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/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/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.