Time frames

Discussion in 'Trading' started by trader1974, Sep 8, 2020.

  1. trader1974

    trader1974

    I use 3 time frames, 1 hour, 15 minutes, and 1 minute. It is right?
    It can improve?
    What do you think?
     
  2. speedo

    speedo

    You can trade most any TF but the institutional algo's like the 5 minute.
     
  3. doesn’t matter what you pick but be consistent and only use one
     
    trader1974 likes this.
  4. trader1974

    trader1974

    I like 5 minutes, but when I see a reversal the stop is too far for me.
    However the 5 minute candles are more reliable.
    Fail more risking less or fail less risking more, that is the question.
     
  5. trader1974

    trader1974

    Speedo, do you think it would be better for me if I used the 5 minute timeline instead of the one minute?
     
  6. speedo

    speedo

    Fewer losses or smaller losses....personal choice. Trading like life at large contains tradeoffs.
     
    trader1974 likes this.
  7. speedo

    speedo

    One minute is unstable. I recommend staying away from it.
     
    legionx likes this.
  8. Bugsy

    Bugsy

    1 minute support and resistance are consistently breached on closes back and forth. I am also in favor of the 5 min over the 1 min.
     
    trader1974 likes this.
  9. trader1974

    trader1974

    Well, I was doing very well but I've lost a lot of money lately and I'm worried.
    I can't make too many mistakes.
    Any help is appreciated.
    Will you lend me some money?
    Just kidding.
     
  10. roca

    roca

    I use 4 TF usually 1min,5min, 15min,30min. Higher TF for signals to identify primary trends and smaller TF for entry points. However if the trend is just starting I use smaller TF for signal and entries.
    You can switch up the timeframes and use 5min,15min,30min, 1hour depending on where you can find the primary trend
     
    #10     Sep 8, 2020
    trader1974 likes this.