I've been wondering about something. We know price is broken up amongst the different time frames. However, isn't it the same raw tick price displayed over multiple time frames? I can't believe there's 9 different raw prices for one pair. OR, is it, as I surmise, one raw price coursing through 9 timeframes?
Odd Question
- Thread starter ezrydn
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- Watchers 7
If you go to netdania.com/chartstation you can construct a page that will display as many as 9 different time frames for the same currency pair on the same page simultaneously.This is a live feed and you can observe the prices in each individual chart change in unison. There is no charge for use of their site. I hope this is of some help to you.
Price chart is made not only of price, but also of time. Tick prices are the raw data, whereas the timeframes (9 or 9 million of them) are just maps of that data with different levels of detail.
Thanks, Enivid,
That's what I thought. I just needed verification. It makes my idea for a little project a bit easier.
That's what I thought. I just needed verification. It makes my idea for a little project a bit easier.
Price is price. Whether its displayed on a monthly chart or a 1 min chart, its still the same price. 🙂
That's a strange way to trade Robert.
I enter and exit trades on multiple time frames, and i hold the trade until it hits my profit target. What time frame i take the trade on has no bearing whatsoever on how long i will hold the trade.
Yes, and it must be ... otherwise one could open a trade on one timeframe and immediately close it again on another, banking pips without an actual price movement.
Imagine the different timeframes as various zoom levels, like magnifying glasses of differing strenghts, but all looking at exactly the same thing.
Cheers,
P.
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