That's correct. I know we've discussed this before and the 4H would be much more helpful, even though there isn't much deviation. Nevertheless, the levels mentioned are still different. For now, I'll have to pop over to the WinOS side of my laptop to render the 4H version of whatever my analysis is, grab a screenshot or two and post it from there. No big deal.
More to come. I'm think of tossing some funds into an IKH-dedicated sub-account on which I'd take trades from 3H/4H/1D charts, and I could post any trades taken here for discussion.
IKH is a very powerful tool that people are intimidated by and/or wholly ignorant of in the West. The same could've been said about candlesticks before Steven Nison published his first book, but look at the pride of place given them by most technicians today. I'm not suggesting IKH is as elemental to trading as the visual representation of a data point (e.g. a 1H period); just that it is a "well-kept Japanese trading secret" about which most western technicians (even many institutional traders and analysts) know relatively little. Hopefully more people will develop some interest on the topic here!
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