I have a question,
it is basically this.
Is it possible or wise. to observe price action on any time frame other than that which comes as standard on the metatrader Platform?
I say this because at present there is a nice pin bar forming on W1 with E./J.
If we could look at the 'D2' time frame, then there is a great bearish outside bar to compliment the weekly Pin.
Is price action, price action? Or is it only valid on certain time frames because that is what the majority of other traders use.
I think i have read of indicators On this forum that help change the time frame to a bespoke setting.
If this is a valid thing to do then the possibilities are endless as we could create custom time frames on any basis until we see price action as we know and require to trade.
Or does price action only work due to lots of people seeing it on the standard time frames and acting on it accordingly. The self fulfilling thing again like fibs.
I would enjoy hearing anyone's thoughts on this
Regards Paul
it is basically this.
Is it possible or wise. to observe price action on any time frame other than that which comes as standard on the metatrader Platform?
I say this because at present there is a nice pin bar forming on W1 with E./J.
If we could look at the 'D2' time frame, then there is a great bearish outside bar to compliment the weekly Pin.
Is price action, price action? Or is it only valid on certain time frames because that is what the majority of other traders use.
I think i have read of indicators On this forum that help change the time frame to a bespoke setting.
If this is a valid thing to do then the possibilities are endless as we could create custom time frames on any basis until we see price action as we know and require to trade.
Or does price action only work due to lots of people seeing it on the standard time frames and acting on it accordingly. The self fulfilling thing again like fibs.
I would enjoy hearing anyone's thoughts on this
Regards Paul