Determining Timeframe For Entry

MagicBoll

Recruit
Messages
2
That is quite a disputable question. I feel that it makes sense to use the timeframe that you usually use in your trading and also to look at a lower timeframe and a bigger one. For example, if you trade on H!, you should also analyse H4 in order to have a clear-cut idea of the global trend and M30 in order to find the entry/exit points.
 

Gromvelt

Private, 1st Class
Messages
49
Speaking of timeframes, It is better to use several at a time in order to have a clear-cut idea of the total market situation. I, for one, use three at a time. Being a long-term trader, I usually use 1H as the main timeframe, H4 for determining the global trends and M30 for determining the entry/exis points. I am really satisfied with such an approach of mine because it helps me make my market analysis more precise, so that I can make more profits out of trading.
 

sebking1986

Recruit
Messages
369
Depends on your strategy and also how you read the markets. I personally think that the same points of interest occur on all time frames so I use the one that helps me get the entry I want.
 

Marceloguedes

Private, 1st Class
Messages
46
I usually go for either 1H/4H to create my entry, sometime checking on longer time frame might help, but using an indicators are some of the finest ideas to begin with.
 
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