EDUCATION _Trend duration
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All trends can be divided by:
short-term;
medium-term;
long-term.
To determine the duration of a trend, you need to use senior timeframes. In classical theory, trends are divided into annual, monthly and daily trends. For scalping, as a rule, we have enough:
define a long-term trend on a 1-day chart;
medium-term trends will be 1-4 hours;
short-term trends at 5 and 15 minutes.
Thus, we can see the picture, when a single long-term trend consists of several medium and short-term trends. This is often the mistake of beginners. They put one frame, like 5 minutes, define trends, but forget to define medium- and long-term trends. And then they wonder why this price has suddenly turned around at 5-minute. That's why on another timeframe the picture looks different.
Say, what do you see on these 5 minutes?
Does the price, like an abnormal price, fall down after a side movement? Absolutely.
Thus, we can see the picture, when a single long-term trend consists of several medium and short-term trends. This is often the mistake of beginners. They put one frame, like 5 minutes, define trends, but forget to define medium- and long-term trends. And then they wonder why this price has suddenly turned around at 5-minute. That's why on another timeframe the picture looks different.
Say, what do you see on these 5 minutes?
Does the price, like an abnormal price, fall down after a side movement? Absolutely.
the same chart looks like on the 4-hour time frame:
It is very important to understand where we are in the trend.
You can see the types of trends in this post:
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
short-term;
medium-term;
long-term.
To determine the duration of a trend, you need to use senior timeframes. In classical theory, trends are divided into annual, monthly and daily trends. For scalping, as a rule, we have enough:
define a long-term trend on a 1-day chart;
medium-term trends will be 1-4 hours;
short-term trends at 5 and 15 minutes.
Thus, we can see the picture, when a single long-term trend consists of several medium and short-term trends. This is often the mistake of beginners. They put one frame, like 5 minutes, define trends, but forget to define medium- and long-term trends. And then they wonder why this price has suddenly turned around at 5-minute. That's why on another timeframe the picture looks different.
Say, what do you see on these 5 minutes?
Does the price, like an abnormal price, fall down after a side movement? Absolutely.
Thus, we can see the picture, when a single long-term trend consists of several medium and short-term trends. This is often the mistake of beginners. They put one frame, like 5 minutes, define trends, but forget to define medium- and long-term trends. And then they wonder why this price has suddenly turned around at 5-minute. That's why on another timeframe the picture looks different.
Say, what do you see on these 5 minutes?
Does the price, like an abnormal price, fall down after a side movement? Absolutely.
the same chart looks like on the 4-hour time frame:
It is very important to understand where we are in the trend.
You can see the types of trends in this post:
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
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