Which Chart Time Frame Should a Beginner Use Specially in Swing Trading ?
Hello! There are several threads about timeframes here in the forums. Here are some of them:
Dear all, my nick name says it all, I'm absolutely new to trading.
I have a question I would like someone to reply.
When defining time frames to work with for swing trading in FOREX, babypips.com defines mainly 4 hour and daily screens but instead, other authors (like Dr. Alexander Elder, "Trading for a living") define daily and weekly screens, although for stock trading.
While the swing trading principles definition are quite the same, I wonder why these different approaches. Would it be …
Hi everyone,
When swing trading, has anyone looked at different timeframes to determine where the market might be going to establish a position? What I have been doing in my demo account is to look at a 1 hour chart to determine what the trend is, and then I look at a smaller timeframe (5 min) to enter a position.
I would appreciate anyones insights and suggestions. :smiley:
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?
Just a quick question post your toughts, I appreciate every feedback. Now to the point, I trade demo to learn before using real money and I dont realy understand relation between timeframes I like (1h,4h) and for example I do analysis on hourly chart and then when I switch to four hour one indicators show different story for example I use ichimoku and on hourly chart is in the cloud so then I go to check 4 hours and chart is above cloud. tf am I supposed to do? any feedback highly appreciated :…
Hey everybody, glad to make my first post in this comunity. So ... im reading baby pips school, plus IP course and demo trading, i have been in the FOREX for almost 2 months now and currently demo trading. But something that is not very clear is .. when youre into swing trading, all your analysis is base on the 1D chart? I read that you can use the 4H as a type of confirmation, but the main analysis is done on the 1D right? Thanks guys
Hope this helps.
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For beginners D1 and H4 is the best. Lower time frame is very much volatile. Yes you will get the result quick. But for trading psychology plays the important role. Higher time frame helps more to build a good trading psychology. In lower time frame you tend to do over analysis and overtrade which are bad for trading.
