[shooly76]

will someone please explain the difference... and pros and cons of these 2 time frames?

less noise w a 10 min chart= higher probability trades??

Ive been trading 6E, 6A, CL, GC, and TF on a 3 min chart, and havent been doing well at all. I was trading a 5 min chart, but decided to try a 3, now Im thinking about a 10

any input much appreciated

[Tams]

Originally Posted by shooly76 »

will someone please explain the difference... and pros and cons of these 2 time frames?

less noise w a 10 min chart= higher probability trades??

Ive been trading 6E, 6A, CL, GC, and TF on a 3 min chart, and havent been doing well at all. I was trading a 5 min chart, but decided to try a 3, now Im thinking about a 10

any input much appreciated

I use 5 min on ES and 2 min on YM and 1 min on HSI

[Do Or Die]

Originally Posted by shooly76 »

less noise w a 10 min chart= higher probability trades??

One man's noise is another man's information.

The problem is with your strategy. Selecting the right TF is only part of the strategy. Re-work your strategy from scratch, and it should become clear which TF you need to focus.

[brownsfan019]

Chart increment settings are very important as it's amazing how the exact same market can look different through different views. And there's plenty to choose from:

Minute charts
Sub-minute charts
Volume based charts
Tick based charts
Momentum based charts

And even more than that.

You have to find what works for you. If you want to smooth out the noise, look at charts not based on time and see how they look for you. For example, in a fast moving market, tick or volume charts will be very active - and not so active when it's slower. I find it easier to make money when things are really moving, so non-time based charts help there.

[Tradewinds]

Originally Posted by Do Or Die »

One man's noise is another man's information.

You got that right. It's all information. It's about how the information is processed and interpreted. And whether the information has any correlation to price or not.

[Tradewinds]

Originally Posted by shooly76 »

will someone please explain the difference... and pros and cons of these 2 time frames?

less noise w a 10 min chart= higher probability trades??

Ive been trading 6E, 6A, CL, GC, and TF on a 3 min chart, and havent been doing well at all. I was trading a 5 min chart, but decided to try a 3, now Im thinking about a 10

any input much appreciated

Noise implies that something is not very useful and it can't be understood.

How fast are you able to make a decision and act on it? The faster you are able to make a decision and act, the shorter the time frame you can trade. It's all relative. What you might be experiencing on the shorter time frame, is loosing track of what is really going on with the trend by focusing to narrowly on what the price bar is doing in the short term. You can get "hypnotized" by the price moves and stop paying attention to what you really need to focus on.

I'd like to make a distinction between "noise" and speed. To me, noise is something that is distracting, you can't make any sense out of it, and it's confusing. So back to my point about how fast you can make a decision. If the price is moving very fast, and the speed somehow causes you take your focus away from what the trend is really doing, then it's "noise". What is "noise" to you, might be opportunity for someone else. Price does exactly the same thing whether you are looking at a 10 minute chart or a 1 minute chart. The issue is about how you perceive, process and act on the information. That's a personal evaluation you must make about yourself. To me, that's part of the issue.

To DoOrDie's point about your strategy; if your strategy is not good, then it's all noise.

[Tams]

the market has no noise.
every bit of information is gold.

[r4bb1t]

i recommend 5m rather than 3m. because 5 is divisor of 10.
if you research intraday volume trend you'll realized that automated orders tends to be executed at X0min 00 secs
i don't know who it is. probably institutional trader's machines and individual system traders as well.
however it could be a bit different in your market. so research first.