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1) start looking at the daily, weekly, 4h,1h time frames
2) what way is the main trend?
3)what way is the market moving today?
4) drAW support and resistance on all time frames, use colors for the different timeframes so you do not get confused, from hourly and major points on daily/weekly
5) move to lower time frames 15m, 5m, also draw support/resistance here
6)now place trades in direction of todays trend for intraday trading, or use a larger stop for a longer period of trading.
7) only rule to remember is only enter from support/resistance lines
8)for added security of trade you can also add pivots, you will have a greater
odds of winning if both pivots and support/resistance are on your side
1) start looking at the daily, weekly, 4h,1h time frames
2) what way is the main trend?
3)what way is the market moving today?
4) drAW support and resistance on all time frames, use colors for the different timeframes so you do not get confused, from hourly and major points on daily/weekly
5) move to lower time frames 15m, 5m, also draw support/resistance here
6)now place trades in direction of todays trend for intraday trading, or use a larger stop for a longer period of trading.
7) only rule to remember is only enter from support/resistance lines
8)for added security of trade you can also add pivots, you will have a greater
odds of winning if both pivots and support/resistance are on your side
9) forget all the fancy indicators
what do you think will be a good SL and TP value for eur/usd.. intra day. now that the average range is 200pips.
Linear Mode
