What time chart do you use for your Forex trading?
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  1. #1
    Join Date
    Sep 2009
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    15

    Question What time chart do you use for your Forex trading?

    Just wanted to get some feedback on which time chart do you use for your trading? I personally use the hour and 4 hour charts. What time charts do you use and explain why? Thanks folks!

  2. #2
    Join Date
    Oct 2008
    Posts
    1,368
    Mostly 1 hr and 4 hr
    Often 30 min, 8 hr
    Daily once in a while

    Why?

    Because I look for chart patterns and that's all I need, this way I can see the whole picture and no need tons of timeframes.

  3. #3
    Join Date
    Dec 2006
    Location
    Wichita Falls, TX
    Posts
    2,805
    You really shouldn't be asking others what chart periods they trade. Only you can decide that for yourself. First you suss out your trading timeframe, and then you figure out from there what chart periods to use to generate the types of trade that match timeframe based on the methodology you employ.

    It all has to go together because if you're intending to be a day trader using hourly charts, but have a system that produces swing timeframe trades it's not going to workout very well for you. Similarly, if you're looking to swing trade off daily charts but have a method that produces intraday trades you're in a bind.
    John Forman
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  4. #4
    Join Date
    Oct 2013
    Posts
    8
    One of the golden rules of forex trading is that you should always trade in the same direction as the overall trend.So for instance, if the GBP/USD pair is in a strong upwards trend on the 4 hour and daily charts, then you ideally want to be looking to open long positions on the 1 hour chart so that you are trading with the trend rather than against it. It is often fairly easy to spot price trends simply by looking at basic price charts. However there are also a few tools you can use to help you find forex pairs that are in strong trends right now, to save you the hassle of scanning the charts of all the major currency pairs.

  5. #5
    Join Date
    Jul 2016
    Posts
    13
    Quote Originally Posted by rhodytrader View Post
    You really shouldn't be asking others what chart periods they trade. Only you can decide that for yourself. First you suss out your trading timeframe, and then you figure out from there what chart periods to use to generate the types of trade that match timeframe based on the methodology you employ.

    It all has to go together because if you're intending to be a day trader using hourly charts, but have a system that produces swing timeframe trades it's not going to workout very well for you. Similarly, if you're looking to swing trade off daily charts but have a method that produces intraday trades you're in a bind.
    I couldn't agreed less, It all depends on how much time you have to trade, your personality and skill level.If you are someone who wants to sit and trade with less pressure and more relaxed, go for the daily frame or h4 .
    Personally I go for H4 and H1 most at times .

  6. #6
    jingoy is offline Superior Master Contributor and Member
    Join Date
    Oct 2011
    Posts
    789
    in general since i dont scalp much i look at the daily and 4hour charts on my hotforex account, but i do look for patterns at the 15m and 30m charts, even the hourly ones. it really depends on you trading style and strategy, but stick to basics for now and you will reach there soon enough

  7. #7
    Join Date
    Dec 2015
    Posts
    253
    I use the daily and the four-hour time frames for the most part, but I don't stick to them exclusively. Sometimes I look even the 1-minute time frame.

  8. #8
    Well, in my live trading I use almost all kind of trading styles from scalping to hedging! So, I always prefer to use trading chart according to the trading style. Like, when I am going to use scalping trading style then I select lower time frames like m15, m30! In addition, for positional trading and swing trading I use mainly H1 and H4!

  9. #9
    Join Date
    Jul 2013
    Posts
    1,434
    M15 and M30 charts have nothing to do with "scalping" at all.

    Scalpers are using tick-charts, or at the most/slowest M1 charts, and more likely S30.

    I no longer use time-charts, myself, as of 2015. When I did (for years), the faster of my two time-charts was usually M5, and even that's nowhere near scalping at all.

  10. #10
    Join Date
    Mar 2015
    Posts
    521
    Yes I think choose timeframe also depending with style and plan trading that will implemented to the market, many swing trader might at least use 4 H timeframe and daily timeframe, but different if trade scalping might will prefer use 5 or 15 Minute timeframe

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