There would be a lot of intraday noise in the price charts if you switch to M15.
The smaller the timeframe is, the more noise you will see. and noise makes it difficult to read the price charts.
Sometimes it is impossible to read M5 especially in the midweek when the market is full of news and events.
Anyways, you have to try it and if it goes well then more power to you sir!
Dear friends, I would like to share and hear from more experienced people about time frames. I currently trade on H1, but waiting candle by candle is becoming quite tiring. We know that the lower the graph time, the less reliable the signal is.But the question remains, will it really be worth going down from H1 to M15?
Ignored
Some people talk about "noise" on the lower timeframes, but if you know how to trade that "noise" you can make a lot of money. I'm still learning but I've definitely made more than I've lost, and I have colleagues who VERY successfully trade the 15 minute and lower.
Conventional advice is to learn on timeframes of 15m or more, but from early on I was strongly drawn toward the 1 minute, and it's perfect for me. I watch the charts for 30-60 minutes every morning, take 0-2 trades, and I'm done for the day. My mind is engaged the whole time. I love it.
Others hate it, and that's the best part about trading. There is a different style for every person.
If I were trading anything 5m or above I'd be relying on an alert-based strategy. Figuring out what would indicate that an entry may be approaching (typically a price level, but could be an MA, etc) and have my software tell me when it's time to tune in to see if something forms.
In no world would I be watching charts on a 1h time frame. It's completely unsustainable on numerous levels.
Although I did know a profitable trader who'd just check his charts once an hour. Worked for him. It definitely wouldn't for me.
I find that using H1 to find the directional bias for the next few hours, intra day better, there are less intra day false signals but making entry on m5 / m15 is better
