Good evening, Traders!
If you follow along as I set up my futures trades (and if you don't, you totally should), you've noticed that timeframe charts play a crucial role in helping us find the direction, price, and entry opportunity in a market.
But a lot of people don't fully understand what a timeframe analysis is and how it works. In reality, they're just snapshots of a market's price movement within a specific time range. And it's those price movements that help us set up a trade.
For example, the monthly timeframe helps us find the overall direction of a market. Is the market in an uptrend or a downtrend? The monthly timeframe answers that question.
The daily timeframe allows us to confirm the high and low prices of a market. Knowing the high and low prices is important to narrow down our buying opportunities.
Finally, the one-hour timeframe is what we used to find the buy zone and how to set up our trade plan to make money in the market!
Timeframes are indispensable tools in our daily trading analysis, especially when the market is making a lot of movement over a short period of time. To learn more about timeframe analysis and how I set up my trades, check out my trading resources!
Keep moving forward! Josh Martinez
We'll have to learn several terminologies if we want to thrive when trading stocks, and one of these terms is U-turn. The signal that reflects a 180-degree change in the sentiment of the market, signaling us to buy, is called a U-turn. Mindset Wisdom: Ten For 10 Manage your 10-minute trade with a 10-year perspective. You're not going to win it all in one trade, but you can sure as heck lose it all in a single trade! Why not take a long-term view of your trading - starting with the next 10 years? What do you want to make in a year, month, week, or even a day? How much are you willing to risk to get yourself there? If you're rolling into any trade without knowing that or without a plan to get yourself through AT LEAST the next year, how are you going to get through the next ten minutes? And don't even worry about the next ten years! Work up a plan and let our teams review it with you. Start with risk, then move to your process, and then finally focus on the profits.
If you'd liked to talk with one of our Reps, feel free to call us at 888-483-5161
© 2021 Traders Agency. All Rights Reserved. 20 North Orange Avenue, Unit 1100 Orlando, Florida 32801
If for any reason you believe you received this email in error, you can safely ignore it, or click here to unsubscribe.
THIS MATERIAL IS OFFERED FOR EDUCATIONAL AND GENERAL INFORMATIONAL PURPOSES ONLY. NO INVESTMENT ADVICE OFFERED. This is an advertisement for online information courses, workshops, classes and other educational programs relating to finance and investing. It is not an advertisement for investment advice. Pursuant to FTC regulations and federal law, Traders Agency, LLC intends for the information in this advertisement to be truthful and not misleading. Accordingly, any and all readers of this advertisement (this means you) are fully informed that none of the information, material, or courses that Traders Agency, LLC offers constitute investment advice as defined by the SEC and by federal law. These materials do not take into account a subscriber's (this means your) particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation (this means to you) for the purchase or sale of any security or investment strategy. Under SEC regulations and federal law, the purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a registered/licensed industry representative such as, but not limited to, a registered investment advisor. It is very important to do your own analysis before making any investment based on your own personal circumstances. Investing involves substantial risk and results are not guaranteed. Neither Traders Agency, LLC nor its principals or affiliates are registered investment, legal, or tax advisors or broker/dealers. Traders Agency, LLC is not registered with the SEC or licensed as an investment adviser. We do not offer investment or financial advice. Individual subscribers (this means you) are solely responsible for confirming the accuracy and appropriateness of the provided information for their own uses with their personal tax, finance, or legal advisor. INVESTING INVOLVES RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. RESULTS ARE NOT GUARANTEED. |
May 10 | Understanding timeframe analysis
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment