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 Post subject: Some beginners questions.
PostPosted: Fri Nov 27, 2009 3:20 pm 
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Joined: Wed Nov 25, 2009 11:01 am
Posts: 8
Hallo.
I am new to the forum, I am from Sweden, and I just joined the program and try to learn by reading all the articles (very good) and all the analysis whe receave .The forum is also a good source of information I think.
Most of the analysis is done on week ,1 day and 4H chart. When you initiate a trade how do you do the timing. Are you just entering the trade when the candle cross the line or are you using 1h, 15 min or 5 min for the right timing of you trade.

// Dreveborn


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 Post subject: Re: Some beginners questions.
PostPosted: Fri Nov 27, 2009 3:41 pm 
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Joined: Sat Jul 04, 2009 9:07 pm
Posts: 1250
Hi Dreveborn,

We mainly use the daily and 4hrs breakout. I was used to have one hour breakout too, but it is a while I rarely refer to one hour chart due to excessive noise on this time frame.

So the answer is we wait for the 4hrs candles breakout. When a candle closes above/below a resistance/support line, we have a breakout. We do not use 15min or smaller time frames.

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