Tuesday, May 22, 2012

Tips of the day, How to identify trend in multi time frame?????

higher time frame have more weight over lower time frame.

If U see 1hr trend up, 15 min down, So the trend will be up, 15 min chart trend is retracement

Similarly

4 hrs trend up
1hrs trend up
15 min trend down

So total trend will up


Similarly

1 days trend down
4 hrs trend down

1 hrs up
15 min up

So total trend is down, up trend will retrace up to 38%,50%,61.8%

How will you put entry in trading
If uptrend wait till end of down trend and put buy entry
vice versa in downtrend



with thanks

No comments:

Post a Comment