G'day Lone Wolf,
Mate I think you are bang on the money with your comments. I guess I was getting a bit ahead of myself there and its excellent to hear that it can all be done from the setup timeframe chart. As you mentioned once I get that down pat I could focus on using the shorter time...
Thanks Ginar,
Some good info there much appreciated, That's the first time I have heard reference to "energy points" and "vibration" I see it must be a fibonaccitrader term.
Actually one of the trading books I have ordered is By Frank Dilernia called Market Trading Market Timing and I...
Thanks for your reply, interesting stuff and I am taking it on board, but I think perhaps my thread title "Timeframes used for Entry, Trade Management and Exit?" may be detracting from my underlying question from my original post:eek:
Of course perhaps I have asked my question in a confusing...
Thanks for your help,
Ok so there is really no need to enter or exit on a different chart that was used for the setup it can/should all be done on the setup chart from start to finish apart from initially looking at a longer timeframe first for trend identification?
1. Longer timeframe...
Much appreciated, I have a couple of books on order at the moment and I will keep this one in mind, what do you mean by "the book can be looked at inside" and "the middle of the table is hidden" ?
Thanks, the example timeframe I used was not the best by the sound of things:o and has thrown a spanner into the works of my underlying question, but the info you have given me is good to know.
Thanks for your reply.
I don't have a strategy yet, I am still trying to learn the basics. I realise I need to use stops and the reason I mentioned it in my question was because I want to know in which timeframe I should monitor them, (in the setup chart or the entry chart) or perhaps I would...
No I am not simming or back testing yet (more knowledge required), I am truly just unsure of how the time frames work from entry through to exit. The timeframe I spoke of was purely an uneducated example:o
Thanks for telling me what timeframes you use, I will keep that in mind for possible...
Hello to everyone,
I just noticed this thread and thought I may as well formally introduce myself :)
I am a proud Newbie/Wannabe trader :D
I am interested in trading the Fx market and I have started to read a few books on trading and looking at various trading related websites and...
Hi,
I am a newbie and I am interested mainly at this point in learning to trade the Fx market. I realise I have a lot to learn and a long way to go before opening a live account. Here is one of my first trading questions:o
Please correct my following understanding or lack there of :D...
Yeah, Its probably unlikely to happen, I reckon its pretty hard to get two or more country's to agree on anything, except perhaps going to war:p:
There would be a lot of forex traders looking for another market to trade though if it does ever happen.
Doh, here is the link I was talking about.
http://www.singleglobalcurrency.org/documents/FinancialWealthCreationViaCurrencyUnificationbyJohnEdmunds040709.ppt
I recently stumbled upon this link below, discussing currency unification and its possible advantages.
With all the money worldwide traded in the forex markets you would think there would be considerable opposition to unification.:eek:
Could globalisation realistically bring about one...
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