Disliked{quote} Spread is irrelevant if you can find 25 setups on M1 compared to 1 setup on H1. Out of those 25 setups, one or two will be better than most H1 setups you ever see in half a day of WAITING. Trading costs is the fee we pay for very very cheap finanace. Trading needs to be undertaken when the probability of winning obscures the cost of trading.Ignored
M1 charts on the other hand require one's constant attention. I'm happy with my infrequent setups on H1 and living life. At times I go 2 weeks without a trade. No big deal. No stress. I accept a minimum of 3:1 or more on any given trade so my R:R is excellent. My risk varies with market structure and dictates whether or not I take any given prospective trade. If the risk is too great no matter how awesome the setup I leave it. Once in the trade I rarely "manage" it because I set SL and profit target and walk away. Only occasionally will I move up SL in an effort to achieve a higher R:R. It's quite satisfying to enter a trade and wake up the next morning with your profit target filled. My win rate is well under 50% but by demanding a fairly high R:R I stay out of trouble.
I've given the FOREX M1 a try a few times but found it very difficult to profit meaningfully without taking multiple trades which interests me little. With futures it's a different story. I like tick charts for futures anyway.
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