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The follow-up, which I prefer to continue to Meta Trader. 5H when I'm tense and need to study the market shall be the short term most appropriate to me. But when I see that does not need to study in depth to me market chose On 30H every ten minutes I change it, if not the profit is from my share. But I can not work b-1D long wait here a lot.
i use the h1 trend line for trade. before opening position i follow the support and resistance level and then open my trade. i testify my trend strategy in a instaforex contest and it will give me the good result.
Your suggestion is acceptable but in my view that H1 chart is also important, if you are short term trader than see both H4 and H1 chart and when you want to open your position then use even M5 chart to enter on perfect point.
Ray in the best among the private when trading time frame can control the technical analysis techniques is now the length of time will not give sufficient accuracy in determining the points to take the profit and loss. But traders who have large financial balance in the account towards them the time frame daily.
scalping is always been risky if u don;t set the sl in nearest point coz the market can jump form the position anytime and it can be against ur opening position .for most of the scalper targeting 5-10 pips per trade coz opening a trade in a position over and over is mean giving the spread to broker over and over so u have to recover the spread first then profit of pipsQuote:
Originally Posted by blackprince4u
i think it is 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
usually i do scalping so i only trading based on the m30 , m15 charts...becoz due to beginning times of trading i usually performing in the short term trading
So umteen varied strategies that can be utilised to line in the Forex market. There are few quite complicated while others are relatively lancelike.
Taste pursuing has embellish a real common trading strategy because of its comfort of simplified to read and complete. It involves identifying a way fair as it position breaks out and then you jazz to rise that way.
For me both uptrend and downtrend are equally profitable as i am using Hedging , i make profit by falling as well as rising market. But many times i have faced hardships in my trading due to false reversal of the trend. I think sideways trending market is very good for scalpers.
ya to ap par depend karta ha k ap kasi trading karta ho ap ko achi or bather trading karana k layia ap ko sub sa pehala trading ka bara main complete knowledge hone chayia or is ka bad ap ak achi se strategy bnan or time frame ka khas khal rakahn ap h1 m5 m10 h4 used karan or chart or ghor sa dehakan is k bad trading start karna.Quote:
Originally Posted by arjun