It does all depend upon the trader’s trading style and strategy. If a trader has very short holding period time or he is intraday trader then he would look in to M5, M15 orH1 time frame. If trader has long term perspective then he would look in to the bigger time frame H8 or D1. However, long term time frame is more reliable then the short term time frame.
What time frames are better to trade on?
- Thread starter Rambo35
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I have my trading plan, according which i manage my trade with 1 to 4 hours time frame only. Most probably 4 hours and 1 day is best time frame for my trading strategy. Few people like to work on 5 to 15 minutes but it is not safe at all. Not every one handle it easily.
The type of timeframes majorly depend on the type of trader you and trading style ,a scalper will preferably go for 5m or 15m but a long term trader will prefer D1 or H4 timeframes, I use mostly the 5m,15m ,H4 or D1 for various reasons including scalping, trend setting ,entries etc ..
Time frame selection depends on trader, and differ as trader's strategy and style is differ. But most experienced trader like to work with big time frame as they are more safe and accurate then short one.
it varies upon your strategy and type of trading. but patience and analysis is actual key to make things work for you.
Generally larger time frames help us to see the bigger picture. I like to trade on H4 or D1 time frames.
Choice of time frame differs from trader to trader as different trading styles and strategies are suitable in different time frames. It entirely depends upon the style and strategy of a particular trader. Long term traders usually look for 4hrs or 1day time frames. Whereas, day traders gain from short term price movements so they usually trade for 15min, 30min or 1 hr time frame.
I am a scalper and M30 is my 1st choice, I always select my entry and exit points according to this useful time frame! In addition, I measure current position on market trend in order to H1 time frame! In addition, I only use these two time frames in my trading! And, I don’t use others trading style in my live account!
Professional traders spend about thirty seconds choosing a time frame (if that) because their choice of time frame is not based on a trading system or technique, nor upon the market that they are trading (usually), but upon their own trading personality.
For example, traders that like to make many trades throughout the trading day might choose a shorter time frame while traders that like to make only one or two trades per trading day might choose a longer time frame.
The reason that professional traders do not spend endless amounts of time searching for the best time frame is that their trading is based upon market dynamics (excepting the statistical traders), and market dynamics apply in every time frame.
For example, a price pattern that has significance on a 2-minute chart will also have significance on a 2-hour chart, and if it does not, then it is not a relevant price pattern at all. In other words, if your trading system or technique is not making a profit, there is nothing wrong with the time frame, but with your trading system or technique instead.
For example, traders that like to make many trades throughout the trading day might choose a shorter time frame while traders that like to make only one or two trades per trading day might choose a longer time frame.
The reason that professional traders do not spend endless amounts of time searching for the best time frame is that their trading is based upon market dynamics (excepting the statistical traders), and market dynamics apply in every time frame.
For example, a price pattern that has significance on a 2-minute chart will also have significance on a 2-hour chart, and if it does not, then it is not a relevant price pattern at all. In other words, if your trading system or technique is not making a profit, there is nothing wrong with the time frame, but with your trading system or technique instead.
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