What to Do When Timeframes Disagree in Forex Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Watch Prop Firm Masterclass #574: What to Do When Timeframes Disagree in Forex In this video: 00:31 – Confusion on the charts. 01:13 – The longer time frame charts are generally more reliable. 01:44 – How I’d approach this scenario. 04:03 – High Reward:Risk trading. 05:20 - 17 minutes Masterclass and Book a Call. 05:44 – Blueberry Markets as a Forex Broker. 06:07 – Comments, Like & Subscribe. What do you do when you see this scenario happening on your charts? You're looking at the same pair, but on two different time frame charts, and you're seeing two signals but in opposite directions. It's a common issue. We have a simple solution for you. Let's talk about that and more right back. Hey there. Traders! It's Andrew Mitchem here at The Forex Trading Coach with video on podcast number 574. Confusion on the charts. A common scenario that causes a lot of issues. You’re on the EUR/USD. You're on the daily time frame and you see a fantastic buy trade setting up. And you're thinking fantastic. Let's take a trade on this. Moving the market upwards in a bullish buy direction. With the euro looking strong us looking weak. The issue is that you just taken that trade and you then scan through different time frame charts. And at the same time you're seeing on the one hour chart the EUR/USD falling and it causes confusion. What do you do in that scenario? Do you take both positions? Do you take neither? You get confused. Do you get stopped out on both? What should you do. The longer time frame charts are generally more reliable. So, simple solution for you is this. In general, the longer time frame charts are more accurate. In general, they should be more reliable. They offer in general, high reward to risk trades, and they are better to take because they have more data contained in within them. And you can allow for fluctuations in market movements because you stop losses is likely to be bigger. But of course your profit target is going to be bigger. Your reward to risk is still similar, but probably better to your one hour time frame chart. How I’d approach this scenario. And so what I like to do is I would certainly be taking that buy trade on the daily time frame, because that's where my bread and butter trading comes from. However, the way that we trade is that we don't just say we're taking it buy trade on that daily time frame. We look for retracements within the market, so unexpecting at some stage within that day. For the EUR/USD to fall. And that could be the exact scenario that you're seeing at that time. But on the shorter timeframe chart where we see our sell opportunity on the one hour chart. So on the daily timeframe, yes. Overall, I'm expecting within the next day or so for the market to move up. But I'm realistic and I'm expecting that potentially we should see a pullback or a retracement first. So when you go to your shorter time frame chart, it's like you one, two, three, four hour charts. You may well see a sell trade and see the market pull back. Now two scenarios there. You could look at that and go well longer time. I'm seeing the market moving up. I'm ignoring that shorter time frame sell opportunity. Or you can say, well I can see that sell opportunity because it's on a short timeframe. Realistically my stop loss or my profit target a lot smaller. Again, the ratios are very similar, but there are lots more in terms of size. So what you can do is take that sell trade at the same time, and you can profit from that small pullback on the shorter timeframe chart, whether it's one, two, 3 or 4 hour chart let’s say. You can profit on that sell trade at the same time as that moves down, you're probably going to find on your daily chart your l...
