Disliked{quote} I use 1H and 6H time frames for trades of fairly short duration (on average). I don't think that there's any rule of thumb for what charts to use; it depends upon what kind of trader you are (day, scalp, swing, position). I have to kind of disagree that any system should have a fixed profit target for a given trade (e.g., 70 pips) (regardless of whether it's an SL or a No SL system or strategy). That just doesn't make sense to me. Every pair has different S/R and what makes sense for one pair may not make any sense whatsoever for another....Ignored
Thanks for your insight.