Graph question

mjbmedia · Aug 5, 2010

HI Im new here but traded a bit before sporadically offline.

So which graphs do you good people use, as in what time frames
1 minute, 15 minutes, 30 ticks, daily etc
I guess you use them all to check that what you see on one is congruent with shorter or longer term and i gues it clealry would depend on whether you're looking for a quick in and out profit or a longer term trade.
I would value your opinions, contributions as I find myself flicking from one to the other and being often put off from a trade , so do they all have to add up or am I barking up the wrong tree?
Cheers
Mike

mjbmedia · Aug 6, 2010

of course nobody has to reply, but it would be appreciated

exaltedangel09 · Aug 6, 2010

MIKE MIKE MIKE.
THINK HE CAN TRADE HAHAHAHHAHAHAH
NOT RIGHT MIKE RIGHT.

BSAM · Aug 6, 2010

After you stare at the screen for about 5 hours per day for 2 1/2 to 3 years, I'd suggest you look at the 1 minute chart for SPY and/or ES.

The Big D · Aug 6, 2010

It really depends on the instrument. If you go too long, meaningful moves are hidden within bars. If you go too short, trends are obscured by the width of the screen and/or your field of vision.

For most things, I find there's an optimal time frame between 1 and 15min bars. Equities, for example, frequently do interesting things on 2min bars whereas T-bonds and many currencies move slowly and 15 might be more interesting.

jax88 · Aug 6, 2010

Quote from BSAM:

After you stare at the screen for about 5 hours per day for 2 1/2 to 3 years, I'd suggest you look at the 1 minute chart for SPY and/or ES.

1 minute graph is too much noise, try 3 minute or 5 minute.

Lucrum · Aug 6, 2010

mjbmedia · Aug 8, 2010

cheers to all responses and appreciate the links

Graph question

Guest