it is not like not to use 15m data for styles.Even i have seen styles in 15min data and you can create 30pips like that.but i consent that smaller TF gives more incorrect alerts so always use greater TF for powerful styles.
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it is not like not to use 15m data for styles.Even i have seen styles in 15min data and you can create 30pips like that.but i consent that smaller TF gives more incorrect alerts so always use greater TF for powerful styles.
i don't know about this. i agree even though a trader may be a scalper, a thorough analysis of bigger time frames is quite good to make a right order. i use to trade on m5 but i constantly check m15 h1 h4 and daily chart. bigeer time frames gives a good picture of the market.
I think that M1 is the best time frame for the timing of your trades and higher time frames like h1 and H4 are best for catching the trand direction.!..
It is better to Follow Current Trend for sure, but we should not fight against Direction of Major Trend in Higher Time Frame. Big Movement is begin with small Movement anyway and small Movement will follow Big Movement.. yeah Forex Market could be really Complicated thing..
I agree with your idea because I think in the forex was not making a profit every day that one thing we used to understand by any one trader can be lost in this moment.Quote:
Originally Posted by seahawks90
mere khial se ye sab kisi bhi trader trade krne pr depend krta hai ke us ka trading kesa hai mostly traders h4 trading chart ka trend zyada pasand krte hen or is ke elawa m30 bhi kafi particular samjha jata hai trend ke liye
It's totally defend own traders above and trading style.I like scalping trades because some time take a lot of pips.I do it M1 chart for per movement see.Quote:
Originally Posted by arjun
it is depend on you that what kind of trad you are doing.most traders like to trade on H 1 as i like it.i think H 1 is the best for a normal trader.Forex market is very complicated but easy to learn.therefor first learn it and then do trading.
When the trend of short time frame and the trend of large time frame are same, I think, that trend is the best trend. Many people only consider the larger time frame to determine the trend. They almost ignore the trend of small time frame. But I think, considering the both time frame will give a good trend idea.
Basically if i want to trade most times i try to follow the trend and what i do is to combine the 4hr plus the daily trend to get where the market is going to and i just follow the trend with the sight of price action set-ups.