Trading in lower timeframes

lauranutt posted:
@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.

It is absolutely true that short time frames are not for the people who are using the long term strategies or even day trading. It is not the right time frame to put the indicators to determine the trend of the market. The lower charts are not meant for long term trades.

The spreads become the number one priority during the lower timeframes. I chose my brokers i.e. Fxview and XTB for this one reason i.e. low spreads because when you have more trading opportunities twenty to thirty percent can go into the spreads if they are on the higher side. So always consider the spreads between the pairs in the low time frame trading. The winning percentage should also be on the higher side with low investments.

antonyhollinwooe posted:
The spreads become the number one priority during the lower timeframes. I chose my brokers i.e. Fxview and XTB for this one reason i.e. low spreads because when you have more trading opportunities twenty to thirty percent can go into the spreads if they are on the higher side. So always consider the spreads between the pairs in the low time frame trading. The winning percentage should also be on the higher side with low investments.

As a scalper that’s something totally important for me too, can’t trade without low spreads.

Forex market is a highly volatile market and to trade lower time frames, a sharp marketwatch is required. To watch the market carefully, a lot of time and knowledge is required. That’s why it is always recommended that new traders should start with higher time frames. Once they acquire the proper skill-set, they can switch to lower time frames.

Oh im too cautious or afraid lol
I use smaller TF for entries though .
Respect to those who Scalp i just couldn't

That is right. It does require some expertise and practice for working on lower time frames.

mohamrpes posted:
That is right and it comes with experience. Not everyone can trade in lower timeframes without proper knowledge.

Without proper knowledge, it is quite tough to survive in this risky market.

@SteveHanks It is not quite tough rather it is impossible to survive in the market without proper knowledge and skills.

there is a law
the smaller the time frame , the greater the pattern irregularities,
montly Time-frame is the best so far, but you its not possible for most of the traders to take 2-3 trades a month at most,
so i suggest you to keep focusing on weekly and daily time frame

Smaller patterns are only useful when scalping.. Other than that, daily time frames are better to use.

Intraday trading has more chances of profit but in that case, it is necessary to acquire proper education.

@LukeRachel Yes intraday charts creates more trading opportunity but it can also be the reason for over trading. That's why intraday trading needs strict discipline.

LukeRachel posted:
Intraday trading has more chances of profit but in that case, it is necessary to acquire proper education.

Still quite daunting task unless you master PA on lower TF its really tough

ele020 posted:
Smaller patterns are only useful when scalping.. Other than that, daily time frames are better to use.

I use Daily myself and 4hr for entries

epeepillock posted:
That is right. It does require some expertise and practice for working on lower time frames.

Would you rate using a FX Simulator and if so which one ?

UweMoench posted:
@LukeRachel Yes intraday charts creates more trading opportunity but it can also be the reason for over trading. That's why intraday trading needs strict discipline.

Yes, of course. It is difficult to make a consistent profit without discipline.

Trading use lower timeframe mostly used by scalping trader, almost timeframe used is M5, and M15, although some trader maybe uses M1, but very rare because giving higher noise in the analysis, meanwhile not all trader suitable with scalping, it could lead trader to fall in emotion if always fail.

I like 5m-15m i think when you have a strategy that fits this time frame it can strike a good balance between discipline and patience

What are the advantages of trading in a lower time frame, and can I make consistent profits when trading with lower time frames?