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EURJPY 5 minute speed drill/pattern recognition

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First published at 20:33 UTC on December 21st, 2021.

#euro
#yen
#daytrading

Element Trader 15

Element15

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If you only use one time frame you truly miss the big picture. However, trading is not about the time frame you use, its about the price levels (Pete Faders*). Normally you want to work from the top down. Weekly down to 5 minute. The bigger time frames are important because it shows you the key turn around points. The one hour and sometimes the 4 hour gives SM's position away. In VSA we want to use the 1 hour to identify where SM is POSITIONING from... very important.

Use supply and demand tactics with volume if you want success as an intraday trader.

LESS