For scalping trading you can use short timeframe like m5 or m15. But for the long trade you can use h4 or h1 candle. Actually it depends on the individual traders and on their own trading style.
Printable View
For scalping trading you can use short timeframe like m5 or m15. But for the long trade you can use h4 or h1 candle. Actually it depends on the individual traders and on their own trading style.
Even if you are trading the trend in M15 that is also the trend in H4, Such kind of traders have nothing to do with H4 so better to use it for taking direction and watch on lower time frames then your trades will be good but opposite to that can cause you loss at most of the times.
The people that make the big money are the ones who don’t try to predict tops and bottoms but who consistently take a little out of the middle.
If you want to make good profit from this business then you need to use both trend for making profit. But it depend on your strategy. If you are using scalping strategy then i think you can make profit from one trend line. But long term trader need to follow both trend.
enter the market by opening a position in a market that is trending is a way of trading which is almost 100% certain profit easily, but it also takes observation and patience to wait for the movement really mengkomfirmasi dowtrend uptrend or, if this mistake will result in a painful loss due to rapid movement occurs frequently trending
According to the general system, we can follow any trend which is settled for a certain period. This could be a uptrend or a downtrend. We just need to follow the trend according to the position and nature of the market.
g haan ap ne bhot achi bat ki he k trend ka forex market mein bhot important role hota he and i think k hum ko trend ko follow karna chahiyay and main to jayada tar 15 mint charts se hi trend check karta hun...Quote:
Originally Posted by arjun
following a trend an be dangerous as it an stop anytime as soon as the fundamentals along with economical outlook as well as market sentiment changes about a currency. so , always be aware about a fakeout or breakout.
I will always be looking at the law of equilibrium and in it lies the answer to getting a hint on market conditions,we need to balance so we can see where every single currency falls or balance,when we compare there strength the analysis becomes simpler
I am comfortable with bullish trend and i feel that most of the market cheers when bulls are in and everyone is scared of bears. there are some traders who make money in bearish market too, but i find it easy and comfortable to be with bulls.