Have you noticed the 2nd candle on NY time? If you understand loss vs gains you can see the benefit......same applies to Asian (AUD) my favorites AUDNZD - MA use Weekly - Daily - 4 Hours (especially if you are scalping at 15 mins or 1 hr)
Which session on your chart is the NY?
I use 1HR charts, a switch over to 15mins when the engulfing candle is moving fast
Ah, good. (But Actually meant on the chart shown above... I assume NY is the Blue one, since it is much larger. )
Blue is NY - Green is Asian
support and resistance are created by swings high and low of the price, not by moving averages
scalping needs tick charts, or 5-10 second charts, not 15-minute or 1-hour charts! that has nothing to do with scalping at all!
It was supposed to say trading at 15 mins or 1hr.....my apologies on the misprint
The beginner's guide to FX trading
