₦airaland Forum

Alexas58:
Taking a long on EurCAD.

Broke major resistance Friday and closed above it

Looks like we can get a fast run ..


Stop loss set in place

blackman007:
Big bosses in the house, I have a question sirs, regardless of strategy or method, which timeframe do you think is the most important timeframe?? I don’t know if this is a right question to ask,,, But I’m just being curious here So that we new traders can learn

Davigle:
Even though my response is coming late but better late than never as they say, to be candid there's no such thing as the best time frame. The important question here is what type of trader are you? Your personality determines the style and timeframe you will trade. Are you a very busy person or do you have lots of free time? Do you have a job or not? Can you commit to trading full time or not? All these factors determines the type of trader that you'll be.

* Scalping/day trading - for those who have lots of free time and can maybe commit to full time trading
* Swing trading/Position trading - for those who don't have enough free time may be due to their job, business or school, and they're just looking for an extra source of income

Then you need to know the various categories and their timeframes
1m and 5m for scalping
15m, 30m and also 1h for day trading
1h, 4h and also daily chart for swing trading
Daily, weekly and monthly chart for position trading

After knowing what your profile is and what category you belong to, you simply just align yourself with the timeframes that falls within your trading style and stick with it until you eventually master it. Pls newbies, just don't pick a timeframe just because you simply like it.

There's what we call market conditions (go and google it for yourself), and market conditions are ever dynamic even between timeframes, a consolidation on a big or higher timeframe can be a minor trend on a very small timeframe but you need to build knowledge and experience to maneuver such scenarios.

Lastly we can also divide timeframes into higher timeframes (4h, daily, weekly and monthly) and lower timeframes (1m, 5m, 15m, 30m and 1h). HTF drive market trends while LTF drive corrections or pullbacks or retracement until the trend reverses and eventually breaks.

Hope this helps too.

Davigle:
Even though my response is coming late but better late than never as they say, to be candid there's no such thing as the best time frame. The important question here is what type of trader are you? Your personality determines the style and timeframe you will trade. Are you a very busy person or do you have lots of free time? Do you have a job or not? Can you commit to trading full time or not? All these factors determines the type of trader that you'll be.

* Scalping/day trading - for those who have lots of free time and can maybe commit to full time trading
* Swing trading/Position trading - for those who don't have enough free time may be due to their job, business or school, and they're just looking for an extra source of income

Then you need to know the various categories and their timeframes
1m and 5m for scalping
15m, 30m and also 1h for day trading
1h, 4h and also daily chart for swing trading
Daily, weekly and monthly chart for position trading

After knowing what your profile is and what category you belong to, you simply just align yourself with the timeframes that falls within your trading style and stick with it until you eventually master it. Pls newbies, just don't pick a timeframe just because you simply like it.

There's what we call market conditions (go and google it for yourself), and market conditions are ever dynamic even between timeframes, a consolidation on a big or higher timeframe can be a minor trend on a very small timeframe but you need to build knowledge and experience to maneuver such scenarios.

Lastly we can also divide timeframes into higher timeframes (4h, daily, weekly and monthly) and lower timeframes (1m, 5m, 15m, 30m and 1h). HTF drive market trends while LTF drive corrections or pullbacks or retracement until the trend reverses and eventually breaks.

Hope this helps too.

Kaesyrn:
#XAUUSD H4🔭


All Time High (ATH) euphoria still soars for gold.


The target is 3700 for the yellow metal and it looks poised to reach within the week and today's news event might propel it even closer.

Seems the cycle for gold now is to break highs > BOS > Seek liquidity by filling imbalances > Expansion higher

My bias is currently bearish on dollar and bullish on Gold

iichidodo:
[color=#1986BC]Food is ready...Let's eat. Chf/Jpy' set up is just perfect for tomorrow's battle.. We buy at 184.5ish hopefully we get out at 184.7ish before tomorrow's sunrise, we pray so.[/color]

Alexas58:
I was looking for an upleg on chf jpy
But I couldn’t get it

I’ll have to wait again …. The Sunday opening gap was closed

iichidodo:
[color=#1986BC]Food is ready...Let's eat. Chf/Jpy' set up is just perfect for tomorrow's battle.. We buy at 184.5ish hopefully we get out at 184.7ish before tomorrow's sunrise, we pray so.[/color]

JasonNOTStatham:
Curious! What broker/prop firm? The spreads is much