Wait for a micro-breakout or a reversal candle off the 1-hour support. Place your entry order just above the trigger candle. Place your stop-loss just below the recent swing low on this smaller timeframe. 5. Common Traps to Avoid
Never use a long-term chart to justify a failed short-term trade. If you enter a trade based on a 5-minute breakout but the price reverses and hits your stop, do not convince yourself to hold the position just because "the daily chart still looks good." Doing so transforms a disciplined, small intraday loss into a catastrophic, unmanaged long-term investment. Wait for a micro-breakout or a reversal candle
: Shannon is a pioneer of this tool, which calculates the Volume Weighted Average Price starting from a specific event, like an earnings report or a major high/low. Volume Moving Averages : Shannon is a pioneer of this tool,
: Intermediate trend and identification of market cycles (accumulation, markup, etc.). small intraday loss into a catastrophic