trading 2-minute charts.

[Capricorn]

More frequent trades with a smaller profit potential would be the main reason. Not my cup of tea.

 

[the tape]

It took me about 6-8 months to move from 1 , 2 , 3 min to 5 min. I am glad i made that move. the lords of day trading play in 5 min, very much mature than 1 or 2 min, keeps its commitments.

 

[columbus]

More frequent trades with a smaller profit potential would be the main reason. Not my cup of tea.

well,studying market with a small time interval and investing with
small time interval are two different things altogether.I think there
is no problem in studying market with small time frames.But coming
to investing ,perhaps ONE to FIVE complete trades are quite sufficient
to cover complete day's activity,just wait for opportunity.Five complete
trades in a day take away Rs 1000~1500 of your profit.Moreover more
trades means more entry/exits.

For a day like today ,ONE complete trade is enough to cover day's activity.

 

[gacsekar]

The pond and fish analogy looks interesting.
However, I like the V-Share price chart, in Amibroker. I use a combination of 19,999V & 69,999V values. I find these V-Share price chart more responsive for day trading; and help me in catching the trend change. Anyone using the V-Share price chart may share your views. Thanks
gacsekar

 

[Capricorn]

well,studying market with a small time interval and investing with
small time interval are two different things altogether.I think there
is no problem in studying market with small time frames.But coming
to investing ,perhaps ONE to FIVE complete trades are quite sufficient
to cover complete day's activity,just wait for opportunity.Five complete
trades in a day take away Rs 1000~1500 of your profit.Moreover more
trades means more entry/exits.

For a day like today ,ONE complete trade is enough to cover day's activity.

Exactly dear. Well put. Shoot to kill.

 

[NOMINDTR]

Hi Biyasc !

Till now i have tried almost all time frames and i find 5 min charts as the most MEANING FULL ones for intraday trading. the probabilities of identical formations or patterns formed in 5 min ( the results ) are much more higher in 5 min.

For eg: if i see a strong formation such as bullish engulfing in 5 min and in 3 min. i would like to place my bet on 5 min for a very logical reason and that is that most of the traders use 5 min and not 2 and 3 min therefore it gives much more trade confidence when we know that a large number of traders are looking at the same.

Plus if you want to keep another eye on smaller time frame, which in my opinion is gr8, then go for 1 min, used by scalpers.

I agree. 5 min make sense in general..but trading strategy dictates I think

 

[citrus]

I found this video on net and the author of the video feels that tick charts are better than two minute charts.
The title and link of video is: The Best Interval For Day Trading Charts is ZERO Minutes!
Regards.

 

[columbus]

I found this video on net and the author of the video feels that tick charts are better than two minute charts.
The title and link of video is: The Best Interval For Day Trading Charts is ZERO Minutes!
Regards.

Citrus,

Thanks for the link.To start with though I am not a great PIVOTANIAN ,
I like analog signal (tick chart) over digital signal (pivots) but perhaps
the greatest advantages are the data is not voluminous as compared to
tick data and easy to understand.Certainly I take rudiments of Pivot method,
I would like to see tick chart always.


,

 

[anurugsel]

hello frds I am new to this frum

 

[vvvv]

The pond and fish analogy looks interesting.
However, I like the V-Share price chart, in Amibroker. I use a combination of 19,999V & 69,999V values. I find these “V-Share price chart” more responsive for day trading; and help me in catching the trend change. Anyone using the “V-Share price chart” may share your views. Thanks
gacsekar

wht is tht.........pls explain