1. lindatu
  2. Forex Trading Strategies and Systems
  3. Monday, 06 November 2017
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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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#lindatu#, you have posted that you would post the daily chart, but there is no such specimen (:

Anyways, Daily chart posting and following is not so easy, we can follow the market trend frequently, I think it will help us more.:D
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I do prefer to follow charts weekly or bi-weekly. Currency or Commodity values can vary daily. So it is good to follow the charts weekly or bi-weekly. You can follow the whole week's strategy of a particular commodity or currency and then work accordingly:D
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yes that's great topic .. As per my opinion we must follow daily chart , so that we can easily grab that what is running in the market.
To earn profit we must follow daily chat and make good strategy for trading ..
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Daily stock charts are the best time-frame to gauge the current strength or weakness of a stock. Since each bar represents one day of trading activity, daily charts should be used to identify precise buy points and devise short-term trading strategies.
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