To focus on the appropriate time frame...

Hi Traders
As a day trader your primary concern is to catch intraday swings. Your trades start and finish the same day. Your world is the day you are trading in. You don’t care what will happen in the market tomorrow or the day after tomorrow.
Your objective when trading is focusing on the appropriate time frame chart. My opinion is that day trading should be done on a 1, 5 or 10 minute bar chart...Are you agree with me...???

regards

The only issue I have with your statement is that FX is a 24 hour day.
How do you see 1 - 5 or 10 min out of that day as not being noise? Really am looking for a real discussion on this topic as it has been on my mind recently.

Hi

Remember, you are looking to capture several fast moves during the day and hence you must focus on the charts that best illustrate events as they happen in a short period of time.....

Regards

Exact time frame should not matter. I think basically we need to look at the price movement in the recent past including historical time price levels and trend. A good trader should be able to trade on any random time frame like 8 min, 34 min etc.. not just the classical 5 min, 15 min, 1H and so on.