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Thread: How vital is the timeframe that you pick for your charts?
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Old 08-30-2007, 09:58 AM
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Re: How vital is the timeframe that you pick for your charts?
Quote:
BlowFish
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Absolutely vital. One of the fundamental bits of the trading plan is instrument to trade and time frame to focus on. (maybe with a higher time frame for context and a lower one to trigger entries).
BF - As much as I've read that comment in books, newsletters, etc. I never had any luck with that. What I mean is, I could have a gorgeous sell on the 30 min chart, but plenty of chances to go long on the 1 minute. What do you do? I just never had much luck with trying to use a higher timeframe for the overall 'feel' of the market and then using a quick timeframe for when to enter. It's probably a function of me using candlestick analysis as well.

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