Forex Charting 1 to 1 How to chart a trade like a pro
Step 1.Look @ the weekly Step 2. Look @ the daily Step 3. look @ the 4 hourly Step 4. enter on the 1 hourly
Step 1. you want to now where you are on the weekly , where is the 200 where is the 100 are we @ a top of a range , can we see sign's of exhausted over bought or sold levels
Step 2. you want to know where you are on the daily and looking for market direction , momentum and volatility
Step 3. the 4 hour chart, my bread and butter money making chart my main chart for decision making
Step 4. The entry chart ONLY we only go down to a 1 hour chart for our cheaper sharper entry and stop only
we never keep our charts on the 1 hour
When you go to the cinema or an art gallery you will always get a better focus on the tru range and Image the charts are telling you
Too many traders chart on the 1 hour to 15 min chart . OK if you are scalping 5 , 10 maybe 20 pips , But if you are after the big moves like US
you need as much information as possible
Just remember
there is 4x times the info of 1 hour chart on a 4 hour chart
there is 6x times the info of 4 hour chart on a daily and so on an so on
Step 1. you want to now where you are on the weekly , where is the 200 where is the 100 are we @ a top of a range , can we see sign's of exhausted over bought or sold levels
Step 2. you want to know where you are on the daily and looking for market direction , momentum and volatility
Step 3. the 4 hour chart, my bread and butter money making chart my main chart for decision making
Step 4. The entry chart ONLY we only go down to a 1 hour chart for our cheaper sharper entry and stop only
we never keep our charts on the 1 hour
When you go to the cinema or an art gallery you will always get a better focus on the tru range and Image the charts are telling you
Too many traders chart on the 1 hour to 15 min chart . OK if you are scalping 5 , 10 maybe 20 pips , But if you are after the big moves like US
you need as much information as possible
Just remember
there is 4x times the info of 1 hour chart on a 4 hour chart
there is 6x times the info of 4 hour chart on a daily and so on an so on
