Our indicator works equally well in all markets. Whether it’s a stock, futures, or cryptocurrency market. But the markets themselves differ from each other in dynamics, so it is important to use the indicator on a suitable timeframe.
STOCK MARKET
In the stock market, we recommend paying attention to signals on daily timeframes. Many hedge funds and major players make a decision in the evening or the next trading day and, at some point, a lot of players enter the market. Thus, an hourly signal in the stock market gives better entry points than a daily one. But this means that you should be able to enter the market during the day, and this, in turn, can attract your attention to the market and lead to additional time costs, so you should be ready for this.
CRYPTOCURRENCY MARKET
The cryptocurrency market is much more dynamic and faster than the stock market. Here, transactions are made around the clock, so it is important to take this into account in order to see and hear the signal in time. We recommend setting up signals on timeframes from 1 to 8 hours.
FUTURES
The futures market also features huge dynamics, so it is better to use timeframes from 5 minutes to 1 hour. And for intraday trading, it can reach up to a 5-second timeframe in terms of speed!
When trading with leverage, it is better to use faster timeframes, since the risks are higher here, and the speed of transactions is very high.
Posted in: Working with The Waved indicator