Analysis of Intraday Trading Strategies
For a long time, I've been researching intraday trading and found that the 4-hour candlestick chart is extremely helpful for understanding market structure and key price areas. Although the 4-hour chart is slower than the 1-hour chart, it clearly shows trend direction, support and resistance, and potential key areas, making it very valuable for developing trading strategies.
Some of my observations and methods are as follows (for discussion and learning purposes only):
Trend Identification
I first observe the overall market trend on the 4-hour chart.
Key Points: Changes in consecutive highs/lows, the direction of long candles, and whether moving averages confirm the trend.
Key Price Areas
Clear support and resistance areas formed on the 4-hour chart are usually more reliable than on shorter-term charts.
In intraday trading, when prices return to these areas, there may be opportunities for a rebound or continuation of the trend.
Candlestick Pattern Reference
Long shadows or large-bodied candles appearing in key areas often indicate changes in market power.
I combine volume and shorter-term charts (such as 15-minute or 5-minute charts) to observe the immediate price reaction.
No matter how complex the strategy, risk management is always the core.
Understanding potential volatility, setting reasonable stop loss orders, and managing position sizing are more important than pursuing every single profit.
Learning Mindset: In practice, I've found that you shouldn't rely too heavily on any single indicator or candlestick pattern.
Observing from multiple perspectives, recording results, and summarizing experiences are more effective than blindly following "signals."
I'm not posting this to recommend any stocks or provide buy/sell signals, but rather to share some of my thoughts on observing four-hour candlestick charts and to discuss intraday trading experiences.
If you also use four-hour charts for intraday analysis, or have your own observation methods, please feel free to exchange and share.