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    Thread: Which chart is more useful?

    1. #21
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      It depends on the kind of trader you are. If you are a scalper, you can use M5, M15 and M30. But for long term traders, they can use from H1 to monthly chart. For me, i use the daily chart due to the fact that it gives accurate signals and profit is assured.

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      I am flow 1 houre and 15 min, chart . 1 houre time fram is very easy to found day trend .

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      Quote Originally Posted by FX2011 View Post
      I am flow 1 houre and 15 min, chart . 1 houre time fram is very easy to found day trend .
      i look for 4 hr for trend and plus with stochastil indicator to determine bias for long or short

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      for scalping 5 minute and 15 minute chart is good. for long term trading 30 min. and 1 hour chart is good. but for scalping so 5 minute is best for me.

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      Quote Originally Posted by sathish999 View Post
      for scalping 5 minute and 15 minute chart is good. for long term trading 30 min. and 1 hour chart is good. but for scalping so 5 minute is best for me.
      scalping best in M1 but dont forget to view first in M15 n H1. just my 2 cents

    6. #26
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      Quote Originally Posted by sathish999 View Post
      for scalping 5 minute and 15 minute chart is good. for long term trading 30 min. and 1 hour chart is good. but for scalping so 5 minute is best for me.
      i have found the same, the 5 min is much better than the 1 min for scalping. sometimes the 1 min can be really choppy.
      there are less signals on the 5 min than the 1min but they have better chances of winning

    7. #27
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      Quote Originally Posted by djai View Post
      i have found the same, the 5 min is much better than the 1 min for scalping. sometimes the 1 min can be really choppy.
      there are less signals on the 5 min than the 1min but they have better chances of winning
      what pair did u most trade? i preffered M1 on GBPUSD and GBPJPY. I can chase the trend easily by not losing much pips

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      Quote Originally Posted by dewataraya View Post
      what pair did u most trade? i preffered M1 on GBPUSD and GBPJPY. I can chase the trend easily by not losing much pips
      M1? Then you are basically a scalper? You should also try M5 and M15. Only M1 chart can give you wrong signal.
      <--- Forex trading is not a cake!

    9. #29
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      Relied heavily on a chart h1 see him suitable for trading daily in addition to the MACD indicator and index STOCHASTIC

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    11. #30
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      Quote Originally Posted by Spide View Post
      M1? Then you are basically a scalper? You should also try M5 and M15. Only M1 chart can give you wrong signal.
      it does? i use M5 or M15 for my intraday entry. i have work on this system for more than two years and it suit me much. Basically i trade GBPUSD and my TP on scalping is 10 pips firmly

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