Its upto you that what timeframe you should use for trading because all depends upon the trading strategy and plan ,for me i generally use the H1 and the daily timeframe so that i can get clear entries but yes the scalpers using low timeframe
why dont we wactch the minutes frames? I use scalping strategy, I start with the small capital. and I close the order when I lose or earn 5-10 pips.I agree. It is the best time frame for beginer. And one more advise for all beginers: For good emotional stability do not watch for the minutes time frames.
I have to say yes. it makes me crazy as well, the volatility of the charts. gona move to 15mins timeframe and see how it goes. thank youim looking more into the daily and 4 hours time frames since my trades are swings and position trades, for scalping i can say its more on the 30m and 15m time frames, i do not trad the 1m or 5m its just to crazy for me..
15M timeframe usually for scalping trader, but there are scalping they can use 5M timeframe, ceratin simple strategy scalping on 5M timeframe is trader waiting new wave occured and will open trades and closed after three candletick figured whatever result even profit and lossI have to say yes. it makes me crazy as well, the volatility of the charts. gona move to 15mins timeframe and see how it goes. thank you
Yes each trader have own style in trading, maybe for scalping trader they will use at least 1H timeframe and look on 5M tiumeframe to maiking decision, but will different for swing trader that usually use 4H and daily timeframe to analyze area market
Yes I think so too, although we use short term trading plan with low timeframe, but will better also use higher timeframe to look in range movement or trend for long term, if likely trend major on bearish hence scalping also will safier if trade follow trend with seeking sell optionI agree. Timeframe is mostly relevant to the type of trading strategy being used. With that said, however, even a scalper trading M5 should take a look at the longer timeframes to get a broader perspective on market direction.
Yes it will good if we comfortable using timeframe that already chosen, and might this is also will giving more experience using certain timeframe whether we can making good accurate analysis or notChoosing time frame depend on the comfort of the trader, it depends when you are free to trade so that you can concentrate on your trades.
How has this move worked out for you?I have to say yes. it makes me crazy as well, the volatility of the charts. gona move to 15mins timeframe and see how it goes. thank you