im a newbie here appreciate that if you guys could help me out here.
how do i trade using h4 timeframe. i keep loosing when entering h4 timeframe using this technical anylysis. its different when i enter h1 timeframe. i could win in h1 but not h4.
what are the factors that i need to be aware of when entering at h4
appreciate your kind help.
Shinoda, your mistake is obvious to me (and I am new to this as well)...you haven't read ALL the thread. It takes a long time but all will be revealed.
I took the long GU trade on the 1hr chart and closed when it hooked over for a 25pip profit, I'm not sure if I should have taken it but the green had crossed the red bar, slope looked Ok and it worked out
I took the long GU trade on the 1hr chart and closed when it hooked over for a 25pip profit, I'm not sure if I should have taken it but the green had crossed the red bar, slope looked Ok and it worked out
Ignored
This time of the day / night G U will do that most days I think about 20/25 min after the open london it will turn and run the other way .
Guys, I am a bit confused as to when to use H4 and when to use H1. I know Big E has said this: "If it's 6am I just close all 4hr trades and go to 1hr charts..."
His 6am is my 2pm UK time (1pm GMT). So this means H4 from Euro/London open to about NY open then switch to H1? It seems to me that some are switching Time frames arbitrarily.
I would be grateful to hear from Big E or experienced traders of this strategy.
Please see my picture below.
on 5 GMT, I'm really sure that the TDI was flat
But Now...seems that on 5 GMT the TDI was showing bounce trade, as for the last 4 hours, the price progress to go up.
If we meet conditions like this, is it still valid for 9 GMT (which is will be 7 minutes later) to enter the Bounce Trade? As if we backtest the trade and see current condition the chart, we will think that a Buy setup must occured 4 hours ago?
