Why look at 4-hour, 1-hour, and 15-minute candlesticks?
A few years ago, when I first got into trading, I always focused on the 1-minute chart, eager to enter as I saw market fluctuations. However, I often triggered stop losses after just a few minutes of pullback. After several times, I lost quite a bit and almost gave up. It wasn't until I met a senior trader that I realized the problem was focusing on just one cycle. It was a real eye-opener. Have any of you had a similar experience?
So today, I will talk about my commonly used multi-cycle line trading method, which involves three simple steps to help you grasp direction, find levels, and determine timing.
Here are some valuable insights:
1. 4-hour chart: Determine the overall direction and identify bullish or bearish trends.