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D1 and higher
koval

Member Since Jan 14, 2011  36 posts koval Jan 10 at 12:53
Same time ago i have try to trade on m5 and m15. than i need to sit all day with charts. Im thinking if market is same ona m5 and d1, why not do exactly same but on D1. D What do you think about it? Do you know some one who is doing this?

xgavinc

Member Since May 11, 2011  213 posts xgavinc Jan 11 at 14:43
I trade H4, it's a good balance for me.

It all depends on your trading style and plan, if you have a 9-5 job I would not recommend a time frame lower than H4, if you sit in front of the screen all day, no more than H1. If you manually trade you should be using all (or most) time frames to make trading determinations (at least 3 comparisons, like H1, H4 and D1 for example). Some traders only use MN, but I consider them to be investors, not traders.

You cannot scalp a H1 and you cannot swing or position trade a M1

Hope that helps you decide.

For every loss there should be at least an equal and opposite profit.
TiffanyK

Member Since Feb 12, 2016  111 posts TiffanyK Feb 16 at 16:22
Agree with xgavinc. Depends on your style, but D1 seems a bit too “general”.

Littleelton3

Member Since Sep 07, 2015  1 posts Forex Crusha (Littleelton3) Feb 17 at 07:24
I trade 4 hour and daily. I find the trend and use the one hour charts for my entry. It doesn't require me to sit in front of charts all day. I also use Support and Resistance zones. Working on my divergence trading to learn more about trend reversal and exhaustion

All Trades Are Not Good Trades "KISS"
BaldoN

Member Since Feb 12, 2016  115 posts Baldo (BaldoN) Feb 17 at 08:01
Hello,
The market is the same on D1 or 5M, the difference is on 5M is much faster changing and you need to react much faster, with tight targets and stops needs to apply.
Trading on D1 will give you more flexibility and free time - no need to check the chart each few minutes and this is related with larger stops and targets.
Which timeframe is better - depends completely from you, your personality and how do you feel much comfortable to trade (this is very important), your 'internal' risk feelings and acceptance and etc.
For example, I prefer to trade small time frames, but what is fitting to me best, my not be of any help to you.

lee42747

Member Since Aug 10, 2015  49 posts Jay (lee42747) Feb 17 at 10:14
@xgavinc @BaldoN Spot on comments guys! I completely agree with you. Using the timeframes for identifying entry and exit levels is important plus a plan with set sl and tp levels can also help reducing the time spent in front of the screens, when going for longer timeframes.

mlawson71

Member Since Dec 11, 2015  662 posts mlawson71 Feb 18 at 11:36
BaldoN posted:
Hello,
The market is the same on D1 or 5M, the difference is on 5M is much faster changing and you need to react much faster, with tight targets and stops needs to apply.
Trading on D1 will give you more flexibility and free time - no need to check the chart each few minutes and this is related with larger stops and targets.
Which timeframe is better - depends completely from you, your personality and how do you feel much comfortable to trade (this is very important), your 'internal' risk feelings and acceptance and etc.
For example, I prefer to trade small time frames, but what is fitting to me best, my not be of any help to you.


I really couldn’t have put it better. Different time frames are suitable for different people. I too prefer the shorter time frames because I don’t like keeping a position open for days on end.

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