I voted for H1 and M15 because it says you can vote for up to two timeframes.
I use H1 much more often but sometimes trade from M15 charts if the markets seem terribly slow.
I’m not sure I agree with your comment about noise, really. I’m not sure there’s any such thing as noise. The truth is that I envy people who can trade successfully from much faster charts than I do. That would make my life easier (and maybe wealthier), but I can’t. Not profitably.
I’ll be interested to see other replies as the thread continues, so thank you for starting the poll!
I’d go with 15m. It gives a good balance between being fast-paced enough for active trading but not too quick like the 5m where there’s too much noise. It also allows me to catch trends without feeling like I’m waiting forever like with the 1hr. Perfect for day trading and staying engaged.
I’m lazy and don’t want to have to work out the volatility and take it into account, or to worry about the time of day and whether the market’s quiet or busy or about to be quiet or about to be busy or whatever, so I use charting that takes the volatility into account for me automatically, in its construction. (My guess is that almost all the futures traders here - not that there are many of us! - will say the same. I’ve been wrong before!).
For context generally my analysis includes all the HTF for forex. Even though I’ve picked 4 & 1 hour in the vote. That’s what look for most value. And check 30 minute as things are happening for alignment with 4,1 hour. Quick look at 15 minute lol.
I dont know if I should pick 1H or not since I began trading recently. Although I practiced on demo for long then only started on live. 1H gives me more time to think and plan.
The top down analysis required analysing higher timeframes like Daily to 4H, then to 1H and trading on 30 mins or less than that in order to get the broader picture of the market conditions.
I use faster charts than any of the options in the poll.
I have limited time available, to trade, but I need to test my system and do enough trades with it to gain experience and to be able to learn from the results.
So, is being short of time/having limited hours a reason to use slower charts, or faster charts? There seem to be some opposite beliefs, here, about this question?
If you can be online for 10 minutes per day, at the same time every day, to trade a set-and-forget opening range breakout, you might use very slow charts and make 5 trades per week in less than 1 hour per week; if you can be online for 1-2 hours per day, after work, depending on your time-zone, you might do something similar, or do a whole load of fast scalps from ultra-fast charts?
For example this afternoon between 2.40 and 2.50pm there were 40 bars (this is about the most in 10 minutes) and this evening between 7.40 and 7.50 there were 15 bars.
I am very new and have never looked at timed bars yet. I like the volatility to be taken into account for me automatically so it’s just one less thing to think about for myself. It makes the learning process much easier, for a beginner!