What is a good time Frame for Trading Forex? | Forex Factory

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What is a good time Frame for Trading Forex?

  • #1
  • First Post: Oct 8, 2009 2:33pm Oct 8, 2009 2:33pm
I trade stocks on 1 and 5 mins and im having trouble spoting good setups in forex on 1 and 5s. Im assuming i should use a high frame but the trends dont seem to add up it seems they to b very range bound in low frames.

Whats a good time frame to look for classic price action setups.

I would love to trade forex because of the hours and because i can trade via mobile phone from longer time frames using metatrader.

I really would like to trade forex because im bored after the American Stock exchange closes and i would like to be able to trade on the fly when i goto my college night classes.


Any help would be Appreciated. Steven
  • #2
  • Oct 10, 2009 1:09am Oct 10, 2009 1:09am
I traded on short time frames, on 15 minutes charts and 5 minute charts, but I found it wasn't working for me. Now I Just invest on daily charts and snipe positions with lower time frames. Works bit better for me a lot less noise.

If your going to day trade though, I suggest you work during the Euro and NY sessions, Asian session is like watching paint dry lol. This may be a problem due to your timezone I use to stay up to 9 am watching the market as I'm west coast pacific time /=

Oh ya longer time frames tend to be easier for some people since it gives your stops much more room, and price has a lot more to move as well. it levels the playing field. And in trending markets seems to follow the trend well with less noise.
  • #3
  • Oct 10, 2009 2:35am Oct 10, 2009 2:35am
Quoting Zeroh
I traded on short time frames, on 15 minutes charts and 5 minute charts, but I found it wasn't working for me. Now I Just invest on daily charts and snipe positions with lower time frames. Works bit better for me a lot less noise.

If your going to day trade though, I suggest you work during the Euro and NY sessions, Asian session is like watching paint dry lol. This may be a problem due to your timezone I use to stay up to 9 am watching the market as I'm west coast pacific time /=

Oh ya longer time frames tend to be easier for some people since...
Yeah the noise is a bit annoying its kinda giving me anxiety after i place a trade im not used to being in trades that long i scalp stocks. Most of my trades are with in seconds.

I have kinda always thought forex lower time frames (1 mins) to be traps for "fast profit risk junkies" I cant stomach it.

Thank your zeroh for all your help
  • #4
  • Oct 10, 2009 2:48am Oct 10, 2009 2:48am
I don't use time frames but price frames. So I don't see the market as a function of time but of price.
  • #5
  • Oct 10, 2009 9:05am Oct 10, 2009 9:05am
donot care the small swing, take it easy. it is same as fishing, the more patient you have, the much fish you will get. in spring you seed ,at end of autumn you harvest . it takes an half of year to see if it is to peak or not. thats the stock way you can follow.
  • #6
  • Oct 11, 2009 5:09am Oct 11, 2009 5:09am
hello.. it really depends on how long you plan for the trade to last...
  • #7
  • Oct 11, 2009 11:09pm Oct 11, 2009 11:09pm
a good time frame is a timeframe/s that suits your personal circumstance, goals, personality, lifetsyle.
  • #8
  • Oct 11, 2009 11:47pm Oct 11, 2009 11:47pm
Im kinda digging the 4 Hour and Daily. I have heard really low number of good entries on these large time frames but i can sit on my hands for a good trade entry.

What would be a decent amount of trades per month for Daily and then for 4hr?
  • #9
  • Oct 12, 2009 4:16am Oct 12, 2009 4:16am
Quoting Fuzzyzc
Im kinda digging the 4 Hour and Daily. I have heard really low number of good entries on these large time frames but i can sit on my hands for a good trade entry.

What would be a decent amount of trades per month for Daily and then for 4hr?

as a rule of thumb for myself, i usually up the TF one notch for length ..

daily = trade lasting a week

4hr = days

and likewise.. trades on daily may be once a week and 4hr may be one in a few days...

hope it helps
  • #10
  • Oct 12, 2009 9:41am Oct 12, 2009 9:41am
Shorter time frames like 1minn 5 min are used to perfect the entry point. I tend to trade 1 hour and above mostly, but use the lower time frames to optimize the trade potential as much as possible, some trades stay open for like 3-7 trading days, just the other week I pulled out over 600 pips on GBP/USD, approx 1,000 on GBP/JPY, pretty good week, wish all weeks are like that
PM Me If You Need Help!
  • #11
  • Oct 23, 2009 12:51am Oct 23, 2009 12:51am
  •  Deman Uc
  • | Joined Oct 2009 | Status: I Got de nuts..now hand me ur Chips | 9 Posts
Quoting Fuzzyzc
I trade stocks on 1 and 5 mins and im having trouble spoting good setups in forex on 1 and 5s....
the answer you are looking you can only discover by your self...trade every time frame long enough from 1m to monthly. you will discover where you are most comfaortable and profitable yourself.

Good luck!
Winning or losing is all in your mind...you creat your reality
  • #12
  • Oct 19, 2017 9:59pm Oct 19, 2017 9:59pm
Each of these trading sessions are driven by the economies that are dynamic thus every session has one of a kind attributes to them. There isn't really a "best" time to trade forex. At the point when certain nations are open for business, that nation's currency and the currency of their trading accomplices are probably going to be traded in more prominent volume.
  • #13
  • Last Post: Oct 19, 2017 10:14pm Oct 19, 2017 10:14pm
Well, it depends on your trading system! Such as, if you have a good scalping trading strategy the lower time frames will be workable to you, that doesn’t mean all of the higher time frames are valueless! Same pinch for the high time frame traders!
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