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Longer Time Frame Charts vs Shorter Time Frame Charts

December 10th, 2009 by

Student’s Question:

I identified a hammer on a 5 minute AUD/JPY chart. I would have set the stop at 80.60 and enter at 80.62. The daily chart showed an uptrend over several months.

Question: I understood from the webinars that Doji’s are accurate even on charts with short time frames (1 minute, 5 minute), but what is the recommended time frame that should be used with other candlestick patterns?

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Posted in Foreign Exchange |

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