Strategy Video: A Short and Long-Term Look at the Majors

By DailyFx | May 26, 2014 AAA

Talking Points:

• When we focus too much on the short-term trading picture, we can be slow to respond to major trend changes

• Just as critical, a long-term preoccupation can lead us to miss great and timely trades

• We look at both the shorter and longer-term view of EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, NZDUSD

Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.

It is necessary when trading to adapt to the markets as they change. One aspect of that flexibility is trading the market type we are faced with while also recognizing when bigger changes in trend or activity level occur. A means for keeping grounded on both sides is to regularly review a 'shorter' and 'higher' time frame view of the pair or market you are trading. We do just that for all the majors in today's Trading Video.

Sign up for John’s email distribution list, here.

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    US NFP expected to rise by 260K - RBS

  2. Forex News

    NFP Setups in Focus- USD Breakout Plays

  3. Forex News

    EUR/USD dropped below the 1.10 level - FXStreet

  4. Forex News

    USD/JPY: Sentiment remains bearish - Scotiabank

  5. Forex News

    EUR/USD bounces off 1.0990

Trading Center