5mins,15mins or 60mins

#2
For day trading which time frame comparatively provides better result--5mins,15mins or 60mins data?
In my experience 3 min or 5 min max.Above that is too long a time frame for daytrading.

Best Wishes,Trade Well !!!

Smart trade
 

mmca2006

Active Member
#3
Thanks for your suggestion, if i use 3/5 mins , i may have to go for too many trades , but I prefer fewer trades with trailing stop loss . now if I use 3/5 mins as my base time with 15mins bar as trend confirming period, will it work?
Seekking your valuable guidance .
 

columbus

Well-Known Member
#4
In my experience 3 min or 5 min max.Above that is too long a time frame for daytrading.

Best Wishes,Trade Well !!!

Smart trade
To be frank I think even 1min is too long.I stick to 30 sec chart, of course in between I take breaks.
 

columbus

Well-Known Member
#6
The brokerage you pay matters a lot!!! :D
rk,

I am not talking about the time between trade to trade but the minimum amount of time required to have ,atleast one sample of data point.
 

Laksh

Active Member
#8
For day trading which time frame comparatively provides better result--5mins,15mins or 60mins data?
Selection of time frame is a function of your trading style, strategy and personality. I don't think it can be answered in one sentence or even in one paragraph. Nor can you copy any one else's style blindly. Ultimately you have to come to it by trial and error.

Laksh
 
H

hanumanji

Guest
#9
For day trading which time frame comparatively provides better result--5mins,15mins or 60mins data?
I have no idea, but my friend uses microseconds charts:). Ofcourse u have to have a good trading system for that.:p
 

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