Resolved Question
To what extent do you use higher timeframes to determine trends and whatnot?
about 1 year ago
Best Answer - Chosen by Voters
Hey grimadventures,
To find the most reliable trends, you should always use a daily chart for all your trades. I find the daily charts really cut-down on all the "market noise" created by the speculators and allows you to follow what the commercial/professional traders are up to.
You can also go as far as looking at the weekly and monthly charts for more confirmation.
about 1 year ago
Answers (1)
Higher time frames would allow you to see the bigger picture and figure out the general direction of the price movement. Trend lines and channels can be spotted through these longer-term time frames and these can be used to gauge the overall trend.
about 1 year ago
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