The daily chart says buy but the hourly chart says sell.yet the 30 minutes chart says buy.There is non confirmation on different time frame.So how do u take a position in such a case..
2006-11-20 21:11:22 · 4 answers · asked by ccwoam 1 in Business & Finance ➔ Investing
Study the art of stats & the stock market.
2006-11-20 21:39:02 · answer #1 · answered by Claude 6 · 0⤊ 0⤋
You decide which time frame you want to operate in and then it is all easy. If you are buying now to sell after 6 months then use daily charts. For daytrading use 5 minute charts and so on. The bigger trend is given by the longer time frame chart. Once you know the bigger trend you should trade along with that trend in the shorter time frame also. If the houlry chart says sell then DONT BUY based on 30 minutes chart. You can sell when the 30 minute chart also gives the sell signal.
2006-11-24 06:58:18 · answer #2 · answered by StraightDrive 6 · 1⤊ 0⤋
This is a HIGHLY risky endevour. If you don't understand it fully, don't get involved. Despite what the people who sell these courses tell you, you don't have a very good chance of doing well.
Try it as a game before you make any investments with real money.
2006-11-21 01:58:16 · answer #3 · answered by Big R 6 · 0⤊ 0⤋
deside diff set for diff target
eg 5 min chart 4 intraday
30min 4 swing trade
use medved HA candel chart freeware
share experiance
2006-11-21 18:35:13 · answer #4 · answered by dinu_pawar 5 · 0⤊ 0⤋
Frankly, if I am folowing screens of my own creation and I am being successful, why would I want to dscuss/share that information?
2016-03-12 20:59:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