Trading in lower timeframes require more expertise. In lower timeframes market is more volatile. New traders should trade on higher timeframe. Once you are accustomed to higher timeframe, you can come to lower timeframe.
Yes I agree with you. In lower time frame there is more noise and traffic. That's why price move forward and backward. That's why people do over trading and open lot of unnecessary trades. It also leads them to bad habits.
With practice, you begin to understand it as if intuitively. You understand more or less exactly when to 'fight', and when to take a step back. And when you get to this stage, you realize that you're moving in the right direction.
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.
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.
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.
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.
Sarjohn posted: 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.
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.
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