Sentences with phrase «daily timeframe does»
Daily timeframe does promote patience.
http://www.learntotradethemarket.com/ Not exact matches
I must admit I do have a weakness for MacD, and stochastics, but all these things have not helped me in being consistent, as well as having a penchant for dwelling on the lower timeframes (even though I do a proper top down analysis starting with the daily chart).
It is important to use multiple time frames when doing your daily research and technical analysis of potential stock and ETF trades because there are times when one chart timeframe indicates a completely different technical situation than another timeframe.
I must admit I do have a weakness for MacD, and stochastics, but all these things have not helped me in being consistent, as well as having a penchant for dwelling on the lower timeframes (even though I do a proper top down analysis starting with the daily chart).
I am new here and in forex still trading on demo though i trade on daily timeframe but am so apprehensive that anytime it turns to negative, I would always close the trade against and take the new trend and eventually it turns again, I do same thing and it makes me count too many losses.
Another great an timely insight to trading, everyone has to work out in their own mind how to trade and everytime I seem to be working out something You seem to bring out an article reinforcing my theories.I am taking your advice and learning price action one at a time and decided to concentrate only on three pairs to start with eur / usd aud / usd [your local currency and gbp / usd my local currency.I did not know the euro trading volume was that high.Also your advice on starting on daily timeframes is spot on as it helps to stop overtrading to start with and also teaches patience which I think is so Important, along with position sizing.You can't be a master without first being a novice!