Thailand

2025-05-30 13:50

IndustryTips for Longer trade timeframes
#CommunityAMA Trading on longer timeframes—such as 4-hour, daily, or weekly charts—offers many benefits like reduced noise, less emotional stress, and stronger trade signals. But it also requires a disciplined and strategic approach. Here are some key tips for trading longer timeframes in forex: 🧠 1. Understand the Big Picture Focus on macro trends driven by fundamentals (interest rates, central bank policy, geopolitics). Check the weekly and daily charts first to spot the overall trend before zooming in. Use the top-down approach: Weekly → Daily → 4H (for refining entries). ⏳ 2. Be Patient and Selective Good setups on higher timeframes are rare but more reliable. Don’t chase the market—wait for clear signals (e.g., breakouts, pullbacks, trend confirmations). Accept that you may have days or even weeks with no trades. 🧮 3. Use Wider Stop-Losses and Proper Position Sizing Volatility is higher on longer timeframes, so stops need to be wider. Use a forex position size calculator to adjust lot size based on your stop distance and risk per trade (typically 1-2% of your account). 📊 4. Favor Technical Tools That Work on Big Trends Recommended tools: Moving Averages (50/200 MA): Identify trend direction and dynamic support/resistance RSI / MACD: Spot momentum shifts and trend continuation Fibonacci retracements: Measure pullback levels in trending markets Price Action Patterns: Double tops/bottoms, flags, triangles, pin bars, etc.
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Tips for Longer trade timeframes
Thailand | 2025-05-30 13:50
#CommunityAMA Trading on longer timeframes—such as 4-hour, daily, or weekly charts—offers many benefits like reduced noise, less emotional stress, and stronger trade signals. But it also requires a disciplined and strategic approach. Here are some key tips for trading longer timeframes in forex: 🧠 1. Understand the Big Picture Focus on macro trends driven by fundamentals (interest rates, central bank policy, geopolitics). Check the weekly and daily charts first to spot the overall trend before zooming in. Use the top-down approach: Weekly → Daily → 4H (for refining entries). ⏳ 2. Be Patient and Selective Good setups on higher timeframes are rare but more reliable. Don’t chase the market—wait for clear signals (e.g., breakouts, pullbacks, trend confirmations). Accept that you may have days or even weeks with no trades. 🧮 3. Use Wider Stop-Losses and Proper Position Sizing Volatility is higher on longer timeframes, so stops need to be wider. Use a forex position size calculator to adjust lot size based on your stop distance and risk per trade (typically 1-2% of your account). 📊 4. Favor Technical Tools That Work on Big Trends Recommended tools: Moving Averages (50/200 MA): Identify trend direction and dynamic support/resistance RSI / MACD: Spot momentum shifts and trend continuation Fibonacci retracements: Measure pullback levels in trending markets Price Action Patterns: Double tops/bottoms, flags, triangles, pin bars, etc.
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