Trading daily charts

Trading daily charts

Hi Nail, thanks for the twitter. Your trades are great. Wished i knew them before, now i just relax a bit and review a couple of trades i am in. Hopefully going full time soon on FX..Great job!

Daily Charts — TradingView

This Daily Chart Forex Trading Strategy  is a very simple Forex trading strategy that beginner Forex traders will find easy to use.  If you think that trading the daily chart fits your lifestyle better than intra-day trading, take this trading strategy for a spin

Why Trading the Daily Chart Will Make You A Better Trader

You are the Forex trading Wizard! I was trading in the 6 hour charts and it was killing me, so much anxiety, now I 8767 m following your suggestion to trade on the daily charts, and it 8767 s great! stress free! Thanks.

Trading Charts: Live Forex Charts

hello dear nail ,thanks alot for this lesson you said the fact, please keep it up i am still finding it difficult to draw the accurate holizontal line

In between a full blown trend change, we will get corrective moves and that is what this simple daily chart trading strategy wants to capitalize on.  We want to see price meet up with one of our Fibonacci levels and confirm with our stochastic oscillator.

• Over-trading When you look at every time frame available to you, you are naturally going to find more “signals”. However, signals on the lower time frames are naturally less reliable than signals on the daily chart because the daily chart works to “smooth” out the noise and randomness that can occur on time frames below it, thus showing you a more accurate picture of the market. This means you will trade less on the daily chart, but the trades you do take will naturally be higher-probability. So, in essence, you lose quantity, but you gain quality when trading the daily charts, not a bad trade-off when you consider your hard-earned cash is at stake.

• Over-analyzing You find yourself spending hours upon hours looking at numerous time frames and 75 different currency pairs. Eventually, you get tired and decide to enter a trade for no solid reason besides the fact that you have confused yourself to the point of exhaustion.

Brilliant advice from my mentor.
If anyone is on the fence and considering joining LTTTM , you are missing out big!
Nial has opened our eyes to so many 8775 aha 8776 moments, it is unbelieveable.
Great trading everyone and Happy and prosperous 7567

Hey Nial,
I feel like you were writing this for me!!
Im a newbie and started trading on the 5 min charts trying so hard and feeling anxious because of the timing of entry/ exit. Since reading your material I now realise I have to change and follow your sound basic fundamentals.
keep up the good postings,
A MILLION THANKS

Hello boss, to be sincere here, you cleared everything. You nail the snake on the head. I am currently experiencing every point you made here, as I am improving every day. You are such a genius trader who know and understand the language of forex business. Your articles are reliable and problem-solving. Thanks Nial here once again. I have looked around internet and found no other better forex site like yours. You make me feel a kind of real confidence in me and I am now seen future success in my trading career. Your article and design of your site is evergreen, man! I love you!

Hi Nial,
Very sound advice. Great course By the way. Very easy to understand. Patience is the key, I believe. Keep up the
good work.
Thanks
Sandy

The point is that you don't fire and forget after making your trade, but more the daily chart gives you a clue that traders on a higher timeframe are taking a position.

Tradingsim has over 69 different timeframes for you to practice day trading. We also have daily and weekly timeframes for you to out on the action in order to find prime trading opportunities.

Very intersting & knowledgeable. Earlier I was also trading in lower time frames but since a fews days ago, I swiched to daily, 9 h & 6 h. But since I cant put big stop loss, I find setups on LTF on the basis of HTFs.

Nial you are a true friend, thanks for your great course & community for all of us price action traders, it really has helped me and changed the way I trade. I loved this article, since starting to trade the daily timeframe charts everything has become clearer for me. thanks always. Linda

Hi Nial,
thanks very much for your articles. very insightful and educative.
I am totally new to fx and your article are easy to understand.
My challenge is how to identify where to enter the market and place a trade.
I will be glad if you can throw more light. on market entry strategy
SADE. (NIGERIA)

It 8767 s your loyal member Kristofer here, thanking you sincerely for your hard work and all your knowledge, thank you for sharing it with me and changing my life. I always am lookign forward to your lessons each week. Amazing is your dedication to us.

Note how the daily chart gives you less data to look at each day but it’s much more pertinent. The 85 minute chart gives you 98 times more data to look at since there are two 85 minute bars per hour in a 79 hour day. You are much better off learning to trade the daily charts so that you can see what all the market movement resulted in each day, rather than trying to analyze and make sense out of each little tick of the lower time frames….

Thank you Nial, You are a Hero here in Germany, a godsend for forex traders, your lessons and insight are so inspiring and life changing. Amazing lesson today for any trader. I agree with you, these daily charts are simple and clean, easy to understand.

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