Quote from AAAintheBeltway:
weld1,
For me there are three basic timeframes, daily, hourly and very short term, say 1 to 5 minutes. Basically, I look for patterns, trend and support and resistance on the daily and hourly and look for trade setups that conform to that on the 5 minute. I sometimes use the 1 minute to trade intraday.
You are on the right track to be concerned about timeframe because it is the basis for everything else. Your first step as a trader is to decide which timeframe you will trade. It's very hard to trade more than one. The best way to learn about them is to observe charts. It's ideal to have several monitors and compare different timeframes of the same market to see how moves developed.
