Going to smaller timeframes, is it worth the effort in the end ?

Discussion in 'Trading' started by TrAndy2022, Oct 10, 2022.

What is your favorite timeframe ?

  1. tick(s)

    8.0%
  2. 1 minute

    16.0%
  3. 5 minute

    44.0%
  4. 15 minute

    8.0%
  5. 1h bars

    0 vote(s)
    0.0%
  6. 4h bars

    4.0%
  7. daily bars

    20.0%
  8. weekly bars

    4.0%
  9. monthly bars

    4.0%
  10. other (Range, Renko, Volume bars, etc.)

    24.0%
Multiple votes are allowed.
  1. wartrace

    wartrace

    As an outright futures trader, I use range bars. You have asked a variation of this question 3 times so far. YOU have to figure out what timeframe YOU are comfortable with. It all depends on what product you are trading and what your "edge" is. I suspect you are somewhat new to trading so my advice is to settle on a product and watch the market. You will likely determine your preferred timeframe based on this.

    One thing I am sure of is that there is no "right" way to trade and no "perfect" timeframe.
     
    #11     Oct 10, 2022
    murray t turtle and MarkBrown like this.
  2. The problem is that you can keep pealing layers of the onion if you drill down.

    If you use ticks on ES what about order book?
    If you use ES order book what about the options chain?
    If you use the option chain what about the option chain order book?
    If you use the option chain order book what about the tick of the underlie cash index calculated in real time as fast as you can?
    Even if you get that far, what about the order book on all 503 stocks that ultimately ES is a derivative of?
    503 options chain, 503 option chain order books...

    For me, without having a team this is an intractable problem so the only solution is bigger moves that span multiple days, weeks or months.
     
    #12     Oct 11, 2022
  3. %%
    LOTs of tear$ shed on peeling onions\ great illustration:D:D
    MOST of the millions made + more/\ are done with investing + larger times frames\
    + market makers + specialist$ ..... can doVery well with bid\ ask.
    Even though i did not vote/ i'm sure not a market maker , with all due respect;
    + no disrespect intended for MM or specialist$..........................................
    I like,love the way MMs sometimes gun for resting orders, targets:caution::caution:
     
    #13     Oct 11, 2022
  4. MACD

    MACD

    @Sprout -- Another BRILLIANT post. Thanks
     
    #14     Oct 12, 2022
  5. Cut this shit out. Use the like button or send him a pm.
     
    #15     Oct 12, 2022
  6. What's the problem?

    It was an excellent post and he provided feedback and thanked him.

    Unless I'm missing some sort of spam issue?
     
    #16     Oct 12, 2022