3 timeframes with 4 hour

Beginner Questions
1

Ok so I’m beginning to put together a strategy for my trading.

Due to work etc I need a slightly longer timeframe, I feel the 4 hour time frame could be good for me.

My question is what timeframes would work well with this to identify longer term trends

Could I do 4hour entry
Daily
Weekly

Is weekly too far apart from the 4 hour?

Would appreciate your advice

Thanks

2

Unless you work a 3 hour day, how is a 4 hour time-frame going to work in practice for your strategy?

3

Because i can check information the night before and check each candle every 4 hours?

i get breaks throughout the day i can also check certain things?

that isnt what i asked?

2 Likes
4

Hi @Shaungliddon 4 hour time frames are fine for the working professional.

On Sunday’s I would recommend reading the daily ,weekly and monthly charts in order to establish any forming channels/patterns as well as support and resistance. That should take you about an hour.

  1. understand technically where the price is heading
  2. monitor the news during the week to see how that is effecting your predictive analysis

Hopefully that helps

2 Likes
5

Do you mean 1 trade per day?
Well, if the 1st 4 hourly candle close up after the opening of the a particular session enter buy. Find out the average daily range for targets projection. Assumption is the daily candle will form a close up candle. Stop loss just the low of that 4hr candle.