Sentences with phrase «what time frames the chart»
When you put up an example chart could you put what time frames the chart is in or dosen't it matter?
http://www.learntotradethemarket.com/ Not exact matches
Remember, the higher the time frame the higher the probability of the setup, I wake up in the morning and preempt what is going to happen, or what I think will happen by drawing important levels on my charts and making notes.
Thanks again for your good advice, for impatient people like myself, that always are wondering what's going on, in the lower chart time frames, it has been an «Aha» trading moment, in which I become to understood that the toll that looking and trading in the lower chart time frames is taking on my health and trading account, are not worthy.
The forex market has such high daily trading volume, that the lower time frame charts contain what market technicians refer to as «noise».
When I talk about «End - of - Day» trading strategies, what I am basically talking about is trading based on the daily chart time frame.
You are much better off learning to trade the daily charts so that you can see what all the market movement resulted in each day, rather than trying to analyze and make sense out of each little tick of the lower time frames....
There really is a lot to learn from these two books and much of what they discuss is relevant to the style of trading we practice here at Learn To Trade The Market, i.e., position / swing trading on higher time frame charts.
The chart provides some idea of what time frame you should consider to reach the «long run» in value investing.
Your statements that «price action is price action no matter what time frame is NOT correct» The significance / weight» of the daily time frame signals are far superior to the 1 hour or 5 minute chart.
A valid set up results in a valid trade on what ever the time frame the chart is.
By eliminating a lot of the «noise» you get on the lower time frames, the daily chart makes it much easier to discern what is favorable and what is not.
What is nice is that forex using a micro account allows us small traders to get it started trading the higher time frames i.e. 4, 8, 24 hour charts.
Higher time frame charts contain a more accurate and meaningful view of what is taking place in a market.