The question which timeframe you can use this method on is an important one that we should address early on. In the video below, I made some points that you need to consider and below the video, I will provide more feedback and food for thought.
Daily/4H vs. 4H/1H
You can trade the methods and the setups that you will learn in this course on both the 4H and the 1H timeframe comfortably. I do mix the 4H and the 1H in my own trading as well. Here are some things you need to be aware of:
Using the 4H as your execution timeframe
▪ When you are on the 4H, you will get far less trading opportunities because you will have less candles than on the 1H
▪ At the same time, the signals on the 4H tend to be more reliable
▪ You can also trade the 4H strategy on basically all Forex pairs, including minors and exotics
▪ During slow market phases, you might not get a trading signal for a week or even longer
Using the 1H as your execution timeframe
▪ On the 1H, you have to be more selective in your trades and only take the best signals
▪ You will get far more signals but you will also run into more trades that don’t work out because the 1H has more noise
▪ For that reason, I recommend using the 1H strategy only on the Forex majors in the beginning
▪ You need to be quicker on your exits and not hope for a large winner. 1H reversals can easily turn on you
Can I also go to the 30min or 15min chart?
Yes, it is possible. The concepts and strategy you learn here are universal and apply to any situation. You will see that reversal trading will help you understand trends and price movements in better ways and it’s not just a black and white template. It is a flexible approach that can be applied to all timeframes.
My tips
Get started on the 4H and only keep track of a few selected Forex majors on the 1H. With more experience, you can then switch to the 1H if you feel the need to get into short-term swing trading.
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