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use multiple time frames

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elliotlcraig
7
elliotlcraig  
Use multiple time frames!! also wait for your signals to fire off on all timframes and let the amount of time frames that signal a trade control how long you hold your trade for.  If im trading the euro/usd using the 15m as my entry chart, I get a signal on the half hour chart and the one hour, I take my trade and look for 9+ pips, if I had only gotten the signal on the 15 min and 30 min but not on the hour, then I would be looking for a profit of about half that, and a shorter holding time.  Does anybody else experience this? or us this type of mindset while trading? I use Bollinger bands, and price action.
Stuart Browne
5897
Stuart Browne  
Yup, multi timeframe confluence can be a very powerful tool.
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