i think M1 is the best to entry in ther trade and then for long duration H1 is the best to check, H4 can be a also a one for long but H1 will be good
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i think M1 is the best to entry in ther trade and then for long duration H1 is the best to check, H4 can be a also a one for long but H1 will be good
it is best to follow a river in floods as here we can earn maximum profits, in a slow stream it is sometimes difficult as streams can change directions along the bends, but if the water just evaporates in a dessert it becomes even more difficult, so it is advisable to learn a fisherman's technique of collecting trading profits.
on minute and five minutes are better for scalping if your are a good scalper but I often use H1 which helpful for me I can easily analyse the current trend for 20 to 30 pips in one trade.
I prefer the 1 hour trend and the 4 hour trend for reference ; 1 hour trend is the best for intra day trading and it gives the best entry and exit signals ; my trade entry is however decided based on 5 minute charts
I use 1h tf trend. I think the trend is formed on a timeframe that is most optimal. no repaint. strength is also quite clear. and the profit generated is quite large. less than the timeframe that I think is very difficult to determine the trend.Quote:
Originally Posted by arjun
Yes i agree with you. 1 hour trend can give us more information about current market. And from this chart we can easily get our entry and exit point. If you do this properly then you can easily make good profit with this.Quote:
Originally Posted by rahul
Well the trend should be clear, it be any bullish or bearish, if trend is bullish clearly you can start buying and close on higher prices, and if bearish sell first and close later on lower prices, better stay away of trendless market as it may be high risky.
remember that we need to find the trend in the 4 Hours chart so that we have the major trend of the week and the day. then make the analysis in the 1Hr chart and make the entry in the 15 min or the 5 min for better precision
I think a good trend is that if these trends occur based on important news that will be a big trend, so that you can follow the trend and be consistent profits.
good luck.
I think much can we get from forex forum MT5 especially this forum, I got a lot of science, the knowledge of good and also got a bonus post is very useful for trading.
thanks MT5
The follow-up, which I prefer to continue to Meta Trader. 5H when I'm tense and need to study the market shall be the short term most appropriate to me. But when I see that does not need to study in depth to me market chose On 30H every ten minutes I change it, if not the profit is from my share. But I can not work b-1D long wait here a lot.
i use the h1 trend line for trade. before opening position i follow the support and resistance level and then open my trade. i testify my trend strategy in a instaforex contest and it will give me the good result.
Your suggestion is acceptable but in my view that H1 chart is also important, if you are short term trader than see both H4 and H1 chart and when you want to open your position then use even M5 chart to enter on perfect point.
Ray in the best among the private when trading time frame can control the technical analysis techniques is now the length of time will not give sufficient accuracy in determining the points to take the profit and loss. But traders who have large financial balance in the account towards them the time frame daily.
scalping is always been risky if u don;t set the sl in nearest point coz the market can jump form the position anytime and it can be against ur opening position .for most of the scalper targeting 5-10 pips per trade coz opening a trade in a position over and over is mean giving the spread to broker over and over so u have to recover the spread first then profit of pipsQuote:
Originally Posted by blackprince4u
i think it is depends on our own trading style
for a scalper, they see the trend in the h1 and entry in m5 or M15
while for the daily traders, they prefer to see the trend in h4 or daily, and entry in the M15 or h1
usually i do scalping so i only trading based on the m30 , m15 charts...becoz due to beginning times of trading i usually performing in the short term trading
So umteen varied strategies that can be utilised to line in the Forex market. There are few quite complicated while others are relatively lancelike.
Taste pursuing has embellish a real common trading strategy because of its comfort of simplified to read and complete. It involves identifying a way fair as it position breaks out and then you jazz to rise that way.
For me both uptrend and downtrend are equally profitable as i am using Hedging , i make profit by falling as well as rising market. But many times i have faced hardships in my trading due to false reversal of the trend. I think sideways trending market is very good for scalpers.
ya to ap par depend karta ha k ap kasi trading karta ho ap ko achi or bather trading karana k layia ap ko sub sa pehala trading ka bara main complete knowledge hone chayia or is ka bad ap ak achi se strategy bnan or time frame ka khas khal rakahn ap h1 m5 m10 h4 used karan or chart or ghor sa dehakan is k bad trading start karna.Quote:
Originally Posted by arjun
There is no particular trends that we traders in forex need to follow in forex currency trading business. The right trends if followed can actually make a lot of profits for the forex currency trader involved.
