Trade Coach Max Communication No.56 ~ The Concept of Technical Trading to Win — Enter When Multiple Timeframe Signals Align
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Trade Coach Max here.
Today, I will share one concept of technical trading to win.1 point.
As written in the headline, you enter when multiple timeframes give signals simultaneously.
This is a common view among experienced traders, but if used incorrectly it won’t work well.
To be clear, if you choose the wrong timeframe, the results will hardly fit.
For example, a 4-hour chart and a 30-minute chart combination is the worst (laughs).
There may be almost no simultaneous signals to begin with.
If I were to name a good pair of timeframes, it would be the1 combination of a30-minute and a60-minute chart.
When a signal is confirmed on the 30-minute chart, and the 60-minute chart also confirms or nearly confirms, that trade’s win rate is likely to be quite high.
Such entry points appeared in last week’s Look AheadRCI Breakout Logic.
Last week, with the arrows in the lower image, the signals on both the30-minute and60-minute charts satisfied the 10 entry condition.
Of course, you cannot expect better win rates unless the original signal’s validity is high, so mastering a winning trading logic is the priority.
please first try Look Ahead RCI’s
Max
※Next Max communication will be posted next weekend.
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