Hey guys, I have a question - how many H4 traders are there among us?
I've been working on my H1 trading plan for the last couple of weeks, pretty successful so far, but still I feel like I'm more of a "H4 man", I feel a lot more calm, steady, and can actually get life stuff done heh. It would be probably best for me to start working on a H4 plan, but you know how it is when you hop on a higher TF... I just get itchy when there are so many smaller, more precise H1 trades especially during early London.
While I do some backtesting and studying of H4 charts, do you have any special advice? Do some patterns become more relevant, how much S/L risk is reasonable, average PA move per TMS trade for some pairs you trade? etc etc.. anything you might find useful. By the way, most of the times it should be possible for me to wake up for those Asian session candles
I've been working on my H1 trading plan for the last couple of weeks, pretty successful so far, but still I feel like I'm more of a "H4 man", I feel a lot more calm, steady, and can actually get life stuff done heh. It would be probably best for me to start working on a H4 plan, but you know how it is when you hop on a higher TF... I just get itchy when there are so many smaller, more precise H1 trades especially during early London.
While I do some backtesting and studying of H4 charts, do you have any special advice? Do some patterns become more relevant, how much S/L risk is reasonable, average PA move per TMS trade for some pairs you trade? etc etc.. anything you might find useful. By the way, most of the times it should be possible for me to wake up for those Asian session candles