Time Frames used for Swing Traders

[halfstep]

which time frames should a short term swing (1 - several days) trader use?

I recently just read on pip school that one should use no more than 3 time frames? anybody in here use more?

[xtraction]

Different time frames are just different ways of charting the same data. There is price and time. At one time, price is p(t) and at a later time price is p(t1). Whether you look at a minute, hour or daily chart, p(t1) will be the same.

[cadarkitek]

Originally Posted by halfstep

which time frames should a short term swing (1 - several days) trader use?

I recently just read on pip school that one should use no more than 3 time frames? anybody in here use more?

I would recommend tose above 30m, I think 30m and below would better suit intra-day traders. Practice until you identify those that best suites you and the system you trade. I personally prefer D-4H-1H and eye the weekly occasionally.

[halfstep]

hmm, I am experimenting with some stuff right now with the time frames, i find that 30 Min tells alot that H1 charts doesn't. i also find H4 pretty useful.

So My preference so far is

30 Minutes, 4 Hours, and Daily, and I trade from 1 - couple of days. not more than a week.

[forexpeters]

very usful info :P

[xtraction]

Originally Posted by halfstep

hmm, I am experimenting with some stuff right now with the time frames, i find that 30 Min tells alot that H1 charts doesn't. i also find H4 pretty useful.

So My preference so far is

30 Minutes, 4 Hours, and Daily, and I trade from 1 - couple of days. not more than a week.

What exactly does the M30 chart tell you that the H1 doesn't?

[halfstep]

Originally Posted by xtraction

What exactly does the M30 chart tell you that the H1 doesn't?

I trade EUR/USD, and for 2 days, i have been comparing m30, to 1hour charts, and for both days, I have spotted more candlestick signals, that 1 hour charts does not give but 30 min charts shows clearly.

on the 30 min charts, i have seen early signals for reversal such as engulfing patterns, and Dojis, and box ranges.

30 Min charts basically breaks down the hour charts, in a more clear way. It is, in my opinion the lowest level a swing trader could go, without getting too many fakeouts, and hectic patterns, from the 15 min or below charts.

[xtraction]

Originally Posted by halfstep

I trade EUR/USD, and for 2 days, i have been comparing m30, to 1hour charts, and for both days, I have spotted more candlestick signals, that 1 hour charts does not give but 30 min charts shows clearly.

on the 30 min charts, i have seen early signals for reversal such as engulfing patterns, and Dojis, and box ranges.

30 Min charts basically breaks down the hour charts, in a more clear way. It is, in my opinion the lowest level a swing trader could go, without getting too many fakeouts, and hectic patterns, from the 15 min or below charts.

I understand. Thanks. Good luck.