DislikedNewbie question - the original system looked at 15m timeframe. The latest recommends H4 - why the difference and is the system still valid for scalping the lower time frames?Ignored
I will answer ur question ,,,
This is based on my personal experience ,,, as i am a full time both an intraday trader and a scalper . with only around 20 years experience in this game .
I found the best time frame to do that is on the 1 mnt chart TMA setups ,,, and one should be able to clock minimum 40 to 80 pips a day from each pair,,, trading like a pound yen and the pound dollar ,,, thats what i track personally ,,,
And that should be achieved with more than 95% of the days u trade and with a probability of over 95% also ,,, and with applying some price action filters ,,, one can achieve 98 to 99% accuracy ,,,,,, cause IF one can NOT do that ,,, there must be something needs fine tuning in their approach
BUT ,,,
In saying that ,,,, u need to know the following ,,,,,
The TMA's do NOT control the market ,,,, AND
The 1 mnt charts do NOT control the market either .
You need to trade Price targets ,,, which are based on the 15 mnt ,,, 1 Hour ,,, and 4 Hour charts ,,,,,,
So in summary my friend ,,, you NEED build a FULL understanding of price action ,,, which is something can NOT be achieved over night ,, especially for new traders like urself as u mentioned .
Hope this helps ,,,
Cheers ,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
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