Time frame is useful to see the price trend is going.
There are several TFs that you can use. Small TF will follow the TF is greater.
Suppose you will buy and close buy today you must consider the daily TF, TF hours, and TF 5 minutes. For example, daily TF shows trending up, while the TF 5 minutes showed a trend down that means prices will go down for a moment as TF 5 minutes and then will increase following the daily TF.
How to take a position:
Approximately at 6:00 pm
see TF 5 minutes wait until the price is really low and take a buy position with a take profit 80 and stop los 100. Select a lot at most 5 times your capital.
Attention: do not fight the trend
Trader Must Understand The Time Frame (TF)
/ On : Sunday, May 29, 2011/ Thank you for taking the time to visit my BLOG . Hope can be useful for us all though not as big as you expect. for it, give criticism, suggestions and feedback by commenting. If you would like to discuss or have questions about this article, please link me more information via e-mail At danoeng@yahoo.com.
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