9 Tricks of the Successful Trader (3 of 9) 9 Tricks of the Successful Trader (5 of 9)

9 Tricks of the Successful Trader (4 of 9)

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Choose a longer time frame for direction analysis and a shorter time frame to time entry or exit. Many traders get confused because of conflicting information that occurs when looking at charts in different time frames. What shows up as a buying opportunity on a weekly chart could, in fact, show up as a sell signal on an intraday chart. Therefore, if you are taking your basic trading direction from a weekly chart and using a daily chart to time entry, be sure to synchronize the two. In other words, if the weekly chart is giving you a buy signal, wait until the daily chart also confirms a buy signal. Keep your timing in sync.
Source: http://www.investopedia.com/articles/forex/08/successful-trader-traits.asp