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Forex is profitable ?

HyperAI (HyperAI)
Jan 31 2019 at 12:26
16 posts
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames


Time Frames up to H1 is a short and medium tf for scalp, day and swing trading. h4 and more is about fundamental, I suppose, but technicals can use it to see the general movements.

The AI is the future.
BenTrader
Feb 01 2019 at 10:16
6 posts
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames


Well, H1 is very fine because you can see clearly what did happen in previous sessions. ( American and Asian )

Ranges are very clear and also you can check Daily patterns on H1.
I use smaller timeframe for trigger.

But if you are a new trader, a strongly suggest you to avoid Time frame < M15
There is too much noise and the spread will kill you.

I don't use H4 at all.






Jdimitrov
Feb 03 2019 at 07:26
10 posts
Why don't you use H4? I also have never used it mainly because it seems like a weird in-between time frame but I have noticed some very reliable trade formations recently on H4

AniLorak
Feb 03 2019 at 08:16
920 posts
BenTrader posted:
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames


Well, H1 is very fine because you can see clearly what did happen in previous sessions. ( American and Asian )

Ranges are very clear and also you can check Daily patterns on H1.
I use smaller timeframe for trigger.

But if you are a new trader, a strongly suggest you to avoid Time frame < M15
There is too much noise and the spread will kill you.

I don't use H4 at all.







Agree with your opinion on the lower time frames! Yes, no doubt H1 is a good choice but H4 is the key to the long term traders.

jamesgwyther
Feb 03 2019 at 14:42
289 posts
Jdimitrov posted:
Why don't you use H4? I also have never used it mainly because it seems like a weird in-between time frame but I have noticed some very reliable trade formations recently on H4


I like H4

BluePanther (BluePanther)
Feb 05 2019 at 07:43
1353 posts
95% of traders lose because they don't trade correctly

BluePanther (BluePanther)
Feb 05 2019 at 09:52
1353 posts
BluePanther (BluePanther)
Feb 05 2019 at 09:52
1353 posts
Joseph Nemeth has a lot to say on this subject.

Prest (Prest)
Feb 05 2019 at 11:13
43 posts
forex should be considered as a job for everyday and should not be considered as fast money and gambling.

my experience is my profit
BenTrader
Feb 07 2019 at 13:03
6 posts
Yep, Traders who lose money don't trade correctly.

Trading is simple when you understand a few basic things.




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