To judge the trend of intraday trading, we all know that there are 24 hours in a trading day, and how many K lines are there:
1/5 K weekly line
1 daily bar
6 4-hour candlesticks
24 1-hour candlesticks
48 30-minute candlesticks
96 15-minute K lines
1440 5-minute K-lines
Assuming that a small-level trend within a day needs to be identified by walking out of 5-13 K-lines, then the periods that can be passed first for intraday trend judgment include weekly charts and daily charts; 4-hour, 1-hour, 30-minute, 15-minute, and 5-minute periods Both can identify a small-level trend, and the intraday level trend can be calculated as follows:
4 hours 1 level
1 hour 4.8 to 1.8 levels
30 points 9.6 to 3.6 levels
15 points 19.2 to 7.3 levels
5 points 288 to 110.7 levels
According to the Dow theory, there are three types: primary trend, secondary trend, and short-term trend.
The higher the level, the better the reliability of the trend, so there is no doubt that 4 hours is the best period for us to judge the intraday trend.
How to choose the admission cycle?According to the main points of Dow theory trend judgment: two high points (low points) and one low (high) point are needed to judge a basic trend direction, that is, a period of at least 15 K-lines.
Then it can be calculated that: 30-minute, 15-minute, and 5-minute periods can reach at least 15 moving averages, excluding those that do not meet the entry level: 1-hour period.
Calculate one level of 13 K lines according to the maximum value: then 30 minutes and 15 minutes can be excluded, and 8.4 levels can be exited in 5 minutes.
Therefore, the best level to choose entry is: 5 minutes
Comprehensive conclusion:
Intraday trend trading, the best period to judge the trend: 4 hours.
The best period for admission: 5 minutes.
Everyone has their own trading methods, including the determination of intraday trends and the selection of the entry time period. You must firmly believe that the one that suits you is the best. Here is just an introduction of your own ideas. Don’t spray if you don’t like it!
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