Consider the trend panel like one of your best friends that reminds you that there might be some dangers before placing a trade or that confirms that your assumption and the current buy or sell signal have indeed more chances of being correct.
Understanding the trend timeframes #
The best combo you can create between the actual chart timeframe and the trend timeframe should be around two timeframe steps. For example if you are trading on the 5m timeframe you should use confirmations from the 15m timeframe on the trend panel.
Other timeframe combo examples: #
- 1m trading chart – 10-15m on Trend panel
- 5m trading chart – 15-30m on Trend panel
- 10m trading chart – 30-45m on Trend panel
- 15m trading chart – 45-60m on Trend panel
- 30m trading chart – 60-120m on Trend panel