If you like, you could use the daily chart and the 1 hour chart together, that way your placing longer term trades which you can make more money with and short-term trades which will make up for any losses you might take. On the daily chart above you can see my first trade was taken just before the market started moving higher, unfortunately this was the only pin bar signal that appeared in the market during this up move on the daily chart. So after I had this trade placed I switched to the 4 hour chart to see if I could find any more pins to trade.

I usually use the 1 hour chart for this but MT4 was messing me about and showing a big gap in the market so I had to use the 4 hour to see the pins. The three ticks on the chart show the additional trades I took after trading the pin on the daily chart. All of these trades were successful minus one which I ended up losing money on. The first two trades I closed around the same time I exited the daily pin trade, however the other one I continued to hold until the market hit the These trades made me pretty significant amounts of money, this just goes to show the potential of combining two time frames together.

If you listen to the gurus online who propose that you should only trade one time frame this opportunity would be missed by you. There was only one pin bar signal on the daily chart yet there were an additional three found on the 4 hour chart! I almost made more money off the last pin bar signal than I made off the first one on the daily chart. Why limit yourself to you one method of thinking, you need to open your mind to all the opportunities available if your going to make it big trading forex online, combining multiple methods of analysis is the quickest way to generate large amounts of trading capital.

Thank you for opening my eyes. I think this is the first time a mentor is telling me to locate a pin bar in the Daily chart then drop down to the 4hr chart to locate further pin bars to take a trade to make profit.

Thank you for this set up sir. Pls,i want to subscribe to your newsletter to learn more. I am tired of buying online indicators that brings loses and useless software that does not work in the African context.

They are designed to fail always because of market volatility. Thanks, Tony Uyeh. Thank you for this article, a real eye opener. I work full time and everyone told me daily time frame i should trade. If i enter or see a set up on daily but enter on 1H, which time frame should i manage my trade, such as trailing my stop? Simply because the daily charts carry more sentiment than hourly charts or indeed smaller time frames.

Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. The blue line on the chart above indicates one candlestick on the daily chart. This is that same candle seen on the 1 hour chart.

What Time Frame Should I Trade? It also takes into account price action analysis which I like to use to confirm all of my trades. I think this is often overlooked especially by beginners. Price is above both moving averages and the CCI is in the oversold area showing a pullback. The entry is confirmed with bullish candlestick patterns including an engulfing bar and hammer candle. We could have placed the stop loss just below the 50 SMA which would have been around 15 pips. The position could have been exited when price closed back on the other side of the 50 SMA which was over pips.

This trade had a very good risk to reward ratio. The 50 SMA could even have been used as a trailing stop point. There is a death cross with the 50 SMA crossing below the SMA. Price is below both moving averages and the CCI is in an overbought area above This was a chance to enter this trend on a pullback.

Stop loss around the 50 SMA level would have been 30 pips which is relatively tight when you consider this trade went on to make around pips if we exited when price closed back above the 50 SMA.

The period moving average could have been used as a trailing stop. I have marked a more aggressive earlier entry on the chart, which would have been taking the sell trade as soon as price broke the support level. It works this time but does not always which is why I prefer to wait for a pullback. This 1-hour forex strategy can be used alongside the 1-hour trend strategy, choosing the most suitable option depending on the market conditions.

When trading reversals, we are looking for a range bound market so we can enter buy and sell trades in the overbought and oversold areas.

We could have taken a few good buy signals when price fell below the lower band and the CCI was also oversold. There are also some bullish spinning top candlestick patterns to confirm entry. We could have exited the trade at the middle or upper bands. You can even take the opposite sell signal on the upper band as we will look at next. The entry is when price breaches the upper Bollinger bands whereas the exit can be at the middle or lower band.

The sell signals are confirmed with the CCI being in an overbought area and bearish price action including evening star candlestick patterns. Yes, the 1-hour charts are one of my favourites for buying and selling currency pairs.

They have plenty of action and are used by many forex day traders. However, any forex strategy on any timeframe is only going to be as good as the person using it.

The 1-hour charts can provide lots good signals without the noise of the lower timeframes but you will need to know how to time your entry and exit into the market. You can use any combination of technical indicators and price action analysis to help give yourself an edge.

The success is likely to depend significantly on how good your forex money management is. I have seen forex traders using the same trading strategies get completely different results simply because of the stop loss and take profit levels they were using. A trader who cuts losing trades short and lets winning trades run, could have a lower win rate and still make more pips than a trader who uses a high stop loss and take profit.

If you want to start trading with a 1-hour forex strategy, you can always open a free forex demo account. You can get one from most forex brokers including IC Markets who have some of the best day trading conditions in my experience, including tight spreads and fast execution speeds. They also have user-friendly platforms and plenty of tools to help with your market analysis. Self-confessed Forex Geek spending my days researching and testing everything forex related.

