Timeframe Alignment Tips for New Traders đ
Starting your trading journey? Here are some essential tips to help you master timeframe alignment for more effective trades! đ§ đĄ
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đ¸ Choosing the Right Timeframe
One of the most common questions for new traders is, âWhat timeframe should I use?â To succeed, align your strategy by setting your bias on a higher timeframe (HTF) and executing on a lower timeframe (LTF). đđ
đ¸ HTF vs. LTF Explained
HTF (Higher Timeframe) đ: Sets your overall trend or bias.
LTF (Lower Timeframe) đ: Ideal for executing trades.
Common alignments to consider:
Weekly -> H4
Daily -> H1
H4 -> 15m
H1 -> 5m
đ¸ Quality Setups Over Predicting Price Levels
Donât focus solely on predicting the next big move. Instead, prioritize setups with a favorable Risk:Reward (R) ratio. Trading is about capturing R from the marketânot about guessing prices. đŻđ¸
đ¸ Trader vs. Investor Mindset
Knowing when to switch between a trader and investor mindset is crucial:
Investor = Long-term vision đ
Trader = Focus on short-term setup quality âĄ
Example: After marking up an LTF setup over dinner, you find a 3R opportunityâpotentially enough to meet your weekly target! đŞ
Good luck, and remember, itâs all about the process! đ
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