If you want to be a good trader, it is important to know the relationship between higher timeframe and lower timeframe. Most important, you need to acquire skill of fine-tuning, so that you will know which movement will be a big move, which not.
This post will talk about the big pattern found in higher timeframe and how to use lower timeframe to fine-tune a trade so that your stop loss will be lesser.
Big Picture Analysis
Historical high as important price levels. Price has broken some.
1234 found in higher timeframe, currently I’m interested in the nearer 1234
1234 which we traded, which reach first level
GBPUSD fast and furious +36 pips , 1st TP hit @terraseeds
— coffeedonutsfx (@coffeedonutsfx) September 25, 2014
@terraseeds GBPUSD +50 (BE rest) EURSGD +100 Still have many ongoing trades.
— victoria yam (@PatissierYam) September 25, 2014
Thanks for all the tweet, I appreciate very much. And I really appreciate if you took the trade, let me know, let me retweet so I could motivate even more people.
Currently we have slightly bigger 1234
However, I’m interested to fine-tune further because I want to make sure price close below gap high (see chart below)
Using F6 of the smallish 1234 in H1, and also making sure it closes below gap high,
#tflow #trade wk 40/1 $gbpusd below 16220 has S 16180 16160