Day trade M15-H1 Is this correct?
Many here in ET use M1-M15
What is better?
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Trading plan
- Thread starter trader1974
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Day trade M15-H1 Is this correct?
Many here in ET use M1-M15
What is better?
¿Perderemos también? 
With M1 the stop jumps many times
So ... why not use M15?
So ... why not use M15?
I hate this answer, but it's also the correct one: it depends.
Personally, I've never found much daylight trading 1-min charts though.
Because the stop is wider ?
If you are looking to trade trends, don't look at anything lower than a 15 min. 15 min, hourly, and 4 hr are your friends in ES.
If you are trading reversals or congestion / chop, you might need to filter down lower.
Maybe it would be better H4, H1, M15, M1. Sometimes in one minute the stop jumps several times.
But sometimes the operation goes well from the beginning.
Maybe Sekiyo is right.
What do you think EsKiller?
I don't trade off the minute chart anymore.
Got a 5 range and 10 range chart for ES.
It really depends on you and your style.
If I had to choose 1 chart I'd pick the 5 minutes.
For intraday trading it's perfect (I believe) Signal / Noise wise.
But it will be too slow and too wide for a scalper...
With not enough signals. But less noise ...
I don't care about risking 20+ pts on MES.
My last setup on MES but not filled (Price stopped @ 830)
Entry 2840 / SL 2871 / TP 2780
3% vs 6% per contract;
P(win) of about 1/2 according to my spreadsheet.
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2 ranges, curious ...
Some use time candles, others tick candles, but 2 ranges have never heard of it.
Then you read the pure action of the price
Brilliant
Some use time candles, others tick candles, but 2 ranges have never heard of it.
Then you read the pure action of the price
Brilliant