"The worst thing that happens to you may be the best
thing for you if you don’t let it get the best of you."
By Will Rogers.
Wednesday, March 9, 2016
Tuesday, March 8, 2016
QUOTE OF THE DAY
"Up, sluggard, and waste not life; in the grave will be
sleeping enough."
By Benjamin Franklin.
Monday, March 7, 2016
FOREX THEORY
How to Perform Multiple Time Frame Analysis (Part 2)
She sees that the pair is clearly in an uptrend.
This signals to Cinderella that she should ONLY be looking
for BUY signals. After all, the trend is her friend, right? She doesn’t want to
get caught in the wrong direction and lose her slipper.
Now, she zooms back to her preferred time frame, the 1-hour,
to help her spot an entry point. She also decides to pop on the stochastic indicator.
Thursday, March 3, 2016
Wednesday, March 2, 2016
FOREX THEORY
How to Perform
Multiple Time Frame Analysis
Let’s say that
Cinderella, who gets bored all day cleaning up after her evil step sisters,
decides that she wants to trade forex.
After some demo
trading, she realizes that she likes trading the EUR/USD pair the most, and
feels most comfortable looking at the 1-hour chart. She thinks that the
15-minute charts are too fast while the 4-hour take too long – after all, she
needs her beauty sleep.
The first thing
that Cinderella does is move up to check out the 4-hour chart of EUR/USD. This
will help her determine the overall trend.
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