Short timeframes can be very unreliable. The moves are very random especially for the 1min,5min and 15min. My advice for you would be to stick with higher timeframes. The higher timeframes are stable and more reliable. And the other advantage of ...

Is it easier to trade higher or lower timeframes using TA?

That is a problem many traders struggle with very often. A moving average based system may work very well in a trending market but fail in a range bound market. At the same time a Stochastic might give you great signals in a range bound market but ...

whether to change the trading strategy from time to time?

I don't think it is good for a number of reasons.The chart if filled with all sorts of indicators that would generally give you conflicting signals. The template has several trend indicators and couple of momentum indicators. Filling a chart with ...

Is this template is good

The chart itself is telling you an incomplete story. By reading the chart,one would conclude that the AUD/NZD has a higher win rate than all other currencies therefore giving you the false impression that trading the AUD/NZD gives you a greater ...

FXCM stats worthwhile? AUD/NZD has the best win rate to trade?

Price actions works on all timeframes. For my trading I always focus on higher times frames like 1hr,4hr and 1 day.I prefer the higher timesframes because all the noise that is in smaller timeframes is filtered out in the higher timeframe and they ...

Price action is all we need to succeed, but what time frame?

I blew quite a number of accounts before I got it right.When you are starting out in forex trading.You always read about all the mistakes you aren't supposed to make in forex trading like over-leverage or trading without a plan.For me,I thought I ...

How Many Accounts Did You Blow Before You Got It Right?

I like to listen to music without vocals,just instrumental.With instrumental music,I do not need to pay any attention to the lyrics.I just listen to the beat and focus on trading.

What kind of music you hear while you trade?

Funny,I had the same idea when I started out in forex trading.I thought if I could trade perfectly for 12 good weeks,I would be able to turn my $50 initial deposit into $60,000 within that time frame.Unfortunately,I had unrealistic expectations.For ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I think it's different for every trader.Some traders prefer isolation with only the trading screen in front of them.Some traders are comfortable with having the TV on a business channel and they trade while keeping abreast of economic news.Some ...

How to keep in sync with the pulse of the market

Forex trading can be frustrating, many traders can attest to that. Scalping as a trading strategy can be very difficult because you have to use smaller time frames(1min,5min and 15min) which are highly unreliable. I would suggest sticking to higher ...

Back to basics- looking for a method to approach the market