Speaking of TF, i am using a 4hr chart to guide me in stocks and currencies for longer period since now i am working and don't have time to monitor the market. So, guys do your own DD wisely!
Added on November 4, 2008, 3:49 amQUOTE(dreams_achiever @ Nov 3 2008, 08:26 AM)
Oppss..using wrong strategy liao.
Actually previous post is talking about what usual currency pair that i will trade and not about forex strategy

Yup, true.
Im using Triple screen trading strategy. View longer term first(weekly/daily) before zooming into hourly timeframe.
-> erm..later refer back to note to recall back
Thanks for your kind reminder

Added on November 3, 2008, 11:30 pm@orangysb
By referring to my post #1696, i did attach chart on AUD/USD.
Based on chart, it is forming double bottom, below 50MA and forming descending triangle (erm..maybe too technical term for u. Hope you understand

)
From fundamental view, this week will have AUD data out. Mostly will be negative. So it is time to short.
You would want to close your short positions, believe me all these bad news for AUD has been priced in. Look at the daily chart for the currency pairs.
IF you guys are scalping, yeah then you might want to short and take some pips here and there. But there's a reversal coming.
This post has been edited by AdamG1981: Nov 4 2008, 03:49 AM