I cannot emphasize enough to our traders in our group the Importance of looking on a higher time frame We Always Look @ the weekly chart, where is it i respect to your EMAs and RSIs Look @ the daily chart what is it doing today Plot on the 4 hourly chart for entry
There is not enough Information in a 1 hour candle for you to decide whether to enter or not there is 24 of those candles in a daily candle
anything under a 4 hour candle will buck you off and why sooo many traders fail .
You need to stand back a look at the BIGGER picture If it means putting a larger stop well so be it as long as your ROI as where you want to be
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.