The amount of the straddle could be 5 to 10 pips above and below the high and the low of the previous candle. The 5 to 15 minutes charts work well when using this approach. Trading away from a specific price level. Sometimes the price does not head in a specific direction at the time anticipated. Traders can use a specific price level such as the 8:00am GMT level as Sell and Buy Zone divider.
You would then buy when the price is above the email list price level or sell when the price is below the price level UNTIL the price finds its trend for the day. This can be monitored on the 5 to 15 minute charts 4. Scalping to find the market direction Traders often use scalping to find the market direction. There are many ways of scalping. A common method is to use a moving average (3 offset by 3) which provides great scalping opportunities until the market eventually finds its direction.
This approach is best used in more liquid markets such as the opening of Asian, Europe and US. You can use the 5 to 15 minute charts for this approach. The objective of this review is to create an awareness of the importance of time of day in Forex Trading. Technical analysis is a good tool for getting you into deals and exiting deals. Technical Analysis alone is not Forex trading.