Why look at the 4-hour, 1-hour, and 15-minute candlesticks!

1. 4-hour K-line: Determines the major direction for whether you go long or short.
This period is long enough to filter out short-term noise and clearly see the trend:
•Uptrend: High points and low points rise simultaneously → Buy on dips
•Downward trend: high points and low points decrease simultaneously → rebound to short
• Sideways Consolidation: The price fluctuates within a range, making it easy to get caught in false moves. Frequent trading is not recommended.
Remember one thing: there is a winning rate in following the trend, going against the trend will only result in losses.
2. 1-hour K-line: used to delineate ranges and identify key points
Once the major trend is established, the 1-hour chart can help you find support/resistance:
• Near trend lines, moving averages, and previous lows are potential entry points.
• Approaching previous highs, important resistance, and the appearance of a top pattern, it's time to consider taking profits or reducing positions.
3. 15-minute K-line: Only perform the "boarding action" at the back.
This cycle is specially used to find entry opportunities, not for trend analysis.
• Wait for small cycle reversal signals (engulfing, bottom divergence, golden cross) at key price levels before taking action.
• When the trading volume comes out, the breakout is reliable; otherwise, it is easy to have false moves.
How to coordinate multiple timeframes?
1. Set the direction first: use the 4-hour chart to choose whether to go long or short.
2. Find the entry zone: Use the 1-hour chart to outline support or resistance areas.
3. Precise Entry: Use the 15-minute chart to find the signal for the final shot.
A few additional points:
•If there are conflicting directions in several cycles, it is better to stay on the sidelines without taking uncertain positions.
• Short-term fluctuations are fast, so stop-loss orders are needed to prevent being repeatedly swept away.
• The combination of trend + position + timing is much stronger than blindly guessing while staring at the chart.
This multi-period candlestick method, which I have been using for over 6 years, is a stable output base configuration. Whether you can use it well depends on whether you are willing to look at charts more and summarize more!