Especially in stock markets, investors cannot predict where to enter and exit, i.e., take profit and stop loss targets. Therefore, when targeting positions, the stop loss and take profit parts should be analyzed correctly.
Start of transaction, indicator approval
With the screen split feature in Tradingview, the direction of the charts in 4-hour, 1-hour, 15-minute, and 5-minute candles should be confirmed, and the transaction should be opened or closed by looking at the main instrument in the relevant sector.
Blending fundamental analysis and technical analysis
When data such as US non-farm payroll data and producer price index are announced in the current market, we should pay more attention to the principal investment instrument in the sector according to the stock or coin we will perform technical analysis on.
Correctly structuring the risk.
Looking at small details such as 1 hour and 15 minutes in the risk we will take can bring us great profits at that moment. Still, it can also bring losses, so investing according to the consumer and producer price indices of the countries rather than the relevant investment instrument can give more accurate results.
www.tradingview.com/chart/SOLUSDT/wuBRdHxQ-How-to-Profit-using-the-4-hour-and-1-hour-Combined
