1/14/2024 0 Comments Swing it 1 hourYou can see just before the hammer there is a huge sell-off, then the hammer indicates that the bears have now lost control and the bulls are taking over. 1-hour trading strategy – Buy Setup 1-hour Forex trading strategy – buy setupĪbove is an example of a buy setup using the 1-hour forex trading strategy with Bollinger Bands, combined with price action. The 1-hour trading strategy is perfect for those who are just getting into trading and want to immerse themselves in the financial markets. On the other hand, if you were to swing trade on the 4-hour time frame, or higher then you could potentially miss vital price action. The other is that it captures a lot of movement in the markets, whereas if you were to scalp on any lower time frames, there may be too much movement for you to gauge the proper sentiment. Why should you try the 1-hour trading strategy? Well, one reason is that it is one of the most popular time frames to work on. Your exit should again have some sort of alert based on your analysis this is to lock in profits as well as minimise losses. Planning your exit correctly can mean locking in profits, but more importantly it could minimise losses. For instance, if you are a fan of using Price Action, then you might wait for confirmation until a particular candle presents itself – such as the morning star for a potential sell.ģ: Exit – Your exit is just as important as your entry, although some might argue that it is more important depending on the circumstances of your trade. Your entry should be confirmed by your analysis. For fundamental analysis, you might consider paying close attention to the release of important financial data such as interest rates, CPI, or Labour numbers.Ģ: Entry – Getting your entry right can potentially mean the difference between more or less profit, and in some cases, it can mean the difference between a win or a loss. For technical analysis, consider using a range of tools such as MACD, Bollinger Bands, Moving Averages or Price Action. It is crucial that you conduct thorough analysis, which may involve certain technical or fundamental factors. To take advantage of the 1-hour forex strategy, you need three things:ġ: Analysis – Your analysis should form part of every single trade you take. The intraday strategy is becoming increasingly popular due to the number of ways a forex pair can be analysed during the one-hour timeframe. The one-hour trading strategy is simply the timeframe that you conduct your analysis on any forex pair.
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