Time Frames and Entry | Forex Factory

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Time Frames and Entry

  • #1
  • First Post: Dec 5, 2016 9:51am Dec 5, 2016 9:51am
Hi All,

I see quite a lot said about timeframes and then the timeframe for entering the trade... just trying to get my head around this properly. So I am learning to trade off the D1 charts using price action so this is the start / basis of my analysis. When people say they do this but then look for an entry on say the H1 chart what exactly does this mean? Are you taking your overall signal from the D1 chart but then waiting and looking at another signal on the H1 chart?

Could someone please give me a really simple example?!

Thanks!
  • #2
  • Dec 5, 2016 10:44am Dec 5, 2016 10:44am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
In your H1/D1 example, you can find your entry point on the H1 chart in the direction of your D1 analysis.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Dec 5, 2016 12:55pm Dec 5, 2016 12:55pm
I'd suggest higher for confirmation of overall general direction, but lower to initiate a entry signal.

I have no issue watching M15 or M30 where it has gone up, retraced and started return move up to decide to enter once I've had a signal appear on H1. I've also gone ahead and hit the button when I realised the previous bar (or two) was a valid signal, reconfirmed higher ones and just entered.

How much detail goes into choosing a specific entry (or exit) is a personal one...but I know many say you have to have "precise" rules or you're an idiot. lol

Mine vary to a fair degree, based on how the price has moved recently, not just the level of where it appears.
  • #4
  • Dec 7, 2016 4:02am Dec 7, 2016 4:02am
The key is to use at least two time frames and adopt a top down approach. Get the trade direction from the higher time frame, say daily, and be aware of the price location on that time frame. Then go to a lower time frame, say 1H, to find out the candlestick or pattern that supports the direction you located on the daily time frame. It is important to wait for a confirmation that the price is moving in the direction of the higher time frame before you enter the trade. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #5
  • Dec 7, 2016 4:32am Dec 7, 2016 4:32am
Thanks KP, I think this makes sense. So I like to trade the D1 candles as I have a full time job so find this easier as can do my analysis in the evening etc and then enter trades after the candle has closed for the day at 10pm UK time. So in your example I should be taking my main signal from the W1 chart and then entering when the price action on the D1 chart gives me an entry in the direction of what I see on the W1? In this example where would you be drawing the support and resistance? On the W1 chart? Thanks!
  • #6
  • Dec 7, 2016 5:33am Dec 7, 2016 5:33am
Quoting s1mm014
Thanks KP, I think this makes sense. So I like to trade the D1 candles as I have a full time job so find this easier as can do my analysis in the evening etc and then enter trades after the candle has closed for the day at 10pm UK time. So in your example I should be taking my main signal from the W1 chart and then entering when the price action on the D1 chart gives me an entry in the direction of what I see on the W1? In this example where would you be drawing the support and resistance? On the W1 chart? Thanks!
Weekly S/R levels are reliable for about the next 3-6 months. Those are what I trade mainly on.

KP
Do your homework, follow the footprints of smart money
  • #7
  • Dec 10, 2016 3:08am Dec 10, 2016 3:08am
if there are people who waste pips its day traders.since they cannot capture all the moves allot is left on the table.you cannot compare how much a day trader makes with a swing trader.swing trader has the probability of making a very big profit compared with a day trader.stop wasting pips folks.swing trader
  • #8
  • Dec 12, 2016 5:32am Dec 12, 2016 5:32am
Quoting lucas1
which time frame should u have to use earn 50 to 60 pips daily?
If you wish to trade intraday I would recommend following all the time frames between 5-minutes and 4-hours.
  • #9
  • Dec 12, 2016 8:10am Dec 12, 2016 8:10am
best tF is for 15min for intra
Let Market Tell You
  • #10
  • Dec 20, 2016 5:33am Dec 20, 2016 5:33am
Quoting Monokl
best tF is for 15min for intra
I completely agree about that. Still, I wouldn’t discount taking a look at the others from time to time, you can see good signals on them sometimes too.
  • #11
  • Dec 20, 2016 1:54pm Dec 20, 2016 1:54pm
It's basic MTF (multi timeframe) analysis. You can think of it like a keyhole, watching the market with only one TF can give you some picture, but actually the real picture can be completely different. When you check few timeframes you can see much more. For example your nice looking short trade on H1 TF can be only a small pullback of the bigger trend on D1.
  • #12
  • Dec 21, 2016 5:47am Dec 21, 2016 5:47am
Quoting Lilly88
It's basic MTF (multi timeframe) analysis. You can think of it like a keyhole, watching the market with only one TF can give you some picture, but actually the real picture can be completely different. When you check few timeframes you can see much more. For example your nice looking short trade on H1 TF can be only a small pullback of the bigger trend on D1.
Good point. It’s always good to check additional time frames for confirmation of the signal you’re seeing on just one of them.
  • #13
  • Dec 21, 2016 8:35am Dec 21, 2016 8:35am
Quoting FerruFx
In your H1/D1 example, you can find your entry point on the H1 chart in the direction of your D1 analysis.
very precise advice.
I also using to D1 & H1 quite frequent.
for precise movement, you can use M1.
Let Market Tell You
  • #14
  • Dec 21, 2016 1:45pm Dec 21, 2016 1:45pm
I use with success 15minute for trend and 1 minute for entry. Try it
  • #15
  • Aug 1, 2017 11:12am Aug 1, 2017 11:12am
I mainly use D1 time frame! But I set my entry point according to the M5 time frame context! The main advantage of M5 is, it shows clear entry point in order to my personal trading strategy! But, I use D1 time frame again for exit point.
  • #16
  • Aug 2, 2017 7:34am Aug 2, 2017 7:34am
To answer the initial question about the D1 and H1 time frame, the D1 time frame can give one a good idea about impending longer-term movements but actual entry points can be ascertained by looking at the smaller time frames in order to pick the best possible moment to open a position.
  • #17
  • Aug 2, 2017 11:25am Aug 2, 2017 11:25am
Find a way to incorporate all timeframes in your trading strategy or as many as you can. Just dont confuse yourself and trust me you'll have better results.
Why are you trading?
  • #18
  • Aug 6, 2017 10:06am Aug 6, 2017 10:06am
Quoting mlawson71
To answer the initial question about the D1 and H1 time frame, the D1 time frame can give one a good idea about impending longer-term movements but actual entry points can be ascertained by looking at the smaller time frames in order to pick the best possible moment to open a position.
That’s really true information on D1! I also use this time frame on trend issue! By the way, I like to select my entry points by using lower time frames like M30, M15!
  • #19
  • Aug 7, 2017 8:09am Aug 7, 2017 8:09am
Quoting DarrenLehma
{quote} Thats really true information on D1! I also use this time frame on trend issue! By the way, I like to select my entry points by using lower time frames like M30, M15!
For how long do you prefer to keep your positions open? I usually prefer to close mine within 48 hours after I've opened them, though I can wait for longer if necessary, but I really don't like doing that.
  • #20
  • Aug 11, 2017 11:31am Aug 11, 2017 11:31am
Time frame is very important issue! Even, you can lose with a profitable trading strategy, if you are unable to pick up the right time frame! Yes time frame relies on traders trading strategy or method.
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