British Pound / Japanese YenEducation
The Quarters Theory (1 hour) Part 3-4
The quarters theory on one hour time frame is great for both day trading and/or scalping.
Make sure you put the quarter lines every 25 pips away from each other, just find the closes whole round number and start there with adding lines on charts.
On noted GbpJpy chart the quarter lines are as follows:
150.750- yellow line
150.500- red line
150.250- yellow line
150.000- black line
149.750- yellow line
These lines help with structure of price action, what has happened before at these lines? go left
These lines help with entries, exits, stop losses, targets and risk management.
Make sure you put the quarter lines every 25 pips away from each other, just find the closes whole round number and start there with adding lines on charts.
On noted GbpJpy chart the quarter lines are as follows:
150.750- yellow line
150.500- red line
150.250- yellow line
150.000- black line
149.750- yellow line
These lines help with structure of price action, what has happened before at these lines? go left
These lines help with entries, exits, stop losses, targets and risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.