LeMercenaire wrote:Mr. Hyde wrote:LeMercenaire wrote:
Never be afraid to ask if you are unsure. Sometimes it's easy to forget that just because we know what we've put on a chart and can see easily, it isn't always clear to others.
Lem is right feel free to ask anytime. I ask him a million questions and not only does he answer those, he always give me more info then even asked for. Now if he is willing to do that with me, then if is only fair to pass it on. The hightime frame overlays are just there one to see if trading with color, 2 the break of a 4hr low or high can be a good place to add to a position 3 the 1hr lets you see smaller time frame momo and then having it on the 15m gives you the ability to get in earlier on a trade.
You seem to do well just looking at a 4hr and 1hr chart timeframe and if that works for you then by all means practice and master it.
Also, always remember that you don't have to have it all on one chart as overlays. Reduce your charts and set the workspace up in thirds, or whatever. One third H4, one H1, then M15, all side-by-side.
You can even have MO's micro-charts down one side if that suits.
Point is - as Mr Hyde says, do what works for you.
Haha, exactly. Also be careful with all the overlays if you do go that route. They can kind of conceal the smaller time frame candles. I always make sure to have just plain naked charts to look at.
Or a 3rd and probably best option is just buy a bunch of moniters and put certain pairs and timeframes that you are watching on them and then have a nice big screen in front of you. Yea yea I know it can be pricey, but once your making that money to me its a good investment.