Topic: Strategy to operate on M5 and M1 timeframes
When I use a chart with bigger time frame, like H1, H4 or even D1 the kind of strategies used are more easily found, like pivot points, Fibonacci, BB, Donchian Channels. But for smaller time frames like M5 or even M1 it seems to not work well (did I undertand wrong?).
What can be taken into consideration to aid a trade / EA that works using M1 or M5?
Hi, I suppose since the market is fractal in nature, strategies applicable on higher timeframe should also be applicable to lower timeframe, except that as you go lower, market noise and commission costs will likely cause your higher timeframe strategies to fail. Just my thots...
shareing some of my secrets. At the end of trading session, give yourself and your trading actions a review of your success and failures. Analyse what you did and why, so you are more aware of your own actions as they happen next time. This will help avoid the same mistakes.
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