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Hourly chart has become my favorite chart. They produce the best levels to trade from. But the best feature they help me with is lowering my trading frequency. Over trading is the ultimate killer of accounts and this chart has helped me with that problem. Thanks for video and please keep them coming.... 🙏
I think this is a good idea. Many times, I've known where the price will go (on the hourly) but traded on the 5m and 15m and been stopped out by noisy wicks, only for the price to go in the hourly direction that I knew it would go in. I've been too eager to place trades I guess.
From experience of over 7 years, I can say H1 is a Golden Timeframe. If you can’t see an entry on H1 chart don’t look below it. If you can see an entry you can go to 15Min for precision purposes. The consequences of focusing on Timeframe below H1 is the noise, what the noise does to you 1. So many entry signals which are not reliable leading to many unnecessary losses 2. Impulsiveness, because the charts move faster you will tend to be fast in your entry decisions as well 👇 3. Uncontrolled position sizing, it speaks for itself if you are in a hurry you will be like let me hit it Big I will manage my positions later on (which is a Big lie to yourself 4. Big losses are going to break your heart. Take care.
I switched from 15 to 1 hr and I’ve been profitable at an extremely high accuracy rate and I’m taking less trades and a lot less stressed with little anxiety. Usually I’ll take 3-5 trades now when before I was taking an average of 12.
I like to view 90 day daily, 5 day hourly, 1 day 3 minute. And trade off the 3 minute with the others in view. If I only trade by hourly, I’m more likely to end up holding overnight and am no longer a day trader subject to overnight sell offs. Been there, done that.
Great blog. Personally, I prefer the 2-hour Heiken Ashi chart with a 100 sma. Gives a great overall picture of what is going on. A change of colour in the H/A candle gives a great indication a pullback might be over.
1/5/15/ 4Hr Or go through all of them Some platforms even have it by the second I mean you get the real feel of whatever your looking at I know it’s a lot of noise but I wouldn’t trade any other way . I love the 1/15/4hr I trade crypto just quit stocks but it depends really what your trading .
I honestly start from daily, filter out nonse, move to HR, rinse and repeat, and if it makes it all the way down to the 2 min chart, from 1 day,( I use 100 ranges, 1 second ticks all the way hup to daily. & Most often if we get this far with the chart, I'll be likely to place a precision entry that's worth holding a few days, never rolls back at me, almost; & if it does, I cut the loss before it's a loss
Excellent content thanks. This is the nudge I need after trading low TFS and pushing like hell to make it work consistently for some time my account balance is up and down like crazy and I'm not making the progress I expect. H1 it is from now👍
Yep, i think even RSI(21) cancels noise, or Soch(34). Bollinger was favoring the 1/2 chart, while LBR said she likes the most 11 bars in a divergence... According to an interview with Lane, the Stochastic Oscillator “does not follow price, it does not follow volume or anything like that. It follows the speed or the momentum of price. As a rule, the momentum changes direction before price.” Anyway there is a lot to watch, and i was watching foremost price cycles, and volume, so well i forgot structure etc. I dunno how i could think i'm "good" in trading... :-( Also if you watch closely, MACD and Stoch give similar signals on m5, so what to do with the MACD... ? ALso i never get the stochastic RSI to show anything useful.. But Ehler likes it because it's so sharp...
I've been looking at tick by tick when trying to scalp TSLA. Seems like it was trading in 5 minute cycles so it was really useful for optimising entry.
I think 4h is the best adapted to the intermediate trend, 10 days or so. It would have avoid me to get stuck in the range, from Jan 25 to the end of the month, also you can see pattern (on Euro) But 1 minute is also more relevant than one think.
Also, may I offer that if we are unable to trade NYSE etc or other high volume markets due to our location/lifestyle and are trading a small market like Thailand SET for example there is not enough volume coming in to form candles on less than the 1-hour chart and in many cases we need even longer to form a candle. There are however still nice trends and price changes over that longer time frame. So this is another advantage of the 1 hour, we can see the candles form in these smaller markets. I trade stocks. Thanks
I use the 1 minute chart for scalping, the 5 minute chart for day trading, the daily chart over four months + 30 minute chart over two weeks to swing trade.
