I don't use time based, but use 2000 ticks. I am primarily a scalper and this works very well for my purposes.

When I was trading, have stopped for personal reason, I used the 5 min chart. I like the 5 min chart to trade as I like to be in and out of trades quickly. I do look at 15 minute charts but only use 5 min charts to trade. All the best with your trading.

RagBadger 

Hi guys, I'm trying to generally gauge what other people are using in terms of time frames? I personally use anything about a 15 minute chart to avoid a bunch of the noise. What do you guys use?

I use 200 milliseconds.



Why?
That's how I roll, baby.


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Stopped trading time frames long ago.

Time adds distortion to price action and price is the only thing that matters. Tells you everything.

Once you remove the distortion of time via price only bars, it's like turning the lights on.

I used to believe that.

During different time periods isnt it possible that there are different active players in the market and therefore the psychology of the price action changes given each different set of players? In my experience the eurpoean rth are different than the us rth as an example. Do you take this into account by only looking at specific time periods that should have a consistent set of players or do you do something else to filter population noise? Just thoughts, nothing ive perfected. Thanks

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bxman 

During different time periods isnt it possible that there are different active players in the market and therefore the psychology of the price action changes given each different set of players? In my experience the eurpoean rth are different than the us rth as an example. Do you take this into account by only looking at specific time periods that should have a consistent set of players or do you do something else to filter population noise? Just thoughts, nothing ive perfected. Thanks Sent using the NexusFi mobile app

Yes, absolutely. If you breakup any chart into half hour segments, study the volume, the momentum, how it trades on the DOM, study the price action over a period of let's say 30 trading days, there definitely are different players. Some of those players include algos/programs. I've studied the 30 yr bond now for a number of years and very often I can predict fairly well what's about to happen just by watching the action on the DOM at a certain time of day.

I use a 15 minute chart with the ZB and ES - typical support/resistance, yesterday's high/low, overnight high/low etc as a reference. Then I use any type of renko chart to EXCLUDE time and just see what's going on intrabar.

One of the best indicators I have found is NinzaTrader's Volume Delta: https://ninza.co/product/volume-delta
Set it up on a simple renko chart which EXCLUDES time, run it on market replay and study the numbers. Make a list of all your trades in the last 30 trading days and run it in market replay to see if the indicator would have been helpful.
I'll upload a jpg of one of my charts in a few minutes as an example - have to start my trading computer.

The volume delta numbers help tell the story. It's a great filter.





This is one of my simple swing systems - 5/5 PT/ST

As you can see, the volume delta filtered the two trades very well.

Of course, I also have the Jigsaw DOM up as well.

Thanks. The only point i was trying to make is i dont think you can be 100% time agnostic, as there can be information differences due to time.

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craigmalm 

I don't use time based, but use 2000 ticks. I am primarily a scalper and this works very well for my purposes.

When I was trading I used to use the 5 minute time frame to take my trades. This was due my personal approach as I did not hold trades over night. I am currently not trading am taking a break.