However, the fact that you are day trading on a 1,5 or 10 minute bar chart does not mean you cannot use a larger time frame chart for the purpose of studyhis however, is fairly subjective and depends really much on the traders strategies and methods of tradings an example, many day traders would look at one hour bar charts in order to have a view of how the market has been behaving in the last weeks it moving sideways (and so Possibly I should only place trades between support and resistance areas)s it trending (and so Possibly I should only be looking at placing trades in the direction of the higher time frame trend)re there any major support and/or resistance levels I should be aware of (areas where I should refrain from placing trades due to the fact it is uncertain how the market will react when reaching them)id the business brake out of a congestion areagain, it is fairly subjectiveome day traders believe that with proper larger time frame study they can select better their d ... [Read More - Wall Street Forex Robot]
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