Open the platform → 1-minute chart shows a surge → Rush in → Five minutes later, get ambushed back, go back and forth several times, account goes from 1000 to 500, then 500 to 200, until it reaches zero, leading me to doubt whether I am suitable for trading; the sleepless nights after a margin call led me to review my entire process, and I found that it wasn't that I wasn't suited, but that I was always fixated on the 1-minute candlestick, equivalent to running a hundred meters with nearsighted glasses, until I learned to use the 'multi-timeframe candlestick analysis method', which finally allowed me to stabilize profits slowly (suggest to like + save to avoid losing it later):
Why is it easy to lose by only focusing on one timeframe chart?
Trading is like driving; if you only stare at the dashboard without looking ahead, a crash is inevitable.
Only looking at the 15-minute chart can easily lead you to be tricked by 'false moves',
For example:
Clearly a rebound in a downtrend, but you think it's a rising trend;
Clearly a washout in sideways consolidation, but you think it's a breakout;
How to use multi-timeframe candlesticks?
4-hour chart (the steering wheel of the major trend)
Now, every time I operate, the first step is definitely to open the 4-hour candlestick:
Uptrend: Higher highs and higher lows, prioritize going long;
Downtrend: Lower highs and lower lows, avoid going long;
Sideways consolidation: No rush to enter, mainly observe.
Only when the trend is clear and the structure is defined will I continue to look down.
1-hour chart (map for identifying entry and exit positions)
Next, I switched to the 1-hour chart, focusing on finding positions:
Previous highs, previous lows, platform support, dense moving average area;
Look for areas where the market has previously 'reacted';
These areas are the 'opportunity zones' that I focus on observing when the price approaches.
Once I draw support and resistance lines, I won't move around recklessly, waiting for the next signal to appear.
15-minute chart (final triggering signal, precise to the time point)
The price reaching a key position does not mean I can enter immediately.
I need to wait on the 15-minute chart for:
Candlestick patterns (hammer, engulfing, doji);
Reversal signals (MACD bullish divergence, golden cross);
Opportunities for BOLL band expansion and contraction to appear.
This is my final step to decide to 'get in'; if the conditions are not met, I will continue to wait.
Where did I go wrong in the past?
Only looking at small time frames, ignoring the trend, frequently stopping losses;
Rushing to enter without waiting for signals, no plans for stop-loss or take-profit;
Every time I lost money, I blamed it on 'bad luck', instead of reviewing my own logic.
Looking back now, it wasn't that I didn't understand candlesticks, but that I lacked a complete analysis process.
In trading, it's not about how many times you are right, but about how you can make fewer mistakes.
The multi-timeframe analysis method is not 'magical trading', but it can help you establish logic, reduce impulsiveness, and maintain rhythm.
If you are still in the phase of 'being right but acting wrong', you might try this three-timeframe approach.
Or if you are already practicing in a live environment, feel free to contact me; I have organized some illustrated notes that might help you a bit.#BTC再创新高 #趋势交易策略 #币安HODLer空投LA #美联储6月会议纪要 #SECETF审批