FACT: Trading higher time frames produce more reliable buy and sell signal on any manual trading system
Trading the Forex charts minute by minute is not that wise. Although you learn more about real time price action, when you’re trading real money, it makes your heart beat faster and your mind starts churning and mulling over stuff that really doesn’t matter — in the end, its just normal, random blips of everyday price action. I believe the real nature of solid market trending patterns truly begin to reveal themselves on the hour chart – the market sort of “lets its hair down” and its true colors emerge.
The hour chart is about the lowest time frame I really trust to produce reliable buy and sell signals. My simple non lagging trend indicator more accurately depicts the reversal of price direction on the hour chart, as opposed to lower time frames, because greater time and price action data is gathered, which allows more reliable buy/sell trigger signals. You can enter the market very confidently, knowing that momentum has truly shifted and is now beginning to accelerate, favoring your trading decision. You can’t beat this style of market entry, because you are entering the market with the wind at your back!
So, rather than trust small time frames to determine market direction, I use the hour chart as a quick visual check whether to place a trade or not. I check the chart just minutes before every hour begins. Then I make a trading decision based on how the candlestick closes, along with the help of the visual cues of my other indicators. I spend about 3-5 minutes viewing the market every hour and that’s roughly 30 minutes a day trading part time. After a quick assessment of the closing hourly price action, I have 4 possible trading choices, and my trading rules along with the buy/sell signals generated, tell me how to make the best choice. If you trade higher time frames, with well timed entries, you can have the best of both worlds – higher rewards and lower risk. Trading higher time frames is more profitable in the long run, because you get less false buy/sell signals! Let my fine tuned manual trading system take the emotional stress out of your trading — you won’t be a slave to any computer monitor anymore! Let my system teach you how to work smart and make more consistent profits!
My System has accurate buy/sell trigger signals because it is made up of essentially non lagging indicators!
Simple to utilize – when 2ppMA crosses the 3ppMA you buy if crosses up, or sell if crosses down, if the Non Lag AMA Trend Indicator confirms to buy if blue, or sell if red!
Simple visual indicators can be checked once an hour, and trading rules will dictate if and how to enter a trade or not!
Now quit dreaming, and start reading my eBook, complete with trading rules, charting illustrations, advanced strategies and my most successful MT4 personal template you may download today and start profiting from my simple manual stress free trading system!