Dislikedthat does help, thankyou!
ok this makes sense but don't we want to do our scalping in the direction of the major trend only on longer time frames? that seems safer to me. We may not take as many trades but the ones we do take will stand a better chance? I don' know, I'm not a very good trader that's just the sort of thought process I have used. I'm just not used to the lag indicator, it's unfamilliar to me. I'm not used to the pivot indicator either.Ignored
Look at the gbp/jpy charts, on the left is a 4hr and on the right is 5min for the same time period - between the 2 red vertical lines.
the trend is downwards on the 4hr and if you were taking ONLY trades with the trends then they will be trade A & B (red trend lines), my question is why can't you take the trade C (blue trend line) ???????
If you look at the 4hr it becomes a counter trend trade, if you look at the 5min its an uptred on its own - almost 400 pip move !!!!!!
On the 4hr chart its a pullback for the long term trader, on the 5min its a pullback also but a 400pip pullback - i am sure you don't want to miss that, again this is my feeling - when i trade 1min and 5min, i go to 15min and max ti 1hr for trend, no longer. So its all upto you how you want to look at it. Hope it helps.
Also the eur/usd moved downwards and I hope what i posted earlier - patience made it clear what direction to take.