Which Time Frames to Watch While Day Trading? Best Timeframe for Price Action Trading? 💥💸

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Which Time Frames to Watch While Day Trading? Best Timeframe for Price Action Trading? 💥💸

Рет қаралды 32,350

Күн бұрын

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Benefits of Trading from the Hourly Timeframe. What time frame to use when day trading? What is the best timeframe to trade? What timeframe do day traders use? Which timeframe is best for price action trading? Is the 5-minute or hourly timeframe best? Why should we trade from an hourly timeframe? This is mainly for day traders. Trading by looking at the hourly timeframes means less market noise - you have less noise than the 5-minute or 1-minute timeframes. It smooths things a bit and it allows you to check the bigger picture. You can still see the more dominant trends across multiple days. The tails and wicks are still visible and obvious. OK.P+P
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Пікірлер: 67

@ukspreadbetting 3 жыл бұрын

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@erastoshedrack7118 Жыл бұрын

From experience of over 7 years, I can say H1 is a Golden Timeframe. If you can’t see an entry on H1 chart don’t look below it. If you can see an entry you can go to 15Min for precision purposes. The consequences of focusing on Timeframe below H1 is the noise, what the noise does to you 1. So many entry signals which are not reliable leading to many unnecessary losses 2. Impulsiveness, because the charts move faster you will tend to be fast in your entry decisions as well 👇 3. Uncontrolled position sizing, it speaks for itself if you are in a hurry you will be like let me hit it Big I will manage my positions later on (which is a Big lie to yourself 4. Big losses are going to break your heart. Take care.

@dowcrude7425 3 жыл бұрын

Hourly chart has become my favorite chart. They produce the best levels to trade from. But the best feature they help me with is lowering my trading frequency. Over trading is the ultimate killer of accounts and this chart has helped me with that problem. Thanks for video and please keep them coming.... 🙏

@datinderlotay8606 3 жыл бұрын

Thanks for sharing that 👍

@m.dickinson436 3 жыл бұрын

I always use 1 hour chart in my day trading based on my own experience. It works much better for my setups. Good to hear conformation from Mark!

@t-rex4394 3 жыл бұрын

15min can also be used

@cryptogcrypto Жыл бұрын

I think this is a good idea. Many times, I've known where the price will go (on the hourly) but traded on the 5m and 15m and been stopped out by noisy wicks, only for the price to go in the hourly direction that I knew it would go in. I've been too eager to place trades I guess.

@jayti6828 Жыл бұрын

Same thing happened to me. Just like that.

@idraculaa 3 жыл бұрын

I’m lately testing trading on the hourly with Heiken Ashi candles, and I’ve found this to be a very effective way to trade moves.

@rrx754 3 жыл бұрын

4 hour for structure, 2 hour for entry. I'm a swing trader.

@stormtraders 3 жыл бұрын

Daily for direction- hourly for the setup- 1 min for entry. Thank me later

@efanjohnson8207 3 жыл бұрын

Your videos are so helpful it's actually insane the knowledge you've given me in only a few hours for free!

@KingArtexerxes 3 жыл бұрын

I like to view 90 day daily, 5 day hourly, 1 day 3 minute. And trade off the 3 minute with the others in view. If I only trade by hourly, I’m more likely to end up holding overnight and am no longer a day trader subject to overnight sell offs. Been there, done that.

@jayrakmoola8137 3 жыл бұрын

1/5/15/ 4Hr Or go through all of them Some platforms even have it by the second I mean you get the real feel of whatever your looking at I know it’s a lot of noise but I wouldn’t trade any other way . I love the 1/15/4hr I trade crypto just quit stocks but it depends really what your trading .

@stevecoombes2375 Ай бұрын

Great blog. Personally, I prefer the 2-hour Heiken Ashi chart with a 100 sma. Gives a great overall picture of what is going on. A change of colour in the H/A candle gives a great indication a pullback might be over.

@silentblocks3457 3 жыл бұрын

I honestly start from daily, filter out nonse, move to HR, rinse and repeat, and if it makes it all the way down to the 2 min chart, from 1 day,( I use 100 ranges, 1 second ticks all the way hup to daily. & Most often if we get this far with the chart, I'll be likely to place a precision entry that's worth holding a few days, never rolls back at me, almost; & if it does, I cut the loss before it's a loss

@Gamekeeper77 3 жыл бұрын

Excellent content thanks. This is the nudge I need after trading low TFS and pushing like hell to make it work consistently for some time my account balance is up and down like crazy and I'm not making the progress I expect. H1 it is from now👍

@t-rex4394 3 жыл бұрын

15minutes, 30minutes, 1hour, 4 hour and daily timeframe.. Best timeframes to trade forex

@laurenth7187 3 жыл бұрын

I think 4h is the best adapted to the intermediate trend, 10 days or so. It would have avoid me to get stuck in the range, from Jan 25 to the end of the month, also you can see pattern (on Euro) But 1 minute is also more relevant than one think.

