Price Charts: from 1 chartto a 4x4 grid.
A forex charting platform is where most traders start. In Prime Terminal the charts sit right next to the news, the bias and the calendar, so the chart is the last step of your decision, not the first.
You can run 1 big chart or a 4x4 grid, and save your layouts as templates.
What it shows
Price charts with the timeframes and settings you know, in layouts from 1x1 to 2x1, 2x2 and 4x4. Every layout can be saved and reused.
How to use it
Once your bias and context are clear, the chart answers 1 question: where do I enter, and where is my idea wrong? A 2x2 grid with your 3 candidates and 1 dollar index chart is a good start.
Use it in real trading
The tool informs the decision, it never makes it. Here is how it plays out on real trading days.
The bias is bearish and price reaches a clear resistance. You enter there with the stop above the level.
The idea is right but price is in the middle of the range. You wait for a level instead of forcing an entry.
Mistakes to avoid
- Starting with the chart before the context.
- Adding more indicators when trades fail.
- Using a 4x4 grid for markets you do not trade.
What makes it different
The charts sit in the same workspace as the macro context, so the chart is used for timing, which is what it does best.
Questions
Which layouts are available?
From 1 chart up to a 4x4 grid, or your own setup.
Can I save templates?
Yes, and switch between them in 1 click.
Do I still need another charting tool?
Most traders do their full routine inside the terminal.