Charts
Peter Bain use mainly daily , hourly, 15 minute, and five mintue charts. The daily chart will help you define the overall trend from a position trading point-of-view, and the hourly ( one hour ) char will give you a feel for the intraday trend. the 15 minute chart is used for entry and exit - with assistance from the five minute chart,where price is moving quickly, and you need to be closer to the action . Please not thaat the five minut is not to b used for scaling, as there is a lot of noise there, and your could easilty get whipsawed.
Make sure you are using charts that are generated from the same data source the feeds the dealing engine , as is the case with both platforms mentioned above. That way, what you see is what you get when you buy or sell. Some charting packages do not ccurately reflect where price is a at any give moment in time.
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