To spot a solid trend, should we appear for 1hr, 4hr, 8hr or one day interval?
Slow Stochastics
if 1hr interval is stating overbought
4hr interval is stating oversold.
How do you know if it's a powerful downtrend or uptrend?
To spot a solid trend, should we appear for 1hr, 4hr, 8hr or one day interval?
Slow Stochastics
if 1hr interval is stating overbought
4hr interval is stating oversold.
How do you know if it's a powerful downtrend or uptrend?
Find a time period that suits your lifestyle and personality. When you've got a day job then 4 hour daily would probably best. In reality if you are just starting out then I wouldn't trade any lesser than this to start with.
Just concentrate on the fad on the timeframe you wish to trade together and if necessary check the time period over if desired but do not over analyse every time period since you will only get confused.
Yeah like what willf said, loe a time frame that is suitable for you and the way that you trade, you do not need to adapt to a particular time frame if you know what I mean, then when you hit you comfort zone you will realize how more convenient it will work for you the best of luck!
As a rule of thumb, if prices have been above/below 30 week or two 40 week simple moving average, you almost certainly have a trend, but it is all dependent on exactly what timeframce you are trading. From the looks of this, you really don't understand what it is you are doing, loe and EGDE!