Timeframe?
- Thread starter cashclay
- Start date
This Q has been asked a billion times.
It depends on the product and market condition/situation.
For day traders,
Sometimes, you use 0.5 second timeframe,
sometimes, 1 sec ....
sometimes, 15 minutes.
There is no one-size-fits-all thing.
But professional writers will say
don't use a short timeframe chart.
TO EACH HIS OWN.
It depends on the product and market condition/situation.
For day traders,
Sometimes, you use 0.5 second timeframe,
sometimes, 1 sec ....
sometimes, 15 minutes.
There is no one-size-fits-all thing.
But professional writers will say
don't use a short timeframe chart.
TO EACH HIS OWN.
You joined 8 years ago and now are asking such a question?
For awhile, I was just using 3 min time frames for futures. The lower time frame charts incorporated MA's that helped to inform me if we currently were in a down day or an up day to help with my bias of taking shorts or longs.
I also like to look at news in the morning to see if something important came out like Fed decides to pause interest rate increases.
However, I did about a week ago add 15 minute charts to help with intraday trades after doing some research based on what professional traders are using to make say $ 4,000 real money in a day.
I do wish to start a youtube channel where I can post some of my charts, but it is not setup yet.
The benefit of a higher frame chart is that you can more easily see pivot points and then use the lower time frame charts for an entry.
I also like to look at news in the morning to see if something important came out like Fed decides to pause interest rate increases.
However, I did about a week ago add 15 minute charts to help with intraday trades after doing some research based on what professional traders are using to make say $ 4,000 real money in a day.
I do wish to start a youtube channel where I can post some of my charts, but it is not setup yet.
The benefit of a higher frame chart is that you can more easily see pivot points and then use the lower time frame charts for an entry.
Look Hunnybunny, looks like we got a fellow price-based advocate in our midst
(shh, don't spill all the beans.. make 'em yearn, spark some synapses. Most won't when treasure roadmap is right in their face.)
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Proffesh traders don't use time charts PERIOD. Fixed-price bars only. If takes a nanosecond or eternity for price to travel the user-defined preset fixed distance then that's what it is.
Red Pill moment right here. #IYKYK