I trade mainly off the daily charts, and I teach my students to do the same. If you want to have a realistic chance at making a living as a trader, you need to master trading the daily charts before all else. This is one of the most important pieces of the puzzle of being able to trade for a living.
The daily chart gives us the best combination of accuracy and frequency of price action trading setups. Meaning, you will get a much clearer, accurate, and more relevant view of a market’s price action on the daily chart than you will on any time frame below it. The weekly and monthly charts also provide a good clear view of a market’s overall movement, but they do not provide enough trade setups to be practical enough for the short to mid-term retail trader. The daily chart gives us enough trade-worthy setups each month to be able to make consistent money, while at the same time filtering out a lot of the “random” and less reliable trade signals of the lower time frames. So, the daily chart should be your primary or “core” price action trading chart.
Trading full-time is not about over-analyzing and over-trading, it’s about being a “sniper”; making sure everything is as “perfect” as it can be before risking your money. Combining this high-reward / low-risk “sniper” mentality with a high-probability trading strategy like price action, is your edge in the market, and you must learn to trade the price action setups that I teach on the daily chart first. Focusing your efforts on trading higher time frames will give you a much better perspective on the markets and will greatly reduce the amount of trading mistakes you make.
plz send me your course details
Please send me the course details
Bramesh ji..could you please send me the course fee and details.I am interested to join your course.
pl mail me course fee, thanks
Where are we going to get candlestick Pattern online
Can you please educate us on multiple time frame analysis especially about Trading Time Frame, Perspective Time Frame and Entry Time Frame ?
CA. Prakash Tanak
I cover the same in my trading course which i conduct on 1-1 basis.
Ramesh Sir…. Please send me all course and fee structure to me. Thanks… Prakash T
Barmesh ji you are best and fully devoted to investor in free
very educative mind boggling