I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more.

The 1-hour chart timeframe is one of my favourite timeframes for day trading forex. I find that it does a great job of filtering out some of the noise from the lower chart timeframes whilst there are still ample opportunities to catch some good moves.

If you were swing trading on the 4-hour chart timeframe and above, you could potentially miss some important price action. The 1-hour trading strategy can be ideal for those who are just getting into trading and want to immerse themselves in the forex markets.

There are so many ways in which you can trade forex on the 1-hour charts, from trend trading to reversal trading. I personally like to trade with the trend as you can get into some big moves early and ride them until the very end.

On the other hand, catching the top or bottom of the market for a reversal trade can be difficult. Yes, if price reverses immediately and goes onto form a long-term trend that would be great. However, if the trend continues you can get taken out of the market again and again.

If you wait for the trend to form and a pullback before a continuation, I find this is a better-timed entry. That being said, reversal trading in a range bound market when there is less volatility can be a good time to pick of market tops and bottoms.

This 1-hour forex strategy is using a combination of technical indicators to identify the trend direction and then enter on a pullback. It also takes into account price action analysis which I like to use to confirm all of my trades. I think this is often overlooked especially by beginners. Price is above both moving averages and the CCI is in the oversold area showing a pullback.

The entry is confirmed with bullish candlestick patterns including an engulfing bar and hammer candle. We could have placed the stop loss just below the 50 SMA which would have been around 15 pips.

The position could have been exited when price closed back on the other side of the 50 SMA which was over pips. This trade had a very good risk to reward ratio.

The 50 SMA could even have been used as a trailing stop point. There is a death cross with the 50 SMA crossing below the SMA. Price is below both moving averages and the CCI is in an overbought area above This was a chance to enter this trend on a pullback. Stop loss around the 50 SMA level would have been 30 pips which is relatively tight when you consider this trade went on to make around pips if we exited when price closed back above the 50 SMA.

The period moving average could have been used as a trailing stop. I have marked a more aggressive earlier entry on the chart, which would have been taking the sell trade as soon as price broke the support level. It works this time but does not always which is why I prefer to wait for a pullback. This 1-hour forex strategy can be used alongside the 1-hour trend strategy, choosing the most suitable option depending on the market conditions.

When trading reversals, we are looking for a range bound market so we can enter buy and sell trades in the overbought and oversold areas. We could have taken a few good buy signals when price fell below the lower band and the CCI was also oversold. There are also some bullish spinning top candlestick patterns to confirm entry.

We could have exited the trade at the middle or upper bands. You can even take the opposite sell signal on the upper band as we will look at next. The entry is when price breaches the upper Bollinger bands whereas the exit can be at the middle or lower band. The sell signals are confirmed with the CCI being in an overbought area and bearish price action including evening star candlestick patterns. Yes, the 1-hour charts are one of my favourites for buying and selling currency pairs.

They have plenty of action and are used by many forex day traders. However, any forex strategy on any timeframe is only going to be as good as the person using it. The 1-hour charts can provide lots good signals without the noise of the lower timeframes but you will need to know how to time your entry and exit into the market.

You can use any combination of technical indicators and price action analysis to help give yourself an edge. The success is likely to depend significantly on how good your forex money management is. I have seen forex traders using the same trading strategies get completely different results simply because of the stop loss and take profit levels they were using. A trader who cuts losing trades short and lets winning trades run, could have a lower win rate and still make more pips than a trader who uses a high stop loss and take profit.

If you want to start trading with a 1-hour forex strategy, you can always open a free forex demo account. You can get one from most forex brokers including IC Markets who have some of the best day trading conditions in my experience, including tight spreads and fast execution speeds.

They also have user-friendly platforms and plenty of tools to help with your market analysis. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading!

Read more about me. Skip to content Forex Brokers Forex Courses Forex Robots Forex Signals Forex Systems Forex Tools Forex Trading. Forex Brokers Forex Courses Forex Robots Forex Signals Forex Systems Forex Tools Forex Trading. Search for:. Home Forex Trading 1 Hour Forex Strategy. Table of Contents. The Forex Geek. Previous Previous post: Best Currency Pairs to Trade in The Morning.

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The 1-hour charts can provide lots good signals without the noise of the lower timeframes but you will need to know how to time your entry and exit into the market. Forex Brokers Forex Courses Forex Robots Forex Signals Forex Systems Forex Tools Forex Trading. The Forex Geek. No Free Time — Use The Daily Chart The daily chart is perfect for people who would like to trade when they are not free during the day if you have a job for example, most of the strategies I layout on this site can all be used on the daily chart. Furthermore, Traders of many types employ the 1 hour time window, including intraday, day, and swing traders.

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