Hi,
Trying to improve my trading and have difficulty understanding this but I think I have got it right however if someone can re-assure me it would be grand.
I am using 100/200 SMA for Long term trend direction and 30/50 EMA for short term.
When 1 or more timeframes conflict with the others is that a red flag meaning no trade? E.g. the GBP/USD is trending nicely at the moment however the 4 hour is in an uptrend 100/200 sma however the other timeframes from M to 5 min are all downtrend should I just ignore the 4 hour and go with the majority or does all of them have to be indicating a downtrend I guess it adds more weight to the trend if all of them at pointing bull or bearish?
Thanks.
Trying to improve my trading and have difficulty understanding this but I think I have got it right however if someone can re-assure me it would be grand.
I am using 100/200 SMA for Long term trend direction and 30/50 EMA for short term.
When 1 or more timeframes conflict with the others is that a red flag meaning no trade? E.g. the GBP/USD is trending nicely at the moment however the 4 hour is in an uptrend 100/200 sma however the other timeframes from M to 5 min are all downtrend should I just ignore the 4 hour and go with the majority or does all of them have to be indicating a downtrend I guess it adds more weight to the trend if all of them at pointing bull or bearish?
Thanks.
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