Advice needed on fx trading...please?

[aurora]

Hi

This my first thread..

I've just recently setup eSignal efs.

At present I have been following (just paper trading) the main fx currency pairs on the 60 min charts.

I have noticed that on quite a few occassions the abc setup the efs churns out would have stopped me out had I taken the trade.

How do you guys trading fx via esignal mtpredictor efs trade the signals churned out on 60 minutes charts?

Also please recommend which fx currency pairs I should be concentrating on?

Should I just concentrate on the 240 minute time frame?

Are the efs configurable in eSignal? If so how..


Any other advice much appreciated..

Cheers

[Tony Beckwith]

Aurora

First of all, please do make sure you are only taking the abc trade set-ups with an actual blue or red signal bar at Wave Price Target (WPT) support/resistance and, preferably, with a strong risk/reward outlook.

As for tradable forex pairs, this link will help you decide which are suitable for you personally, given spreads etc.: http://www.pacifictrader.co.uk/forex_cm.asp (note, we are not recommending this service - info only).

Our very best forex traders tend to focus on timeframes from 15mins up - including 30/60/120/240/480...

I hope this helps?

Thanks

Tony.