Forexlearner wrote: Fri Jan 27, 2023 8:15 pm
i think there is always an argument for this, and if you look at 4H you will also avoid some bad trades that you'd took looking at 1H. But you will also miss a lot of trades.
Anyway as a new trader i'm loving this discussion of time frames. I hate 1M personally
To be honest, I really thought I had it all down on the 30 min, but yesterday's failed entry was the 1st one in like 3 months and it got me questioning everything, so I decided to go backtest my previous entries in the past 3 months using the 1 hour instead. They seem ok for now but I'm really hoping they stay like that and I don't end up questioning whether I should move up to the 4-hour now.
I also hate the 1M. When I was a complete newbie I started on the 1M on demo and I failed so many trades and didn't feel like I was making any kind of progress. I moved up and that's when I realized basically anything other than the 1M has consistency.