Sentences with phrase «on daily time frame»

Should any bulls come back to the market, on the daily time frame, resistance is seen at $ 9,500 and then $ 11,600.

XRP / USD technically is subject to a potential heavy break lower, if it gives up on the underlying trend line of a bearish pennant formation, seen on the daily time frame.

The 100 SMA is above the longer - term 200 SMA on the daily time frame, confirming that the path of least resistance is still to the upside.

NEO / USD is edging back towards a falling wedge pattern on the daily time frame, which the price broke out of on Monday when the market was in retracement mode.

Technically, BCH / USD has formed a bearish pennant pattern observed on the daily time frame, support of the lower trend line currently tracking around $ 625, where the upper resistance is seen at $ 680.

Looking technically at BTC / USD on the daily time frame, next level of support will come into play at the upper trend line of the descending channel, tracking at $ 10,000, in proximity to the 50 DMA.

BCH / USD is testing a strong area of support, around $ 850, which is also a neckline of a head and shoulders pattern, seen on a daily time frame.

Using these parameters, we tested each of the technical indicators on its own on the daily time frame of EUR / USD over the past 5 years.

For this article, we will focus on the H1 time frame, but swing traders often use the same principles on the Daily time frame very successfully.

On the daily time frame that can be a lot of pips.

I also find 90 % of the setups I take on the daily time frame with the remaining 10 % coming from the 4 - hour charts.

Angel, in my experience engulfing candles work best on the daily time frame.

Right now we're only concerned with how to interpret the settlement period on the daily time frame.

Likewise, a structure that's developing on the daily time frame would need a daily close beyond support or resistance for confirmation.

Thanks Nail for letting me stand on your shoulders, its a new day to my trading, the trading affirmation has done alot in me, for this article i have been a victim of all, but since i became a member of this community & gone through your course lessons every of my discipline affect every other discipline in my trading, 17 trades so far on the daily time frame, 11 winning trades, 2 losses, 1 stopped out at break even, & still have 3 winning trades on, all from the pin bar set up from your course lesson, thanks to all the guys in the community, you guys have been brilliant in the live forum, once again thanks Nail i appreciate you, no questions at the moment, its been great with understanding your teaching, God bless.

Please can I trade shooting star confirmation on 4 hrs, weekly chart or it is only on daily time frame

By learning to trade on the daily time frame you get a clearer picture of the market than what is possible trading the lower time frames, and by focusing on one trade setup at a time you truly can become a master of it and «make it your own», meaning you get to know it intimately and all the nuances that come with it.

I suggest to all of my students that they learn to master one of my price action strategies at a time on the daily time frame before the moving on.

The 100 SMA is safely above the longer - term 200 SMA on the daily time frame to indicate that the path of least resistance is to the upside.

Thanks to the help of a trusted trading mentor, I eventually discovered the problem; hyperfocusing primarily on the daily time frame.

yes i agree, i allways base my desicions on the daily time frames and use the lower time frames for price strenth...

Not exact matches

When I was a new trader, I made the mistake of spending too much time focusing on the daily and intraday chart time frames.

Although the daily chart has always been pivotal for locating low - risk buy setups, my extreme focus on that single time frame was causing me to ignore the power of confirmation from longer time frames (such as weekly and monthly charts).

Pin bars work on all time frames but are especially powerful on the 1 hour, 4hour and daily chart time frames.

The support has been rejected several times on a daily time - frame, followed by the move higher and break above the 50 Moving Average.

Zooming out to the daily time frame reveals that price is closing in on a major area of interest.

Daily life has to be planned, and the working day can not go on ad infinitum, but has to be very efficient in a shorter time frame.

In order to get the [Tracey Elementary School] project completed within the short time frame - the scope was changing not daily, but hourly - we needed a vendor we could count on.

Nial great article as always... let me just add that the reason people lose money on 5 minute time frame is because things happen way too fast for us to decide correctly... however if you run a computer program to place, monitor and close trades on set criteria 5 minute TF can be very profitable on daily bases.

The lower two charts display the weekly & monthly time - frame, with their respective closest swing high and swing lows clearly marked, as potential future Support / Resistance levels, where I will focus my attention to the price action that occurs on my top two charts (4 hour and daily time - frame) when price moves to one of my SR levels on the highest time - frames.

It is definitely as easy to blow up an account on 1 min time frames as it is on daily charts.

But, suffice it say, if you don't understand the key levels and how to find and trade trends on the daily chart, you are never going to make money on any time frame under the daily.

Moving averages yeah i find them useless on lower time frames as well but on 4 hr and daily chart for long term trades they so far have worked.

They've got some idea in their minds about day trading and they all seem to want to look at short time frame charts before focusing on the daily chart.

As I discussed thoroughly in a recent article on trading daily chart time frames, you can significantly improve your trading by ignoring time frames under the 1 hour chart all together.

I quite agree, I do have mobile trading aps, but I only use them when I am away from my usual trading lap top to check if any price action has occurred on the daily time - frame, at my pre — identified SR levels

The downside is that since this indicator is based on the daily candlesticks, it only really plots useful levels on the lower time frames, such as the 15 - minute chart.

On the other hand though, smaller time frame charts offer greater price development, rarely seen on daily charts or higher (maybe once in 3 monthsOn the other hand though, smaller time frame charts offer greater price development, rarely seen on daily charts or higher (maybe once in 3 monthson daily charts or higher (maybe once in 3 months).

Many traders write in to me on email asking me about «missing trade setups» on the 15 minute charts or other small time frames, if they are mainly focusing on the daily charts and 4 hour charts like I teach.

Again, we are doing the same thing as in the morning: checking the price action in our favorite markets and looking for any obvious price action signals that may have formed, with a focus on the daily and 4 hour chart time frames.

Pin bars can be taken counter trend as well, as long as they are very well defined and protrude significantly from the surrounding price bars, indicating a strong rejection has occurred, and preferably only on the daily chart time frame.

Before i was so obsessed with staring at the chart on 1 hour time frame but my first monthly profit on a $ 5000 account was $ 600, and it came when i traded a daily chart fakey on GBPJPY, leaving the trade for 4 days and my profit was hit.

There are so many opportunities on the 4 hour and daily charts that concentrating your mental energy on lower time frames is simply an inefficient and ineffective use of time.

You must trade on higher time frames (Daily Chart) if you want to be successful, there is no exception.

Technical trading patterns should be used on daily, weekly and monthly time frames: A head and shoulders pattern on an intraday five minute chart does not carry the same weight as a head and shoulders pattern on a weekly chart.

To determine if a market is worth trading, first, zoom out and get the bigger picture on the daily chart time frame.

When I talk about «End - of - Day» trading strategies, what I am basically talking about is trading based on the daily chart time frame.

This week, keep a lookout at the 2530 price support region for a bullish buy signal either on the daily or 4 - hour chart time frame to get long.

There are many false signals on lower time frames and so you have to know how to properly trade the daily charts before you can understand how to properly trade the lower time frames.

• Trading inconsistently — All trading signals are stronger and clearer on daily charts than on time frames below, thus it makes your trading more effective and consistent over the long - term due to the increased reliability of the signals.