How To Trade Higher Time-frames in Forex Trading?

[moonchild]

A trader trading the higher timeframe is basically called a swing trader, this sort of traders look for opportunities in the higher time frame with the 4 hour timeframe as the entry, it is important to understand that, swing trader can hold a trade for a week or even more depending on the signal that market is giving him.

To trade the higher time frame, you have to learn to practise price action on the higher time frame as noted earlier and only use the lower time frame for entries and exits, use the weekly and daily to understand the movement and where price is likely to go.

This type of trading is incredibly profit because you can leave your trade to run for days and go do other stuffs with your time.

 

[Leah Kelvin]

Trading in higher time frames is advantageous in terms of accuracy and noise reduction. Select trading style-matching daily, weekly or monthly charts. Study trends with the help of price action and indicators. Concentrate on trustworthy levels of support and resistance for entry and exit points. If needed, one may use longer-term indicators such as Moving Averages. For better results, all positions should be opened only along with the trend which is currently dominating the market. Higher time frames require patience and wide-angle vision from traders.

 

[Dita Walczak]

To trade higher timeframes in forex, focus on daily, weekly, or monthly charts. Analyze broader market trends, identify key support and resistance levels, and use longer-term indicators. Set wider stop-loss and take-profit levels to accommodate longer-term price movements.

 

[FXOchartist]

Timeframe is very important for traders to analyze the market from a technical view, choosing a timeframe also depends on the trading style of traders, swing traders usually prefer to use higher timeframes like daily, weekly, and H4. However, all timeframes are important because we can analyze detail movement to figure out the market behavior, trading at FXOpen usually I often use a daily timeframe to figure out the main trend then use H1 to get more detail and use M15 for entries.

 

[FinTrader]

To trade on higher timeframes, you need to be able to wait. There are many fewer trading signals that may appear here compared to intraday trading, but these signals will provide the opportunity to make more money due to larger price movements on such time frames. You also need to be able to wait for profit growth without closing transactions for a long time.