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[Previous entry: "FibMaster USD/JPY Forex update 2006/05/22"] [Main Index] [Next entry: "Trading FOREX is tough!"]
06/04/2006 Archived Entry: "My usage of the 3 period rule. Intraday."
Neal,
I was wondering whether you could answer this question if you have the time, I am trading using your methodology in all your videos, and also use dinapoli principles. Regarding the 3 period rule do you use it on the higher level trend chart or on the lower level trigger chart . I trade forex using weekly chart context, daily chart (trend), 189 chart entry ?
Regards
Peter
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Hi Peter, The 3-period rule is on the lower time-frame. You can allow flexibility, say 4 or 5 period rule if the chart looks ideal on entry. But don't be vulnerable to emotions, decide before you enter. Remember that you can always re-enter, better to get out and reconsider if the chart is not behaving "right". FYI, I'll post this on the member web pages
http://www.fibmarkets.com/mem/ -Neal.
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