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there is always trend for every timeframe. and depend on you to trade at which time frame. but if we wanna trade just like all other bigplayer outside there. most of them trade using one hour chart. because one hour is word standadrt time to count work time. and we could to appliing this method on forex analysis. :)
It depends primarily on each person and its own style of trading
as for me i think the very best trend to follow is the long time frame because with long time frame you can get the direction of the trend but also make use of the short time frame to make the best entry and exit at the right time thats what i think
Trends in M15 is not sufficient and M5, it is possible to move the price against you at any time, a nice strategy. In addition, however, we are using the H1 and H4 time frame in order to verify the key trends.
you have to know when to enter and exit trades with both premises it because you will be able to get money easily so the longer you learn and trade will understand and faster to get moneyQuote:
Originally Posted by oreoluwa
The best trend trading system depends on a person that he used. if a trader using scalping method trends suitable course for him was sideways trend while for long term traders should follow the trend bearish or bullish
the best trand we have to follow it is the trend that have been created depend to the resistance and the support on the long term and on the medium term and the lest we chose entry time by the short term this will give us less risk to enter opposite trend or wrong trend.
HI,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.But also use time frame H4 and H1 to check main trend because the trends on M5 and M15 are not good enough and price can move against you anytime .
you have to look for the trend of the pair on the major chart on which you will perfectly able to know where the pair is moving and where you have to take the trade. but if you have to trade with trend then you must have to trade for long time so that you can extract good profits.
this a very good question. i will like to say 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. i think is the right trend to be followed.