Daily or hourly chart for EUR/USD around a decision: which do you use?

Traders read EUR/USD on many timeframes, and the one they choose changes what a central bank decision looks like. On a daily chart, a decision is one candle in a longer move. On an hourly chart, the same decision can dominate several sessions and look like the start of a trend. How to trade the news covers how to plan around a scheduled decision, including which timeframe to decide on before the event.

Members who trade around decisions usually pick one timeframe for the decision and a second for the context. The mistake is to plan on the hourly chart and then judge the trade on the daily one, or the other way round. A clear plan states which chart the entry and the stop are read from, and which chart confirms the direction. The Fed's 28 October hold, for example, reads very differently on the two.

We would like to hear your setup:

• Which timeframe do you base the decision on, and which one do you use for context?
• How do you avoid switching charts when a trade goes against you?
• Has a timeframe mismatch cost you on a decision day? What happened?
• What would make you change your timeframe during a live trade?

Please share your own approach and reasoning, not calls for others to copy. Posts that promise a direction or sell signals will be removed.