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Originally Posted by haubentaucher
that the same what I don`t understand: do you trade H1 or do you look H1 has a trend and then to look on 15 min for trading possibilities?
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Well guys,
Mostly GBP/USD n EUR/USD for the best result.
Let me explain:
First, we look at TF H4, what the trend is according to EMA 35 (for Global trendy, UP price above EMA 35 or Down below EMA 35) n comparing RSI n Slow Stoch Indicators, where are they going? n what are they condition? oversold, overbought , neutral (around 45-55), to go UP/Down
Then, we take a look at H1 for day trend ( where is the price will going to, this pattern for the day which we trade, UP or Down) , in Hourly chart Slow Stoch signal needs 12 - 15 hours from 20 - 80 normally ( No Fundamentals announcement)
if all signals n indicators on H1 n H4 , in the same directions , the price movement will very volatile
If We've got mix signal H1 n H4, the price movement about 50-70 % normally
for GBP/USD about 60-80 pips, EUR/USD about 30-50 pips. This is a very Important for us to get profits
we get into market using TF 15 mnt, with conditon mentioned before.
TF 15 min, just for entry or trigger point
Be Patient, wait for the right opportunities, happy trading
Hope this short explaination will help you n have a nice weekend
God Bless
4xtraders
P.S. You can use TF 15 alone if you are a Scalper