The trade is the same on the M5 as on the H4 you can just see it with greater detail on the lower time frames. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. You have more time to watch the trade and make wise, less emotionally driven decisions.
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The profit I have made the last month is approx. Keep up the good work. Thank you from a very happy customer. Peter, New South Wales, Australia. Thanks for the powerflow algo ,it is the best one i have used. It takes some heat, but always so far, has come out on the side of profit, well done. I have gone live this week with all 3 set files after running them on demo, and they are performing in my live account just like they did on my demo.
I took some heat last night but woke up well rewarded. Free Forex Indicators FxPulse 4. One way to think about this is like looking at something through a microscope. If they use the magnification lens on the microscope and turn it to 40X or X power, then they could see even more details of the individual cells within the blood.
Multiple time frames are like that too. The trade is the same on the M5 as on the H4 you can just see it with greater detail on the lower time frames. It is like a micro versus macro view point. The logical mind would then want to reason that if the trend is moving down on the H4, then it should be the same on the M5. If you were mapping out a road trip from Raleigh, North Carolina to Los Angeles, California you would notice your driving route will not go in a straight line.
Roads leading from one place to another, especially if they are long trips, will not go in a straight line. There are obstacles like mountains, waterways, and cities that prevent a linear approach to a road trip.
There will be times where you will have to drive northward or southward in order to end up west. It is the same with longer and shorter time frames. The D1 is your long-term destination and the shorter time frames are your individual roads. Although the daily trend may be down, there will be lots of up and down moves to get there. Understanding these concepts will help you to understand how the time frames work together and individually.
Trading an hourly system like the Cornflower Blue, the long term destination is what the H1 shows. But you can use the M15 and the M5 to show you a better entry or exit point. Knowing how to read the different time frames will also help you decide the best trading plan and what kind of trader you are.
Scalpers look for quick, small trades. They will not be trading on the M30 or H1 time frame because they create new candles or bars too slowly to know what is happening minute by minute. A scalper sticks to short time frames like the M5. An intraday trader will stick to the H1, or in some cases the H4 time frame, for their systems, because the moves are slower but bigger. Swing traders like the really big moves so they like to use the D1 or possibly the W1 time frame, depending on their trading strategy.
More trade opportunities by only needing to hold a trade a short term. The trades are small and more numerous, so your fees will be higher due to frequent trading.
Moves happen so fast it can be easy to get stopped out by spikes and small reversals.