I like this quote from AL Brooks : You are entitled to nothing In your heart, you know that this cannot be true, but you hope that it is. You feel entitled to at least a small part of the pie. You want a sign that you are lovable and not insignificant, and that the big boys and girls are going to include you in their game. Is it too much to ask for just a little profit, especially if you are willing to work hard and follow some trading rules that a trading expert said would earn you $1,000 a day? Won’t Wall Street have some sympathy for a beginner and share some crumbs? They might be crumbs to Goldman Sachs, but they are big enough to give you a nice lifestyle. You are being reasonable and are willing to promise to not take too much. You are a good person and are appropriately deferential. Doesn’t Wall Street care, and aren’t the firms willing to go easy on you so that you can make a living, even a meager one? The markets are fair Well, guess what? You are entitled to nothing :-), in : Is there a perfect trade setup when trading online November 15, 2020 By Al Brooks, MD
If only the algos were trading, they could have finish the day in 15 mn, or less. So we can only trade, because some agents WAIT for others to take decisions...
I think it depends of ones personality and strategies. I simply don't want to wait for hours, but I like fast action. This is why I use the 1 minutes timeframe.
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
Hourly chart has become my favorite chart. They produce the best levels to trade from. But the best feature they help me with is lowering my trading frequency. Over trading is the ultimate killer of accounts and this chart has helped me with that problem. Thanks for video and please keep them coming.... 🙏
Thanks for sharing that 👍
I think this is a good idea. Many times, I've known where the price will go (on the hourly) but traded on the 5m and 15m and been stopped out by noisy wicks, only for the price to go in the hourly direction that I knew it would go in. I've been too eager to place trades I guess.
Same thing happened to me. Just like that.
I always use 1 hour chart in my day trading based on my own experience. It works much better for my setups. Good to hear conformation from Mark!
15min can also be used
From experience of over 7 years, I can say H1 is a Golden Timeframe. If you can’t see an entry on H1 chart don’t look below it.
If you can see an entry you can go to 15Min for precision purposes. The consequences of focusing on Timeframe below H1 is the noise, what the noise does to you
1. So many entry signals which are not reliable leading to many unnecessary losses
2. Impulsiveness, because the charts move faster you will tend to be fast in your entry decisions as well 👇
3. Uncontrolled position sizing, it speaks for itself if you are in a hurry you will be like let me hit it Big I will manage my positions later on (which is a Big lie to yourself
4. Big losses are going to break your heart. Take care.
I switched from 15 to 1 hr and I’ve been profitable at an extremely high accuracy rate and I’m taking less trades and a lot less stressed with little anxiety. Usually I’ll take 3-5 trades now when before I was taking an average of 12.
I’m lately testing trading on the hourly with Heiken Ashi candles, and I’ve found this to be a very effective way to trade moves.
Your videos are so helpful it's actually insane the knowledge you've given me in only a few hours for free!
4 hour for structure, 2 hour for entry. I'm a swing trader.
Thanks Mark! I love your video :) looking forward to seeing another video of yours tomorrow :) as my notification bell is always on.
Daily for direction- hourly for the setup- 1 min for entry. Thank me later
Love your channel
I like to view 90 day daily, 5 day hourly, 1 day 3 minute. And trade off the 3 minute with the others in view. If I only trade by hourly, I’m more likely to end up holding overnight and am no longer a day trader subject to overnight sell offs. Been there, done that.
Great blog. Personally, I prefer the 2-hour Heiken Ashi chart with a 100 sma. Gives a great overall picture of what is going on. A change of colour in the H/A candle gives a great indication a pullback might be over.
1/5/15/ 4Hr
Or go through all of them
Some platforms even have it by the second I mean you get the real feel of whatever your looking at I know it’s a lot of noise but I wouldn’t trade any other way .
I love the 1/15/4hr
I trade crypto just quit stocks but it depends really what your trading .
I honestly start from daily, filter out nonse, move to HR, rinse and repeat, and if it makes it all the way down to the 2 min chart, from 1 day,( I use 100 ranges, 1 second ticks all the way hup to daily. & Most often if we get this far with the chart, I'll be likely to place a precision entry that's worth holding a few days, never rolls back at me, almost; & if it does, I cut the loss before it's a loss
Excellent content thanks. This is the nudge I need after trading low TFS and pushing like hell to make it work consistently for some time my account balance is up and down like crazy and I'm not making the progress I expect. H1 it is from now👍
I’ve been learning a lot from your channel. You’re a great teacher.✨
Great Video. I trade off the 1 hour and 15 min.
Yep, i think even RSI(21) cancels noise, or Soch(34). Bollinger was favoring the 1/2 chart, while LBR said she likes the most 11 bars in a divergence... According to an interview with Lane, the Stochastic Oscillator “does not follow price, it does not follow volume or anything like that. It follows the speed or the momentum of price. As a rule, the momentum changes direction before price.”
