No problem Rick, Was just a little unsure why you were always...

  1. 221 Posts.
    No problem Rick,

    Was just a little unsure why you were always saying I'd disagree. Now it makes sense.

    The 1hr traps most in because it's that middle ground where you still don't have to look at the screen the whole time but still get all the action. They tend to put tight stops but the reality is, if you're on the 1hr your stop should be at bare minimum where it would be for a 4hr chart otherwise you'll get stopped out from the slightest whipsaw.

    I also find that traditional candlestick patterns don't really work on the 1hr as often as other time frames. 1hr isn't really long enough to get a reliable outcome on each candle .. but it's definitely a good timeframe to spot weakness/indecision around key areas and time your entry.
 
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