Saturday, April 18

Learn to trade the daily charts

I trade mainly off the daily charts, and I teach my students to do the same. If you want to have a realistic chance at making a living as a  trader, you need to master trading the daily charts before all else. This is one of the most important pieces of the puzzle of being able to trade for a living.
The daily chart gives us the best combination of accuracy and frequency of price action trading setups. Meaning, you will get a much clearer, accurate, and more relevant view of a market’s price action on the daily chart than you will on any time frame below it. The weekly and monthly charts also provide a good clear view of a market’s overall movement, but they do not provide enough trade setups to be practical enough for the short to mid-term retail  trader. The daily chart gives us enough trade-worthy setups each month to be able to make consistent money, while

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