What is the best chart for day trading?
5, 15, or 30?
1 min seems too short.
each of them give slightly different results and are kinda confusing.
what would you recommend for a beginner.
I am using EMA 13 and 34, MACD, and RSI.
Thanks.
Usually when you are choosing longer time chart, confirmation you will be getting will be more stronger. Usually I do prefer to follow 4 hours chart because it will be giving very significant trend change and you will not get disappointments on small noises. Because, market will always fluctuate and when you are following smaller time frame then you will get misguided by any short-term fluctuations which may be leading into losses.
Other than time frame, you must follow combination of strategies so that you will get double confirmation which is more important than following any fixed time-frame chart.