entry based on break on the level of h4 and used some new techsorry for late signal but it will hit it you can ask any question about it
HOW TO USE MULTIPLE TIME FRAME ANALYSIS??
Iam trading for more than 10 years and i used every trading tools and strategies , example; order flow, sentiment, renko system ,point and figure and other very strong strategies but i understood this forex market is fractal(meaning what u see yesterday that repeats again and again in any time frame, so i found that multiple timeframe analysis is best, in past traders use only moving average and 1- days or 10 days closes breaks they generate bout 80% a year that time, but now brain have improved and people found so many techniques with that tools now we can generate any% of money, yes iam serious, now traders making more than banks, at the same time people losing more than bank,, but its natural because when you sell there should be a enough buyer that's vice versa for buying too, so i know so many strategies and in internet there are some 1st grade strategy, what is 1st grade
grades of strategy:
( grades are not based on risk to reward because quality is important more than quantity )
1st grades: minimum more than 90% accurate, minimum 1 risk to reward
2nd grade: more than 75% minimum 1 risk to reward
3rd grade; minimum 60% accurate minimum 1 risk to reward
4th grade: minimum 55% accurate minimum 1.05 risk to reward
i use 1st grade strategy i developed step by step even if i teach you you cannot trade like me because its the personality that matches not the knowledge, you can have 1st grade accurate even if you use only support and resistance but if it not matches your personality(meaning: patience limit, psychology, emotional intelligence, you may ask that if we had that type of accuracy you can become a billionaire yes you can but accuracy is not the judge weather you can earn a billion in trading its, the plan that desides you can make billion or million, you can have 98% accuracy but you cannot make billion or million with 0.01 yes but even you throw 1000 lots you cannot because you got 2% against your winning so you can see the billionaire traders as proof in the real world that accuracy is not matters but risking plan matters
what determines risk?
your risk is determined by the grade you have in the market
here are the risk you can keep for the grade.
1st grade=10% maximum
2nd grade= 7% maximum
3rd grade= maximum 3%
4th grade= maximum 1.5%
I can give you information for free that may increase your win rate; that is what iam going to tell you today
the secret of trading multi time frame is not choosing 2 time frame that you like, but instead choosing what is the pair time frame THAT WORKS!!,you can use.
HERE ARE THE PAIR TIME FRAME THAT GIVES MORE WIN RATE:
SCALPING; 15 MINS- 1 MINS
DAY TRADING; 4H-1H-15MINS
SWING TRADING; W-D-4H
POSITIONAL TRADING; M-W-D (FUNDAMENTAL ANALYSIS NEEDTED )
IN NEXT POST I WILL TEACH ABOUT MIDDLE TF LEVEL OR BIG SCREEN LEVEL THAT WORKS IN THE SMALLER TIMEFRAME ,
THANKS FOR THE TRADINGVIEW TEAM THAT SREADING THIS INFORMATION!!
