Sentences with phrase «daily timeframe»

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.

I prefer trading daily timeframes as discussed in many of my articles and training.

Daily timeframe does promote patience.

I trade (on paper) only when the expected daily timeframe direction is the same as the weekly, and I use a stoploss which is worked out on the sum of the two largest recent daily candles I only look at the market for decisions just before my providers daily candle finishes, which is two hours ahead of gmt, and is around the quietest time in the market.

From a technical standpoint, the Dollar Index is bullish on the daily timeframe and a breakout above 101.00 could encourage a further incline higher towards 102.00.

Sterling / Dollar continues to be pressured on the daily timeframe with a breakdown and daily close below 1.260 triggering a steeper selloff towards 1.250.

Zooming out to see the «big picture» trend, the long - term monthly chart of $ AAOI confirmed the bullish setup on the daily timeframe.

This strategy is designed for day trading, but you should be able to adapt it for volatile stocks on the daily timeframe as well.

The RSI on the daily timeframe is trending lower but near the mid line and holding in a bullish range while the MACD is continuing lower.

I loved this article, since starting to trade the daily timeframe charts everything has become clearer for me.

You should stick with the daily timeframe if you are struggling to make a profit on a consistent basis.

I always start with applying the rules on a Daily timeframe first.

However I wish to ask that if we are trading with the daily timeframe are we going to use the swing lows and swing highs of the higher timeframe to draw the support and resistance lines?

Antony here, Do you recommend that Support and Res works well on the daily timeframes?

Hi Dan, In case you are not seeing a selling setup (PA) on a Daily timeframe, then the lower timeframes should not be an issue.

Here is an example of how 4Hour chart looks like when I have spotted support level on a Daily timeframe.

Or is it the daily timeframe that we will use?

Their charts agreed with that on the weekly timeframe, but showed better strength on the SPY and QQQ on the daily timeframe than in the IWM.

Hello Justin, I am going to be using the engulfing pattern on the daily timeframe.

Upon further analysis, i saw on the daily timeframe, a falling wedge pattern on a downtrend which to me is a sign of an imminent reversal.

On the daily timeframe the SPY and QQQ are also strong with the IWM close to a break out if it moves higher.

You say you take between 5 and 10 setups per month and only trade on the daily timeframe.

But my problem is my levels, especially the trendlines on daily timeframe are often not respected by weekly timeframe candles.

CADJPY formed a SHARK pattern to complete the C leg of the corrective wave of the bearish impulse wave on daily timeframe.

How many times I've made the right analysis using weekly and daily timeframe, and found my self to STARED AT MY PC SCREEN ALL DAYS, and made stupid trades / decisions that ruined my profit.

For example, if I am seeing a major support or resistance on the Daily timeframe, I am looking for a price action confirmation.

As I mentioned earlier, I am starting my analysis with the Daily timeframe.

Their charts agree with that on the weekly timeframe, but show better strength on the SPY and QQQ on the daily timeframe than in the IWM.

Let's say I am seeing a pinbar on the daily timeframe, I am always going to go down to the 4 Hour chart and check what is the setup there.

As you can see from the screenshot above, the level of 18.50 was a major resistance level on the Daily timeframe.

My analysis starts from the Daily timeframe and then narrows down to the 4 Hour and sometimes 1 Hour.

Let's say I am seeing a pinbar on the Daily timeframe.

The Kijun line appears to be crossing below the Tenkan line on the daily timeframe, which could be an indication of another round of drops towards the support level of 0.1691.