Anyway there is a lot to watch, and i was watching foremost price cycles, and volume, so well i forgot structure etc. I dunno how i could think i'm "good" in trading... :-(
Also if you watch closely, MACD and Stoch give similar signals on m5, so what to do with the MACD... ?
ALso i never get the stochastic RSI to show anything useful.. But Ehler likes it because it's so sharp...
I've been looking at tick by tick when trying to scalp TSLA. Seems like it was trading in 5 minute cycles so it was really useful for optimising entry.
hey thank you so much. Love to your Channel from India.
I think 4h is the best adapted to the intermediate trend, 10 days or so. It would have avoid me to get stuck in the range, from Jan 25 to the end of the month, also you can see pattern (on Euro) But 1 minute is also more relevant than one think.
This is one of the best channels I've seen for a while. There are a lot of garbage out there.
I'm go to give this a try tomorrow! I'm always on the 2M, 5M!
Also, may I offer that if we are unable to trade NYSE etc or other high volume markets due to our location/lifestyle and are trading a small market like Thailand SET for example there is not enough volume coming in to form candles on less than the 1-hour chart and in many cases we need even longer to form a candle. There are however still nice trends and price changes over that longer time frame. So this is another advantage of the 1 hour, we can see the candles form in these smaller markets. I trade stocks. Thanks
Great Video as always.
Thanks you sir i am from India
The 5 minute chart is the account executioner, remember that.
True.. Only trade at 15min tf or more
I find support and resistance on the hourly, but mostly I’m looking at the 10 minute.
Thanks a lot. Bro. 1 hour timeframe is really cool.
Thanks Mark!!
15minutes, 30minutes, 1hour, 4 hour and daily timeframe.. Best timeframes to trade forex
Me again. Sorry. You are so right with the 1h TF, but i don't see anything on my PC screen, so on my smartphone, i understand so much more things ...
What is the imporatance of Tail on 1 hr candle?
Lad your videos are the shit! Genuinely if I ever feel tilt they calm me down haha thanks! 👊🏻
I use the 1 minute chart for scalping, the 5 minute chart for day trading, the daily chart over four months + 30 minute chart over two weeks to swing trade.
Can you do video on best setups to look out for..
Make a search on the channel for anything you want for th-cam.com/users/ukspreadbettingsearch?query=best%20setups
I like this quote from AL Brooks :
You are entitled to nothing
In your heart, you know that this cannot be true, but you hope that it is. You feel entitled to at least a small part of the pie. You want a sign that you are lovable and not insignificant, and that the big boys and girls are going to include you in their game.
Is it too much to ask for just a little profit, especially if you are willing to work hard and follow some trading rules that a trading expert said would earn you $1,000 a day? Won’t Wall Street have some sympathy for a beginner and share some crumbs?
They might be crumbs to Goldman Sachs, but they are big enough to give you a nice lifestyle. You are being reasonable and are willing to promise to not take too much. You are a good person and are appropriately deferential. Doesn’t Wall Street care, and aren’t the firms willing to go easy on you so that you can make a living, even a meager one?
The markets are fair
Well, guess what? You are entitled to nothing
:-), in :
Is there a perfect trade setup when trading online
November 15, 2020 By Al Brooks, MD
I trade the 1 hour to save time
What is the average time trades take to reach TP on the hourly chart for you guys?
Mine’s within a week with a couple anomalies that take longer
Love u sir
Why not 65 minute candles? There's a round 10 per day. With 60 minute, the last candle is only 30 mins.
thank you
Me ready for stonk now thanky
Different pairs, different timeframes, different uses. Nothing is general in forex unlike cryptos 👍
This post is very timely
I look at 2 hr and execute at 15 min...
Can’t use it if your trading in the first hour I prefer the 10/15/30
What's noise to one person is a source a lot of money for another.
If only the algos were trading, they could have finish the day in 15 mn, or less. So we can only trade, because some agents WAIT for others to take decisions...
I think it depends of ones personality and strategies. I simply don't want to wait for hours, but I like fast action. This is why I use the 1 minutes timeframe.
How are you looking younger??!!??
Difficult
I do 15min 30mints and 4h
Day 1 is superior to any time frame.
😅
Whats the point of telling this to new traders if they're gonna look at whatever the hell they want lol 😆
The 1 hr takes to long, and most of time its just up and then back down, so after 2-3hrs the price hasnt gone any way.