Which hour/duration strategy works fine?

Question

Yolanda · Accepted Answer

The longer time frames give you the prevailing directional bias, scale down to find entries in the direction of the longer term bias. As a new trader I advise you to limit your trading and focus on learning. Forex is a volatile market.I use multiple timeframes to find potential decision points and potential reversal zones. I trade with the prevailing order flow when volatility and momentum increase. It takes experience to know when to trade and when to sit tight.If you trade short term charts without a refined system you are going to be stopped out alot. If you trade longer term charts expect alot of counter trend movement (which is usually against you if you are following a trend.)Be patient and find a way to use longer term targets, small positions, and decent sized stops. I recommend learning about Fibonacci retracements/extensions/projections. They really work for those who take the time to learn what they really are.

Which hour/duration strategy works fine?

1 Answer

1 Answer

Which hour/duration strategy works fine?

1 Answer

1 Answer

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