it doesn't matter which trends are you trading with , you have to predict the trend , whether uptrend or downtrend , after that you should enter your positions in the trends direction :) then take your profit.
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it doesn't matter which trends are you trading with , you have to predict the trend , whether uptrend or downtrend , after that you should enter your positions in the trends direction :) then take your profit.
H4 and H1 is a chart which shows you a long term trend. From this if you like to trade short term then go for M15 or M30. If for long term then you should go for H4 and the H1 charts and i follow trhat
i hold symmetrical tho' a merchant may be a scalper, a thorough reasoning of bigger example frames is quite acceptable to form a conservative prescript. i use to swap on m5 but i constantly insure m15 h1 h4 and daily interpret. bigeer dimension frames gives a smashing situation of the activity
uptrend and downtrend both are best for making profit from this business. It depend on your knowledge. If you can get right trend for enter and exit then you can make good profit but if you enter on wrong trend then you can make loss on that trading.
forex business is like ups and down business in this we need to use our knowledge and experience to select which trend would be good for you it is very important to choice which trend would be good.
Predicting trend of forex market is very difficult, but if you predict trend of forex market exactly you will get a lot of chances to make profit. So we should use some indicators for that, indicators are very useful for traders.
Significant trend can be seen in a longer time frame, such as TF1H-TF1D. Although you are a trader in TF5M or 15m, you also have to monitor conditions through a longer time frame, so before making a decision we have a comparison.Quote:
Originally Posted by arjun
most of the traders is to monitor and study the trends are going to take advantage of the down trend or up trend, although not all trends that can be utilized to make a profit, and return again the role of knowledge how the trader can see the trend is up or downQuote:
Originally Posted by zahidrock
i am just a newcomer and i use demo account. there i try to do scalping but on larger time frame. i mean i dont do day trade like putting a trade and waiting for few days. what i do is i scalp seeing m15 chart so it gives me tym to breath.
I prefer always to work four hours a large frame or time if the technical analysis work and I love the strategy of broken trend is a good strategy and proved its effectiveness and I advise everyone to use