What time frame do you trade and why? | Forex Factory

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What time frame do you trade and why?

  • #1
  • First Post: Dec 15, 2011 8:46pm Dec 15, 2011 8:46pm
Hi guys, what time frame do you trade (1 minute, 2 minutes, 5 minutes, 10 minutes, 15 minutes, 20 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, monthly) and why?
  • #2
  • Dec 15, 2011 8:49pm Dec 15, 2011 8:49pm
if you are looking at them right

they should ALL TELL YOU THE SAME THING think about that

time frame is measure of price/time= force

however the quotes will quote 1.3032 all across the board from monthly to tick
AVT INVENIAM VIAM AVT FACIAM
  • #3
  • Dec 15, 2011 9:07pm Dec 15, 2011 9:07pm
Quoting the redlion
if you are looking at them right

they should ALL TELL YOU THE SAME THING think about that

time frame is measure of price/time= force

however the quotes will quote 1.3032 all across the board from monthly to tick
Lets not stray toooooo far from common sense now. Different time frames can tell you a lot of different things. Scale is important. Think about that...
  • #4
  • Dec 15, 2011 9:12pm Dec 15, 2011 9:12pm
Quoting Scotty B
Lets not stray toooooo far from common sense now. Different time frames can tell you a lot of different things. Scale is important. Think about that...
really? how


price travels the same no matter what time frame you use, you dont trade different markets at different times you trade the same pair.

all you are doing by using so called time frames is measuring Open High Low Close of x amount of time.

1 of tick, 5 candle is 5 one minute candles= 1 hr is 60 minute, a day is 1440 minutes and so forth.

however the price is uniformly the SAME, all you are doing is measuring the order flow ( either selling or buying) and extreme points for X amount of time however just because you are zooming in or out the market doesnt change

if you can prove me wrong then i would really have something to think about
AVT INVENIAM VIAM AVT FACIAM
  • #5
  • Dec 15, 2011 9:25pm Dec 15, 2011 9:25pm
Quoting the redlion
really? how


price travels the same no matter what time frame you use, you dont trade different markets at different times you trade the same pair.

all you are doing by using so called time frames is measuring Open High Low Close of x amount of time.

1 of tick, 5 candle is 5 one minute candles= 1 hr is 60 minute, a day is 1440 minutes and so forth.

however the price is uniformly the SAME, all you are doing is measuring the order flow ( either selling or buying) and extreme points for X amount of time however just because you are zooming...
Alright I'll say it again I suppose. Time frames show you different scales, this is convenient so one doesn't have to remember recent price moves that may well be informative. Like my dad once told me: "You see son, different time frames can be helpful...And fun too!" Maybe you're over-thinking this concept. Correct me if I'm wrong, did I mention somewhere that different time frames are different markets? lol
  • #6
  • Dec 15, 2011 9:29pm Dec 15, 2011 9:29pm
Dad also used to ask me how many sides a circle had. Your thoughts.
  • #7
  • Dec 15, 2011 9:33pm Dec 15, 2011 9:33pm
Hey, let me ask, what's your favorite planet?
  • #8
  • Dec 15, 2011 9:44pm Dec 15, 2011 9:44pm
the circle thing, is pretty tricky lol, i suppose depends on which side you are looking at .....in my brain something has sides where there is corners a circle has no corners so i would say one?


on time frames maybe is an issue of semantics but here is my
example

you see the blue line is the monthly open, the red is the monthly high, the yellow is the monthly low, i see the same thing in all time frames, its just a matter of measuring price movement in X amount of time,

Attached Image (click to enlarge)
Click to Enlarge Name: monthly.PNG Size: 29 KB


Attached Image (click to enlarge)
Click to Enlarge Name: daily.PNG Size: 32 KB


Attached Image (click to enlarge)
Click to Enlarge Name: hourly.PNG Size: 27 KB


Attached Image (click to enlarge)
Click to Enlarge Name: five minute.PNG Size: 26 KB
AVT INVENIAM VIAM AVT FACIAM
  • #9
  • Dec 15, 2011 9:45pm Dec 15, 2011 9:45pm
I use range bars ( no timeframe) because I'm more concerned about where price has been and where it may go next with out using an equation of " how much price would you like to see in this time variable".
  • #10
  • Dec 15, 2011 9:45pm Dec 15, 2011 9:45pm
top is monthly then daily, hourly, five minutes

price = quotes
time frames= measure of quotes in x amount of time.

if you prove me wrong i will recognize it and i really would have to re think my way of looking at the market
AVT INVENIAM VIAM AVT FACIAM
  • #11
  • Dec 21, 2011 3:45am Dec 21, 2011 3:45am
Quoting the redlion
the circle thing, is pretty tricky lol, i suppose depends on which side you are looking at .....in my brain something has sides where there is corners a circle has no corners so i would say one?


on time frames maybe is an issue of semantics but here is my
example

you see the blue line is the monthly open, the red is the monthly high, the yellow is the monthly low, i see the same thing in all time frames, its just a matter of measuring price movement in X amount of time,

Attachment

Attachment

Attachment ...
What Charting application do you use. I have been to trying to get the candles touch and control the space between them in MT4. you certainly cannot be using MT4.

