scratty wrote:newscalper wrote:scratty wrote:Price is the same on all timeframes.
no lower follows higher/higher follows lower it is just a representation of historical price datapaweldobkowski wrote:newscalper wrote:Higher TF charts follow lower, not lower follow higher.
That is true but there's a little twist to that. Beacause price creates candles NOT the other way around. Of course - the lower You go - the closer You are to a real price movement. Candles are like any other indicator.
Exactly, so if we are discussing what is visible on a timframe chart in the form of price bars, higher timeframe price bars ALWAYS follow lower timeframe price bars. If your only concern is price you'll be looking at a line chart on the tick chart only.
Higher tf bars just take more time to close. That doesn't mean they follow the small ones. Both are there @ the same time closed or not current or historical (different tfs bars are just another representation of Price and TIME)
Yeah Scratty. I KNOW. I don't know why you're arguing over semantics. When changing TF charts people do so to base analysis on CLOSED bars and to look at past price levels based on CLOSED bars. Price is price NOW and as such the only true representation is the current bid/ask and/or the tick chart. Current bid/ask is current bid/ask on whichever chart you look at, no matter what TF but when you are talking about past levels and bars closing, faster leads slower. Nothing more to be said!