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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.
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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.
Last edited by cadarkitek; 11-01-2009 at 01:18 PM. |
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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.
Last edited by halfstep; 11-01-2009 at 10:42 PM. |
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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. |
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