I've been studying this for a while now and I'm having a hard time finding the trend in the time frame I'm looking at.
For example if I like to trade a few times a week I'm going to be looking at maybe the one hour for hour time frame. I'm going to find my trend in the 4 hour and find my patterns and such in the 1 hour.
My problem is how far do I look back for data on the 4-hour to find the direction I should be trading... There are so many trends within trends and if I go too far back I might actually be looking at the daily trend and if I don't go far enough I might be looking at a small time frame trend I need to know which swings to focus on and find the pullback.
For example if I like to trade a few times a week I'm going to be looking at maybe the one hour for hour time frame. I'm going to find my trend in the 4 hour and find my patterns and such in the 1 hour.
My problem is how far do I look back for data on the 4-hour to find the direction I should be trading... There are so many trends within trends and if I go too far back I might actually be looking at the daily trend and if I don't go far enough I might be looking at a small time frame trend I need to know which swings to focus on and find the pullback.
