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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.Nice strategy.,.But also use time frame H4 and H1 to check main trend because the trends on M5 and M15 are not good enough and price can move against you anytime .
i agree even though a trader may be a scalper, a thorough analysis of bigger time frames is quite good to make a right order. i use to trade on m5 but i constantly check m15 h1 h4 and daily chart. good luck.....
in this context i will say it depends very much on situation you never can be determined before a price action performance. we always have to analyze the trend and how much it retreas over the time and we must order a trade according to trend in a down trend we can sell in a uptrend we can buy.
welcome to forex.Nice strategy.,.But also use time frame H4 and H1 to check main trend because the trends on M5 and M15 are not good enough and price can move against you anytime.good luck..............................
The best trend for us to follow, is undoubtedly the exact trend, with opening positions right at the entry point, the study on the pair before starting any type of investment, discipline, rigor, without greed. Finally a number of basic procedures that guarantee a profit in Forex. In my view, there is no trend better than another but the rigor and the knowledge that Forex requires so that we can achieve a profit.
Of course the best trend which we must follow is the complete trend. That is mean no matter if your trade type is intraday or even long time trader. Always see many trend which formed by all timeframe, start from the largest timeframe until the smallest timeframe and choose the best momentum in smallest timeframe to entry your trade.
Nice strategy.,.But also use time frame H4 and H1 to check main trend because the trends on M5 and M15 are not good enough and price can move against you anytime. good luck...
I think that the right trend can be found on every time frame but that trend is weak or medium for finding strong trend you should move to large time frame like 4 hrs or daily.
I'm sure your daily merchant
and it can not be equated with the merchant who like scalping
but we had to confirm the trend in h4 so that we do not fight the trend like job.
Hi friends,I think the strategy is different from each other traders...and I'm sure your daily merchant...and it can not be equated with the merchant who like scalping...