Using Indicators On Different Time Frames

[Stock.Jock 10]

I've read advice that a trader should examine multiple time frames when evaluating an equity and when it is best to buy or sell it. However, there seems to be a difference with the information that any one indicator will give with different periods in a time frame. For example an indicator show different information in a time frame of 180 days with 4 hour candles verses a time frame of 6 months with 1 day candles. We know that there are 180 days in 6 months; so the time frame is essentially the same and 4 hours is essentially 1/2 of a trading day. Which is best to use?

 

So my question is what is the best way to choose time frames and candle intervals to do swing trading?

[sevensa 10]

I've read advice that a trader should examine multiple time frames when evaluating an equity and when it is best to buy or sell it. However, there seems to be a difference with the information that any one indicator will give with different periods in a time frame. For example an indicator show different information in a time frame of 180 days with 4 hour candles verses a time frame of 6 months with 1 day candles. We know that there are 180 days in 6 months; so the time frame is essentially the same and 4 hours is essentially 1/2 of a trading day. Which is best to use?

 

So my question is what is the best way to choose time frames and candle intervals to do swing trading?

 

There is no best way. That is why trading is so hard. If there was a best way, everyone would be doing it. The only way to find what is working for you is to look at different charts and different intervals for many, many hours until you find something that you are comfortable with.

[brownsfan019 17]

Sevensa is right on. There is no magical formula that will work all the time. I takes hours, days, months, years to put the puzzle together.