no matter up trend or down trend, all the good trend to follow if we are trading in currency pairs, but if we trade in gold, I would prefer to follow a rising trend, as year by year, the price of gold is up
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no matter up trend or down trend, all the good trend to follow if we are trading in currency pairs, but if we trade in gold, I would prefer to follow a rising trend, as year by year, the price of gold is up
I am using TF H4 and H1 to determine what trend of that day, but I will enter the market by TF 15 or TF 30M. I don't why, but I got more profit when I open a sell position than when i open a buy position. It's easy to me to let my profit run when I short a pair, but it's become so hard if I am going long.
surely i think it will be very easy ..It's hard to define and identify the trend if they want to trade in short term they should trade in M30. I made a good profit in this trend. if you are not expert on it.you can easily understand this chart but as per my opinion most of the traders trades in H1 chart when they want to trade for long term,
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According to me scalping is the best way to get money easily but careful trading is the must and I advise you to go down that road to get to profit easily and I think it's easy to get a quick strategy to use technical indicators such as RSI, ADX, Parabolic SAR and reliable indicators downloaded from various sites.
I think 1hr data is best data for both scalping and day investor. because the motions in this data constant and this help us to recognize the real pattern in currency trading. i always business in 1h chart.
I think, excellent investors do well with any pattern regardless of whether it is favorable or bearish, but it is also real that many are like me who do not understand bearish pattern and are regular to buy first and then try offer at high cost, so I experience more relaxed when it is favorable pattern.
I think although trend is up or down we can follow it and make pips with our trading. To me, whenever a new trend comes, i take trades, Sometimes i take trades with countertrend when a nice pinbar appear in H1 time frame.
Very good order, agrees, I use M5 business. m15 h1 h4 and check the daily charts a good market image bigeer deadline gives. ''.
i THINK FOREX IS NICE JOB Do not everr use m5 and m15 for trading
I think you should always use h4 chart as it is the most trustworthy chart for techncial study
I used to follow h4 chart and then cross check with day1 chart then i used to place my deal good luck........................