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
Continue Reading
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
Continue Reading
0 Comments:
Post a Comment
Note: Only a member of this blog may post a comment.
Subscribe to Post Comments [Atom]
<< Home