TRADER INSIGHT
Want Aspen's recommendations for well-composed trading ideas? Request your free trial!
In the previous two installments of this ongoing series of FX Trading
Basics I outlined the methods I use for determining the trend. In
today’s installment I want to discuss, how I combine multiple time
frame analysis and stochastics in identifying high probability set-ups
versus low probability set-ups.
First, some bullet points to outline my thoughts:
1. Higher time frames, generally, but not always, take precedent over lower time frames.
2. Stochastics, for me, are a filtering mechanism; not a timing mechanism. (...)
First, some bullet points to outline my thoughts:
1. Higher time frames, generally, but not always, take precedent over lower time frames.
2. Stochastics, for me, are a filtering mechanism; not a timing mechanism. (...)
