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Trendtrader

EDUCATION _Trend duration 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.
TVC:UKOILEducation
by Yuriy_Bishko
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