Monday, 13 June 2011

Look at the Big Picture, then Take Out the Microscope

I recommend identifying the weekly or daily trend, before zooming in on the 4-hourly or hourly chart to look for your entry and exit. Only enter in the direction of the daily trend. Too often though, new traders lose their way and start with the short-term charts to find a trade and then move up to the daily chart to justify their choice. 

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