Australia's largest stock trading and investment forum Australia's #1 stock forum

I've kind of seen how if you are trading off the 4hrly, then as...

First 1267 Last

Share
Profile

Follow
TwoHandsRevy

922 Posts.

22/02/18

10:29

Post #: 31248799
Share

Originally posted by RickM ↑

Hi Misty
I have noticed a shift in traders now deciding to using the 5 minute chart as a timing vechile for their H4 trading charts over the last year in the group of traders I associate with. You do need to understand price action very well to make this idea work but my view is that you let the trend established for a hour before this time frame becomes useful. Can I ask you if you have considered adding major support and resistance levels to your charts or do you find it adds little to your trading method.

Expand

I've kind of seen how if you are trading off the 4hrly, then as price approaches a SR area then you go into the 5 minute chart and you can see how sometimes the bars printing shows the move slowing down and consolidating etc.
1 Upvote

Reply

There are more pages in this discussion • 3,725 more messages in this thread...

First 1267 Last