use Moving Average (Exponential) EMA 20 to look at short term trend 50 to look at mid term trend 200 to look at long term trend (Paul Tudor Jones uses this to look at the direction of price)
When i day trade, i focus on 1 timeframe 5min, focus on the 10 most volatile currency pairs, only have 2-3 hours to day trade so the 5min candles are sufficient to find short trends when i position trade, focus on 1 timeframe daily, focus on 20 ...
1. Do you use stoploss or not? Yes 2. Why do you use stoploss and why you don't? Its a must, stoploss is like putting on a seat belt while you are driving, it helps to validate if your trade is wrong 3. How many pips do you use your stoploss? when i ...