Yuriy_Bishko

EDUCATION _Trend duration

Education
TVC:UKOIL   CFDs on Brent Crude Oil
All trends can be divided by:
short-term;
medium-term;
long-term.


To determine the duration of a trend, you need to use senior timeframes. In classical theory, trends are divided into annual, monthly and daily trends. For scalping, as a rule, we have enough:

define a long-term trend on a 1-day chart;
medium-term trends will be 1-4 hours;
short-term trends at 5 and 15 minutes.


Thus, we can see the picture, when a single long-term trend consists of several medium and short-term trends. This is often the mistake of beginners. They put one frame, like 5 minutes, define trends, but forget to define medium- and long-term trends. And then they wonder why this price has suddenly turned around at 5-minute. That's why on another timeframe the picture looks different.
Say, what do you see on these 5 minutes?
Does the price, like an abnormal price, fall down after a side movement? Absolutely.


Thus, we can see the picture, when a single long-term trend consists of several medium and short-term trends. This is often the mistake of beginners. They put one frame, like 5 minutes, define trends, but forget to define medium- and long-term trends. And then they wonder why this price has suddenly turned around at 5-minute. That's why on another timeframe the picture looks different.
Say, what do you see on these 5 minutes?
Does the price, like an abnormal price, fall down after a side movement? Absolutely.

the same chart looks like on the 4-hour time frame:

It is very important to understand where we are in the trend.
You can see the types of trends in this post:


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Comment:

Comments

Hello, thanks for great content
I have one question
As you showed us, we have up and down trend but what is side (number 4) ?
+4 Reply
Yuriy_Bishko hosseinnejad74
+4 Reply
thanks sir... global trend do you use monthly tf? how about local trend sir is it the daily tf?
+2 Reply
Yuriy_Bishko fioloren1245
@fioloren1245, monthly- weekly - daytime

daytime - 4 hours - 5 minutes

I trade mostly dayly timeframes.
+3 Reply
fioloren1245 Yuriy_Bishko
@Yuriy_Bishko, wow 5minutes 😍! thanks sir... by the way... I am female💃.
+1 Reply
Yuriy_Bishko fioloren1245
+3 Reply
checkout my analysis on gbpnzd
+1 Reply
Yuriy_Bishko UnknownUnicorn3749633
@UnknownUnicorn3749633, nice break out
Reply
Can next one be the pre-conditions lesson Yuiry?
+1 Reply
Yuriy_Bishko dreams_catcher
@dreams_catcher, on what topic do you want me to prepare a lesson?
+1 Reply
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