price action is price action. price is all you need. my charts are naked as in price line only. indicators?? who cares what banks are using on their charts, are you a bank trader or a retail trader? there is a big difference.
smaller moves are easier to predict, less risk in the sense that your not exposing your account to this crazy market for long at all, you know if you're right or wrong right away with minimum risk, and profit is quicker and larger. You have no idea where price is going to go, all you can know is your risk, TP's make no sense. Hence, I scalp forex. I would never waste my time with longer time frames (4h-daily/weekly) unless I was rich and wanted to invest... though it wouldn't be in the forex market.
but to each their own.. happy trading to all.
smaller moves are easier to predict, less risk in the sense that your not exposing your account to this crazy market for long at all, you know if you're right or wrong right away with minimum risk, and profit is quicker and larger. You have no idea where price is going to go, all you can know is your risk, TP's make no sense. Hence, I scalp forex. I would never waste my time with longer time frames (4h-daily/weekly) unless I was rich and wanted to invest... though it wouldn't be in the forex market.
but to each their own.. happy trading to all.