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!
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!
Daily
Why? Cos everyone told me to! But they were right - the market is slower, you have more time to make decisions, the signals are clearer AND more reliable and it's hard(er) to overtrade.
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.![]()
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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