Thread by @fx4_living

6x (H4) candles into one daily candle (D1) can be useful, using Open, High, Low, Close (OHLC) data from each candle.

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A thread 🧵:

The 6x H4 candle into 1x Daily Candle is a powerful concept. It condenses six 4-hour candles into one daily candle, providing a good perspective of the intraday market movements.

The daily candle's range holds valuable information about market sentiment and potential breakouts.

Remember, combining multiple timeframes is a key element of a successful trading. The 6x H4 to 1x D1 consolidation allows traders to align their model.

Use yesterday (D1) high and low as your main recent range. so example on the picture, you see the price going back into discount of the previous day. Then in 4h, you get two candle printing side by side, meaning in lower timeframe a consolidation.

When the consolidation is done, price should do a change of character above or below the previous H4 then you can go in lower timeframe with your model.

The secret is : if you can expect the next candle (OHLC) this is your trade.

1x Daily Candle OHLC =
6x H4 candles ✅
24x H1 candles ✅
48x M30 candles ✅
96x M15 candles ✅

You always should check the bigger candle first then go on the lower timeframe according your higher candle movement.

H4 in session (price and time) :
the candles 1-2 are mainly asian session. 📍
the candles 3-4 are mainly london session. 📍
the candles 5-6 are mainly NY session. 📍

Do you now have a clearer understanding of how the six 4-hour candles into one daily candle can be beneficial? 👊

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