Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I've watched and read all sorts and I don't think you will get a meaningful answer to this question. I have seen the 5 and 30 minute time frames used a lot for reference but after that there it seems that there are lots of people who use all of the time frames.
Personally, I think it is all about price action. I use a number of charts to get a sense of what is happening but ultimately just watch the price and wait for it to do what I want.
I have some trading buddies who trade based upon candlesticks closing in certain time frames. I think they miss trades as a result. Also, since the start and end of any given candlestick is arbitrary I don't think it matters.
Finally, you may hear opinions that if enough people are trading a given time frame then watching them might help. If you watch volumes and trading patterns on a number of charts (1, 5, 15, 30 minutes) you may see something that works for you, which in the end is what it's all about.
Find something that is comfortable for you and log thousands of hours of screen time with it
to see how Price Action behaves around your chosen time frames and support and resistance.
How about the fancy candle types such as renko hybrid , trend channel, betterenko, rangenogap or wicked linebreak to name a few? Any preference? I mostly trade ES, CL and 6E
Renko is real good at letting you see congestion and s/r very easily. I like using those in conjunction with other charts but it really is your preference.
