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Trends and candle tails seem to be a bit different in Forex. There are a lot of really big tails and trends seem to exceed the 30-40 bar rule. In order to trade an MTR there must first be a Trend-line break. Would it be better to use a Line Chart to draw Trend-lines in order avoid the added confusion? Then switch to Candles for the rest of the analysis (MMs, Patterns, Stops)?
Yes, in Forex you have protracted several-days trends so as far as bar counting goes, you need to switch to the highest time frame where the trend (or any other pattern) is present and count the bars there.
Switching from different chart types or time frames is something you have to try and see if it works for you. For me, the less info the better so I stick to the 5 min emini chart that I trade but, as I said, you need to adapt your setup to your needs and the intrument you are working with.
I totally didn't think to go to the highest time to count the bars! Thank you so much, I really appreciate the response!
