"Ok Thanks Daologic. So which timeframe should I consider more accurate. I drew a line joining the highs of July 2008 and May 2011. On the Daily timeframe it shows it passes through 1.4050 - 1.4070 while on the Monthly charts it shows it passing…"
"With regards to EMA I use 20, 50, 100 and 200 ... I understand why levels would be different in different timeframes when it comes to EMA. But when drawing a extending line connecting two previous highs or two previous lows (Shown in both charts by…"
"What EMA's you use? There are only a few SMA's that are benchmarks, 20, 50 100 and 200. 200 is the most important. All this benchmark works in daily.
You get different levels with them in different timeframes because an MA is counting the…"
"I drew a trend line connecting the highs of July 2008 and May 2011 ... Now my question is when I view the chart in the monthly time frame the line crosses around 1.3850 - 1.3860 on my charts while when I view the chart in the daily timeframe the…"