What time frame do most daytraders here use?

[marketwhizz]

Wow I'm amazed at how many 1 min chart users there are here (including myself). I thought most daytraders would be using 3 mins.

 

[Bitstream]

5min/2days...15min better on futs imo.

 

[Trader13]

Quote from JMowery1987:

Not necessarily...

The shorter the timeframe, the more action, the more subect of randomness, the more quick thinking needed to be done.

I trade on the 1 minute timeframe though.

I use the 1, 5, and daily when researching, but during live trading, it's only the 1, but use other timeframes for plotting S&R.

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.

For Futures, it was the 1 minute timeframe.

I did like on the Laser platform how they had the bid, ask & last price displayed on their tick chart, and I did use that, but now since using Sterling Trader Pro, I do not use it.

Interesting point on forex which echoes what I've heard from other currency traders. In contrast to stocks and stock indexes, I've noticed that intraday forex (spot and futures) does not have reliable technical patterns on the faster time frames ... 1 min, 5 min, 15 min ... requiring a slower time frame like 60 mins or longer. It seems odd for the currency markets, with so much trading activity, to behave so differently from the other markets on these faster time frames. Any thoughts on why this occurs?

 

[inet]

Which data source do you use with market "delta" charts?

Quote from 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.

 

[cvds16]

hmmm, you better start to look better, there is noise in smaller timeframes, but there is the occasional diamond too.
I use 1/2/3/5/15/30/30/240 min charts in forex. They all give me clues.