Time frames

[roca]

Thanks Maxinger, I'm going to look at what you tell me.
I will need a miracle to recover.
Game over.

Trade very small size and focus on your strategy/being profitable and not how much money you make in $ amounts. Don't think about making back your loss as much as thinking about trading well. Think of your loss as a lesson.
If you can consistently make 50$/day with small size it means you are doing something right and you can scale it up

 

[rb7]

The question on which time frame to use is asked every week on ET.
How about this one:
What is the best time to end a time frame?
If you select a 5-min time frame, where does that time frame should end?
At (9:35, 9:40, 9:45,...), or, (9:36, 9:41, 9:46,...), or else (9:37:30, 9:42:30, 9:47:30, ...)?

And on top of that, what would be the frequency of calculating your that time frame?
Every minute, every 2 minutes?
Ex: at 9:35 and 9:36 and 9:37, you get your 5 min time frame backward

Food for thought...

 

[Amber_0302]

you can use any timeframe as long as you have a proper strategy to proceed with the trades.

 

[roca]

you can use any timeframe as long as you have a proper strategy to proceed with the trades.

True that but for long term trades you need long term charts

 

[yana hansen]

I like using 1day and 1hour mostly.

 

[virtusa]

True that but for long term trades you need long term charts

That's what Amber said.
"you can use any timeframe as long as you have a proper strategy to proceed with the trades."

 

[antares66]

1s.

 

[virtusa]

1s.

Markets don't change in 1 sec. Most waves that you see take minutes to sometimes hours.
There is a reason why professionals and HFT's are using 5 minute charts. And you try to beat them with 1 sec charts? You will be beaten.

 

[rb7]

1s.

Waaaaay too looooong!!!

I like the 0.1 sec timeframe...

 

[antares66]

I am an algo