Which chart time frame do most intraday traders use for s/r?

MarkBrown said:
global financial market opening and closings, state of intervention time, global lunch times, global debt instrument opening and closing time, previous sessions high low and mean lines, current sessions pivot points and fibonacci retrenchment levels, previous session close, 70% value areas and the point of control, tracking expiration days, tracking report days and times.
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I'll take momentum over Fibonacci mumbo-jumbo any day. As for levels, if the S/R is "meaningful," then it will be reflected in the momentum/price action. If the S/R is not meaningful, then price action momentum will not reflect it. So how is S/R not arguably redundant? Perhaps you use it for confirmation? But if the momentum and price action suggest a good entry, does that mean you would not enter if there is not a "suitable" S/R? Which begs the question: Are S/R levels a need-to-have, or a nice-to-have?

As for the rest of your laundry list, I don't think padutrader was addressing them; he was only comparing S/R to momentum.

Just my opinion, of course.
 
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Xela said:
I don't know ... but if you do find a clearcut consensus answer, that would probably be a good timeframe to avoid, given that most intraday traders are losing, don't you think? (I trade intraday and all my trading revolves around s/r, but I don't use a timeframe to determine it, myself.)
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May I ask if you don't use time frames, do you look at price/volume charts to trade at all or just use # you calculate yourself?
 
the 90 percent losers in my opinion are the time based chart traders. that is intraday . momentum is a tool but why not go with points from apex nadirs? the few that recognize the apex nadirs leg beginnings have an "edge". they will not gift or sell the true system that identifies highest probability zero starting point of each leg. with many tens of thousands of hours dedication with passion you might become one of the elite. the market offers we accept.
 
ironchef said:
May I ask if you don't use time frames, do you look at price/volume charts to trade at all or just use # you calculate yourself?
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the problem with time based charts is the bar sizes are tiny to huge same few minutes sometimes. other time who knows? range chart I always know bar size trend channel top and bottom of channel severty of angles etc. time based chart tell you one thing for certain. what time it is.
 
renko76 said:
the problem with time based charts is the bar sizes are tiny to huge same few minutes sometimes. other time who knows? range chart I always know bar size trend channel top and bottom of channel severty of angles etc. time based chart tell you one thing for certain. what time it is.
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