Higher time frame is the key to profit from long moves.88FX88 wrote: Fri Sep 20, 2024 5:19 am I know that when I tried to take long moves, the price often returned to the SL, and instead of making money, I struggled with the chart and the price on that chart. And now when I see a + on my account, I just take it. I prefer to make a dozen or so, sometimes more (sometimes even a few dozen, when I shoot, like with an UZI) trades during the day than to hold one trade for a longer period of time.
Try to look for a reaction in a higher time frame and search for a xard pattern in the lower time frame.
In this example price on the M15 reacted to a FVG by testing it one last time before taking off while also sweeping internal liquidity.
The reaction on the HTF can be anything, support, resistence, FVG, even the 50, 100 or 200 EMA.
You just need a reason for the price in the M1 chart to not snap back and hit your stop loss.