{quote} Hi Senjamerah, This is the outlook of my strategy in 5 min tf. this mainly involves support,resistance, trendline and patterns. And this is the maximum output of this strategy for today which is 50% strike rate that means it overlooks trading psychology and daily bias against trend and nearest support and resistance if trade taken in that direction. I would like to increase my probability because the data of December is not looking very good and the strike rate were 30 to 45% in the 3rd week of that month. Risk to reward = 10 pips:20 pips...
This is how i look on m5 tf. FYI i trade using m5 chart for few years (2018 till Aug 2022). since Sept 2023 i use only m1 chart. The way i see the market is difference between m5 and m1 chart. Basic things like breakout-retest, candle pattern, compression is similar but on m1 chart i can see it much faster and clear.
Because 1 candle of m5 chart equal to 5 candles of m1 chart, that 5 candles are enough to form a pattern.
Another 1 thing is about SL...it is easy to spot multi support or resistant in m1 chart which is important element for to place my SL
