It is hard to decide which trend to follow, for me i follow all the trends, and trade accordingly.
Since i know i can not influence the market i can only adjust to what i see on my charts and make profit from it.
It is hard to decide which trend to follow, for me i follow all the trends, and trade accordingly.
Since i know i can not influence the market i can only adjust to what i see on my charts and make profit from it.
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you are right,although we are scalpers, so we can make orders with follow the trend and the key is we use high time frames for indicate the trend and also use low time frames to open position and we just find the same direction between high and low time frames, so we can maximize our profit and also it is safe if we get floating minus, just let it flow because i know the chart will move back again
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high time frames is good if we use it as trend, i usually use this it for to know where will the trend go, and i opened at small ones, so i can take and maximize my profit with this way
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until when the price can be called perfect.
sometimes the price is fully formed but still could reverse direction and make us mc.
perfect or not, we should use the SL.
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You just deliver the positive side only, but you also can lose money quickly with this system.
it happens if you can not control emotions, as well as a poor MM.
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i dont know exactly but i will trade few times short time trading and closes when i get 5pips profit and this wont work all the time but only few times i got the profit and i still do like that trading short period
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
True, a scalper will always chose M!1 and M5 charts because he has a lot of concern with the small time frame changes. But it's good for a scalper to look for a long term trend because sometimes a small time frame chart may show a wrong trend. A scalper should avoid trading against the long term trend because he can loss his whole account in this way.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
If you are a scalper M1 chart and M5 chart is best for you but you should also follow the signals of M30 and H1 chart. You should also try to improve your trading and try to trade for longer time.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Yes H4 and H1 time frames have strong trend but you should also notice the trend farmed in these charts consists many days data and there are many traders who can hold their positions for more than 30 minutes. Such kind of traders have nothing to do with H4 so better to use it for taking direction and watch on lower time frames.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I look for long term trend and then for the short term trend (for few days), if both point in same direction i open trade in that direction only, it make more chances of getting the trade in prfoit.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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