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I think, to know the daily trend, the most appropriate is to look at the H1 time frame. in tf H1, you can see the trend as well. whereas for the execution, you can use the tf M15. these two combination is a very appropriate time frame for the entry point.Quote:
Originally Posted by moneymax
nice thread to reply, as i observe since last three months market is going down and consistently as per time period so we have to follow sell trend mostly
All trends are good for the trader who knows how to identify there beginning and end. Yes identifying the trends start and end is the major thing we need to worry about before choosing a trend. Then only we can get maximum benefit by following them.
Different time period give unique merchants earnings and they show unique pattern. Regarding temporary trader, they will industry along with temporary pattern, although lasting trader can simply industry along with lasting pattern. I love to adhere to the actual 1hr pattern more often than not, although marketing and advertising to understand what's occurring within the greater or perhaps more substantial pattern.
Yes you are right. All trend are good for every trader. Because we can easily make profit on both trend. But it need more analysis to getting start point and ending point. If you can't select this point then you can't make profit from this market.Quote:
Originally Posted by dmambi
you are right that it is very much possible to make two or three pips very easily but it is a bit risky too. it will works if you can understand the trend properly which really tough. i also like scalping but most of the time i failed to earn profit. because most of the time i have seen that market goes against me. actually this was due to my poor analysis. but now everything is going perfectly.Quote:
Originally Posted by Mr. Tukul
main student hu or main bi long term trading karta hu.
lekin main daily chart ko follow karta hu. main demo account main scalping bi sikh raha hu lekin abi tak kuch achi strategy ni bana paya.
long term main MACD ke singal ko follow kar ke trade karta hu.
depends on trading style actually ..when someone doing scalping he will follow M5 or M15 chart and followed the h1 trend line ..but yes when we are trying to follow the trend line of H4 that should be in one session for midterm or long term strategy .
I don't think there's any other type of trend-line except downtrend and uptrend. Trading in the trending market is safer than any trading method that doesn't include trend-line ideas. However, as trend-lines even break, traders should be always updated with news releases every moment.
i think that depends on the trading style. if u are scalping then using the 5min chart as the main chart and 1min and 15min charts to supplemnt the information. if u are a long time trader then daily chart is very useful and 4hr and weekly charts to supplement the information. i personally do scalping so i use the 5min chart as my main source of information to judge the trend.