Forex trading strategies: connection of times

      The most important task of technical analysis of Forex market is to determine a trader's direction of price movement of a chosen currency pair in a certain time interval. And the binding of the movement to the time is the main guarantee of successful trading.
      Before opening a position, the trader should firmly know exactly in what time frame he will work. Flat on the charts of large TF does not mean there is no trend on small time intervals. There is practically always movement on Forex market and the main thing is to benefit from it.
      At the same time, a pronounced, for example, "bearish" direction of a currency pair on a 15-minute or hourly chart may not be confirmed by the general direction of the price movement on a 4-hour or daily timeframe. This does not mean you cannot trade against the trend of the older charts, but it does mean you should work with the position at the time format in which the selected movement occurs. After all, any trend on small time intervals, can be simply a trivial correction of the global movement, which lasts for months, which can be clearly seen and work on the charts of large TF.
      Actually Forex trading can be classified into three types of trading strategies:
      - short-term. Forex trading on small time frame charts is attractive to a large portion of traders. The quick dynamics of price fluctuations, short stops and desire to be in the market allure newbies to this strategy. Unfortunately, only later they start to realize the fact that this Forex trading strategy requires a lot of nerve stress and experience. One can even formulate a certain forex rule whose meaning is that the more experienced a trader is, the less permissible interval of his/her operation TF is. But all this is understood with years and experienced traders do not always try to trade in short term mode avoiding excessive "noisiness" of the market in favor of more stable time intervals. M1, M5 and M15 are used as working charts in the short-term Forex strategies. M15 - H4 charts are used for the analysis.
      - medium-term. Trading by this strategy is carried out on the H1 and H4 charts. A relatively small size of stops, almost the complete absence of different noises, makes this strategy very attractive for the work of Forex traders. Positions, when working with a medium-term strategy, are held for several days to several weeks, which by itself does not require constant monitoring of the trading situation. Mid-term trading enables the trader to plan entries and exits without any fuss and nervousness, placing remote orders. Naturally, the slowness in making decisions allows the trader to monitor a large number of trading instruments. The analysis for forex trading in the medium-term strategy is carried out on charts H4, daily and even weekly.
      - long term. This strategy is more suitable for investors or traders with a pretty decent deposit size, and implies the work in the position up to several months. The work here is most often carried out by the forex trading strategies for the daily charts, and analyzed the weekly and monthly periods.
      By choosing a Forex strategy, a trader does not mean that he/she always becomes a supporter of certain timeframes and an ardent opponent of others. Forex activity requires flexibility from the trader, because working with a medium-term strategy does not imply rejection of short-term positions. But, this flexibility comes only with trading experience. In any case, to be successful the player is required to fully understand the time frame in which he will carry out his transaction.
      It is understanding what is happening in time that allows a thoughtful forex trader to succeed, while aimlessly jumping from one time frame to another will sooner or later lead to a fatal outcome for the deposit, where even the most ingenious forex strategy will not help.

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