Your suggestion is acceptable but in my view that H1 chart is also important, if you are short term trader than see both H4 and H1 chart and when you want to open your position then use even M5 chart to enter on perfect point.
I agree, it really depends on a trader, if a trader is scalper he will use small time frame to open any position but a medium term and long term trader will use H1, H4 or daily chart but we must go with trend.
I think m15 is the best trend to follow for any trader who prefers doing short term trades or Intra day trading as he can keep his trades open for few hours and perform them accordingly after considering m15 chart .
Different traders have different styles of trading and different profit target so they choose different kinds of trend and follow them for their trades. Long term traders use long term trends and follow them and short term traders follow short term trends.
In my point of view that it depends on traders point of view. If trader are scalper then he follow M1 or M5 chart and if trader are day trading then he follow H1 or H4, if a trader are swing trading then he follow M15 or M30 and D1 or M1 follow if trader trade as a position trading. So now you take decision what is your type and follow the respective chart.
for short term trading i always look at the M15 M30 which is really works for real quick scalping but H4 is best time chart for doing long term trade .but i never been success with long term trade ever .i think there is need sometimes weekly trade which can recover at least few lossQuote:
Originally Posted by moti
each of trading in the forex strategies and different depending on each one of us would use a strategy which, as the trends that are used must be different, if I prefer to use H1 and we could see movement on the M15 or M30......
I think that h1 chart is the best for trading. you should see the different charts just for comparison but should trade only for h1, by doing this you need not much time to wait for the result. and not less time to take that if you have to go some where then you could go for some time.
well i think its almost difficult to see trends in short time frames.how can there be a trend in 1m chart? and scalpers wont see trend at all.they will trade in all kind of markets.
trend will be strong only in bigger time frames like 1h or 4h.
yes for 20-30pips 1h charts are good,but even 15mins chart also give good signals.it depends upon market volatility.some times in 1h only 20pips movement will be there but some times 100pips will also be there.
no there are lot of false signals which arise in small time frames.So we cant get more accurate signals in smaller TF.
so the bigger the timeframe the more the accuracy of signals and direction of trend too.
I anticipate you should consistently use h4 blueprint as it is the a lot of accurate blueprint for techncial study. I acclimated to chase h4 blueprint and again cantankerous analysis with day1 blueprint again i acclimated to abode my deal
I think it depends upon the various market trends as in scalping,one have to adopt the small time charts but yes if you want for a long term investment,its better to study the indicators charts in long time period.In momentum market,one have to be little aggressive and in volatile market,one have to be defensive in nature.
One of the biggest advantages of trading the higher time frame charts is that they act like filters of price movement. The forex market has such high daily trading volume, that the lower time frame charts contain what market technicians refer to as noise. The noise of the lower time frames is basically just price movement that is so erratic that it cannot be reliably used to make trading decisions.Quote:
Originally Posted by yaar
I think the 4H trend is the best to follow in the trading should be triggered by using the 1H or 30 min timeframe. I think this will be the most profitable trading cause daily trend is represented by 4H timeframe.
when news had come out with actual high impact for the market was very helpful ..
and it would make a lot of movement in the market charts, because that's the actual trend ..
while scalping i use 30 min time frame direction and than trade on 5m in the direction of 30 min. and in for day trade it's better to first match 4hr. and day timeframe and than trade on 1hr.
Yes, the trend must be a friend to walk in the direction of this but in case of long transactions, for example, that last day. As for those who love the daily deals that last for hours and sometimes only minutes, do not rely on the trend in trading subsidies and shrines important because the target is a little .....
We need to go for the trading with the patience and also we have to go for the trading with the news s that we can be winner here and can make lot of money here .also we have to go with analysis.