r-factor
01-09-2008, 07:16 AM
Hi Neal,
I have for the first time been making profits from my trades and know exactly why I am making them. I also know why I go wrong when I do. Thank you so much for the video seminars. They are simply the best training one can get being so far away.
So, as I understand, If I am trading a 30 min chart, I would be looking at the trend in a daily chart. My question is, if I am trading a 5 min chart, can I still look at the daily chart for the trend? I find that trading the 5 min chart gives me more trades and opportunities on entering on retracements or resistence for long or short respectively. But if I trade the 30 or 60 min chart based on the daily trend, I miss out more and in the volatile market it gets a little nerve wrecking. Hence, my query.
I would be grateful if you could advise me on this point. Many thanks.
R-Factor.:)
I have for the first time been making profits from my trades and know exactly why I am making them. I also know why I go wrong when I do. Thank you so much for the video seminars. They are simply the best training one can get being so far away.
So, as I understand, If I am trading a 30 min chart, I would be looking at the trend in a daily chart. My question is, if I am trading a 5 min chart, can I still look at the daily chart for the trend? I find that trading the 5 min chart gives me more trades and opportunities on entering on retracements or resistence for long or short respectively. But if I trade the 30 or 60 min chart based on the daily trend, I miss out more and in the volatile market it gets a little nerve wrecking. Hence, my query.
I would be grateful if you could advise me on this point. Many thanks.
R-Factor.:)