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Trading in lower timeframes
Mitglied seit Jul 23, 2020
759 Posts
Mitglied seit Jul 23, 2020
759 Posts
Nov 29, 2020 at 07:58
Mitglied seit Jul 23, 2020
759 Posts
Maveswyn posted:I agree with you. It is all about how well you understand the market.
Sometimes it all depends on experience, and sometimes it all depends on the specific situation, because you can see the perspective where no one sees it...
Mitglied seit Sep 18, 2020
31 Posts
forex_trader_1219909
Mitglied seit Mar 21, 2020
3 Posts
Dec 14, 2020 at 14:10
Mitglied seit Mar 21, 2020
3 Posts
I disagree. Trading lower time frames like a 1 minute chart, there ton's of trends that on higher time frames are not there. A higher time frame could be range bound, but a 1 minute chart, there is trends galore. The problem traders have is they use market orders to enter. This is a huge mistake! Always use entry stop orders to enter. If you have a stop order to buy, and the market go's down, your trade never gets filled and you don't lose money. Trail a buy entry stop order above declining prices, and in time the market will reverse and move higher, your buy stop will be filled and will show a profit within a few minutes if trading on 1 minute charts.
Dec 15, 2020 at 06:42
Mitglied seit Apr 15, 2020
219 Posts
Lower time frames are specifically used for short term trades like intra day trading, scalping etc. Lower time frames generally help you to confirm the on going trend that you observe in higher time frames. Along with it, you a trader uses them to ascertain their entry and exit points.
The more your practice, the more you learn.
Dec 28, 2020 at 08:52
Mitglied seit Jul 12, 2019
24 Posts
Selecting a timeframe is of great importance. And this must be understood when choosing a strategy or approach.
But even if you choose something like this, it's worth it to you to
- try it out on a demo
- analyze results
- make a final decision.
But even if you choose something like this, it's worth it to you to
- try it out on a demo
- analyze results
- make a final decision.
Dec 28, 2020 at 09:12
(bearbeitet Dec 28, 2020 at 09:16)
Mitglied seit Dec 28, 2020
187 Posts
I think lower time frames consist of maximum unexpected market shifts. Lower time frames are not quite helpful for understanding the overall trend and market flow as a result traders might get wrong ideas about the market situation.
Mitglied seit Nov 17, 2020
19 Posts
Mitglied seit Jul 23, 2020
869 Posts
Jan 09, 2021 at 12:14
Mitglied seit Jul 23, 2020
869 Posts
Starcliff posted:You are right. Day traders often use hourly time frames like H1. H4, H12 etc.
Medium-term timeframes usually choose scales from several hours to a daily segment. There are numerous strategies for daily timeframes and therefore you can always make a profit here
Jan 21, 2021 at 10:57
Mitglied seit Jul 15, 2020
36 Posts
Sarjohn posted:Low timeframes is like a movie, fast forwarded exponentially. I think these low time frames are great for scalpers overall because they can provide you with tons of trading opportunities but not for the long term strategies.
I think lower time frames consist of maximum unexpected market shifts. Lower time frames are not quite helpful for understanding the overall trend and market flow as a result traders might get wrong ideas about the market situation.
Mitglied seit Oct 01, 2020
37 Posts
Jan 22, 2021 at 04:21
Mitglied seit Oct 01, 2020
37 Posts
I think lower time frames have a great chance of making wrong decisions for newbies. Things are moving so fast that there is a very less chance for error. If you are entering the lower timeframe then make sure you should invest in a small amount because within that 15 minutes all of the action is happening.
Jan 22, 2021 at 09:48
(bearbeitet Jan 22, 2021 at 09:48)
Mitglied seit Jul 15, 2020
36 Posts
@Darrensmith Use the automated trading scripts which are the best for scalpers and day traders alike. No doubt the risk is higher and decision making can be prone to errors but plan for the next 15 minutes by making an automated trade during the current time. For example to be more clear I was using Acttrader from XTB broker for my trades but in lower time frames you need to write your own trading script. So I use the MT4 platform (find the C language easier) from the broker Fxview and use the position trading strategy, where I determine my entry for the trade using the long term and short term timeframes. So automatically my entry point for the trade is predefined for the lower range of the timeframe.
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