time frame for intraday trading

Hi guys,

 

which time frame do you use for intraday trading?

And what do you think, which pairs are the most predictable?

 

Regards

matias

Re: time frame for intraday trading

 

thank you indo-investasi... now i become a better trader...

Edited August 7, 2010 by dr0o69

Re: time frame for intraday trading

 

Correct!

 

Constantly observe and trade 5M, optimize entries and exits at 1M

 

Look at signals, especially long term support resistance or fibonacci, at every time frame, especially daily (for instance EURUSD was very close to 50% fibonacci level of 1.4194 these days -- staying below that level would confirm a downtrend, breaking over that level would be bullish, etc.)

 

I don't use oscillators in 5M and 1M though, they are too noisy or useless at such short time frames.

M1 is noise and useless for intraday trades, scalping however M1 is fine

 

M5 could be used to optimal entries when trading intraday but if you want true intraday price action you need to be on M15. M15 is considered the intraday timeframe that the day traders will use, google INTRADAY TRADING TIME FRAME and you will see 90% of sites and traders agree M15 is intraday, anything less or higher is not.

 

there are some good intraday threads on here with alot of peoples journals.

You should look for trend on 1 H chart. Use 15M chart for entry

i would agree with superdata, use the higher timeframe to look for the trend and enter of M15 if you want intraday action, anything else is not considered intraday.

You should look for trend on 1 H chart. Use 15M chart for entry

 

Agreed. Higher timeframe for less false signal. But, at least monitoring 3 pairs because H1 is not produce signal everyday.

I am trying to know about the trend on h1 time frame and taking entries on 15m charts.

Hello Janina21.

 

you can use Alexandre Elder's Triple Screen method. You will follow 3 different graphical times as example the monthly, weekly and daily period. when the three are in the same trend you enter the operation for the shortest graphical time. Of course this is just a simple example, but it is only for you to understand the line of reasoning

Every chart under 1H is considered an intra-day chart.

H1 time frame and entries on 15m

H1 time frame and entries on 15m

Frankly speaking, entry is not an issue. The problem is when to exit.

H1 time frame and entries on 15m

For me is better to do trading in 4H only we can use support and Resistence

ECB's Makuch says he may consider leaving his post early

 

Hi guys,

 

which time frame do you use for intraday trading?

And what do you think, which pairs are the most predictable?

 

Regards

matias

 

European Central Bank policymaker Jozef Makuch may consider stepping down as head of Slovakia's central bank early to allow parliament to appoint a successor before what are expected to be highly divisive elections in spring 2020, he said.

 

That would avoid the prospect of political wranglings leading to his post being left vacant for an extended period, as has happened in Slovenia, which has been unable to pick a new governor since March.

 

Makuch, whose term ends in 2021, told reporters he considers finance minister Peter Kazimir as a suitable replacement.

 

"The next government will likely be made of several parties with a different world view," Makuch said, addressing rumors in the Slovak press that he is preparing for an early departure. "That could lead to political instability and early elections."

The U.S. dollar slipped, while the Japanese yen hovered near a two-month low on Wednesday as investors digested the latest trade news.

The US Dollar Index, which tracks the greenback against a basket of other currencies, was down 0.07% at 94.16 by 12:26AM ET (04:26 GMT).

The dollar slipped after Beijing announced on Tuesday retaliatory tariffs that targeted more than 5,000 U.S. products worth $60 billion. The new tariffs would take effect on Sep 24, China’s Ministry of Finance said in a statement. The country’s commerce ministry also filed a complaint to the World Trade Organization (WTO) against the U.S., according to reports.

The dollar hovered near a seven-week low against a basket of major currencies, in part as safe-haven demand for the U.S. currency ebbed on relief that tariffs the United States and China imposed on each other's goods were set at lower levels than some had feared.

The British pound stepped back from two-month highs on caution over whether the European Union and UK can reach a Brexit deal at their ongoing summit while the New Zealand dollar jumped to three-week highs on Thursday after strong domestic GDP data.

The dollar index stood at 94.554 (DXY) (=USD), near its seven-week low of 94.308 touched on Tuesday as its more risk-sensitive rivals held firmer.

The U.S. Dollar was unchanged on Wednesday as markets awaited the conclusion of the Federal Reserve’s latest meeting, while the New Zealand Dollar jumped against the dollar on a better-than-expected business confidence report.

 

The Fed is widely expected to hike interest rates later in the day. Markets also anticipate another rate hike before the year end, although the outlook for 2019 is less clear, according to analysts.

 

As well as an interest rate decision, the Federal Reserve will also serve up its summary of economic projections, outlining policymakers' expectations on economic growth, inflation and unemployment.

 

The U.S. dollar index, which tracks the greenback against a basket of other currencies, was unchanged at 93.73 by 11:01PM ET (03:01 GMT). The index has slipped around 3% since August.

Markets Weaken With Russell 2000 Leading Lower

That one-day bounce in the Russell 2000 last week is looking like a long time ago as yesterday finished with a cut below its 50-day MA. Technical are fading fast as relative performance began a cliff fall.

While other indices haven't shown this same level of weakness it's a worrying start as Small Caps' typically lead. The slower channel remains intact so it's not a full on reversal yet.

The NASDAQ 100 started brightly and looked to have generated a solid move to challenge its bull trap before sellers pushed it back to its starting point - leaving a 'gravestone doji'. While the Russell 2000 struggled yesterday, the weak finish for the NASDAQ 100 wasn't enough to register as a support break.

The NASDAQ had already lost support prior to yesterday, but there was no acceleration to the downside.

 

The S&P left another 'bull trap' in its wake but didn't give up (newer) channel support; it's still a long way from the long-standing summer channel - illustrated by the thin blue line.

 

For today, keep an eye on the Russell 2000. It looks like it wants to lead lower and this will be bad news for other indices. If there is to be a bullish surge, then the NASDAQ 100 will be the index most likely to lead out.

For intraday trading, the 1 min and 5 min you will be listening to a lot of noise M15 and above is recommended. I found this video and tutorial very useful (https://pipbear.com/price-action-pattern/important-tips-for-day-traders/)

You should look for trend on 1 H chart. Use 15M chart for entry

 

Yes i also agree with That

I could not trade on a timeframe less than M15. The indicators start to lie. Everything works fine on the M15 timeframe, not worse than on H1.

M1 is noise and useless for intraday trades, scalping however M1 is fine

 

M5 could be used to optimal entries when trading intraday but if you want true intraday price action you need to be on M15. M15 is considered the intraday timeframe that the day traders will use, google INTRADAY TRADING TIME FRAME and you will see 90% of sites and traders agree M15 is intraday, anything less or higher is not.

 

there are some good intraday threads on here with alot of peoples journals.

 

I'm doing the same now

it seems quite reasonable

The most commonly used time frame on an intraday chart is 1 hour, also known as an hourly chart. Depending on your trading style and preference you can have charts as low as tick charts which is a chart that plots price every second.