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Originally Posted by ampris2000
hi mishak,
i do mainly the daily for the overall trend. my current goal is 20 pips per trade. You mentioned to shoot for 80. You also said to:
choose the moment to pick up at the top(sell) or bottom (buy)...
I wanted to ask how you personally do that if you don't mind. do you go to the one minute chart or use some indicator?
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Hello ampris2000
My reply was intended to particular situation of
TraderABC
I recommended swing for him. And it is really important for a swinger to look for supports and resistances (on the longer time frame chart) as they mark lows and tops. Oscillators are used for the same purpose to show overbought/oversold conditions.
Time scale you use depends on the personal situation and depends on various factors (a bit out of topic of this thread).
Swingers do not look at 1-minute chart - it is for scalpers