Fineco multi day forex-Term Trend Trading – The Time Advantage! Fundamental News Trading: For the Bulls, the Bears of the Birds?
For the most part, traders have a tendency to focus on the time frame that they personally are attempting to exploit. As an example, a day-trader intends to be flat at the end of every trading day. I like to compare the issue of multiple time frames to listening to a piece of music. They contribute to the overall theme separately but your ear hears the finished product as a complete event. Larger timeframes work against the smaller time frames for the most part. For example, look at the first chart where a solid downtrend is in play on the five minute timeframe in the EUROFX futures.