All,
Hope this is the right forum to post this question but here goes:
I have recently done an introductory course on FOREX and the main strategy used was something called the Impulse Pull Back Strategy based on a 15 minute time frame.
The course taught how to analyse the charts etc and of course this is a manual process looking for the appropriate signals and placing your order/trade.
I know there are tools programs that can be used to automate these processes however I want to be in a position to do this process manually so that I actually understand what I'm doing first.
So my question is on the basis that this strategy (Impulse Pull Back) is using a 15 minute time frame does that mean that I have 15 minutes or less to do my analysis of a pair and place my trade because after 15 minutes the candlestick charts will change?
Hope this makes sense.
Thanks
Hope this is the right forum to post this question but here goes:
I have recently done an introductory course on FOREX and the main strategy used was something called the Impulse Pull Back Strategy based on a 15 minute time frame.
The course taught how to analyse the charts etc and of course this is a manual process looking for the appropriate signals and placing your order/trade.
I know there are tools programs that can be used to automate these processes however I want to be in a position to do this process manually so that I actually understand what I'm doing first.
So my question is on the basis that this strategy (Impulse Pull Back) is using a 15 minute time frame does that mean that I have 15 minutes or less to do my analysis of a pair and place my trade because after 15 minutes the candlestick charts will change?
Hope this makes sense.
Thanks