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  • Forex trading has been increasing in popularity day by day. People from different parts of the world are jumping on the bandwagon. Individuals are realizing that this is a great way to make money... Forex trading has been increasing in popularity day by day. People from different parts of the world are jumping on the bandwagon. Individuals are realizing that this is a great way to make money in their spare time, and in fact, many people have been able to turn this into their sole source of income. There are also many forex consultants and brokers to cater to this rapidly growing business. This indicates how much the industry has grown and how wide its spread it. More
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  • lindatu started a new discussion, Daily Chart Strategy
    While I occasionally trade from the Daily chart, primarily I use it to determine the trend of the pair.

    Once I have identified the pair that I feel has the strongest trend based on the Daily...
    While I occasionally trade from the Daily chart, primarily I use it to determine the trend of the pair.

    Once I have identified the pair that I feel has the strongest trend based on the Daily chart, I will usually enter on a 4 hour or 1 hour chart...whichever time frame best optimizes my entry.Here's what I am looking for chart by chart...

    Given all of the above, I know I will only be looking for opportunities to sell the pair as they will have the greater likelihood of success. (Trading in the direction of the longer term trend offers us that edge.)
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