Quote:
|
Originally Posted by Everett
Further questions.
1. If I am trading on the 4 hour, should I only initiate entries in the daily trend direction or do I trade both ways?
2. What is the best pair for trading during the hours of 6pm to 12pm EST using this method?
Thanks again!
|
If you are trading on 4H then you need to follow daily trend.In Kolachi method , we always look for trend in one or two time frames higher than we are trading.
Usually yen pairs are movers in asian session.So you can use it on USD/JPY if you like it.
Regarding direction of trading, it depends on styule of trader.
I personally play bidirectional but the Kolachi Learneres have given me feed back that they still feel it premature to trader bidirectional so they play unidirectional.
No doubt playing bothways is rewarding and dangerous.
kolachi