Accurate Forex Signals

Welcome to the exciting world of technical analysis (more like technical confusion for some when you starting out)…

Knowing how to use Time frames effectively are a very important part of a traders arsenal and believe me there is an order to this… let me explain, to start off with, you must have a trading time frame that you stick to, in other words you always use this to enter your trades, lets say that this is a 10 minutes chart.

There are two basic and very important requirements that must apply here- the first one is you must look at two or more higher time frames to determine the major move / trend, in other words this should prevent you from trading against the major move or trend on your 10 minute time frame.

The second one – is before you decide to place your trade on the 10 minute chart, you must look at a lower time frame for confirmation and timing of the entry.. a classical example from my trading experience is that of a “retracement ” (lets suppose in this example, we are looking at an uptrending market) on a 10 minute trending chart the “retracement” will be be confirmed, and will show as an “oversold signal” on a 5 minute trading chart.

In other words the 5 minute chart has confirmed that this is a retracement and the up trend will continue (with the highest possible probability)!

Take a peek at my web site link in the resource box below for more of an insight on time frames and trading strategies

If you feel that you definitely have a need to learn clear trading strategies, then take a look at my web site http://www.chart-my-trade.com/stockmarketeducation.html here I demonstrate simple but powerful trading techniques using text, pictures and lots of video content

Good luck and success in your trading!