In My view
1.Take the trades with the help of trend in higher time frame.
2.It is very difficult to catch the trend & manage the trades on lower time frames like 5min, I prefer to trade on 30min/60min.
3. Tried many times on 5 min TF after sequence of successful trades on 30 min/60min TF, but still the results are not satisfactory. I still prefer trade on 30min/60min/daily TF.
4. Taking Entry is not a big game , adding is also easy but the hardest part is where to take profits.....Though I prefer to book profit on previous resistance/support levels, PL/PH CRACK & candlestic reversal patterns & touch of moving averages.
1.Take the trades with the help of trend in higher time frame.
2.It is very difficult to catch the trend & manage the trades on lower time frames like 5min, I prefer to trade on 30min/60min.
3. Tried many times on 5 min TF after sequence of successful trades on 30 min/60min TF, but still the results are not satisfactory. I still prefer trade on 30min/60min/daily TF.
4. Taking Entry is not a big game , adding is also easy but the hardest part is where to take profits.....Though I prefer to book profit on previous resistance/support levels, PL/PH CRACK & candlestic reversal patterns & touch of moving averages.