thread: How do I move forward?

click on the pipsforlife and find it out... good luck.

That doesnt answer what I asked about 1 daily dose per 12 hours. Would really like to know more about that

Thus, every 12 hours per new'daily' candle should be formed? Never heard about that.
Do some just have 1 candle per 24 hours with rollover at 0500 EST?
Need some assistance, this can be pretty overpowering
Finoli

No, you don't have to do anything; only a suggestion as to resolve your issue about checking charts at 02:00 by showing distinct choices.

Checking the charts twice a day works for me - it might not work for you; depends on what sort of trading you will do, but seems to me that longer time frames can suit you.

Where are you in relation to London Open, time wise that is? Are you currently able to trade during that time? Do you wish to own scalp 5 minutes charts, or position commerce 4 hour charts? long term daily charts?

12 Hour charts will be standard in another version, thankfully!

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Where are you in terms of London Open, time wise that is? Are you currently able to trade during that time? Do you want to scalp 5 minutes charts, or position commerce 4 hour charts? Long term daily charts

My timezone is GMT 1 (Sweden) and my brokers timezone is GMT-1 (I'm guessing around Spain)

I was hooked on M5 charts, but I no longer have enough opportunity to check at them. I tend to Remain at H1, H4 and D1. I Would like to stay away from H1 as far as you can, as H1 I'm guess should be more used for entry compared to analysis if you're trading midterm

Therefore, trading daily charts is a bit of a puzzle to me. How do you guys deal with it?


Finoli

Daily is just a figure of speech for me. When I'm trading 2-5 day cycles, I mostly use intraday charts. My go to chart for exectution is the 1h. I compress these pretty little so it's basically a more comprehensive daily chart.

There are a lot of hours at a daily bar for me to time an entry/exit off of a daily bar. Maybe if I had been trading monthly/weekly charts, I'd use the daily as the execution time frame.

Some advice in this thread. . Stickyyyy!!

Some ailing advice in this thread. . Stickyyyy!!

Daily is just a figure of speech for me personally. When I am trading 2-5 day cycles, I mostly use intraday charts. My go to chart for exectution is your 1h. I compress these pretty small so it's basically a more detailed daily chart.

You will find a lot of hours in a daily pub for me to time an entry/exit off of a daily pub. Perhaps if I were trading monthly/weekly charts, I'd utilize the daily as the implementation time period.

Is Reasonable. .
But occasionally it seems like I can't predict daily trends on timeframes smaller compared to days. Seems to mee that I must await daily candle to shut for me to be able to generate an informed decision. .
Will experiment a lot more with daily charts, will share how it plays out.

My timezone is GMT 1 (Sweden) and also my brokers timezone is GMT-1 (I'm guessing around Spain)


Finoli

Get NY closing charts, these close at 10PM UK timeI believe your 1hr ahead of me so is 11PM. Try FXDD MT4 Demo they have 5day NY close charts and just execute trades with your broker.

makes sense. .
But sometimes it looks like I can't predict daily tendencies on timeframes smaller compared to days. Appears to mee I have to await daily candle to close for me to be able to generate an informed choice. .
Will experiment a lot more with daily charts, will share how it performs.


Finoli

Many Individuals do some variation of the. A slower TF to select the trend, a faster TF to opt to trade, and a much faster one to enter.

Makes sense. .
But sometimes it seems like I can not predict daily trends on timeframes smaller compared to days. Seems to me that I must await daily candle to close for me to be able to make an informed decision. .
Will experiment a lot more with daily charts, will share how it performs.


Finoli

Read threads like this, system originator still supporting with daily posts -gt; Easy no pressure daily charts