Forex technical analysis-trading monthly and daily charts high roi trading trading psychology made easy. chart patterns & trend action for forex, cfd and stock trading - duration: 38:05.. If you normally trade forex mini lots, use micro lots instead, because weekly charting is easy to manage, but the price differences can be significantly greater than when trading with charts over shorter time periods.. 6 trading strategies and indicators to trade forex daily chart ; i am a good forex trader; what is my secret? i sometimes trade based on the weekly any monthly charts too. therefore, i will have to hold the positions sometimes for several weeks. in both of your articles “i trade the daily chart, but i am a day trader” + “daily.
Again, when referring to, “long term trading,” i mean using weekly charts (and monthly) as your guide to set-up potentials and targets. then, perhaps, using a lower time frame to actually execute the trade for more precision.. It is absolutely possible to trade the long-term using monthly charts. i have done it myself on occasion. the problem, of course, is that you can wait a long, long time for the right situation to develop.. This being the 4 hour chart and price being a fair way from the flat level, it may take a while for this trade to setup, if indeed it does at all. i love trading this way, looking at the bigger picture and then watching and stalking the lower time frames for my reason to enter..
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