I posted in the G/U thread that I would provide my methods for trading to all those who were interested. It's no holy grail, but merely what I feel to be a simple, effective way to analyze the market for GBP/USD.
I do analysis with metatrader 4 (many brokers offer demo accounts).
Trend is defined by the 4-hour and daily charts. No moving averages.
I look for trade setups on the 1-hour chart (this one has moving averages and a few other indicators), and refine my exact entries on the 1-minute chart when it's time.
The maximum stoploss I use is 30 pips. I look for quality in trading, not quantity.
I will trade with the trend and against it. Money is made both directions, but more is to be made with the trend.
That's enough for the intro I think.
I do analysis with metatrader 4 (many brokers offer demo accounts).
Trend is defined by the 4-hour and daily charts. No moving averages.
I look for trade setups on the 1-hour chart (this one has moving averages and a few other indicators), and refine my exact entries on the 1-minute chart when it's time.
The maximum stoploss I use is 30 pips. I look for quality in trading, not quantity.
I will trade with the trend and against it. Money is made both directions, but more is to be made with the trend.
That's enough for the intro I think.