That's absolutely right, that's the same procedure at my strategy. I open a trade and analyze on larger timeframes (H4 and larger) and then manage the position on H1 and M15.

It's a common problem anyway that most beginners try to trade on very low timeframes, M1 and M5. They will see a lot of a noise, they will make a lot of a false trade, and also will overtrade. You can save a lot of time if you begin trading on larger timeframes, you can trust us.

Yes. Larger time frames help in analyzing the trend. Trend is identified correctly in if you see it through more than 1 timeframe.

They will see a lot of a noise, they will make a lot of a false trade, and also will overtrade. You can save a lot of time if you begin trading on larger timeframes, you can trust us.

Especially in the case of "less volume" things, you need to look at bigger timeframe charts. Because in shorter timeframes you cannot analyze the trend correctly. At the same time bigger timeframes do not always give true information about the trend. Actually bigger timeframe is only relevant when you are trading according to that timeframe. Traders must adjust their timeframe settings according to their trading style.

But I agree with the statement that bigger timeframes give you a better view.

Well, I think 1h timeframe is good for a daytrader. Similarly 24 hour and weekly timeframes are good for long term traders. Different charts mayhelp you in analyzing trends but the important thing is relevancy. It depends on you, what is your average trade time and how you look at these trends and analyze them. I think its good to analyze market by the timeframe which is relevant to you.

Likewise you can do the same by looking at lower timeframes

Obviously you know what this is for. To get more precise entry points

Originally posted by Sasha

Well, I think 1h timeframe is good for a daytrader. Similarly 24 hour and weekly timeframes are good for long term traders. Different charts mayhelp you in analyzing trends but the important thing is relevancy. It depends on you, what is your average trade time and how you look at these trends and analyze them. I think its good to analyze market by the timeframe which is relevant to you.

Yes relevancy is important. But the point is that a bigger timeframe acts as a helping timeframe. It will help a lot in trading. Because shorter timeframes cannot always give true information about a trend.

Originally posted by Sasha

Well, I think 1h timeframe is good for a daytrader. Similarly 24 hour and weekly timeframes are good for long term traders. Different charts mayhelp you in analyzing trends but the important thing is relevancy. It depends on you, what is your average trade time and how you look at these trends and analyze them. I think its good to analyze market by the timeframe which is relevant to you.

 

I have to tell I don't fully agree with you. M5 and M15 would be the proper timeframe for a daytrader, because the open and close all the positions at the same day. Even H4 is okay for a long term (swing) trader I believe.

I have to tell I don't fully agree with you. M5 and M15 would be the proper timeframe for a daytrader, because the open and close all the positions at the same day. Even H4 is okay for a long term (swing) trader I believe.

Yes, in day trading 1hr timeframe is less relevant as compared to M5 and M15. Cannot say about longterm traders. Because it depends on their trade duration. It can be 4hr and can be larger.

Originally posted by Champ

Always take a look at the timeframe larger than the one you have choosen to trade with. It will give you an advantage of reading and analyzing the trend more clearly. For example if you r trading with 5 minute or 15 minute charts, take a look at 1 hour charts too. Similarly if trading with 1 hour chart, look at daily and weekly charts and analyze movements in price. Sometimes we cannot spot trends in shorter time frames. Choosing a bigger timeframe will solve this issue. Because there are always ups and downs in market.

Always make sure that you know the dominant trend. Only some traders (Scalpers etc) do not need to study large trends. It is because they trade depending on the current market situation i.e shorter timeframes.

iam agree with your all points but not with one bcs scalper i mean the pro scalpers that make some handsome money from the scalping dont trend or enter in the trade with opposite to the main trend of the pair.

Different traders have different trading styles and they use different indicators and choose their time frames based on the same and although it is better to use indicators on higher time frames as they give better and positive signals and a trader can perform better trades by considering them .