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Why all the traders use the same timeframes?

  • Post #1
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  • First Post: Jul 30, 2008 8:06pm Jul 30, 2008 8:06pm
  •  vorschlag
  • | Joined Mar 2008 | Status: Member | 405 Posts
I am sorry for a newbie question. Why most of the trade terminals use 5, 15, 30 min, 1H, 4H timeframes? Why not 10, 20, 40 min, 3H, 6H??? Why all the terminals respect particularly these timeframe numbers (5,15,30 min, 1H,4H)???
  • Post #2
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  • Jul 30, 2008 8:15pm Jul 30, 2008 8:15pm
  •  BigFace
  • | Joined Feb 2006 | Status: Trading other Traders | 102 Posts
Shhhhhh..........Its a "conspiracy" to give the Pro's an edge over the retail crowd....
 
 
  • Post #3
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  • Jul 30, 2008 9:33pm Jul 30, 2008 9:33pm
  •  vorschlag
  • | Joined Mar 2008 | Status: Member | 405 Posts
Quoting BigFace
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Shhhhhh..........Its a "conspiracy" to give the Pro's an edge over the retail crowd....
Ignored

......any other opinions?
 
 
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  • Last Post: Jul 30, 2008 9:42pm Jul 30, 2008 9:42pm
  •  Bemac
  • Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
Quoting vorschlag
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......any other opinions?
Ignored
It's probably not so much about Using as it is about Utilizing.

Even on my Monthly Chart Trades I will look at a 15 & 5 Min Chart in an attempt to improve my entry.

I guess what I'm saying is; make sure you don't get too close to the blackboard and always have a view of the big picture while trying to optimize your Entry into a Trade.

PS. Same goes for Exits but, of course, exits carry much more cargo.
 
 
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