Hello, i am newbie to forex till now half year....
whats the relationships Time frame with Enter/Exit?
whats the relationships Time frame with S/L and T/P?
i want to ask even more about the time frame and enter/exit ,S/L, T/P relationships.... i am trade on 1H, go to 4H and daily chart mark those important trendline and S+R levels. those trendlines and S+R on 4H, Daily chart are more important than on 1H. then, when setting stop loss all the 1H, 4H and daily chart can show some different stop loss levels, and the same thing 1H, 4H, Daily char can show some different taking profit,... i am always hesitating those informations, i like to use 1H because i have full time to trade.....
so, my question is:
1. under the TF=1H trading strategy, which time frame(1H, 4H, daily) would be better for setting S/L?
2. under the TF=1H trading strategy, which time frame(1H, 4H, daily) would be better for setting T/P?
3. under the TF=1H trading strategy, which time frame(1H, 4H, daily) better exit(out) a trade?
Thanks.
whats the relationships Time frame with Enter/Exit?
whats the relationships Time frame with S/L and T/P?
i want to ask even more about the time frame and enter/exit ,S/L, T/P relationships.... i am trade on 1H, go to 4H and daily chart mark those important trendline and S+R levels. those trendlines and S+R on 4H, Daily chart are more important than on 1H. then, when setting stop loss all the 1H, 4H and daily chart can show some different stop loss levels, and the same thing 1H, 4H, Daily char can show some different taking profit,... i am always hesitating those informations, i like to use 1H because i have full time to trade.....
so, my question is:
1. under the TF=1H trading strategy, which time frame(1H, 4H, daily) would be better for setting S/L?
2. under the TF=1H trading strategy, which time frame(1H, 4H, daily) would be better for setting T/P?
3. under the TF=1H trading strategy, which time frame(1H, 4H, daily) better exit(out) a trade?
Thanks.