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Ichimoku Trading - Different Timescales

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I'm getting used to trading any FX or Indices using the daily charts and the Ichimoku indicator. Recently though, I started dipping into smaller time periods and I have a question for the community. I patiently wait for my setup in the 15 minute chart for example and when it arrives I put the deal on. When I check the 30 minute or hourly, my setup is not telling me to the pull the trigger. I move to the 5minute or 1minute to keep a closer eye on things and of course, these charts are ahead of me in terms of set up. My question is just how important is it to review higher time frames when trading lower time frames?

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If you are trading on the 5 minute chart, does it really matter what the hourlys or daily looks like?

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@Nelsy-Boy,

It all depends on what you have stated in your trading plan and what your trading strategy is.

The different time frames give you an ability to see different levels of detail. I tend to use 'daily charts' and zoom in and out as necessary. I will also use 4 hour charts and occasionally 1 hour charts. Lower time frames tend to show more detail when it comes to price action but it all depends on how you are trading. Are you a trader that enters a position and then exits within 5 mins to 30 mins? Are you a 'scalper'? Do you day trade? Are you a more longer time frame trader?

Many will offer you a different opinion but only you can decide what charts you need to monitor, analyse and act upon. 

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