What do you think is best “time frame” to look at a chart? I was told to use h1…
Depends on strategy… but (in my humble opinion), the daily is a great place to start and than work your way down from there.
I use higher time-frame (H4 or Daily) to determine the market direction and lower time-frame (M15 or H1) for entry and exits.
it really depends on what type of trader are you, if you scalp then id say its the M15 and M30, M1 and M5 are for action loving people and extreme scalpers, for newbies i suggest trading swings or even position, its very low in terms of action going on but its safer. so there you go
it depends!
low tf = immediate view of the market, if you increase the tf you can see the big picture…
for example i’m an intraday trader and i use H1 and M30, sometimes H4
IMO any timeframe will work if you stick to trading method rules. But it may take time you to select the best time frame according to your personality. I started with 1m, then moved to 15m , then Daily and finally trading with 4 Hr TF.
Thanks for replies guys, i think ill use h1 and h4 for now, to train my patience