Am i rite?
  • #12
  • Dec 21, 2011 3:57am Dec 21, 2011 3:57am
i dont know what you are talking about.

its a matter of reference points.

the market trades in only ONE TIME FRAME the NOW quotes are the reality.
time frames just measure the movement of quotes over x amount of time.

when you trade the 5 min 15 min hourly, daily the are not different markets with no correlation to each other, as many traders postulate.

it is THE SAME CURRENCY.
AVT INVENIAM VIAM AVT FACIAM
  • #13
  • Dec 21, 2011 4:00am Dec 21, 2011 4:00am
Price has no timeframe, it starts moving on monday morning and doesn't stop until friday evening. When you look at any timeframe lower than 1W you see a whole lot of "opens" and "closes" which aren't really there - they are imaginary. Trying to find patterns or deduce any meaningful information from these imaginary levels is futile, and building indicators around imaginary points is even worse.

If you really want to see how price moves over a period of, say, a week, change your chart from candlestick to line, set the timeframe to 1second and scroll out so there is a weeks worth of information on it. Price goes up and it goes down but it doesn't stop at 5pm then start again, it is continuous. Candlesticks are bullshit.
si hoc legere scis nimium eruditionis habes
  • #14
  • Dec 21, 2011 4:03am Dec 21, 2011 4:03am
i disagree with your premise of candles being bullshit

they are useful tools

they measure the strength of a move, the momentum of a wave, the prevalence in orders in x amount of time, the range of market movement in x amount of time, the increased or decreased volatility and most important of all.

they give you a 50% win lose probability via reference point.

either price will be above or below the open, rarely does price close right at the open price.
AVT INVENIAM VIAM AVT FACIAM
  • #15
  • Dec 21, 2011 4:16am Dec 21, 2011 4:16am
Quoting the redlion

either price will be above or below the open, rarely does price close right at the open price.
Open? Price only opens once a week, 8am monday morning. Any other "opens" you see are not made by price, they are artificial marker points imposed on an endless continuum. The other things you mention - strength of movements, momentum etc. can also be shown on a scrolled out line chart without man-made time markers, probably even more accurately than on a candlestick chart.
si hoc legere scis nimium eruditionis habes
  • #16
  • Dec 21, 2011 4:32am Dec 21, 2011 4:32am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting numbnuts
Open? Price only opens once a week, 8am monday morning. Any other "opens" you see are not made by price, they are artificial marker points imposed on an endless continuum. The other things you mention - strength of movements, momentum etc. can also be shown on a scrolled out line chart without man-made time markers, probably even more accurately than on a candlestick chart.
please explain GAPS between friday and monday - if markets stop why does price keep moving - by your own definition there are no opens or closes as the market never actually stop moving - we traders are simply closed out of the play room for 2 days each week.

but the currency continues to get traded and moved - hence GAPS

ie the only true open is the day the currency was first traded, such as the euro on the 1st January 1999.

Opens and closes are simply a point at which we choose to make a reference of values in order to help us assess the potential for continuation or change.

timeframes are therefore the general rule for doing this - widely available and easy to use

i trade 1h 4h and D1 charts with ref to Weekly - but that suits me, we must each find a tf that suits us and our systems
  • #17
  • Dec 21, 2011 5:12am Dec 21, 2011 5:12am
Quoting zamfir
What Charting application do you use. I have been to trying to get the candles touch and control the space between them in MT4. you certainly cannot be using MT4.

Am i rite?
hey zamfir they are gft dealbook charts oh by the way i used to trade dailys now i trade the 5 minute chart

twiggy
  • #18
  • Dec 21, 2011 7:00am Dec 21, 2011 7:00am
Quoting dvc11
Hi guys, what time frame do you trade (1 minute, 2 minutes, 5 minutes, 10 minutes, 15 minutes, 20 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, monthly) and why?
Back to the point, I trade Daily Forex in one account, Weekly Equity in another account, and 5-minute Futures in a third. ES (S&P500 Futures) moves better than currency for day trading. Because of the annoying overnight gaps in Equity and the limited leverage of 2:1 overnight, I trade smaller positions with ETFs and Stocks and usually enter positions on Friday or Monday afternoon. I enter Forex at the start of the new day. I prefer low maintenance, passive trading, and only day trade a couple of times per week.

To you guys arguing over this, if I were to take a recognizable setup on the 5-minute chart, I'm going to expect to babysit that trade because it's probably not going to run for 7 weeks. If I take a setup on the weekly chart I'm going to turn off the computer and not look at it for another day or two, because I'm not going to get freaked-out over a $2.00 move against me. How can you say that Timeframes don't matter?

the redlion, do you sit in front of the computer all day? Maybe I don't understand your trading approach, but it seems like you'd have to.
  • #19
  • Dec 21, 2011 7:32am Dec 21, 2011 7:32am
Quoting the redlion
either price will be above or below the open, rarely does price close right at the open price.
You do realize this holds true irrelevant of candle opens? Any line shows this, so why the importance of imaginary opens/closes, which change from broker to broker? The only thing i see worthwhile, are the candle highs/lows.
  • #20
  • Dec 21, 2011 8:00am Dec 21, 2011 8:00am
Quoting dvc11
Hi guys, what time frame do you trade (1 minute, 2 minutes, 5 minutes, 10 minutes, 15 minutes, 20 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, monthly) and why?
i trade h2 timeframe because of the spread/volatility ratio which is low enough so i can have 10 pairs to trade.
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