i am still a tight schedule till the first week of July. After that i will start looking at the charts more and posting my traders.
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i am still a tight schedule till the first week of July. After that i will start looking at the charts more and posting my traders.
I love to trade with hour 1 chart but if i trade a very shor trade then i usually use 15 min chart this two types of chart help me to trade usually i dont use hour 4
I feel all charts form 1M to 4H are very useful as we may need to check them to find out the short and major resistance and support levels - for that i just keep on changing the peirodicity and i get good idea for where the market may go.
chart you use of course depends on your trading style, for example you are a scalper then use the chart with a small time frame to enter the market, while for those of you a day trader then you will need a chart with a time frame that rely more likely to enter the market
Since the first day of trading, i only used the candlestick chart because of its many advantages as well as mostly of the traders are using it too. well i learnt it from an online seminar in which candle gives you a clear look about the market and helps more in scalping.
---------- Post added at 02:48 AM ---------- Previous post was at 12:11 AM ----------
Well i think that chart H4 for is good as it gives you a clear inforamtion about the supports and resistance also in trends to which give us a good idea on how the market will behave also M15 and M5 are profitable for scalpers as i see in many posts.
I think if we trading with long time base then surely better to choose 4h and day time frame but if we only trade with scalping process then all time i choose 30min and 1hr char also 4h too so you can also cheek same strategy that i used.
every chart has its peculiar characteristics and all of them must be check frequently and analyzed to a have a good grasp of the market. i a short term trader even then i used the 15m charts
May ve apke jesa isse char follow kerta hu. isse chart me may ve apke jasa information leke mayera trade kerta hou.
The charts we use depend on the strategy we use,Scalpers use 5 min or 15 min ,I like ti trade only 1 H or 4 Hour charts that show some good movement and easy to trade.However smaller time frames are also good.
the best chart to trade is the daily chart , it has many advantages it is very respectable chart . the only disadvantage of it is that is doesn't allow us to get profit fast