Hi,
I just want to say why I use 3 time frames in my analysis.
H4/H1/M15 ---- is time by 4---- H4 ---H1 ---M15
H4: Most of hedges funds use H4 to pinpoint their trades. So it is advantage for us to ride the trend with the BIG BOYS.
H1: In the past years I used M15 as a retracement of price action. But it was not enough and price keep moving. So the pull back of price action on H1 considers a 90% of a full retracement.
M15: Enter a trade on this TF is a borderline. Lower than M15 you just enter a trade with a noise.
The trend following is used by the most professional traders. It is very easy to understand. It need from you to respect the rules.
Having a plan before putting a trade ones can enjoy staying as long as they want in the speculating business.
Sai Ram
I just want to say why I use 3 time frames in my analysis.
H4/H1/M15 ---- is time by 4---- H4 ---H1 ---M15
H4: Most of hedges funds use H4 to pinpoint their trades. So it is advantage for us to ride the trend with the BIG BOYS.
H1: In the past years I used M15 as a retracement of price action. But it was not enough and price keep moving. So the pull back of price action on H1 considers a 90% of a full retracement.
M15: Enter a trade on this TF is a borderline. Lower than M15 you just enter a trade with a noise.
The trend following is used by the most professional traders. It is very easy to understand. It need from you to respect the rules.
Having a plan before putting a trade ones can enjoy staying as long as they want in the speculating business.
Sai Ram
Being a fxtrader is not easy. Ones must working hard.
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