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Im trading Forex from past few year,, but still im not feeling comfortable about the time frame and specific tool for day trading,,
Initially i incurred loss(all my investment) when i was trading in 1H chart
Now im using 15M & 5M chart, And my trading style is scalping, my winning ratio seems progressing,, but the problem in this chart is whipsaw, when the market is taking a sharp turn,, im will have to wait for weeks to months to close the position, since in have enough balance and my lot size is 0.03. im not worried to hold my positions till i see the profit,, under such practice i have 18 open positions in different currencies keeping in mind about the co-relations.
It seems not worth to hold position for months, I want to close positions in a day to maximum to a week,
can anyone share your best knowledge for this kind of trading strategy,
I will also give a try if your trading strategy is new for me.
Naren Raj
narenraj5@gmail.com
Initially i incurred loss(all my investment) when i was trading in 1H chart
Now im using 15M & 5M chart, And my trading style is scalping, my winning ratio seems progressing,, but the problem in this chart is whipsaw, when the market is taking a sharp turn,, im will have to wait for weeks to months to close the position, since in have enough balance and my lot size is 0.03. im not worried to hold my positions till i see the profit,, under such practice i have 18 open positions in different currencies keeping in mind about the co-relations.
It seems not worth to hold position for months, I want to close positions in a day to maximum to a week,
can anyone share your best knowledge for this kind of trading strategy,
I will also give a try if your trading strategy is new for me.
Naren Raj
narenraj5@gmail.com