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Thread: Which chart is more useful to trade?

  1. #11
    Member zoomfire will become famous soon enough zoomfire's Avatar
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    since i am swing trader,mostly i will use 1h or 4h charts.
    sometimes i will use smaller or bigger time frames than this.
    it all depends upon the style of trading and the need of the hour.so almost all charts are useful in its own way.

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    Member blackprince4u will become famous soon enough blackprince4u's Avatar
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    I like M15 and M30 charts because i don't keep my trades open for long and also my teke profit is small like 5-10 pips so these tf are better for my scalping style strategies.

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    Banned pivot-trader will become famous soon enough pivot-trader's Avatar
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    Quote Originally Posted by blackprince4u View Post
    I like M15 and M30 charts because i don't keep my trades open for long and also my teke profit is small like 5-10 pips so these tf are better for my scalping style strategies.
    yups, take small pips but repeat it again. this is the power of scalping strategy. i like u too, use scalping strategy.

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    Member zoomfire will become famous soon enough zoomfire's Avatar
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    Quote Originally Posted by blackprince4u View Post
    I like M15 and M30 charts because i don't keep my trades open for long and also my teke profit is small like 5-10 pips so these tf are better for my scalping style strategies.
    Yes but for 5-10pips,even 30m chart is too high.
    for scalping 5m and 15m chart is the most convenient one.maybe you can just see the patterns in 30m but you should see quickly and decide as scalping should be done in minutes.

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    Quote Originally Posted by zoomfire View Post
    Yes but for 5-10pips,even 30m chart is too high.
    for scalping 5m and 15m chart is the most convenient one.maybe you can just see the patterns in 30m but you should see quickly and decide as scalping should be done in minutes.
    I use that charts just to be on safe side because on small tf trend changes are rapid so one opposite candle can bring loss in place of profit and also the signal on big tf is stronger than on small tf. Thats what i think. everyone has his own logic so may be most people won't agree with me

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    Banned denira will become famous soon enough denira's Avatar
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    Quote Originally Posted by blackprince4u View Post
    I use that charts just to be on safe side because on small tf trend changes are rapid so one opposite candle can bring loss in place of profit and also the signal on big tf is stronger than on small tf. Thats what i think. everyone has his own logic so may be most people won't agree with me
    I agree with your friend that when we entered the small TF at least not opposed to a bigger let alone the basis of our analysis is to use the candlestick to enter the market

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    Banned arjun will become famous soon enough arjun will become famous soon enough arjun's Avatar
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    I think the most useful chart is the chart H4 TF, because TF has become my default.
    but I also use other TF, so I think all the chart handy.

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    Hello friend. You can use all charts for analyzing the trend. But, i use only h1 for trading. We may also know the movements and tension free chart is H1.
    If you use lower than h1, we may misunderstand the movements as reversal movements by any chance.
    Quote Originally Posted by soumen View Post
    usually I dont use h4 or day time frame.
    Me too.

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    Quote Originally Posted by arjun View Post
    I think the most useful chart is the chart H4 TF, because TF has become my default.
    but I also use other TF, so I think all the chart handy.
    H4 is for long term trading and also it gives you more pips.But it is advisable to close your trade when you have got enough profit and might be in your greed you lose the gained profit.

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    Member pinpin is on a distinguished road pinpin's Avatar
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    Quote Originally Posted by zoomfire View Post
    Yes but for 5-10pips,even 30m chart is too high.
    for scalping 5m and 15m chart is the most convenient one.maybe you can just see the patterns in 30m but you should see quickly and decide as scalping should be done in minutes.
    yes I agree with you
    time frame M30 is less good if only looking for 5 pips
    I think it would take a long time to find the right time to entry
    m5 and M15 are good for scalping

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