Thanks, Ken. longer time frame always easy to trade.
Yes, I find the longer term charts much easier to trade, the fundamental trends hold longer and I have more time to reconsider my position. I often set a trade up and come back and see things I missed the first time.
Unfortunately, in Forex, as opposite to the stock market, a long term trade needs more capital and a short term trade needs less. I still havent funded my account heavily enough to support much long term trading, and 1 micro lot is not very satisfying. I was kind of hoping my short term trading would work out well enough to grow the funding without transfering money from my other accounts.
for the link. I just watched the video and put even more charts to my MT4....
so I used some majors with 15M and yes, clearly see these swings without any indicator, just Stoch. Looks very good too and I will put this to my trading system too, as you said, great stuff
always good trading
Dont overload your charts with information, or overload your profile with too many charts. It just confuses things.
I particularly liked these videos because they clearly explained many things that I find valulable, and a style of trading that I feel is very profitable. His webinars are also informative, but long to watch.
This style of swing trading is fairly common in most swing trading books. I generally tend to drop down a time frame for the detail and treat it as a short term trend or longer term swing, and I use more Fibonacci measurments and Elliot Wave analysis than he does, but the basic principles of entering on a fractal reversal breakout and not a breakout to new highs is very sound, as are his use of whole numbers as targets.
If you liked these check out the videos from Don Steinitz on his fractal breakout system, forexrobottrader.com. His system is very similar, and his free videos are very good.