Comment:
look at this dilema:
the smaller your market-capitalization , the smaller the time-frame you ought to use (in order to get a decent amount of profit) but the larger the risk you are taking.
the smaller your market-capitalization , the smaller the time-frame you ought to use (in order to get a decent amount of profit) but the larger the risk you are taking.
Comment:
there are 2 solution to this problem:
one: u try to be as smart as u can , so u will not be stopped out a lot.
(here u are using hourly time-frame)
two: u are happy with boring slowly building profits.
(here u are using daily or 2d time frame)
one: u try to be as smart as u can , so u will not be stopped out a lot.
(here u are using hourly time-frame)
two: u are happy with boring slowly building profits.
(here u are using daily or 2d time frame)
Comment:
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assuming the above chart is perfectly true.
if one is trading the hourly charts, the above chart(forecast) is meaningless to him..
that is it almost carry no value.
because hourly trading has to be based on hourly charts. and an hourly-chart of say nzdusd is a completely different universe then the above chart.(dare 2months).
--------
assuming the above chart is perfectly true.
if one is trading the hourly charts, the above chart(forecast) is meaningless to him..
that is it almost carry no value.
because hourly trading has to be based on hourly charts. and an hourly-chart of say nzdusd is a completely different universe then the above chart.(dare 2months).
--------
Comment:
who don't we just analyse a 5-minute chart and Trade it..?!
-------good question
u see , we keep this daily or 4h chart in our memory for long time to come .. and the chart data is still usefull to us .
but this 5-minute chart, every hour you have a completely different picture.
that is one of many reasons.
another reason :
how many times you see what looks like a crash on a monthly-chart ..?!
(may be only once or twice as maximum)
open a 5-minute chart of the same pair (instrument) and see how many times
it had a serious crash. ( a lot of times)
------------
-------good question
u see , we keep this daily or 4h chart in our memory for long time to come .. and the chart data is still usefull to us .
but this 5-minute chart, every hour you have a completely different picture.
that is one of many reasons.
another reason :
how many times you see what looks like a crash on a monthly-chart ..?!
(may be only once or twice as maximum)
open a 5-minute chart of the same pair (instrument) and see how many times
it had a serious crash. ( a lot of times)
------------
"wave-5 here may be much faster, because it needs to reach its destiny before dxy ultimately reverses to the upside."