Trading in lower timeframes
Jan 22, 2021 at 09:48
(edytowane Jan 22, 2021 at 09:48)
@Darrensmith Use the automated trading scripts which are the best for scalpers and day traders alike. No doubt the risk is higher and decision making can be prone to errors but plan for the next 15 minutes by making an automated trade during the current time. For example to be more clear I was using Acttrader from XTB broker for my trades but in lower time frames you need to write your own trading script. So I use the MT4 platform (find the C language easier) from the broker Fxview and use the position trading strategy, where I determine my entry for the trade using the long term and short term timeframes. So automatically my entry point for the trade is predefined for the lower range of the timeframe.
Uczestnik z Oct 01, 2020
37 postów
Jan 25, 2021 at 04:44
lauranutt posted:It is absolutely true that short time frames are not for the people who are using the long term strategies or even day trading. It is not the right time frame to put the indicators to determine the trend of the market. The lower charts are not meant for long term trades.
@Darrensmith Use the automated trading scripts which are the best for scalpers and day traders alike. No doubt the risk is higher and decision making can be prone to errors but plan for the next 15 minutes by making an automated trade during the current time. For example to be more clear I was using Acttrader from XTB broker for my trades but in lower time frames you need to write your own trading script. So I use the MT4 platform (find the C language easier) from the broker Fxview and use the position trading strategy, where I determine my entry for the trade using the long term and short term timeframes. So automatically my entry point for the trade is predefined for the lower range of the timeframe.
Uczestnik z Jul 10, 2020
34 postów
Jan 25, 2021 at 11:22
The spreads become the number one priority during the lower timeframes. I chose my brokers i.e. Fxview and XTB for this one reason i.e. low spreads because when you have more trading opportunities twenty to thirty percent can go into the spreads if they are on the higher side. So always consider the spreads between the pairs in the low time frame trading. The winning percentage should also be on the higher side with low investments.
Uczestnik z Oct 01, 2020
37 postów
Jan 27, 2021 at 05:42
antonyhollinwooe posted:As a scalper that’s something totally important for me too, can’t trade without low spreads.
The spreads become the number one priority during the lower timeframes. I chose my brokers i.e. Fxview and XTB for this one reason i.e. low spreads because when you have more trading opportunities twenty to thirty percent can go into the spreads if they are on the higher side. So always consider the spreads between the pairs in the low time frame trading. The winning percentage should also be on the higher side with low investments.
Uczestnik z Feb 04, 2021
35 postów
Feb 17, 2021 at 11:46
Forex market is a highly volatile market and to trade lower time frames, a sharp marketwatch is required. To watch the market carefully, a lot of time and knowledge is required. That’s why it is always recommended that new traders should start with higher time frames. Once they acquire the proper skill-set, they can switch to lower time frames.
Uczestnik z Feb 12, 2019
105 postów
Feb 17, 2021 at 12:53
Oh im too cautious or afraid lol
I use smaller TF for entries though .
Respect to those who Scalp i just couldn't
I use smaller TF for entries though .
Respect to those who Scalp i just couldn't
Uczestnik z Dec 24, 2020
15 postów
Feb 19, 2021 at 11:47
That is right. It does require some expertise and practice for working on lower time frames.
Uczestnik z Mar 17, 2021
536 postów
Jul 03, 2021 at 10:07
mohamrpes posted:Without proper knowledge, it is quite tough to survive in this risky market.
That is right and it comes with experience. Not everyone can trade in lower timeframes without proper knowledge.
Uczestnik z Jul 19, 2020
751 postów
Jul 04, 2021 at 11:04
@SteveHanks It is not quite tough rather it is impossible to survive in the market without proper knowledge and skills.
Uczestnik z Feb 13, 2017
251 postów
Jul 04, 2021 at 12:11
there is a law
the smaller the time frame , the greater the pattern irregularities,
montly Time-frame is the best so far, but you its not possible for most of the traders to take 2-3 trades a month at most,
so i suggest you to keep focusing on weekly and daily time frame
the smaller the time frame , the greater the pattern irregularities,
montly Time-frame is the best so far, but you its not possible for most of the traders to take 2-3 trades a month at most,
so i suggest you to keep focusing on weekly and daily time frame
Elena Triston (ele020)
Uczestnik z Apr 15, 2020
219 postów
Jul 05, 2021 at 04:33
Smaller patterns are only useful when scalping.. Other than that, daily time frames are better to use.
The more your practice, the more you learn.
Uczestnik z Mar 16, 2021
477 postów
Aug 02, 2021 at 16:43
Intraday trading has more chances of profit but in that case, it is necessary to acquire proper education.
Uczestnik z Jul 19, 2020
751 postów
Aug 04, 2021 at 05:44
@LukeRachel Yes intraday charts creates more trading opportunity but it can also be the reason for over trading. That's why intraday trading needs strict discipline.
Uczestnik z Feb 12, 2019
105 postów
Aug 05, 2021 at 10:02
LukeRachel posted:Still quite daunting task unless you master PA on lower TF its really tough
Intraday trading has more chances of profit but in that case, it is necessary to acquire proper education.
Uczestnik z Feb 12, 2019
105 postów
Aug 05, 2021 at 10:02
ele020 posted:I use Daily myself and 4hr for entries
Smaller patterns are only useful when scalping.. Other than that, daily time frames are better to use.
Uczestnik z Feb 12, 2019
105 postów
Aug 05, 2021 at 10:04
epeepillock posted:Would you rate using a FX Simulator and if so which one ?
That is right. It does require some expertise and practice for working on lower time frames.
Uczestnik z Mar 16, 2021
477 postów
Aug 05, 2021 at 11:40
UweMoench posted:Yes, of course. It is difficult to make a consistent profit without discipline.
@LukeRachel Yes intraday charts creates more trading opportunity but it can also be the reason for over trading. That's why intraday trading needs strict discipline.
Suradi (FXOday)
Uczestnik z Apr 03, 2021
470 postów
Aug 06, 2021 at 23:43
Trading use lower timeframe mostly used by scalping trader, almost timeframe used is M5, and M15, although some trader maybe uses M1, but very rare because giving higher noise in the analysis, meanwhile not all trader suitable with scalping, it could lead trader to fall in emotion if always fail.
Uczestnik z Jul 20, 2020
399 postów
Aug 07, 2021 at 11:43
I like 5m-15m i think when you have a strategy that fits this time frame it can strike a good balance between discipline and patience
