As a swing trader, I’m traditionally trading setups on timeframes like 1H, 4H and daily. In the past couple of months, however, I’ve changed my approach a little and will often trade other time frames such as 2H or 8H too. My Trade Advisor members have seen and used these custom timeframe setups to their advantage many times.
The reason is that sometimes, a setup is just too granular to be traded on the 1H charts but too coarse to be traded on the 4H charts. The same goes for the 4H and daily timeframes: sometimes, a setup just looks the best on the 8H charts.
The trend on the 8H chart (left) looks much nicer
and respects the moving average better than the 4H chart (right).
Once you’ve been trading for a while, you might have come across forex tick charts. The tick charts are usually accompanied by some explanation on why they’re so much better than traditional candlestick charts.
