current price (now) not the same on different timeframes
Hey,
Lets take timeframe M1 and Interval H4.
TF M1 updates every minute, TF H4 every four hours.
In 16:00 for example, TF M1 has on EUR/USD 1.0010, on TF H4 1.0050. Both have different prices at the same moment.
Considering I entered on 1.0000, I want to sell on 16:00.
But I dont understand the following: About TF M1 I have a profit of 10 pips, on TF H4 I have a profit of 50 pips.
In theory why not choose H4 for exit? But this ought to be impossible because there should be only one price at 16:00.
I am aware that the TF H4 is lagging, therefore 1.0010 should function as newer price. But again, how is it newer if it is at the same moment? (I am aware that the price of the TF H4 is around the same as the SMA240 of the TF M1, however the same time still confuses me).
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So to put it simple: If I am using the TF H4 for trend orientation and TF M1 for entering and exiting trades, I can use both prices (they are both valid) at 16:00? So TF M1 1.0010 is actually 1.0010 and TF H4 1.0050 is actually 1.0050 ... at 16:00 sharp?
Thanks a lot