Is this a wrong way to do Multiple time frame analysis?

Hi i’ve been day trading for a while. But beacuse of college i can’t stay in fornt of the monitor as much as i whould like. And i’ve decided to start making trades that last longer (week maximum). In day trading i’ve been using the 1min chart to open positions , the 5min to manage the trade and 15min to look for trading setups. In the longer time frame i was thinking on using the 1min chart to open positions the 1hour to manage the trade and the 1day to find setups. What do you guys think? Is using this time frames ok or should i use diferent ones? I whould like to keep using the 1min just because i’m more confortable with it

 

1 min chart is just noise especially if u want to hold a position for a week. It's beyond stupid.

 

I usually start at a daily chart and add fibonacci levels. If they look interesting at the levels I am interested in than I go to 3 minute charts and again redo fibonacci to determine where I am at where my entry will be and where to set up stop loss.
You indicate 15 minutes to look for trading set ups and in most cases I found the stock has already left your confortzone. I use TC2000 which has a great set up , its a volume indicator (post buzz) which will give you the % increase during that time period vs the past 30 Days. Unusual volume indication . What I find is in the first minute of opening market the post buzz maybe at 600% which is above the average for that stock and will notify me plus if it meets my criteria 3 positive bars than it is of interest. Note used TC2000 for 23 years, only problem Fibs suck so I use Sierra, a bit of a hassle instead of one or two clicks away but helpful in the brain damage and ascertain interesting options.

 

I think that if you decide to hold your positions open for a week, you should exclude the 1 minute chart. Yes, you can look for signals to enter the market on this time frame, but the movements there will not be as extensive as you would like and because of this, stop losses may be triggered frequently.

 

Your approach to trading with Fibonacci levels and volume indicators is solid. Combining daily charts, 3-minute charts, and unusual volume signals helps identify entry points. While TC2000 is great for volume analysis, using Sierra for more precise Fibonacci levels is a good workaround. Keep refining your strategy for consistent success.