2 thoughts on “How to choose a time frame for foreign exchange transactions?”
Walter
If traders are attached to a single time structure, their vision and views will be limited. The real trading god will jump out of the market to see the market, use the signal of higher time structure as a prerequisite, and then enter and exit based on a lower time structure signal to determine how the main trends, important support and pressure, how to set the stop point, etc. , Thereby increasing the chance of transaction. The trading strategy that can increase the win rate is called multiple time framework transactions, also known as multiple time cycle transactions. Multiple time framework transactions refer to the use of multiple time frameworks to analyze the entry position, and then transaction according to this. Traders using multiple time frameworks are not limited to a time framework. They use multiple time framework for technical analysis and finally determine the most suitable framework to execute. How to use multiple time framework trading strategies on different time frameworks, the market may look completely different. The triple time framework is a common choice method. The trend indicators are used to determine the market trend and direction on the long -term framework; the shock indicators and support resistance indicators are used to determine the key position and the entry point on the medium -term time frame; Under a minimum framework, a variety of methods are used to set up transaction orders. The following are the three main steps to use this strategy: 1. Check the larger time framework First start checking potential trading opportunities from a larger time frame. You can usually see the moon map, Zhou chart, and sun chart as a larger time framework, and start from the monthly map, from large to small to find transaction opportunities. 2. Pay attention to the recent trading opportunities that may appear in the near future At this step, you only need to focus on finding a trading opportunity that may appear in the next week or last 1-2 days. Do not find any long-term trading opportunities Essence Use the trend line, passage, and Fibonacci to retreat, and then wait for the price to trigger the transaction settings. must write down the position of the indicator and continuously monitor. Because sometimes the price changes too fast, and when you trigger the transaction settings, you have missed excellent trading opportunities before you have time. 3. Switch to a smaller time frame When the price reaches the trend line (or support/resistance level, Fibracht level, etc.) you draw on the moon chart, immediately switch to the 4 -hour chart Check the price trend in it, and then switch to 1 hour to see the price trend. If you see the opportunity to short in a large time frame, then you need to find a decoction of candles in the hour framework to confirm the direction. If you see a lot of opportunities in a large time frame, you need to find a candle in the hour -to -frame framework. What is explained is: Sometimes you can't see a reliable reverse candle form on the 1 -hour chart. At this time, you can switch to the 4 -hour chart to find. A good methods and good plans are theoretical, just things on paper, their value must be created by investors' behavior. Therefore, as the application of other trading methods, multiple time framework trading strategies require investors to first simulate the transaction. In the process of simulation transactions, not only can the trading method be suitable for themselves, but they can also help themselves overcome their fear, so as to thus To ensure the execution of the transaction plan.
It is recommended that Xiaobai use fluctuations or long -term transactions to see some large time frameworks. It is not recommended to do in -day or short -term transactions, short -term transactions or ultra -short -term transactions. For some novices involved in the market, I want to want Profit is almost impossible. But often the reality is that Xiaobai will choose short -term transactions, or even ultra -short -term transactions. The position holding time is only a few minutes. The reason is that Xiaobai's mentality is too impatient. Holding the mentality of getting rich overnight, he has no patience to wait. For short -term operations, so that the editor only had helplessness.
So choosing the best time frame depends on your own actual situation. Each trader has its own special features, and the time frame should be "right medicine." It was also mentioned before that the multiple time framework analysis is very useful for technical analysis.
If traders are attached to a single time structure, their vision and views will be limited. The real trading god will jump out of the market to see the market, use the signal of higher time structure as a prerequisite, and then enter and exit based on a lower time structure signal to determine how the main trends, important support and pressure, how to set the stop point, etc. , Thereby increasing the chance of transaction.
The trading strategy that can increase the win rate is called multiple time framework transactions, also known as multiple time cycle transactions. Multiple time framework transactions refer to the use of multiple time frameworks to analyze the entry position, and then transaction according to this. Traders using multiple time frameworks are not limited to a time framework. They use multiple time framework for technical analysis and finally determine the most suitable framework to execute.
How to use multiple time framework trading strategies on different time frameworks, the market may look completely different. The triple time framework is a common choice method. The trend indicators are used to determine the market trend and direction on the long -term framework; the shock indicators and support resistance indicators are used to determine the key position and the entry point on the medium -term time frame; Under a minimum framework, a variety of methods are used to set up transaction orders. The following are the three main steps to use this strategy:
1. Check the larger time framework
First start checking potential trading opportunities from a larger time frame. You can usually see the moon map, Zhou chart, and sun chart as a larger time framework, and start from the monthly map, from large to small to find transaction opportunities.
2. Pay attention to the recent trading opportunities that may appear in the near future
At this step, you only need to focus on finding a trading opportunity that may appear in the next week or last 1-2 days. Do not find any long-term trading opportunities Essence Use the trend line, passage, and Fibonacci to retreat, and then wait for the price to trigger the transaction settings.
must write down the position of the indicator and continuously monitor. Because sometimes the price changes too fast, and when you trigger the transaction settings, you have missed excellent trading opportunities before you have time.
3. Switch to a smaller time frame
When the price reaches the trend line (or support/resistance level, Fibracht level, etc.) you draw on the moon chart, immediately switch to the 4 -hour chart Check the price trend in it, and then switch to 1 hour to see the price trend.
If you see the opportunity to short in a large time frame, then you need to find a decoction of candles in the hour framework to confirm the direction. If you see a lot of opportunities in a large time frame, you need to find a candle in the hour -to -frame framework. What is explained is: Sometimes you can't see a reliable reverse candle form on the 1 -hour chart. At this time, you can switch to the 4 -hour chart to find.
A good methods and good plans are theoretical, just things on paper, their value must be created by investors' behavior. Therefore, as the application of other trading methods, multiple time framework trading strategies require investors to first simulate the transaction. In the process of simulation transactions, not only can the trading method be suitable for themselves, but they can also help themselves overcome their fear, so as to thus To ensure the execution of the transaction plan.
It is recommended that Xiaobai use fluctuations or long -term transactions to see some large time frameworks. It is not recommended to do in -day or short -term transactions, short -term transactions or ultra -short -term transactions. For some novices involved in the market, I want to want Profit is almost impossible. But often the reality is that Xiaobai will choose short -term transactions, or even ultra -short -term transactions. The position holding time is only a few minutes. The reason is that Xiaobai's mentality is too impatient. Holding the mentality of getting rich overnight, he has no patience to wait. For short -term operations, so that the editor only had helplessness.
So choosing the best time frame depends on your own actual situation. Each trader has its own special features, and the time frame should be "right medicine." It was also mentioned before that the multiple time framework analysis is very useful for technical analysis.