Trading using the 15Min chart and aims to capitalize market behavior. Grabbing profit and getting out asap because the longer you stay the riskier it becomes. The same situation when a trade proves to be wrong getting out immediately is the right action. Best trade goes in your favor in shortest amount of time.
- Check News/Announcements --- Anything major no trading or light trading
- 4H and 1H Chart --- Provides the trend of the day***
- 15Min Chart --- Trading decisions are made in this time frame
- 5Min Chart --- Use to fine tune entries and exits
A low risk and high probability trade happens when there is a trend alignment forming in these time frames.
***Counter trend trading will be limited and lesser than usual size.
***Counter trend trading will be limited and lesser than usual size.
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