4/24/10
EUR/ JPY.
Here is a quick video on the 30 minute and 5 minute charts. Notice how the 30 minute charts gives us the bigger blue bars high to tell us to stop going long the 5 minute chart. This is just showing the indicators we use we are not showing the patterns that confirm the indicators which gives us even higher odds of success.
Then we break it down to the 5 minute chart and you can see how the 5 minute charts tells us the minor highs and lows within the bigger 30 minute chart. It is key to not only know the bigger direction but to have the tools to actually trade with them in a calculated way that can be repeated over and over again. That is where your confidence will get to the next level and you will be in full control of your trading.
Happy Trading,
www.eMiniSchool.com
P.S Unlike some charts where there is no exit signal we use a dynamic 3 stop method. The blue bars is one of them that is shown in this video. So for the 35 Pip Stop there was a actual sell signal to get us out with 214 PIPS!
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