hi there. . .when just using one time, the easiest is likely trading breakouts, you'll frequently see consolidations type for ages then will go into a rampage
however, if you employ multiple interval, it allows you to see bigger picture...
such as:
say you like trading on the 15m chart. . .then have a look at the hourly chart at first to recognize the tendency, identify key support resistance...
then on the 15m chart, identify your favourite setups, make sure you go long or short according to hourly chart trend...
then move down to 5m chart and pinpoin exact entrance...
okay that was just an illuion...
also try reading Dr. Alexander's novels, especially Come Into My Trading Room
it is very beneficial
without any, you don't have to follow other people's system but at least understand based on their system, why does their system operate?
How can I modify their system so that I can make it mine?
When you make a system be sure to backtest it
oh and dont backtest it automatically, try to do it manually, see what kind of results you get
you see, you can get a lot of experience just practicing by backtesting and demo'ing
of course, when you go live, your emotions will be present to reach you!
So there's a limitation of what you can do involving backtest, demo and live
live is the real thing the real world with your own money!
Are you ready?