I can understand the difference between the extremes 1 minute and monthly charts. But looking at M30 1H and 4H , they are nearly identical. I want to try a new system , but trying on 4H will consume large time on trades. Of course I'll use 1H for exit.
Also why do people trade daily and weekly charts , when they can make more pips from shorter time frames fluctuations?? I saw traders live who make 4-5 opposite trades in E/U and G/U ,while a long term trader is still waiting for his pips.
If you have a good system , why apply it on large time frames??
Also why do people trade daily and weekly charts , when they can make more pips from shorter time frames fluctuations?? I saw traders live who make 4-5 opposite trades in E/U and G/U ,while a long term trader is still waiting for his pips.
If you have a good system , why apply it on large time frames??