SINGAPORE FOREX BROKER,FOREX BROKERS WITH BINARY OPTIONS,BEST FOREX BROKER ONLINE,NDD FOREX BROKERS,FOREX BROKER DIRECTORY Mapping our Time Frame-Section 7: Our Mapping Method Applied to a Longer Time-Frame Approach SINGAPORE FOREX BROKER,FOREX BROKERS WITH BINARY OPTIONS,BEST FOREX BROKER ONLINE,NDD FOREX BROKERS,FOREX BROKER DIRECTORY Section 7: Our Mapping Method Applied to a Longer Time-Frame Approach The mapping method can also be applied to longer term trading such as swing or position trading. Exactly the same principles apply as shorter term trading just we calculate levels in the longer term…easy! This is ideal for traders who do not want to devote as much time watching the charts or prefer the less frenetic pace of holding positions open for longer. Instead of calculating the daily PP of the prior session, we calculate the PP of the prior week. The weekly PP tells us about the longer-term sentiment. We also calculate HOPS´s and LOPS´s based on the weekly range. HOPS1 and LOPS1 will include the high and low of the previous week, while HOPS2 and LOPS2 will include the range of the week before the last week. Longer term trend identification [Chart 1] In this Chart, the market is trading above the W-PP, so we […]
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