So far, I’m just demoing on candle sticks. So the only tools I’m trying to get a hang of this month are candlesticks and I use different time scales to see the trends.
Let’s say I have a two hour trading window per day. That means my trades around going to be held up to two hours, but more likely between 30 min - 1.5 hours. I only trade one lot at a time.
Before I start, I look at:
1 Day charts (to see the long term trend of the past few days)
1 Hour charts (to see what the market is like in the current part of the day)
30 Min charts (to see what the current trend is like)
1 Min charts (to see the current trend being formed)
My question is, should I try decreasing the frequency of the last chart for more clear signals, say 15 min charts instead of 1 min?
I feel like 1 min charts are way too noisy for the length of time that I intend to hold the trade?