Selection of K-rod time scale
You can see more details of the K stick in 15 minutes, especially for those who like to use high leverage. Every entry point must be very precise. If you miss it by a hair, it will be a thousand miles away. If you fail to enter the position, you will not only lose less. The profits are huge, and in severe cases, the losses can be stopped directly.
Another advantage is that you can seize more opportunities to step back and avoid missing some potential entry opportunities. For traders, sometimes it is necessary to run through the entire K line on the four-hour, daily, and weekly lines. For the rapidly changing market, sometimes it is difficult to keep up with the rapidly changing market rhythm.
According to statistics, four 15-minute K-bars are gathered into one 1-hour K-line (and so on). The large time scale simplifies the data of the K-bars. The advantage is that the trend and overall direction of the entire market can be seen at a glance. , the shortcomings are just like what I mentioned in the second paragraph above.
So is it okay to only watch 15 minutes and 1 minute?
In fact, I should look at every time scale as much as possible. 1 minute is a bit too short, but sometimes I will look at it to understand when the needle occurs and how to close it. If I look at it in a long period, sometimes it is Can't see details.
This is how to use each time scale to get the information that the K-stick gives you, but it is undeniable that the effectiveness of the four-hour and sky charts is sometimes really high. It may be that most people in the market will see it. The more The more people use and place orders, the better its effectiveness.
