what time frame doyou day trade?

C

chipmunk

I tried scalping off 1 minute charts and it was just darned fast for me. It sounds great, make a few consistent $200 profit trades but I couldn't do it.

Anyone trade longer term trends? 3,5+ minute charts? Doing ok? Can you make money longer term day trend trading?

Please, if you have nothing constructive to add by pass this topic.

Thank you
 
A scalper is gonna tell you that that's all he does and it's the easiest (and only) way to make money.

Non-scalpers will tell you to try and follow intraday trends and that scalping is "nuts" and "impossible"

The fact is that intraday trend following and scalping can both be profitable; you just have to find what fits your personality.
 
ok but I keep an open mind. I know traders make money on all time frmes, different ways. I am not here , like many, to flame and shout at other traders.

but it wold be nice to hear what time frames people have success with.

Thank you
 
Im not a scalper by the true define of the term, I am a short-term intraday trader. I trade futures only.

2m chart is my primary entry/exit, however 15m is used to determine or confirm the big picture of any given trade. A daily is "glanced" at the beginning of the day for perception of the overall dominant direction.

During choppy periods, I will use a 10-second chart as primary, with 2m as the big trade picture.

I use no indicators or MAs.

If you have a more specific question other than what time frames are used, feel free to ask.

Osorico
 
I use a 3-min chart for entries and exits, and a 5- or 15-min chart for trend confirmation depending on the holding time frame. I also keep a daily 30-day visible for determining stronger S/R levels so I know how far people are willing to "reach" or "bail" before a reversal is likely to occur.

If I'm looking to take profits on an overnight hold first thing in the morning, I use a 1-min chart, because an opening trend can break down VERY quickly.
 
Quote from chipmunk:

ok but I keep an open mind. I know traders make money on all time frmes, different ways. I am not here , like many, to flame and shout at other traders.

but it wold be nice to hear what time frames people have success with.

Thank you
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ALoha mate, it mainly does depend on what you trade tbh, and what size spread you have.

For instance i trade crude oil futures, so have a 12tick, but ALOT of movement in 3-20ticks per each movement.

So i don't 'scalp' as such, but don't really do swing trades as i like to lock in my money.. lol

I basically only trade in 1direction at mo (sell) since tahts the markets short/midterm trend, and and because i trade just using S&R levels i think the 10-15mins charts are by far the best, even if you only hold your trades for a few mins to an hour/few hours like i do.
But i also just switch in and out of the different time frames to get views form each angle as to where the S&R levels are.

Lots of my quick smaller scalps that i just get in and out within a minute even are off the 10/15min chart as indicators on where to enter and exit. :)



http://md2.it-finance.com/MDLight/i...D.CL.Month2.IP&timezoneOffset=0&webSiteId=igi
 
Quote from chipmunk:

Thanks ^^

I am going to trade the 5 min charts for a couple of weeks and see how it goes....
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What you trade then mate??

And how long your been traidng for?? :)
 
individual volatile stocks.

Former swing trader going dy traidng until the markets improve.

Looking to hold trades 1-3 hours on average.I am not set up to scalp....nor do I want to. 1 or 2 trades a day will be suffice.


I have $80,000 and need to make at least $3,000 per month...

I am quite well genned up on trading methods, money managmeent and what can and cannot be achived. i.e no buying systems that promise an easy $1,500+ per day..LOL I wish.
 
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