Forex trading 1hr chart
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Fewer trades, but I feel more in control so far the results are better Thank You. Swing trader with some position trades — allow a swing trade to run… but I trade agrressively… Only take a trade that looks high probability and take a very large position. If trade does not go in my favour within an hour or so after entry I exit trade do not wait for stop loss. As a not the greatest thing that helped me was reviewing my trades..
What is The Best Time Frame for Swing Trading?
I followed all the other rules but did not really review. The first detailed review I ever did was after a 5 month period of trading and it was an eye-opener. Thanks Rayner for sharing this useful article, God bless you and give you much years to live and give you more power to produce more helpful articles. Hy Rayner, am just new in trading.
1 Hour Forex Trading Sell Setup
I trade the daily charts for two years now and I can say it helps me a lot. I have noticed that my stops are usually over pips on most markets but I can accommodate that with good risk management. Thank you very much for your ever insightful guides. What is Trade View?
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Is it a special software and if so, how do i access it? Thank you very much Rayner. This information was very usefull for me. Could you share some tips, how to create and update watch list of stocks or markets? I am the follower of your you tube channel and now reading the articles in your website to improve my Forex trading knowledge. So If I want to open and close the position in a day, what is the time frame is best suited for me. Which Time frame I need to use for analysis and trade. Because I try to use the MA as you suggested, but when the Time frame is changed the results are confusing.
So please need your advice. Actually I was doing trading in my live account and lost the money, so now spending my time to understand my mistakes. Till that time I am planning to invest the money for Copy trading so that I can earn decent margins, Is there any possibility please advice.
Hi Raynor- Great stuff like usual!
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I watch all of your youtube videos… so I feel like you are one of my best friends. I use a hybrid strategy- trend follower leaning a little toward swing trading. Two words… Heiken Ashi!!!
Forget the confusion. Here are the charts to monitor.
If your readers are having trouble finding or exiting trends tell them to try looking at the charts with some Heiken Ashi glasses on. It has helped me to find a really strong trend easier and stay in the trade a little longer. My win rate since switching to Heiken Ashi has had a dramatic improvement. First I look at a chart using Heiken Ashi candles, then if it meets my visual scan, I will switch to regular candles for a secondary confirmation.
Again- Thanks for all the great info. Hi Rayner- Sorry for the typo in spelling your name in my post above. I know its Rayner… I should have proofread before hitting submit. On which timeframe do you use the Heikin Ashi? Can you give a little more information?
We all have different trading styles. I like 1 and 5 minute charts, I do well with them. I am glad you do well with higher TF charts. That works for you. I usually would get 2 trades a month but with the fibonacci levels I could set a really good risk to reward ratio of 1 to 4 or even 5 GBPUSD. Im happy to see someone agrees, after I realized this and started trading real money and making real money by using strategies on 1, 4 or daily timeframe. I always tried to search for forex strategies based on 4hr or daily and could only find the MTF stochastics.
I use discretion in my trading, because I use fibonacci levels alot but I wish someone should try that for an experiment.
For example, a day trader will hold trades for a significantly shorter period than that of a swing trader. The truth is, there is no single answer. Day Trading. Part Of. However, remember that shorter-term implies greater risk due to the nature of more trades taken, so it is essential to ensure effective risk management.
Of course longer timeframes are better to use,coz it is less market noise there! I personally trade 30min and higher now.
- Spreads from 0.0 pips.
- Swing trading 1-hour chart!
- Picking the Best Forex Strategy for You in 2021.
How about trading a 15 minute time frame if your indicators on the hour and 4 hour concur with the direction? That could work, but it would be good to zoom out on 15 min timeframe so you could see what others using higher timeframes see. The market movers use higher timeframes. Whats the use of spending 10 hours looking at charts when you could be glancing at it probably once every hour, or 4 hours.
Im not tryna ramble, but if a new trader could realize this it could quickly cut their time to profitability. I started watching currencies around , when the pairs were strongly trending like now. I saw similar trading ideas then in forums, ebooks, etc.. Things changed in early Ranges shrank, and indicator-based trend-following stopped working.
This is true for higher time frames as well, as I tested many strategies in that period.
Markets finally moved back to trend mode as the credit crunch started 2 years later. But don't expect to last forever. At some point, pairs will level out at supposed "fair value" levels, and it may take months or years for big trends to start again. Not every trader can trade the short time frames intra-day due to commitments so they often look to find the best 1 hour Forex strategy that they can use.
Because it will give you 24 opportunities to find a trade especially with the usd vs jpy chart. Since the jpy is active after the main Forex pairs slow down in trading volume, it is one of the best Forex strategies for people who work during the day. This is a very simple Asian Session Breakout Forex trading strategy based on price action trading using the 1 hr candlestick chart.