It has been a while i wrote articles at the FX Community, how is everyone in the community and how is your trade going, i hope it is fantastic with all.This is by far one of the biggest reasons for failure that I see in most aspiring traders. Failure to figure out which way is best to trade. With market flow, it really isn’t that difficult. The first thing to understand is that higher time frames have more strength. The higher the time frame, the more strength it has. In other words, if a daily chart is going down very sharply, but the 5 minute chart is actually showing a rally, the daily chart is the winner. I can’t believe how many people I see, almost daily, trying to fight the bigger time frame. So when you start your trading day, and let’s assume we’re talking about day trading, what you need to do is take a look at the higher time frames before you do anything else. I start by looking at the daily chart (and by the way I quite often check out the weekly and monthly charts). What is its dominant direction? What is the market flow on the daily chart? This is stronger than the market flow on the lower time frame charts. If it’s up, then my bias would be toward the buy side, even…
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