Time frame?

One thing I've been wondering as I read these posts, books, web pages is what time frame for a trade folks are usually working with. Is it a get in quick/get out quick kind of deal? Or looking for a trend that might last hours? Days? Depends on conditions at the time?

I've made several trades on my demo account and 3 of them I left open when I went to work. I would be fired for checking it from work, so I had to wait until I got home to see where they were. And you can guess what happened. Trades were automatically closed out, but then went the direction I thought they would. I'm glad this was a demo account!

Is forex trading not going to work with a full time job? Or should I close trades before I go to work? Suggestions?

Squid

Trading longer term charts is the secret. For those who work full time jobs, but have the ability to check charts every few hours, then you can trade from the 4 hour charts. But, if, as in your case, it is not possible to trade from work at all, then you need to move up to daily and weekly charts.

Sure, you wont get as many trades, but your spread costs will be lower, as will your stress levels. Even if you only get one or two trades a month then you're in good shape, because trades on longer term charts, while less frequent, are also bigger pip wise. So, it is reasonable to expect to get 200 pips in a month with these few trades. This works out to an average of 10 pips per day, without the stress of trying to actually get 10 pips each and every day.

And 200 pips a month at a fixed 5:1 leverage and using a 60 pip stop will give you an equity increase of 5% per month. That will make you rich over time through the magic of compounding.

You can make money trading just daily charts using only pin bars. Dirt simple and doesn't take much time. See the James16 Chart Thread for more details on doing this. James16 is scary good, with 22 years of trading experience. Learn from him, and you'll never be sorry.

Dial

l want to know more about james 16 thread. l want to trade on longer time because of the nature of my job.

http://www.forexfactory.com/showthread.php?t=2331

Hey dego, {&, if no-one has said it yet, Welcome to "The Factory"} This post alone gives me confidence in your learning ability & techniques.

You found an 18 month old Topic that related to what you were trying to learn more about. This says to me that you most probably "Searched" for your answers.

Good Fortune to you.