DislikedHere is a trade I took last night at 8:00GMT or in the middle of the night for me. I'm thinking about posting most of my trades live for a little while to shut some people up, but I'm not sure if I'm ever going to do it at that hour, other than to state my entry. However, it will not be forever b/c the point of this whole forum is to learn.
The 1st chart is of the daily. I always start my trades from there. You can see the morning star candle formation indicating higher prices to come. You can also see the hammer candle off the 200 MA (orange MA)....Ignored
Just ignore him, these types of ppl they r not happy with their lives so they want to be somebody by criticizism,complaining & etc.... then they r very happy. So let them be.
Thanks for the charts but I've had some doubt in my mind quite a while how to trade daily chart? If it's possible then it's very good cos I can just look at the chart for 1-2 hrs a day to trade.
My questions are:-
1. Macd is not so important anymore? Alternatively we pay attention to PA,candle formations, S/R, Trend line & MAs ?
2. from daily chart straight to 1hr chart to enter - no 4hrs chart?
I like to trade daily. Do you take the same rules(4hrs MACD) for daily TF?