Multiple Timeframe Trading - Stop-Loss and Exit?

Beginner Questions
1

Dear all,

I usually check the daily timeframe to see the trend and the 4hr timeframe to enter trades. Which timeframe should I check to set my stop-loss and exit (based on S/R levels and areas)? Should i use the 4hr or daily timeframe?

2

I can tell you what I do. I check the daily charts for market bias and some S/R levels. I enter on the 5 or 15 min time frame depending on the asset class.

I place the stop at the previous swing high/low. My exit is determined on a timeframe that is about half of the entry time frame.

This will work on all time frames. You may need to use some trial and error to figure out the best time frame for entry in your asset class.

3

Have you checked both timeframe in demo account to see the performance how it works?