Hi
What are the best time frames to use for swing trading and which time frames would you plot your s/r lines on
Hi
What are the best time frames to use for swing trading and which time frames would you plot your s/r lines on
I open swing trades on the 4hr TF providing it’s in accordance with the Daily trend. Also I review what’s happening on the 15m as a precautionary understanding that would not materialy affect my trade.
I like 4h and 8h, love seeing the day broken down
same condition i have , like 4th and 8th.
I like H4 and D charts
So do you plot your s/r zones on the daily or 4hr and do you use any indicators
What pairs do find are best to use for swing trades
As I’m entering on the 4hr, I choose any S&D or S&R zones if it is trending. I don’t trade otherwise. As for indicators yes, several that need to be in synch. Ichimoku, RSI 50, MACD & PSAR, all tweaked to show a quicker reaction.
However, while indicators are useful for entry/exit points, that doesn’t mean the trade will be a winning one as a spike or whiplash could blow the trade out. Which is what happened to my EUR/NZD buying trade yesterday c.two hours into London session.