Best time frame

Trading Discussion
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What is the best time frame for candlestick pattern

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That all depends on your style of trading.

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To choose the best time frame, consider what your trading style is and what trading strategy you wish to follow. These should influence the appropriate time frame to be trading on. Thereafter, select a technical analysis chart that you are comfortable with, conduct thorough analysis, and ensure to implement sound risk management on all trades.

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Thats a tough one, it all depends on the trader youd like to be. The most reliable are teh higher timeframes like weekly and monthly but they arent the best indication if youre scalping teh 5min. A general rule of thumb ive been told is two timeframes up so if youre a day trader on the 1h look at the 4h and daily if youre a scalper on the 5m look at the 15m and 30min

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Remember that almost all the research and data-gathering on candlesticks and candlestick patterns was done on the daily time-frame and not in forex, which has no overnight closed session. So there are many patterns that just won’t work so well as the experts say they should when applied intra-day or in forex.

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Hope you will find this useful