I was just wondering what is the most common timeframe you guys watch? I know you guys look at multiple time frames and it depends om what type of trading you do.
Lets say for intra-day scalping, I used to always use the 1 minute daily chart, but I see a lot of people use 5 minute charts...what do you guys use? Also on those 5 minute charts i've seen people use 50, 100, 250 SMA's, what do you think of that? before, on the 1 minute chart I was using 10,30, 240 WMA's...
Basically, what i'm trying to figure out is what do MOST traders look at?
I know S & R is very important, but what is the most common timeframe and MA's that traders use?
Thanks
Lets say for intra-day scalping, I used to always use the 1 minute daily chart, but I see a lot of people use 5 minute charts...what do you guys use? Also on those 5 minute charts i've seen people use 50, 100, 250 SMA's, what do you think of that? before, on the 1 minute chart I was using 10,30, 240 WMA's...
Basically, what i'm trying to figure out is what do MOST traders look at?
I know S & R is very important, but what is the most common timeframe and MA's that traders use?
Thanks
