Simple and effective 5 minute time frame forex trading method.

Simple and effective 5 minute time frame forex trading method.
Hello friends, today you are watching a talk with trading expert JD.
Let’s talk about short time frame forex trading and specifically 5 minute time frame trading.
(some of the content of the conversation has been removed, only showing the content of the 5 minute time frame trading method with the forex market, the full information about the chat can be viewed on youtube channel)
MC: Is the 5-minute timeframe enough to assess the trend?
JD: Just because we trade on the 5-minute frame doesn’t mean we have to follow the trend of the 1-day frame. just see the trend of the time frame that we currently choose.
In my opinion, any timeframe has amplitudes and cycles, shapes, states and price action that are specific and complete with the range of the timeframe itself. so when the 1 day or 1 hour frame is trending you can also find the trend of the m5 timeframe. remember that m5 you have to follow the range of the m5 timeframe.
MC: So what is JD’s method for trading the 5 minute timeframe?
JD: For me, short term I would prioritize watching price action. namely, the clusters of candles that fit inside each other or fluctuate with a low amplitude of 3-5 candles. I call this the accumulation zone to prepare for a continuation or a reversal.
I use the MA20 indicator as an additional basis for determining the value zone, and see if the price breaks this value zone or if the price uses this value zone as a springboard.
MC: So just consider if 3-5 candles have a narrow range and the moving average MA20 is nearby, if the price breaks out of the candlestick and MA20, then enter the trade right JD?
JD: Yes, you get the point quickly, **laughs.
MC: Does JD have any more advice on how to enter orders?
JD: I think the entry point is according to the method, and more importantly, order management and capital management.
MC: Can JD share more?
JD: here is the management of the maximum number of orders and the maximum capital for a transaction. For me, each order is not more than 2% of the capital, and not more than 15% of the capital for the positions. if crossed, will cut losses because they were wrong from the original expectation.
MC: Thank you.