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
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