Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. Forex Education
  4. Daily cart

Daily cart

Discussion started on Forex Education

Print
Pages: [1] 2 3 ... 7   Go Down

Goldcoin

  • Jr. Member
  • Posts: 99
  • Points: 0
  • Likes Received: 26
  • Reputation: +2/-0
In forex trading, there is an assumption that trading in a large time frame will be more profitable than a small time frame. One of the big time frames in question is the Daily Chart. So, is it true that trading with the Daily Chart is better than trading on other Charts?

Linkback: https://www.forex.zone/forex-education/29/daily-cart/2305/
#1 - July 28, 2019, 03:57:19 PM

Culun

  • Full Member
  • Posts: 166
  • Points: 0
  • Likes Received: 72
  • Reputation: +5/-0
Quote from: Goldcoin on July 28, 2019, 03:57:19 PM
In forex trading, there is an assumption that trading in a large time frame will be more profitable than a small time frame. One of the big time frames in question is the Daily Chart. So, is it true that trading with the Daily Chart is better than trading on other Charts?
Through trading with the Daily Chart, you can trade with a lower signal quantity, but the quality is higher.
If you have understood the Daily Chart, trading on the 4 hour or 1 hour chart will be easier and the chances of success are greater.
From the author experience, the under 1hour chart is too much noise, so information in the form of signals that are displayed is a lot that is wrong or misleading.
This is why, trading with Daily Chart is very effective to avoid the habit of Overtrading.
#2 - July 28, 2019, 04:56:53 PM

Lopata

  • Hero Member
  • Posts: 612
  • Points: 127
  • Likes Received: 36
  • Reputation: +2/-0
it is true, using a larger timeframe to see the state of the market globally is very profitable, because by using a large timeframe we can easily see the overall trend neatly and we will wait for the moment in a small timeframe
#3 - July 20, 2021, 03:04:55 AM

CR7

  • Hero Member
  • Posts: 518
  • Points: 400
  • Likes Received: 5
  • Reputation: +0/-4
daily charts are usually used for those whose trading style is long term, and this trading must use large capital so that our patience can pay off
#4 - July 31, 2021, 03:32:58 PM

Nanbass

  • Hero Member
  • Posts: 729
  • Points: 159
  • Likes Received: 52
  • Reputation: +3/-0
using daily candles is something that day traders use because indeed using daily genetics is better than using small candles So you really learn to master the candlesticks you need if you are a trader who is more comfortable for the day then you at least do use candles daily
#5 - August 27, 2021, 06:24:17 AM

Hokage

  • Hero Member
  • Posts: 530
  • Points: 17
  • Likes Received: 21
  • Reputation: +10/-4
using the daily time period is usually used for intraday traders because with a very short time in my opinion we should be able to really pay attention to this open position, so we should be able to use open positions well
#6 - August 30, 2021, 01:50:33 AM

self

  • Hero Member
  • Posts: 906
  • Points: 92
  • Likes Received: 64
  • Reputation: +4/-0
the use of daily charts is one type of trader who uses daily techniques so we can use the time period below it as confirmation of Open position for that problem we can use the respective indicators
#7 - September 09, 2021, 09:41:51 AM

Difiq

  • Hero Member
  • Posts: 691
  • Points: 2060
  • Likes Received: 41
  • Reputation: +2/-0
the use of daily chat is when we do daily trading because when we use the daily chart of course we will want to get profit every day But all that is not as easy as turning the hand so you like using techniques that can be used every day
#8 - September 17, 2021, 06:26:23 AM

Hokage

  • Hero Member
  • Posts: 530
  • Points: 17
  • Likes Received: 21
  • Reputation: +10/-4
using the daily chart is a good thing because by using or observing the daily chart you will be able to see that when it is up or down so you will be clear to determine Open positions in the shorter timeframe I like traders like that
#9 - September 20, 2021, 01:58:01 AM

Arsy

  • Full Member
  • Posts: 243
  • Points: 48
  • Likes Received: 6
  • Reputation: +0/-0
using daily charts is one of the characteristics of people who use day trading by using daily charts the possibility of you getting profits and losses as well as daily so you should take care so that you get benefits every day
#10 - September 22, 2021, 02:23:58 AM

Hokage

  • Hero Member
  • Posts: 530
  • Points: 17
  • Likes Received: 21
  • Reputation: +10/-4
using the daily timeframe is suitable for daily trading. When you decide to use daily candlesticks then you should be able to understand how the movement in one day using several indicators you can try it yourself later
#11 - September 22, 2021, 07:09:23 AM

Hokage

  • Hero Member
  • Posts: 530
  • Points: 17
  • Likes Received: 21
  • Reputation: +10/-4
the daily chart is suitable for daily trading and for those of you who like daily ratings, you can use daily candlesticks for your analysis, so it's best if you just learn to use candlesticks
#12 - September 23, 2021, 10:37:31 PM

Arsy

  • Full Member
  • Posts: 243
  • Points: 48
  • Likes Received: 6
  • Reputation: +0/-0
the daily chart is only used by traders who use daily analysis because by using daily analysis you will understand that using daily candles is important
#13 - September 27, 2021, 07:37:45 AM

bening89

  • Jr. Member
  • Posts: 52
  • Points: 557
  • Likes Received: 0
  • Reputation: +0/-0
I think the daily chart is very important. I myself always see patterns that occur on the daily chart if you want to enter the market.
#14 - September 27, 2021, 11:03:54 AM

Nanbass

  • Hero Member
  • Posts: 729
  • Points: 159
  • Likes Received: 52
  • Reputation: +3/-0
the daily chart is only suitable for daily trading because the purpose of the daily chart is to see the trend where we can see if the next day is today the price will go up or down
#15 - September 27, 2021, 11:13:23 PM
Print
Pages: [1] 2 3 ... 7   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. Forex Education
  4. Daily cart

Members:

0 Members and 2 Guests are viewing this topic.


Daily cart in Forex Education_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: