HI All.
Pardon me if I ask a silly question. I read in this forum, and also some books said that before we enter a trade. We need to check the following charts firts.
1. Day Chart.
2. Hour Chart
3. 30 Minutes Chart.
2.. 15 Minutes Chart.
3. 1 Minute Charts
Before we enter a position, after carefully analyze. (like a vulture. : first), is that right?
I am not quite sure. Since, 1 minute make up of several small waves. which make up of larger wave in hours, and which make up daily chart, right? :surprised So, we have to check the small waves in those minutes chart first before we check hour chart, right?
Now, I know I am silly.
I am confused!
Pardon me! Please give me some words of wisdom before I loose a ton of money like others before me.
Thank you very much.
Best Regards.
Forex Star.
Pardon me if I ask a silly question. I read in this forum, and also some books said that before we enter a trade. We need to check the following charts firts.
1. Day Chart.
2. Hour Chart
3. 30 Minutes Chart.
2.. 15 Minutes Chart.
3. 1 Minute Charts
Before we enter a position, after carefully analyze. (like a vulture. : first), is that right?
I am not quite sure. Since, 1 minute make up of several small waves. which make up of larger wave in hours, and which make up daily chart, right? :surprised So, we have to check the small waves in those minutes chart first before we check hour chart, right?
Now, I know I am silly.
I am confused!
Pardon me! Please give me some words of wisdom before I loose a ton of money like others before me.
Thank you very much.
Best Regards.
Forex Star.