..Just to add a little colour to my earlier post by way of demonstration.
Here is a recent trade in the EUR AUD.
Timeframe is 4 hour chart. Tight entry taken under a critical level and a 4 hour 'snap back' point - 1.45 into an exhausted move.
Low leverage used but the range off this timeframe rewards the low leverage entry by the amount of ground it covers..
I'm sure there are plenty of traders out there better than me but treating this as a business - I look for consistent monthly returns which are validated in the linked and verified MyFXBook account:
Here is a recent trade in the EUR AUD.
Timeframe is 4 hour chart. Tight entry taken under a critical level and a 4 hour 'snap back' point - 1.45 into an exhausted move.
Low leverage used but the range off this timeframe rewards the low leverage entry by the amount of ground it covers..
I'm sure there are plenty of traders out there better than me but treating this as a business - I look for consistent monthly returns which are validated in the linked and verified MyFXBook account:
I hope it may be of use in showing why it might be worth considering moving out a timeframe or two..