time frame for day trading?

Discussion in 'Trading' started by dafong, Oct 25, 2008.

  1. dafong


    what min bars do you guys like to use? 1 min, 3 min, 5 min, 15 min, or 30 min?
  2. Lucrum


    5, 10 and 15 are my favorites.
    I only use one at a time depending on conditions.
  3. i use TICK chart ONLY
  4. 1min and tick for scalpin

    like the indians
  5. moarla


    take a look at volume charts
  6. sumosam


    i use one minute charts....but, it makes sense to use a longer time frame...will experiment with 5 minute.
  7. 1, 5, and 15. 5, and 15 on the corresponding index.

    3 price patterns on all 3 time frames = trifecta and high probablility.
  8. For those rare occasions where I stick around and watch price action 5 minute chart is by far the best. For the life of me I can't understand why anyone would use 1 minute chart since it is filled with insane volatility.
  9. creation of patterns (price action) with volume on the 1 minute can be very powerful if you are interpreting correctly. I agree the 5 is stronger and allows for better position size calculations.
  10. When you use tick charts, what is the most critical element of change you watch for? A percentage in price; quantity of ticks within varying time frames?
    #10     Oct 27, 2008