it depends on the user which chart best suits him. I check the daily $ H1 frames before making a trade. Gut i focus on 5M and 15M time frames all the time when i trade
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it depends on the user which chart best suits him. I check the daily $ H1 frames before making a trade. Gut i focus on 5M and 15M time frames all the time when i trade
i think the correct time frame should be chosen according to the trader type . scalper usually don't look at bigger time frames he needs what's current move of the market not the history . and some one looks at bigger time frames and make orders (usually long term traders) but as the above posts says looking at bigger TF have been used to identify trend of the market by regular traders too.