which chart time interval do u use? | Forex Factory

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which chart time interval do u use?

  • #1
  • First Post: Aug 18, 2006 6:51am Aug 18, 2006 6:51am
hey guys,

can someone tell me when you are applying the indicators which chart time interval do u use? tick? 30 mins? 60 mins?

if i apply an indicator for 30 mins and i get buy signals, then i apply the same indicator for tick and i get a sell signal?

please clairfy this for me...thanks alot.
  • #2
  • Aug 18, 2006 7:11am Aug 18, 2006 7:11am
Hi Man!

No offense, but...you REALLY should read some book about trading first.
the indicators behave according to the PAST PRICE ACTION on particular timeframe...so...on 30 min tf you can see nice downtrend, but on 5 min it may look like nice 20 pip retrace...and tick..well, I dont watch tick charts. So I leave it to bigger experts.

Good Luck!!!!!!!!!!!!!!!!!!

bluefish

PS. Please, tell me you dont have live account
  • #3
  • Aug 18, 2006 7:24am Aug 18, 2006 7:24am
Quoting aqibsherwani
hey guys,

can someone tell me when you are applying the indicators which chart time interval do u use? tick? 30 mins? 60 mins?

if i apply an indicator for 30 mins and i get buy signals, then i apply the same indicator for tick and i get a sell signal?

please clairfy this for me...thanks alot.
If you don't want to end up chewing wasps every 10/15 mins trying to decide what the hell is going on then I suggest you start here.

http://www.forexfactory.com/forexfor...ead.php?t=2331

Take the info on board, open a DEMO account and get to understand what James is telling you.
New traders are more likely to lose ALL their money trading short time frames.
If you want to survive in this, do what I've had to do...move away from short-term charts and get onto the daily charts. It IS more boring but you'll risk less money in the long term.
Good luck (and get reading)
Peter
  • #4
  • Aug 18, 2006 7:53am Aug 18, 2006 7:53am
Quoting aqibsherwani
hey guys,

can someone tell me when you are applying the indicators which chart time interval do u use? tick? 30 mins? 60 mins?

if i apply an indicator for 30 mins and i get buy signals, then i apply the same indicator for tick and i get a sell signal?

please clairfy this for me...thanks alot.
draw your lines on a 4hr chart and enter/exit on a 1hr chart when it agrees with the 4hr. Risk only 2% of your capital!
  • #5
  • Aug 18, 2006 7:55am Aug 18, 2006 7:55am
Don't use any indicators on tick charts, too erratic; even 5min charts can be distracting at times. Whatever your 'main trading timeframe' is your next higher timeframe should be a multiple of at least 4. For instance, if you trade on the 15min chart, your next frame of reference chould be a 1 hour chart, 15min x4 = 60min. At least this is what I read somewhere and I believe everything I read. Can you believe that on about the MonkeyBoy in Springfield Ohio that works as a milkman by day and a Pimp at night! I'm so happy for him....Anyway, the longer term timeframes give more 'reliable' or 'trustworthy' indicator readings and chart patterns. Don't overload yourself with indicators on any timeframe though, especially the day before or during a big news release. It's a crap shoot up until 08:29:29am.

Good Trading To You
  • #6
  • Last Post: Aug 18, 2006 8:05am Aug 18, 2006 8:05am
This is one of the funniest thing I've read in a long time on these boards! My kinda humor!

Quoting Palmer
Don't use any indicators on tick charts, too erratic; even 5min charts can be distracting at times. Whatever your 'main trading timeframe' is your next higher timeframe should be a multiple of at least 4. For instance, if you trade on the 15min chart, your next frame of reference chould be a 1 hour chart, 15min x4 = 60min. At least this is what I read somewhere and I believe everything I read. Can you believe that on about the MonkeyBoy in Springfield Ohio that works as a milkman by day and a Pimp at night! I'm so happy for him....Anyway, the longer term timeframes give more 'reliable' or 'trustworthy' indicator readings and chart patterns. Don't overload yourself with indicators on any timeframe though, especially the day before or during a big news release. It's a crap shoot up until 08:29:29am.

Good Trading To You
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