If you're looking onto the charts, you will realize the chart analysis on each time intervals can be varies. The case where 10 mins interval indicators indicate where it's on reversal patterns, but day or months interval can show possible continual up or downtrend is happening. Different choices of time interval visualization may suit for different trading methods where the experimental journey of trying each of the intervals map with different markets can be fun to build the confidence level of using certain time frames for particular markets. Also, different analysis strategy combinations may favor certain time frames. Mainly we're seeing different intervals as 1M, 1W, 1d, 4h, 3h, 2h, 1h, 30m, 15m, 10m, 5m, 3m, 2m, 1m, 1s.
Did a little research on how traders usually pick the time intervals.
The different timeframes traders can be categorized as below :
1) Day trader
- Hold trades within a day, generally trades within minutes- hours. Tried to hold cash when market close.
2) Swing Trader
- Hold trades at least a day, range from a day to a month.
3) Position Trader
- Hold trades at longer terms , more than a month.
Logically if we analyze from candlesticks bar charts for example, several minutes time frames bar will built up to hour in sum (e.g 6 times 10 minutes bar is an hour). Hence personally estimates the target change for the indicators signals on that particular time frames results to at least 10-15 bars. For instance, use 5 minutes bar results for 75 minutes change, 1hr bar results to 10hr change, etc. Also a lower time frames chart can be more accurate on immediate based but also generate more noises for those who wish for long term.
Multiple time frames can be used to determine or confirm better exit points. The recommended way is to use at least one interval range lower that the main time-frames interval that you're currently use to determine the entry or exit points. For instance, 1d chart referenced with 1hr chart, 30 mins chart referenced with 10 mins charts , so and so forth.
** Thanks for reading.
Did a little research on how traders usually pick the time intervals.
The different timeframes traders can be categorized as below :
1) Day trader
- Hold trades within a day, generally trades within minutes- hours. Tried to hold cash when market close.
2) Swing Trader
- Hold trades at least a day, range from a day to a month.
3) Position Trader
- Hold trades at longer terms , more than a month.
Logically if we analyze from candlesticks bar charts for example, several minutes time frames bar will built up to hour in sum (e.g 6 times 10 minutes bar is an hour). Hence personally estimates the target change for the indicators signals on that particular time frames results to at least 10-15 bars. For instance, use 5 minutes bar results for 75 minutes change, 1hr bar results to 10hr change, etc. Also a lower time frames chart can be more accurate on immediate based but also generate more noises for those who wish for long term.
Multiple time frames can be used to determine or confirm better exit points. The recommended way is to use at least one interval range lower that the main time-frames interval that you're currently use to determine the entry or exit points. For instance, 1d chart referenced with 1hr chart, 30 mins chart referenced with 10 mins charts , so and so forth.
** Thanks for reading.
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