TA Forex Trading

Specialist Trading‏ @SpclstTradg  13h13 hours ago
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 The trend of a higher time frame doesn't always confirm the trend of a lower. You'll be more consistent if you just trade ONE time frame...


i also am learning that --each time frame has it's own Trends and QUIRKS
As does each pair-I keep coming back to AUD/USD--AUD/JPY--NZD/USD--and NZD/JPY
some reason i'm drawn to the 15 min time frame-too impatient to wait on a higher time frame
So i'm tuning into those pairs and LOVE the PRIMO Strategies that Pennies brought to the board--THANKS AGAIN PENNIES

PS may watch the 1 Hour too-awe heck in between the 30 min too-see which one does better for me

You make an excellent point Jav. During all this time I've spent coding and testing, one thing I've realized is that setting up a system of trading rules for an EA to run on really shows you what can happen if you try to incorporate too many time frames into one trading strategy. For example, when I first started putting EA's together, I naturally assumed that I needed to filter the trades on the 5 and 15 minute charts with what was happening on the hourly and 4 hour charts, or even daily charts. Boy, was I surprised...turns out that trying to make the lower time frames take only longs or only shorts based on larger time frame conditions actually caused the lower time frames to lose MORE MONEY than just leaving off the references to the higher time frames altogether.

While I still feel the need to watch the upper time frames when trading (I guess just from habit), there's no doubt that each time frame does indeed have the capability of standing on it's own.