to me. But put on any chart, you know, because the way I learnt it, they were -- they
weren’t trading FX and they were trading other markets. So just take a look at it and
prove that to yourself.
Brian Short: Yeah, I’m going to quote Dale here. He says, “What a great confidence boost, confirmed everything. I’ve discovered for myself the lack of confidence to trust because nobody taught it to me. Thanks for a great webinar.” So thank you, Dale.
Shane Daly: So you can send --
you can send me an email, Dale, if you like. I wouldn’tmind knowing what you’re being more specific about. That’s a great confidence. I’mactually getting goose bumps. Thank you. Well, it did. I’m serious. I’m seriou
s.Brian Short: This is a technical --
tech question from Tom. “You seem to be using three
time frames 240-minutes, 60-minutes and which other?Shane Daly: Oh, okay. No, that was just for examples, okay? That was just for
example. We’re in
a pretty tough market right now and I could spend hours looking forexamples but just two. I look for the higher -- look for a higher time frame and a lowerone. So like I said if you want to trade a daily chart, look at the weekly chart first. Thoseex
act same the MACD, stochastics on a weekly and a daily. If you’re looking at 240,look at the daily chart. If you’re looking at a 60
-minute chart, we look at a 240 and it
doesn’t hurt to scrunch it up even a little bit just to find out where those big tu
rning pointsare and you look -- if one key here, look for the big moves. Those thrusting candles thatlike come out of nowhere. Look for those.
So just two, I just look at two. And if it could get more technical if you’re looking at if I
took a trade on an hourly chart using a four-hour trend, you can even go down to milk even more out of a 15-
minute chart but that’s just, you know, what that’s just looking this
is going to complicate things more.
Brian Short: Okay. We’re going to take just
a few more minutes here. If you have aquestion and you want it answered, I would ask that you type it again. A lot of questions
came in but we’re going to be able to get through all of them. So if there’s something
specific, pop it in and text here. W
e’ll take another five minute or so and get themanswered about. Myles is asking, “Do you ever use volume on your charts?”
Shane Daly: No. I trade FX and that’s centralized exchange so volume isn’t reallyhappen. I know there’s volume indicators out there they’re just
-- it --
you’renot going to find a proper volume. And when I trade price, I don’t use volume either. Idon’t use volume at all.
Brian Short: Ken is asking what a Forex broker you use?Shane Daly: I started with OANDA. I got caught up in the flash of the FXCM and Iwent back to OANDA. And then they transmute to the Canadian branch when all these
regulations came in but I like OANDA. It’s not a plug for them. I just
-- I know how big