If you are into higher timeframe setup, one useful comparison is to look at ES in 2 charts.
1. A chart of 9:30 - 16:00 (Eastern Time) with 39 min bars
2. A chart of 9:30 - 16:15 with 45 min bars
1st case produces 10 bars a day while the 2nd one produces 9 bars a day.
When applying indicators using exactly same set of parameters, usually you can catch the more powerful moves when they line up at the same time.
One warning though for those who usually trade at 5-min or lower timeframes - the signals from 45-min bar or 39-min bar can span a day to 2 days. Thus trade/risk management is harder as the signals can point to caryying overnight positions. How to integrate such signal into daytrading only is a fine art
1. A chart of 9:30 - 16:00 (Eastern Time) with 39 min bars
2. A chart of 9:30 - 16:15 with 45 min bars
1st case produces 10 bars a day while the 2nd one produces 9 bars a day.
When applying indicators using exactly same set of parameters, usually you can catch the more powerful moves when they line up at the same time.
One warning though for those who usually trade at 5-min or lower timeframes - the signals from 45-min bar or 39-min bar can span a day to 2 days. Thus trade/risk management is harder as the signals can point to caryying overnight positions. How to integrate such signal into daytrading only is a fine art
