[quote Make sure you get the monthly direction right! Let's say you think USD/CHF is going to go down. But then it is actually going up more often than not during the month. Then you wouldn't trade USD/CHF. You would wait till USD/CHF starts to go down again. Happy pipping![/quote]
I rather look at the weekly trend. Even if you zoom in you get about 50 candles on your chart, about a year.
My point is that on the monthly chart you might think that the trend is strong, but you cant see that the pair has been in a range for the last few weeks, which might continue for a while. It might save you a few losing trades by concentrating on other pairs.
I like you style
I rather look at the weekly trend. Even if you zoom in you get about 50 candles on your chart, about a year.
My point is that on the monthly chart you might think that the trend is strong, but you cant see that the pair has been in a range for the last few weeks, which might continue for a while. It might save you a few losing trades by concentrating on other pairs.
I like you style