Determining Timeframe For Entry

ajbozdar

Private
Messages
15
Greetings,

While studying how to use candlesticks with S&R 4 today, I wonder which timeframe it should be to determine an entry point? Let’s assume it might develop an inside down trend. Should I wait for 2-3 4H candles, or let it be 1H / 15M to help me out with entry point?

I am also having some difficulty charting S&R levels. If I draw them on Monthly timeframe for swing trades, I don't see them correctly on Weekly or Daily timeframes. They give me completely different trends.

I'll be glad if I could get some feedback on this.
 

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kim855

Private, 1st Class
Messages
58
i was told 4 hour close candle for confirmation of the trade then look at 15min for price action to get a good entry
 

Fenrilrajas

Private
Messages
27
Everything depends on the market situation and the chosen strategy...
But I wouldn't look through information on distant timeframes, it's for sure, it won't reveal serious regularities at all...
 

Akwin

Private, 1st Class
Messages
50
Everything depends on the market situation and the chosen strategy...
But I wouldn't look through information on distant timeframes, it's for sure, it won't reveal serious regularities at all...
hello, I am a beginner just need to know what time frames should I track?
 
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