The whole concept is to learn how to find high probability trades then move to
larger time frames to make more money.
There are two basic steps:
1. Find the trend on a larger time frame
2. Time your entry on a smaller time frame
Trend                         4hr            4hr or daily      daily
Target                    30 min      4 hr                  daily
Confirmation           15 min       1 hr                 4 hr
Trigger                      5 min        30 min          1 hr
Currencies traded      4 to 6         8 to 12           all your broker offers
Summary:
- Start trading in smaller time frames to get experience fast
- Trade with a small number of currencies at first
- IF you build a solid trading foundation you will know when to move to larger time               frames and increase the number of currencies you trade.