What strategy are u following ? Any suggestion for beginners !
My strategy is to follow the charts, let them decide what trade is to be taken.
My set up is powerful enough to give me probable direction in time and also it is able to decide a stop level for me.
As i already mentioned I am a day trader and looking for 15/30 pips in a trade.
This way i am able to make some three , four trades in a day , (if I am there when the chart tells me to).
As for you or anyone , i shall say , first you decide what kind of trader you are , what is your risk apetite, then you find a set up as per that.
eg, If you are a posn trader and do not worry when your posn is in negative by 75/150 pips , trade on a 4 H time frame and take your signals from a 4 H set up.
If you feel you are a day trader trade on a 5/15 min time frame, i prefer 15 Min ,
If you are a scalper for small pips say for 2/5 pips , trade on a 1 min chart.
First of all and most imp thing is you must stick the rules of the set up you are trading on.One can not trade on a 15 min TF and look for a 100+ pips profit every time and same way one must not trade on a 4 H TF and apply a SL of 30/50 Pips.