Teach you three foolproof trading methods: look big and act small, simple and efficient!
1. Determine direction with the 4-hour chart
Rely on it to see the big trend:
• Uptrend: lower lows are getting higher, wait for a pullback to the support level (like moving averages or previous lows) to buy
• Downtrend: higher highs are getting lower, wait for a rebound to the resistance level to sell
• Sideways movement: don't act recklessly, wait for a breakout to decide
Remember: if the direction is wrong, all efforts are in vain!
2. Find positions with the 1-hour chart
Look for key points in the trend:
• Support level: near previous lows or moving averages, suitable for buying
• Resistance level: near previous highs or moving average pressure, suitable for selling
• Breakouts should be accompanied by volume; a breakout without volume may be a false signal
3. Seize opportunities with the 15-minute chart
Short-term buying and selling is focused here:
• When a reversal pattern appears (like engulfing, golden cross), you can take action
• Always set a stop loss, placed outside the key level
• Quick in and out, don't linger in battle
Three steps in practice:
1. Confirm bullish or bearish with the 4-hour chart
2. Define buy and sell areas with the 1-hour chart
3. Find specific entry points with the 15-minute chart
This method can help you:
• Not be confused by small fluctuations
• Capture large market movements
• Make buying and selling points more precise
