Hello pals…please Can i use the 1day time frame for intraday trading…??.. I always want to see the bigger picture for the entire day and i think the 4hr cant accomplish that… i will appreciate your thoughts or ideas on this… thanks…
Its only sensible for all traders to keep an eye on D1.
I think of it like the ship steaming along on its course. Sure, the passengers can go for a run along the deck from front to back and back to the front and from side to side and even up and down through the deck levels. But the ship just keeps on the same course…
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Thanks for the reply pal…
Great analogy!
The daily chart will show you one new candle per trading day. A 4hr chart will show you 6 new candles. I trade utilising the daily chart, but enter and exit on the 4hr chart providing it’s in synch with the Daily trend. Which means it’s intraday trading.
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