Below are the poll results for "Favorite Chart", which is now closed:
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I really found this poll interesting. I know it couldn't encompass everyone's desired answer, but I was shocked to find the overwhelming majority selected such a small time frame -- 233 tick.
I want to hear from you! Post your comment and let me know why you choose the time frame you did, and what other chart time frames you look at when making your decision. Personally, I tend to trade off a 5 range or 6 range chart, looking to a 5 minute chart for confirmation.
There is a new poll up, please cast your votes! The new poll asks you to select the closest risk/reward ratio that you trade with. For instance, 1:1 ratio means you risk 1 dollar for each dollar you win, say for example a 8 tick stop for an 8 tick target. A 2:1 ratio would mean you risk twice as much (16 tick stop, 8 tick target, for instance). Let me know!
The following user says Thank You to Big Mike for this post:
I usea a 5 or 6 range chart for shor term trading, but I think a 5 minute and a 60 minute chart help provinding a clearer picture of the overall trend....I hate tick charts, very fast for my trading style...ST