1 hour timer4/8/2023 ![]() Using Intraday Charts to Confirm Daily Signals Also, notice there was a larger 4-hour pin bar that formed the same day as the daily signal, adding more confluence to that daily signal. Notice, in the chart below, we see a fakey pin bar combo pattern formed shortly after the daily pin bar. However, for savvy price action traders, they know a second-chance entry will often present itself on the intraday charts not long after the daily signal fires off. If you missed this one, you were definitely kicking yourself… In the example below, we see a clear-as-day pin bar buy signal from support in the S&P500, circled in the chart below. One of those ways is by use of the 1-hour or 4-hour charts to look for a signal a few hours or even days later, to re-enter in the direction of the original daily chart signal that you missed. Luckily, there are a number of different ways you can get a good second chance trade entry on a signal you initially missed. Using Intraday Charts for Second Chance Trade EntriesĮveryone hates missing out on a perfectly good trade, myself included. ![]() ![]() Remember, the initial trade trigger is still the higher time frame chart.
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