I was actually talking with someone about this today.. If I pick a level off my 30 min or 4 hr even and price moves into a spot where I would be looking at for a entry if my risk management allows . I may look for a entry on say a 5 min but I would keep my stop off the higher frame. initially. if not we could see ourselves stopped and then price move in our intended direction .
It works better on say a 30 min instead of a 4hr as the difference is greater. but a faster chart can allow us to enter closer to our higher time frame stop which always lowers risk.
Ken
It works better on say a 30 min instead of a 4hr as the difference is greater. but a faster chart can allow us to enter closer to our higher time frame stop which always lowers risk.
Ken
Good Trading To All ; Ken Lee