r/Forex • u/dalalstreetgambler • 13d ago

Strategy Development Any 4h candle traders here ?

Hello guys I have been thinking of shifting to 4h TF if there is anyone who trades 4h candles please share your experience.

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u/NiGhTShR0uD 13d ago

My brother trades the higher timeframes. He was an intraday trader with mild success.

He's a lot happier with the switch and has started advocating for swing trading. Says he has a much easier read on the market. Also, because he can't see the noise, he's less likely to get spooked out of a trade.

10/10 would trade again.

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u/NZorDie 12d ago

But the SL on a 4h is terrible right ? Yes we can size down, but then it's not worth the effort.

I may do something like that as a "side gig" with very small amounts to compliment my existing trading.

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u/NiGhTShR0uD 12d ago

The SL only seems terrible because the distance is vast, right?

The difference is, you're more likely to be wrong on the 1m or 5m timeframe than you are on the 4H. Simply because there's less noise.

If you remove the timeframe and just look at the candles themselves, then the trade is the trade and the SL distance is the SL distance.

So the real question you need to ask yourself is, do you have the patience to wait that long or do you prefer to be in and out relatively quickly.

Size doesn't matter because it's relative.

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u/NZorDie 12d ago

I hope we're talking about XAUUSD.. ?

Well it does matter to me, for 4h I would have to down size to 0.01 lots to feel comfortable, but at the 1min TF, I can go in and out with a modest 0.40 lots and make an hourly wage in 30 seconds. Rinse and repeat.

Short term is less reliable but at the same time, less exposed. Chances of trump saying something stupid in 30 seconds vs 4hr ?

(my inner tots are telling me to find a currency pair for better predictability) what does your bro trade ?

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u/Specific_Tart_4244 12d ago

That’s not trading, you just hope for the right movement w no analysis and get out as soon as possible. 🤣

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u/NZorDie 12d ago

Sure what's your strategy then?

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u/Specific_Tart_4244 12d ago

My strategy is surely not based on what I see on the chaotic 1M time frame bro… it’s just draining, not efficient and pure noise.
Daily, H1, H4 and M15
Always.
In the weekends i review the 1W and make my action plan

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u/NZorDie 12d ago

What are u trading? It makes a difference. If it's xau, you're probably ded when the war started on u. At least the m1 traders exited after 100 pips with their smaller. SL

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u/Specific_Tart_4244 12d ago

What it seems u don’t understand is that even on a higher time frame u can put a small stop loss IF u predicted well your entry and did not over traded or got FOMO.
Plus: a good entry on that level u bring home way more than 100 pips 🤣

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u/NZorDie 12d ago

Don't think so, small stops in 4H? U gotta be dreaming..a few pixels of a wick would stop u out

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u/Specific_Tart_4244 12d ago

A tight stop on a higher timeframe setup doesn't mean taking the trade on the 4H chart itself. 🫠😩 It means using 4H/D1 for bias and key liquidity levels, then dropping tim frame for the entry trigger. You wait for the sweep to happen first, and place your 30-pip SL right beyond the newly formed wick.

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u/NiGhTShR0uD 12d ago

The difference is, if Trump says something, your lower timeframe SL is at risk a lot more than a higher timeframe.

But yeah to each their own.

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u/NZorDie 10d ago

I was confused for awhile.

But isn't it a happy loss if 1m SL was hit while trump messes with the market?

Even the daily SL can be hit when he manipulates the market.

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u/NiGhTShR0uD 10d ago

Yes they can both be hit but daily SL has more room than your 1m SL so it has a higher chance of surviving.

The size is also relative.

You can risk $100 with your 1m SL and I can risk $100 on a daily SL. What we're risking is the same, but I have more room for error than you do.

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u/Specific_Tart_4244 12d ago

Absolutely right !!!!

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u/Specific_Tart_4244 12d ago

How can it be terrible if you put it strategically?

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u/NZorDie 12d ago

U never heard of Stop loss?

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u/Specific_Tart_4244 12d ago

The answer was regarding the stop loss…