This particular post is an observation that I’ve made and which you may find useful as well.

When it comes to intra-day trading of  Forex currencies, there’s a lot of emphasis these days on really short-term time periods of action.

Using the bars on 15-minute charts, 10-minute charts, 5-minute charts to try to ferret out some profitable plays has been one very popular approach.

It’s a juggling act bouncing from one time frame to another in an attempt to grab a small piece of the normal swings in the market.

Possibly, it’s an exercise in trying to reduce the risk per trade.

The problem there is that because of the nature of the very short time periods, there will be more trades than ever and the low-risk per trade accumulates to become a greater loss than a single trade taken at a much more reasonable, longer-term time period.

I’ve seen some programs go down to the one-minute bars to make their programmed plays or apply their techniques.

There are some other short-comings of this kind of close action and short-term activity in the Forex markets.

One of the most important is that this level of time frame requires the constant attention of the trader or investor.

While this is exciting stuff at times, I don’t want to become the slave of the screen and the markets and I don’t think you do either.

Trading can become a wonderful supplement or even substitute for other occupations.

But, if we turn trading into just another ‘job’ that requires our constant presence in the ‘workplace’ ( or trading room), we will have sacrificed the very freedom we were looking for trading to supply.

At too short a time frame of charting, one is in danger of becoming a captive of the computer screen and trading platform.

To escape that prospect, I’d like to propose that you consider stepping back to hourly observations and entry signals in the Forex markets.

Let’s take a quick glance at how hourly trends would have played out in one market over the last day.

While, I personally, prefer to stay with daily trending directions, let’s set that aside for now and look only at the view from the hourly level of timing.

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These are the kind of perceptive observations one can make if they step back a little from the volatile minute-by-minute action out there in the Forex markets.

We’ll discuss this some more with current examples in the days to come.

Until then, have a wonderful weekend away from the markets (yes, there is life outside the markets.:). - George

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Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis

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