I don't trade 5M chart often but it's much more clear than 1M most of the times : on this one (in the circle) i have a double TL break, a MA rejection, PLUS a textbook Zero line rejection on the CCI. What do you need more? A handsome drop followed shortly after this. During that time I was busy with 1M noise.
Wednesday, December 19, 2007
A clear 5M chart
I don't trade 5M chart often but it's much more clear than 1M most of the times : on this one (in the circle) i have a double TL break, a MA rejection, PLUS a textbook Zero line rejection on the CCI. What do you need more? A handsome drop followed shortly after this. During that time I was busy with 1M noise.
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2 comments:
Honestly I believe it’s way too risky to go with 5M or even 1M chart, it is far better to be trading in 15 minute or even higher. I do scalping which is why I prefer 15-30 minutes chart and thanks to OctaFX broker they have terrific cTrader platform, it’s classic with having upgraded system and advance charts and have extremely fast speed with allowing all our trading orders to be executed instantly without having to face any delay at all!
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