JayJones
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trueNormally the rule of thumb is two timeframes up. if entering on the 15min mark up 1H and 4H
trueNormally the rule of thumb is two timeframes up. if entering on the 15min mark up 1H and 4H
Everything depends on what timeframe did you choose for trading as your work timeframe, you know. Some beginners pick M1-M5 as their work timeframe and they choose short-time trading. Guess that it's propriate to check a couple of timeframes which are a bit higher than you work one. For example if you choose for trading M1-M5 then you have to check at least H1-H4 or maybe even D1 in case you want to determine th trend line and foresee, for instance, trend reversal or something like that. Remember that which trend do you see on the H1-H4, then the same trend will be at your work timeframe. Keep going.hello, I am a beginner just need to know what time frames should I track?
Check for time with high liquidity.hello, I am a beginner just need to know what time frames should I track?
You should look for entry points on lower timeframes because when you zoom in you can see pullbacks against direction you want to take which basically give you slightly better risk-reward and reduce potential holding time of your trades.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.