@idraculaa 3 жыл бұрын

I’ve been learning a lot from your channel. You’re a great teacher.✨

@Tilldawn7 3 жыл бұрын

Love your channel

@laurenth7187 3 жыл бұрын

Yep, i think even RSI(21) cancels noise, or Soch(34). Bollinger was favoring the 1/2 chart, while LBR said she likes the most 11 bars in a divergence... According to an interview with Lane, the Stochastic Oscillator “does not follow price, it does not follow volume or anything like that. It follows the speed or the momentum of price. As a rule, the momentum changes direction before price.” Anyway there is a lot to watch, and i was watching foremost price cycles, and volume, so well i forgot structure etc. I dunno how i could think i'm "good" in trading... :-( Also if you watch closely, MACD and Stoch give similar signals on m5, so what to do with the MACD... ? ALso i never get the stochastic RSI to show anything useful.. But Ehler likes it because it's so sharp...

@Theleadersofthenewschool 3 жыл бұрын

Great Video. I trade off the 1 hour and 15 min.

@sushantnaik7153 3 жыл бұрын

Thanks you sir i am from India

@danhayai 3 жыл бұрын

This is one of the best channels I've seen for a while. There are a lot of garbage out there.

@absolutebosscollective8202 3 жыл бұрын

I'm go to give this a try tomorrow! I'm always on the 2M, 5M!

@nancyk2801 3 жыл бұрын

Thanks Mark! I love your video :) looking forward to seeing another video of yours tomorrow :) as my notification bell is always on.

@efanjohnson8207 3 жыл бұрын

I've been looking at tick by tick when trying to scalp TSLA. Seems like it was trading in 5 minute cycles so it was really useful for optimising entry.

@d2.024 3 жыл бұрын

The 5 minute chart is the account executioner, remember that.

@t-rex4394 3 жыл бұрын

True.. Only trade at 15min tf or more

@goodnatureification 3 жыл бұрын

I find support and resistance on the hourly, but mostly I’m looking at the 10 minute.

@robertquigley8467 3 жыл бұрын

I use the 1 minute chart for scalping, the 5 minute chart for day trading, the daily chart over four months + 30 minute chart over two weeks to swing trade.

@ashrafshaikh3678 Жыл бұрын

hey thank you so much. Love to your Channel from India.

@BANKOMARS 11 ай бұрын

I trade the 1 hour to save time

@antoniomoreno2117 3 жыл бұрын

Thanks Mark!!

@laurenth7187 3 жыл бұрын

Me again. Sorry. You are so right with the 1h TF, but i don't see anything on my PC screen, so on my smartphone, i understand so much more things ...

@Thenarayanaclips 2 жыл бұрын

Thanks a lot. Bro. 1 hour timeframe is really cool.

@rrc6965 3 жыл бұрын

Great Video as always.

@jasonjason7808 3 жыл бұрын

I'm a swing trader. Which time frame to screen for? Should we refer to the weekly or monthly ATR to set TP level?

@laurenth7187 3 жыл бұрын

I like this quote from AL Brooks : You are entitled to nothing In your heart, you know that this cannot be true, but you hope that it is. You feel entitled to at least a small part of the pie. You want a sign that you are lovable and not insignificant, and that the big boys and girls are going to include you in their game. Is it too much to ask for just a little profit, especially if you are willing to work hard and follow some trading rules that a trading expert said would earn you $1,000 a day? Won’t Wall Street have some sympathy for a beginner and share some crumbs? They might be crumbs to Goldman Sachs, but they are big enough to give you a nice lifestyle. You are being reasonable and are willing to promise to not take too much. You are a good person and are appropriately deferential. Doesn’t Wall Street care, and aren’t the firms willing to go easy on you so that you can make a living, even a meager one? The markets are fair Well, guess what? You are entitled to nothing :-), in : Is there a perfect trade setup when trading online November 15, 2020 By Al Brooks, MD

@ptigglez 3 жыл бұрын

Lad your videos are the shit! Genuinely if I ever feel tilt they calm me down haha thanks! 👊🏻

@yash341 3 жыл бұрын

Love u sir

@Hedgingmastermind 3 жыл бұрын

Different pairs, different timeframes, different uses. Nothing is general in forex unlike cryptos 👍

@JoeRichardRules 3 жыл бұрын

This post is very timely

@TheMityrae 3 жыл бұрын

What is the average time trades take to reach TP on the hourly chart for you guys?

@TheMityrae 3 жыл бұрын

Mine’s within a week with a couple anomalies that take longer

@MrTrentrc 3 жыл бұрын

Me ready for stonk now thanky

@PakFan786 3 жыл бұрын

Can you do video on best setups to look out for..

@ukspreadbetting 3 жыл бұрын

Make a search on the channel for anything you want for kzfaq.infosearch?query=best%20setups

@waalstraater6723 3 жыл бұрын

Why not 65 minute candles? There's a round 10 per day. With 60 minute, the last candle is only 30 mins.

@VicDamoneJr82 3 жыл бұрын

Can’t use it if your trading in the first hour I prefer the 10/15/30

@rajasinghrecords5480 3 жыл бұрын

thank you

@PakFan786 3 жыл бұрын

What is the imporatance of Tail on 1 hr candle?

@rombusworkmoney22 11 ай бұрын

What's noise to one person is a source a lot of money for another.

@marketsqueezer Жыл бұрын

I think it depends of ones personality and strategies. I simply don't want to wait for hours, but I like fast action. This is why I use the 1 minutes timeframe.

@laurenth7187 3 жыл бұрын

If only the algos were trading, they could have finish the day in 15 mn, or less. So we can only trade, because some agents WAIT for others to take decisions...