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INTRADAY TRADING CONFIGURATION

INTRADAY TRADING CONFIGURATION
  1. BIG PICTURE timeframe: Daily chart as our supply/demand curve and bigger picture direction
  2. INTERMEDIATE TIMEFRAME: you can use H4 as intermediate timeframe and align it with the D1 to get both Tfs aligned for an entry on the lower ones
  3. EXECUTION timeframe: H1 chart.
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Why Emotions Are A Problem?

Certainty in an executed trading idea is often a guise for greed and fear. As a trader, it is important to have a plan which focuses on entry triggers, trade size, and risk to reward ratios so that you’re acting in a mechanical manner. However, you should also be willing to exit your trade or accept the fact that moving forces in the markets can change quickly so you can avoid the painful experience of holding on to and closing out larger losses than winner.
Emotions Alone Would Cause a Trad
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Joe_Vulcan avatar
Joe_Vulcan 29 Oct.

My motto: lose all sentiment, become one with the machine.

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Popular Forex Currencies

Eight Majors
Unlike the stock market where investors have thousands of stocks to choose from, in the currency market, you only need to follow eight major economies and then determine which will provide the best undervalued or overvalued opportunities. These following eight countries make up the majority of trade in the currency market:
  • United States
  • Eurozone (the ones to watch are Germany, France, Italy and Spain)
  • Japan
  • United Kingdom
  • Switzerland
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