Mr. Hyde wrote:LeMercenaire wrote:brettnchrism wrote:
Thats great, I need to practice more on forex but would like to trade other instruments also once I get it down and my confidence up.
So far Im learning a lot from everyones charts but I cant get used to all those custom candle ect.
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.