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Something Interesting in Forex Video May 2013
newdigital, 2013.05.03 07:45
This is next short video by Alexander Elder from this seria: First Step to Trading Success: Choose Your Proper Time Frame
Traders often focus on finding one or many complex indicators to use, but Alexander Elder explains that deciding what time frame to analyze is the most important first step.
finally some truth and perspective in this sea of misunderstanding and laziness.
thank you
The higher timeframe, the smaller spurious signals it can produce a trading system.
Yes, you're right ...
Higher time frame = Less frequent trading ...
Higher time frame = Trading in the direction of more trustful trend ...
Higher time frame = Need bigger Stops ...
Higher time frame = Bigger TPs ...
Higher time frame = Needs more equity to do the right trading environment ...
Higher time frame = Less pressure and less account supervision ...
BUT ...
Most of us like to see many trades on their terminal !.
4hour good time frame for trading. trend is very clearly viewed in 4hour.
news spike not affect in higher time frame.
Yes, you're right ...
Higher time frame = Less frequent trading ...
Higher time frame = Trading in the direction of more trustful trend ...
Higher time frame = Need bigger Stops ...
Higher time frame = Bigger TPs ...
Higher time frame = Needs more equity to do the right trading environment ...
Higher time frame = Less pressure and less account supervision ...
BUT ...
Most of us like to see many trades on their terminal !.
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