Yes scalping is very risky for every trader. And every newbies can loss their balance on this strategy. So avoid this strategy and use long term trading system. With long term you can trade with securely.Quote:
Originally Posted by vineet
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Yes scalping is very risky for every trader. And every newbies can loss their balance on this strategy. So avoid this strategy and use long term trading system. With long term you can trade with securely.Quote:
Originally Posted by vineet
there are three common trend in market. up trend , down trend and sideway trend. except sideways trend other two is very good to trade. so we need to avoid sideways trend.
Right you say mostly traders use long time frame to determine trend and many traders use daily or 4 hrs time frame to determine it and mostly price greatly affect through it.
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.
We can find strong trend only on high time frame like 4 hrs or 1 day time frame.Its better to use strong trend rather than short trend as basically it got breakouts and reverse.
M15 is a best chart which can be used for short term trend of any pair. while H4 is a chart which shows you a long term trend. From this if you like to trade short term then go for M15. If for long term then you should go for H4 chart.
I think that 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 depend on if you are daily trader or trade once per week or per month and also depend on your size of capital
if you daily trader you can follow up the daily trend on daily chart to know it,s direction then open hour chart and open
your positions with daily trend direction
and if you weekly or monthly trader you can use the big chart such as week or month chart to know the general direction of trend
which will open your trader depend on it
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.
If you wear a short term strategy, is more suitable time frame using h1. I also use h1 time frame to analyze and the M15 time frame for entry
it all depends on the strategy you use, if you are a scalper can use the M15 and m5 time frame