yes for 20-30pips 1h charts are good,but even 15mins chart also give good signals.it depends upon market volatility.some times in 1h only 20pips movement will be there but some times 100pips will also be there.
yes for 20-30pips 1h charts are good,but even 15mins chart also give good signals.it depends upon market volatility.some times in 1h only 20pips movement will be there but some times 100pips will also be there.
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well i think its almost difficult to see trends in short time frames.how can there be a trend in 1m chart? and scalpers wont see trend at all.they will trade in all kind of markets.
trend will be strong only in bigger time frames like 1h or 4h.
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I think that h1 chart is the best for trading. you should see the different charts just for comparison but should trade only for h1, by doing this you need not much time to wait for the result. and not less time to take that if you have to go some where then you could go for some time.
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each of trading in the forex strategies and different depending on each one of us would use a strategy which, as the trends that are used must be different, if I prefer to use H1 and we could see movement on the M15 or M30......
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for short term trading i always look at the M15 M30 which is really works for real quick scalping but H4 is best time chart for doing long term trade .but i never been success with long term trade ever .i think there is need sometimes weekly trade which can recover at least few loss
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In my point of view that it depends on traders point of view. If trader are scalper then he follow M1 or M5 chart and if trader are day trading then he follow H1 or H4, if a trader are swing trading then he follow M15 or M30 and D1 or M1 follow if trader trade as a position trading. So now you take decision what is your type and follow the respective chart.
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Different traders have different styles of trading and different profit target so they choose different kinds of trend and follow them for their trades. Long term traders use long term trends and follow them and short term traders follow short term trends.
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I think m15 is the best trend to follow for any trader who prefers doing short term trades or Intra day trading as he can keep his trades open for few hours and perform them accordingly after considering m15 chart .
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I agree, it really depends on a trader, if a trader is scalper he will use small time frame to open any position but a medium term and long term trader will use H1, H4 or daily chart but we must go with trend.
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Your suggestion is acceptable but in my view that H1 chart is also important, if you are short term trader than see both H4 and H1 chart and when you want to open your position then use even M5 chart to enter on perfect point.
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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