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time frame question

  • #1
  • First Post: Oct 2, 2008 5:54pm Oct 2, 2008 5:54pm
Hi,

1 minute chart traders, please help recommend a higher time frame you refer to for overall picture.

Thanks in advance
  • #2
  • Oct 2, 2008 6:20pm Oct 2, 2008 6:20pm
why not just zoom out the chart for a bigger picture. it's essentially the same thing.
  • #3
  • Oct 2, 2008 7:59pm Oct 2, 2008 7:59pm
Quoting aiyahmarklah
Hi,

1 minute chart traders, please help recommend a higher time frame you refer to for overall picture.

Thanks in advance
IMHO There is only one timeframe. It's the longest that your charting package is able to show you. In MT4 that would be monthly.

All the rest are still the Monthly, but you are looking at them under different levels of magnification.
In a 30 day Month, 24 Hrs, 60 Min you just zoomed in to one 43,200th of the main chart.

No matter what magnitude floats your boat, you should always look at the next two higher for guidence.

If you must trade one minute, I can tell you the average wave only lasts 10-18 min.

HTH GL & GT.
Polishing my crystal ball
  • #4
  • Oct 3, 2008 8:08am Oct 3, 2008 8:08am
thank you good people
  • #5
  • Oct 7, 2008 4:19pm Oct 7, 2008 4:19pm
I read in another place that the different times frames is just a zoom of the month, like its stated above but the trading is a lot different in each time frame so yes they are all the same but if you really look they act differently
  • #6
  • Oct 8, 2008 4:58pm Oct 8, 2008 4:58pm
[FONT='Arial','sans-serif']Hello well I am a 15 minute time frame trader and I really feel comfortable with that, I don’t like the bigger times because I fell I can lose more. Yes I am a little negative, also I don’t like the smaller times because they move too fast.[/font]
  • #7
  • Oct 10, 2008 6:43am Oct 10, 2008 6:43am
Quoting aiyahmarklah
Hi,

1 minute chart traders, please help recommend a higher time frame you refer to for overall picture.

Thanks in advance
There is a basic rule of Technical analisis to analyse first the big timeframes and only than the small ones. (ex. month's than weekly than daily etc).
  • #8
  • Oct 10, 2008 11:31am Oct 10, 2008 11:31am
Hello how much time does one take to analyze the market since everything counts and by the time you get all the ideas down then the trend will pass?
  • #9
  • Oct 16, 2008 5:02pm Oct 16, 2008 5:02pm
You have to know how to analyze and make quick decisions in order to take advantage of any trading. If you take too long to analyze the market the trend you were analyzing could pass and your analysis would go to waste.
  • #10
  • Oct 16, 2008 7:31pm Oct 16, 2008 7:31pm
Quoting 30XTCi
If you must trade one minute, I can tell you the average wave only lasts 10-18 min.
Keep in mind different currency pairs have different characteristics, not all have the same length waves.
  • #11
  • Oct 16, 2008 8:06pm Oct 16, 2008 8:06pm
Quoting fxRichard
Keep in mind different currency pairs have different characteristics, not all have the same length waves.
You are correct. The point I was trying to make was that if you are trading from a one minute chart, first you need 4 or 5 candles to spot even weakness, entering the trade with the spread burning a few more candles, and then needing another 4 or 5 candles to tell you to get the hell out, and what are you left with, sweet FA.
Unless you are experienced, it's not a place for the faint at heart.
Polishing my crystal ball
  • #12
  • Last Post: Oct 16, 2008 9:20pm Oct 16, 2008 9:20pm
Quoting 30XTCi
You are correct. The point I was trying to make was that if you are trading from a one minute chart, first you need 4 or 5 candles to spot even weakness, entering the trade with the spread burning a few more candles, and then needing another 4 or 5 candles to tell you to get the hell out, and what are you left with, sweet FA.
Unless you are experienced, it's not a place for the faint at heart.
Exactly but probably the best way to make $
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