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Tags: Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You?
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Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You?

  • Post #1
  • Quote
  • First Post: Mar 23, 2010 2:14pm Mar 23, 2010 2:14pm
  •  EdgarNg
  • | Joined Jun 2008 | Status: solotrader | 386 Posts
Some people stick to one time frame some like to look at the market as a whole , there are successful traders from both extroverts and introverts.

Example:
The Introvert , Organized Nerd
One of the most organized person in the world, with discipline, an introvert, who likes to analyze into things in detail,uses techniques such as trading range,pivot points prefer using a One(H4) time frame & a few market as he believes in his system,following a well set trading plan, with a few but EFFECTIVE indicators systematically to his advantage, taking calculated risk as detailed in his risk/reward and money management, he is risk adverse and does not like position sizing. Loves simple,enjoyable life ,balanced health,and stable profits although want to be rich.

Main Time Frame: h4

Strength: Discipline
Weakness: Inflexibility

The Extrovert, Gambling God
Although named gambling god, He is not one to be taken lightly, with his flexibility, he is able to tolerate no stop loss and he doesnt call it a strategy, its just his way of trading, he draw trend lines like crazy without any indicators, and he trades the according to his trend lines,break outs & price action such as pinbars and japanese candlesticks. he likes to risk almost 80% of his capital. and he only set take profits when he go to sleep. Although super risky, he knows his risk. He Uses M15 to trade but View H4 as his insurance, ensuring LONG TERM Range is inside his TP and that breakouts to the opposite side of his decision is low. Like to MANAGE RISK BY adding lots when his trades are going his ways, and reduce lots when losing. Although high on emotion, he does have some discipline to sit tight and wait, he calls this having the balls to hold on while having enough margin as he knows the market is a ranging market in the H4 Chart. he View Few market aswell. Simple life bores him, wants to be extraordinary millionaire, prefer to go broke if cannot reach his dream, doesnt care much about health. its all about the $$$

Main Time Frame: M15
Sub Time Frame : H4,M5

Strength: Balls
Weakness: Undisciplined



Ok.. those two above is just example, please only reply if you consider yourself a successful trader, may i know, what is your main time frame? how many time frame do u look at? do u like to set yourself to look at one time frame? or do u look at many time frame?

i dont need advice from not successful people i only need those who think they are successful , i know one person who uses only one time frame and he is more to the first category but he is making money and consider successful .

I think we should look at few time frame to get an overview but sometimes trading is a b1tch and it just confuses you.

please no ego in here, just discuss, and learn from everyone.

What is your personality? who are you?.. what strategy do u use to trade(trading style?) what is your main time frame and sub time frame?

Generally will be enough if u would like to keep secret, and if u dont, there is no need to be very detailed as you can post in the trading system forum.

Thank you for sharing!! have a nice day.
  • Post #2
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  • Nov 17, 2011 6:21am Nov 17, 2011 6:21am
  •  CarolReece
  • | Joined Nov 2011 | Status: Member | 13 Posts
Interesting text. In the beginning I chose m1/m5 because I wanted to have "fast money". Now I trade on this TF because I like this one and, what is most important, I started to earn few weeks ago.
 
 
  • Post #3
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  • Nov 17, 2011 6:40am Nov 17, 2011 6:40am
  •  ha-pattern
  • Joined Sep 2008 | Status: hardcore chartist | 2,173 Posts
To me, it's backwards.

1'TF has more candles, so there's more to organize. The fly-by-nighters go for the 4hTF.

The (what I term as a) mistake is due to the speed of change as the chart is first printed: Reaction time, if you will.
Reaction time can also be from
a paper trade wholly within the history of a time frame -- no reaction
a simulator trade -- varied reaction, according to how fast one runs the simulator

If one studies the past to get the future, most of one's study is set anyway,
depending on how much of it one studies with uses and how long one intends to hold a position.
 
 
  • Post #4
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  • Nov 17, 2011 9:30am Nov 17, 2011 9:30am
  •  CarolReece
  • | Joined Nov 2011 | Status: Member | 13 Posts
In my short FX career I tried all of TFs, at last I trade on m1. I think, there is biggest chance to earn regular, big money. On higher TFs it's differently. One day profit, another day loss. On m1 I can finish everyday on profit.
 
 
  • Post #5
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  • Nov 18, 2011 6:44am Nov 18, 2011 6:44am
  •  deltatrade
  • Joined Mar 2010 | Status: natural medicine | 643 Posts
i choose the timeframe not based on personality but based on how many trades i can get from more instruments with the spread lower than 0.1 *pips risked. many trades means more opportunity but the cost of transactions has to be low.
 
 
  • Post #6
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  • Nov 18, 2011 7:57am Nov 18, 2011 7:57am
  •  Benevolent
  • Joined Mar 2010 | Status: Member | 173 Posts
Personally I've found time-frame(s) to be relative. If you can trade a 100 tick successfully you can also trade a monthly successfully. I use smaller timeframes intraday, and do weekly analysis during lunch time. Same strategy, same results. If it helps at all I don't just use minute based time-frames, I usually use a tick based chart for entries.

Best,
Benevolent.
 
 
  • Post #7
  • Quote
  • Jun 14, 2012 12:44pm Jun 14, 2012 12:44pm
  •  ykedo
  • | Joined Mar 2011 | Status: Member | 6 Posts
i have yrs sinnce i trade 1m charts. last month i decided to go with 5m charts. i use the same strategy as m1 and looks more profitable, i mean i stay in trade for more points.
 
 
  • Post #8
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  • Jun 14, 2012 7:32pm Jun 14, 2012 7:32pm
  •  supermatt
  • | Joined Jun 2009 | Status: Member | 463 Posts
i have tried longer time frames and I could never be consistent. you have a winner for a few days then if you have a loser then it can last a week in a long drawn out process. Plus always stressing about overnight action.

everyone who says longer timeframes for begginers is a load of bs imo.

the only time ive been consistent is trading on 5 or 15 min charts and can limit my risk if a trade goes against me. Plus I can sleep at night due to knowing my money is safe out of the market ready for another day
 
1
  • Post #9
  • Quote
  • Jun 28, 2012 4:36pm Jun 28, 2012 4:36pm
  •  EdgarNg
  • | Joined Jun 2008 | Status: solotrader | 386 Posts
amazing peeps havent check this thread for awhile, keep it coming if you will.

)
 
 
  • Post #10
  • Quote
  • Sep 16, 2018 11:40am Sep 16, 2018 11:40am
  •  ForexFreak92
  • | Joined May 2018 | Status: Member | 31 Posts
Quoting supermatt
Disliked
i have tried longer time frames and I could never be consistent. you have a winner for a few days then if you have a loser then it can last a week in a long drawn out process. Plus always stressing about overnight action. everyone who says longer timeframes for begginers is a load of bs imo. the only time ive been consistent is trading on 5 or 15 min charts and can limit my risk if a trade goes against me. Plus I can sleep at night due to knowing my money is safe out of the market ready for another day
Ignored
I agree with this 1000%. You took the words right from keyboard. I cannot stomach the overnight worry of wondering if my trades are profitable or not while sleeping. I'd rather be awake and alert during the trading process.
 
 
  • Post #11
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  • Last Post: Sep 19, 2018 7:22am Sep 19, 2018 7:22am
  •  dianajs
  • Joined Dec 2015 | Status: Member | 868 Posts
I think the time frame one uses also depends on how much available time to trade one has, not just on their personality.
 
 
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