What time frame do most daytraders here use?

[Steve Tvardek]

5 Min charts and daily's only.

 

[Surdo]

Quote from bellman:

shorter the timescale on the charts the better.

I am glad none of you morons use a 30 min or 60 min!
It's good to know who I am fading here.

 

[Jayford]

daily - 15m - 5m

if a market is really flying i will go down to 1 min, but usually too much noise for my approach.

 

[NZDSPeCIALISt]

Quote from JMowery1987:


For forex, it's the 4 hour for trading off of in a longer term trade, and the 1 hour for more of a scalping type trade, but I rarely do those.

right on brother. time and/or tick charts that replicate 30/15/3 to fine tune as well.

 

[bellman]

Okay, perhaps I am missing something. When I chart on a 30 minute time scale, it doesn't record the weighted average price traded over that timescale, but only the last price traded during that 30 minute period. This seems to be a pretty screwy way to use information for technical analysis.

Why out of all prices that may have traded during that time period would someone choose to focus on the last price traded?

 

[maxpi]

Quote from Holmes:

the barlength you trade is directly propertional to how your experience has taught you to be most profitable.

I thought Jack H was back for a second there

 

[candletrader]

I used to be very short term, but if I must day trade, then I like 60 minute candles....

Daily and weekly bars are where I am currently at for most of my trades...

 

[5Pillars]

I use 5 minute market "delta" charts for my market opening bracket trades, and I use the 1 minute "delta" charts for my intra-day scalps for every product I trade.

 

[tradewiz50]

1 min on the open bell and 10 minute during the day.....

 

[boro45]

233 and 377 tick charts. I like the way tick charts show me the speed of the market versus time bars/candles. Why would I want to sit on my hands waiting for a 5 min candle to close while the market takes off?