well me toolike scalping ..but its simple and easy to earn i mostly take m5 m15 or m30because hey are best suited for me but for gold i mostly take the m30 its very helpful
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well me toolike scalping ..but its simple and easy to earn i mostly take m5 m15 or m30because hey are best suited for me but for gold i mostly take the m30 its very helpful
aryan, can you share your trading strategies for gold. I want to trade it, but I failed much times, I think that I will never predict its movement! Can you share your strategies please! have you any links to ebooks...
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.
M1 and M5 chart are the good time frame for scalping trading. but you can also use long term time frame also for identify trend.
if in scalping trading we trade in direction of trend then its more good for our profit.
in long time frame you can open trade for long term. i use only day and h4 for my trading. i am unable to trade in m5 or m15 chart.
There is a choice of time frame (time frame) that can be used for the day trader. The most common is 1 minute, 5 minutes, 15 minutes or even 30 minutes. But for me, the frame time of 1 minute is not too good, because most of the frame period of 1 minute did not offer many opportunities.
I don't think so. How you able to trade in m1 time frame. I think its danger for you. If you place 5 takeprofit and 5 stoploss means ok. Its better to trade on 15m ,30m and also 1m.
You are missing the point mate, M15 can be used in short term trading but even then you have to go with the trend shown on larger time frame. Even if you are trading the trend in M15 that is also the trend in H4, then your trades will be good but opposite to that can cause you loss at most of the times.
Well the thread starter meaning by which trend is that he wants to get opinions on time frame. He means in following trends which time frame should be selected that is best to see trend.
As for the trend you should start from daily then 4hr and then 1hr and preferably trade with the trend no against it.