How Long 5 and 1 ?

[DavidRAM]

Hi, I live in the UK, and if I am to chartwatch from say 7am to 12 noon on a daily basis, how often will there be a basic Aims trade on the EUR/USD on the 5/1 min setup? And what would be the average pips profit? Is there a trade every day or what? Or do I need to be looking at different times 1 hour or 15 min charts and other trades for a daily trade?

Also, same question for the GU, UJ, EJ, and AU.

All the best.

[immy]

Hi, I live in the UK, and if I am to chartwatch from say 7am to 12 noon on a daily basis, how often will there be a basic Aims trade on the EUR/USD on the 5/1 min setup? And what would be the average pips profit? Is there a trade every day or what? Or do I need to be looking at different times 1 hour or 15 min charts and other trades for a daily trade?

Also, same question for the GU, UJ, EJ, and AU.

All the best.

thats enough time to watch 1 or 2 pairs. You will get between 1-10 setups during that time. you should trade 1 or 2 very good ones. Do not over load yourself with a variety of pairs unless you have experience and have been doing it in the past and know what you're doing. I suggest watching M15 Charts in the direction H1 on 4 pairs as you've mentioned due to the low volatility of hte markets. The Rule is if Daily range of a pair is less than 80 its not worth M1. if its less than 50 its not even worth m15. cheers

[DavidRAM]

Thanks Immy