Which one is Better?
Well, it depends. Let’s have a look at the following pictures of the trades I took on the GBP/USD.
First picture is that of GBP/USD H4 (Four Hourly) Chart.
This picture has three beautiful signals and three beautiful trades marked by distinct vertical lines so that you can identify all trades on the next chart that shows the same trades on the H1 (Hourly) chart.
This picture convinces me why Setup 1 is an Awesome Setup as well as why Hunt Method is even superior or at least a great alternative.
Superior because it requires less time to observe and trade this signal, requires less screen time and can be traded on higher time frames as well as lower time frames.
Alternative because people who can’t trade the hourly chart can trade the 4 hourly chart and catch the same setup 1’s that happen on H1. Same goes for H4/D1.
Three Coloured Lines indicate trades that were taken as Setup 1 originally on H1 Chart.
But look at this h4 chart, all 3 trades seems to be timed perfectly with Cherry Signals.
Conclusion: Trading Hunt Method on h4 would ensure you take all the great Setup 1 signals that appear on h1.