Why Indicators will help you

Quoting Rosscub

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I only concern myself with the timeframe I'm trading on, so if I'm trading the 5 minute chart, I don't worry about what is happening on the 1 hour.

The main method I use for determining trend is through the breaking of fractals. If a fractal is outside my bands (either bollinger or keltner) and it is broken (higher highs or lower lows), I trade in that direction.

If that explanation wasn't clear, I'll try to further clarify.

I hope that helps.

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Quoting aiyahmarklah

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Thanks Rosscub, your explanation is crystal. I am always curious about how people trade very short term given the amount of negativity towards it.

I can say that I do similar stuff, but I do refer to hourly charts for clues sometimes. I prefer support and resistance lines over your preferred method. ie. when support becomes resistance, I am short bias. Different strokes for different folks.

Thanks for sharing !!

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Quoting Rosscub

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I think people tend to fear or hate what they cannot understand or control. There are certain modifications that are necessary (both in technique and mindset) to trade shorter timeframes, but for the most part, I use the same setups on the 1m, 5m, 1h, and daily charts.

Of course, there are many ways to trade and multiple timeframes to choose from. The only one that is right is the one that is right for you.

I'm glad to share, and I hope it was helpful.

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