time frames

formikatrading said:
Personally, I can't look at a time frame smaller than 15-minute. it's all preference and how much you want to be glued to your screens.
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M1 only, I'd actually like S30 but sadly no can do with current platform, more detail the better for me, but scalper.
 
formikatrading said:
Personally, I can't look at a time frame smaller than 15-minute. it's all preference and how much you want to be glued to your screens.
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You can still use the smaller time frame for confirmation.

For example if your trading system gives you a buy signal on the 1h time frame then you can use the 15 min chart for confirmation.
 
I do use 1 hour and 15-minute but that's as small a time frame as I want to go!

Tradex said:
You can still use the smaller time frame for confirmation.

For example if your trading system gives you a buy signal on the 1h time frame then you can use the 15 min chart for confirmation.
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Turveyd said:
Means nothing to me, my SL's would have to be huge, becomes more of a gamblers game out there also nearer to 50/50 which is good and bad.
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Wider stops doesn't have to mean larger losses, you can reduce size.

I trade anything from 1 minute to 1 day and i find the higher the timeframe the more margin for error there is in the entry's, resulting is less stop outs due to noise or fake moves that appear in the lower timeframes. For me its its also easier to have a risk:reward of 1:4 or even more on the higher timeframes, on the low timeframes i get 1:1,5 on average.

There is no one way to do this right, whatever works for you is the best way.
 
RDK91 said:
Wider stops doesn't have to mean larger losses, you can reduce size.

I trade anything from 1 minute to 1 day and i find the higher the timeframe the more margin for error there is in the entry's, resulting is less stop outs due to noise or fake moves that appear in the lower timeframes. For me its its also easier to have a risk:reward of 1:4 or even more on the higher timeframes, on the low timeframes i get 1:1,5 on average.

There is no one way to do this right, whatever works for you is the best way.
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Advantages and Disadvantages.

M1, I can jump on intraday momo better and ride it, with a smaller SL so more profit for the same move, where as move on it's own likely not enough for you.

Disadvantage, If I get a 100pt Spike against me with my call it 10pt SL, then I've took 10x's the hit I had bargained for ( I don't hold over news intentionally but happens ), where as same move with your 100SL even if near the 100SL your ownly looking at 2x's the expected loss, which is nothing. Where as I've had 50% of the account vanish in 2seconds!!

Not prepared to leave trades on the table or over night, so Daytrade around life works for me, where as I guess not an issue for you. ( I'd still be checking every 5mins )
 
easymon1 said:
It's all good. the question is what works for YOU?

Question if I may, where are you hearing/ seeing 4 minute charts in frequent use?
Some while back some Canucks online teamed up and were working 4 min charts pretty much exclusively in tandem with some ryan jones position sizing methodology.

any hoo, where are you seeing 4 min charts in frequent use, if that's Ok.
may as well look at 8 and 13 minute charts while you're at it, too.
break a leg!
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sorry. i meant 5 minute
 
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