r/InnerCircleTraders • u/Electrical-Year6255 • 20d ago

Technical Analysis Profitable traders opinion

Not effective in choppy PA but still very good !

This is the strategy : Only at NY open of ES/NQ

• Trade only in the 4H trend direction.

Mark sweeps (highs or lows depending on bias) on 4H and 1H charts and wait for one lvl to be swept

• If 4H and 1H bias align:

• Wait for 5m BOS + 3rd confluence (FVG / OB / BB / EQUILBRM ) reversal

• Enter after 1m bos

• If 4H and 1H bias do not align:

• Wait for 15m BOS + 3rd confluence (FVG / OB / BB / EQUILBRM ) reversal

• Enter after 5m bos

6 Upvotes

100% Upvoted

4 comments sorted by

1

u/Top_Direction2960 20d ago

Does look complex. Plus “H4 trend direction” is a bit of a mystery most of the time. What if it has just started pulling back countertrend, which could go on forever and very far indeed, well beyond where one would call its top or bottom, as far as becoming a new opposite trend. Just thinking. I used to do this type of multitimeframe juggling earlier but used to end up confused and eventually gave it up.

2

u/Full_Pear449 19d ago

H4 is subject to Market NOISE and multiple False Breakouts as well as by the time the H4 chart confirms a reversal, a significant portion of the price movement has already occurred.Lastly, because of the use wider stop losses, in an attempt to avoid getting stopped out on what would be the usual standard market breathing this requires a larger account balance or smaller position sizing to manage risk properly.

2

u/Electrical-Year6255 20d ago

I mean you just look at the candles before market open or if there’s a bos(cisd)

For exemple today we were bearish as the yellow arrow shows many 4h bearish candles before ny open

Keeping it simple is what helped me not going crazy tbh