Hi, and welcome to Babypips!
I went with daily and weekly.
Due to my full time job I tend to hold positions longer than the average person; usually days to weeks, depending on how long price takes to break out in my direction.
I trade off weekly and daily charts for forex, and mostly just weekly for stocks.
Hello, welcome to the forum, good thread to “delurk”, there are nearly 100 votes, I’m quite surprised.
The results shocked me! Five minutes? That’s crazy! How can you trade on a 5 minute chart with all that noise? I wish I knew your results too.
I don’t know who you’re asking, but some people don’t believe in “noise”, do they? And there are certainly plenty of pro’s sitting on trading floors using faster charts than that, all day every day, aren’t there?
Some very successful traders would think M5 charts much too slow for their trading.
So interesting to see the wide range of opinions, in this thread!
This is a worthwhile question but having seen some people’s charts, it appears they do indeed set these to very short time-frames, but their charts display so many bars that the individual bars are concealed. They’re effectively looking at a line chart drawn with a broad paintbrush.
Perhaps discussions of choice of time-frames also needs a value for total number of bars displayed?
I’m sure that’s right, but I think it’s probably only fair to mention, too, that they tend to have facilities and techniques that aren’t available to retail traders (and of course that they’re not trading CFD’s!).
Tough one to know, but I think it’s low.