Localfund.com - All about Fund and Investment
*Home>>>Forex

Forex charts?


what time frames do you guys use 1day,1hr, 1week??

the majority of my trades are 2-3 hrs max

i am using a one hour chart and a 5min chart to time my in/out

pointers??

one little piece of the puzzle does not a Plan make.

You've left out so much, there's nowhere to begin. We could guess forever.

What are you using to generate signals?

Which software are you using.

Is your trading experience in the stock market?

If so, one day in the stock market is 6 hrs, but 24 hrs in forex. So a 180 min chart or 90 min chart in forex might be equivaltent to the 30 min used in the stock market.

Trying to trade with the trend? Or momentum? Using moving averages? Stochastics? Pivot Points? Fibonacci?

If I'm trying to trade with the trend, then my first step is to "determine" the trend, and whether all time frames add up. I start with the weekly, then daily, then 240 min, then 90 min.

If not the trend, then maybe a breakout? See, too many questions. Not enough specifics.

The first thing you should do is develop a trading plan. I don't think you've done that, because you can't develop a Plan without specifics.

Try again.

well as a rule of thumb based on Dr Alexander Elder's methodology, use the 3 windows rule. Meaning to say, choose a time frame immediately smaller than the trading time to time the trade. A time frame immediately bigger to see the larger perspective. So for example if your trades are 2-3 hrs, pace yourself with a 4 hr or 8 hr chart. Then time the trade with a 30 mins or 1 hr chart. Then of course you have to choose that part of the day that is the most active. For more info @ http://www.geocities.com/lcming/Forexboo... or http://www.geocities.com/lcming/ForexFor...

Depends if you are a day trader or a swing trader..Get more info at

http://the-forex-trading.blogspot.com

Tags
  Fund Portfolio   Fund Performance   Fund Manager   Fund Management   Forex   Foreign Investment   Financial Investment   Fidelity Investment   Fidelity Fund
Related information
  • Forex Trading Software?

    There's some good ones on this site - ...

  • (Forex) MULTI- CURRENCY ACCOUNT?

    I've been doing online investing in Forex for 2 years and never heard of that, that's not saying it's not true. I have a e-gold e-currency account that's backed by gold spot pr...

  • FOREX, which is the best zigzag currency pair?

    What is "zigzag currency pair"? If you are talking about the pair that moves or fluctuates the most, it is the GBP/USD. If you would like to know more about how you can invest in and ...

  • Forex beginer?

    Great! Good for you for getting your hands dirty... You choose your leverage depending upon how much stress you can take. 1:10 means $1 = $10 in your trade 1:200 means $1 in your trading ac...

  • Forex (Foreign Exchange Place/Market)?

    Yes,they do accept it,try fxcm.com

    ...
  • Forex vs Stocks?

    Forex is way too manipulated and the risk way too great. the swings on any given day are out of control. There are some great ETFs to buy and sell that follow the currency markets if you are into t...

  • Forex Traders:what sessions are the most reliable to use a candlestick on?In that regard,Europe.. U.S... Asia?

    I don't consider candlesticks or other technical analysis reliable. See: http://commonsensetrading. googlepages. com

    ...
  • Forex Trading? Any suggestions on how to reduce risk?

    The huge risk is there because of the huge leverage. I'm currently trading a mini account that allows 200:1 leverage. Yikes! How much trouble can we get into now? Just because you "can...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster