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What timeframe do you use for trading?

  • #21
  • Apr 2, 2012 7:41am Apr 2, 2012 7:41am
Quoting the redlion
to be honest it still wouldn't work, it is actually possible to see where price lingers the most, or when supply and demand are at equilibrium look where price is clustering....but that still historical representation of where the market has been.

seeing deceleration/consolidation/ or distribution still offers no sure fire way into the future however you can come up with a plan for each scenario and execute it.
There's the details that give hints,
and the flow that what you're saying gives sections to.
Everything on the chart projects, it's just a matter of selection.

So, divide and conquer, go into the rabbit hole, whatever:
I'd rather agree to disagree.
  • #22
  • Apr 3, 2012 5:12am Apr 3, 2012 5:12am
I'm still very new to FX, but I like looking at H4, and M15. I think timeframes are important to look at to understand the direction, but having a good entry is the most important thing.

The longer your timeframe the more leeway you have with your entry level, and the smaller it is the less room for error you have, if you're trading price action on M1 or M5 you're rolling the dice more based on volatility alone.

Another good way to tell if you're trading the correct timeframe is to check how long your trade was. Was this number of the same order of magnitude as your timeframe? Is your return justified for the amount of time you spent in the trade? Eg. could you have traded 3 or 4 smaller trades for more profit using the same timeframe (wrong entry). Hindsight is 20/20, I think you should build up a few months of backdata on your own trading then analyse it and see what works best for you.
  • #23
  • Apr 11, 2012 5:08am Apr 11, 2012 5:08am
I draw the trends at weekly,daily, hourly charts and select my entry level on lower frames. I use lower frames only to see when the strong trend lines are pierced.
  • #24
  • Apr 11, 2012 8:15pm Apr 11, 2012 8:15pm
Daily and H4 to determine general trend direction...and H1 to time entries. I don't see the point in trading much lower time frames as it's harder to exploit short term trends...especially given corporate competition has access to more up to date data. It's harder for them to manipulate long term trends, but they can really mess with the lower timeframe charts...I don't want to play their game
  • #25
  • Feb 18, 2015 12:43am Feb 18, 2015 12:43am
I agree that it's all the same data presented in different ways, however the way that data is represented is going to be of more or less use to use to you depending on your trading style. That daily candle isn't gonna do you much good if you're scalping at the shorter timeframes. Similarly, if you're a longer-term trader all the noise you see at the sub-1h resolutions isn't gonna be of much help either. Right?

Personally I look to profit off the ups and downs at the 4h timeframe. But I also use D1 and H1 to help confirm entry and exit. It's not foolproof, obviously, but I've found that the more confirmations I can get at different resolutions, the higher the likelihood that I'm getting in or out at the right moment.
  • #26
  • Edited Feb 19, 2015 2:23am Feb 18, 2015 10:13am | Edited Feb 19, 2015 2:23am
i am using H4 time frame for my trading as lower of this timeframe is short time to trading in each day i only make 2 or 3 trade in a day so H4 is suitable for me.
This is great time frame for me.
  • #27
  • Mar 3, 2015 11:28pm Mar 3, 2015 11:28pm
I don't stick with just one but I mostly use 15M
  • #28
  • Mar 4, 2015 5:13am Mar 4, 2015 5:13am
I mostly use the 1h timeframe and the 4h one. Then again sometimes I use the 30m time frame. I personally believe it all depends on your style of trading. It depends on how much time you want to dedicate being in front of your screen and monitoring the market. I find that the one that allows me to see the most accurate information are the longer timeframes. They allow me to understand the direction the market will move through the indicators that I am using.
  • #29
  • Mar 6, 2015 2:08am Mar 6, 2015 2:08am
At first I trade on 15 minutes and thought that i could make money quickly and with the minimum risks, but I wasn't really successful in it. Now I prefer daily frame and I'm doing a bit better.
  • #30
  • Oct 29, 2015 10:27am Oct 29, 2015 10:27am
Longer time frames just make you see the whole picture and historical data better

Shorter time frames are better for scalpers
  • #31
  • Nov 4, 2015 10:20am Nov 4, 2015 10:20am
i am using 15 minutes, but now i consider for usig 1H or 30M coz sometimes they jus freak me out. i am still trying to find my trade method using my demo account. life do a struggle.
  • #32
  • Nov 4, 2015 2:33pm Nov 4, 2015 2:33pm
The best is to learn to use them ALL.
Simply, because sometimes a giant move begins with a minor swing point on the 1m chart...
if you know to pin point these, you can enter a huge rewarding trade with a ridicules risk.
  • #33
  • Nov 4, 2015 8:52pm Nov 4, 2015 8:52pm
Quoting icanputyouup
Longer time frames just make you see the whole picture and historical data better Shorter time frames are better for scalpers
When we do sclaper, how many pips that we should target to CL or TP? and for a beginer thay using $1000 account, in what percent we need to CL in your opinion?
  • #34
  • Nov 4, 2015 8:55pm Nov 4, 2015 8:55pm
Quoting Pipkeep
The best is to learn to use them ALL. Simply, because sometimes a giant move begins with a minor swing point on the 1m chart... if you know to pin point these, you can enter a huge rewarding trade with a ridicules risk.
thank for the information.
  • #35
  • Nov 4, 2015 11:51pm Nov 4, 2015 11:51pm
Most of my trading is done though automation with API integrated software, but when I am around to moniter the charts I use tick charts mostly, this helps me to identify changes in order flow more easily. I of course don't only use tick charts, but they are convenient for me.
  • #36
  • Nov 5, 2015 12:24am Nov 5, 2015 12:24am
Quoting SaiLyfee
Most of my trading is done though automation with API integrated software, but when I am around to moniter the charts I use tick charts mostly, this helps me to identify changes in order flow more easily. I of course don't only use tick charts, but they are convenient for me.
then in your opinion, is it a short time trde or long time trade that giving us best profit?
  • #37
  • Nov 5, 2015 12:18pm Nov 5, 2015 12:18pm
Quoting PrideTrader
{quote} then in your opinion, is it a short time trde or long time trade that giving us best profit?

Both can be profitable, it really depends on which style suits you best. Personally I don't like to be holding trades for too long and am up in the 30%+ range for the year. It can be done
  • #38
  • Nov 5, 2015 2:06pm Nov 5, 2015 2:06pm
There is no time frame in price
  • #39
  • Nov 5, 2015 4:13pm Nov 5, 2015 4:13pm
Quoting Mingary
There is no time frame in price
time rules over everything, including the exchange rates.
time is one of the fundamental components of the universe.
As Above, So Below
  • #40
  • Nov 5, 2015 4:13pm Nov 5, 2015 4:13pm
Quoting Mingary
There is no time frame in price
Exactly right, price moves irrespective of which timeframe you use. If you can trade without charts profitably then you know you're doing it right.
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