moonchild
VIP Contributor
A trader trading the higher timeframe is basically called a swing trader, this sort of traders look for opportunities in the higher time frame with the 4 hour timeframe as the entry, it is important to understand that, swing trader can hold a trade for a week or even more depending on the signal that market is giving him.
To trade the higher time frame, you have to learn to practise price action on the higher time frame as noted earlier and only use the lower time frame for entries and exits, use the weekly and daily to understand the movement and where price is likely to go.
This type of trading is incredibly profit because you can leave your trade to run for days and go do other stuffs with your time.
To trade the higher time frame, you have to learn to practise price action on the higher time frame as noted earlier and only use the lower time frame for entries and exits, use the weekly and daily to understand the movement and where price is likely to go.
This type of trading is incredibly profit because you can leave your trade to run for days and go do other stuffs with your time.