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RE: Why I recomend 1hour candle charts, if your a new trader..

in #trading7 years ago

There are no comissions to worrie about so layer.. put a small order at your bottom line and then bigger and bigger orders below it.. and every so often you will get a spike down for 2 seconds and get instant profit.. but if you dont get a spike, well atleast youll pick a little up at your line and sell at your top line.. oh and layer out also incase you get a top spike..
BTW i just looked at this exact chart on my charting and i see some drop spikes to .0001 several times.. so make sure you layer a little orders down there.. and you will get 3 to 5 times your money when they happen

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Great! I will do the layering , thanks a lot!!!