Also been on Daily for a while, and now even started looking at some Weekly and Monthly chart setups too. Usually I will know what setups I am looking for before the week even begins, so I no longer have to make any impulsive decisions!
Daily chart with stop losses that are 100 to 200 pips away is far less stress. Trading platforms go down, gaps widen after close, news and weekends all these problems disappear on the daily!
Etienne, are you purely a TA trader or do you combine this as a confirmation step after identifying a trade setup based on fundemental analysis and price action?
Timeframe is mostly about risk levels. A proper stop many times is simply too large. On Friday, even a one bar range on NQ was over 300 points. If that was your stop, it's $6,000 risk. Most will not feel comfortable with that idea.
I want to start trading on the 1D chart and this video helped me. I like your strategy. What’s the name of your indicator on trading view? Usually I look at the 1H chart for key levels and enter on the 5M (with momentum divergence against price).
Are daily charts better (more profitable) than the 4H? My guess is that it is. It trends better and there is a better chance of not getting stopped out by whipsaws.
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Also been on Daily for a while, and now even started looking at some Weekly and Monthly chart setups too. Usually I will know what setups I am looking for before the week even begins, so I no longer have to make any impulsive decisions!
Daily chart with stop losses that are 100 to 200 pips away is far less stress. Trading platforms go down, gaps widen after close, news and weekends all these problems disappear on the daily!
Daily charts are my go to to set stop losses.
Etienne, are you purely a TA trader or do you combine this as a confirmation step after identifying a trade setup based on fundemental analysis and price action?
Timeframe is mostly about risk levels. A proper stop many times is simply too large. On Friday, even a one bar range on NQ was over 300 points. If that was your stop, it's $6,000 risk. Most will not feel comfortable with that idea.
Do you open trades at the top of bars like that?
@@lemonlime5865 No, just commenting on ranges for risk using daily bars,
You can use minis, and that would be 600$ :)
I want to start trading on the 1D chart and this video helped me. I like your strategy. What’s the name of your indicator on trading view?
Usually I look at the 1H chart for key levels and enter on the 5M (with momentum divergence against price).
thank you
Excellent video. Will investigate this
Are daily charts better (more profitable) than the 4H? My guess is that it is. It trends better and there is a better chance of not getting stopped out by whipsaws.
I have 200 dollar in my etoro. Do you mind to share what's the good flatform or broker? Thanks
The best platform is finding a job to fund more
What sort of win rate do you get on the daily charts 50% or better
It’s not only a win rate it’s the % of loss to the % of profit on profitable trades. You can have a 25% hit rate and still be hugely profitable.
Richard Dennis , 400 million dollar trader had a 5% winrate but his trades were monsters.
I would shit my pants if I lost 10% in a day.
Same I have 100$ account balance
I'd love to get the information but your English is really off.
I don’t understand your accent, Which accent do u speak?
Bro just got a nasally lisp
Super hard to understand man!
Quebec