Quote from: Natalim on July 13, 2023, 01:44:57 PM

Quote from: pawanjain on July 12, 2023, 04:09:48 PM

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Quote from: pawanjain on June 29, 2023, 02:35:27 PM

As for the timeframes, I mostly stick to 3 timeframes 1D, 1H and 15m which are ideal for me right now.

I must say that this is a very good combination. If one would want to use very large time frames like 1Y, 1M and even 1W, there are other sets of timeframes that work best with them, and the same thing goes for the combining in which the highest timeframe is 1D like yours.

In 3 combinations, I love settings like (1Y, 1M and 1W), (1W, 1D and 4H) and (1D, 1H and 15m) which is yours.

Did you just say 1Y. That must be really huge. I have never went past 1M which I rarely read.
For me it has mostly been 1W for the highest time frame and it gives me enough data to analyze the trend.
What do you generally read when you are looking at 1M and 1Y ?

I've preferred to use a short time frame 1H, 1D, 1 week.

This is a very good combo also so long as you know how you use it accurately. And if I were you, the 1H would be primarily for my defence to know where earliest to place a reasonable stop loss. Aside from that, it doesn't connect well in my understanding for omitting 4H for 1H despite considering 1W and 1D.

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Quote from: Kimonoe on July 13, 2023, 03:40:27 PM

In my opinion, daily trading is more inclined to small time frames, and larger time frames are used as a reference for analyzing longer markets. I usually watch the trend from the larger time frame and place transactions on the smaller time frame. the smaller the time frame used, the more support and resistance areas will be visible, and we can use it to trade with faster market reactions in the visible support and resistance areas. if we analyze on a large time frame, the price reaction will take longer, even though our goal is for short-term, or daily trading

Trading in the bull and bear seasons can become difficult; we simply require to comprehend the market's concepts and price action; this will at the very least facilitate our trading journey. We are acquainted with trading strategies, alongside the support and resistance zone becomes obvious with these smaller views and advantageous trading intervals. I prefer shorter time frames because I am an experienced scalper in the market; trading daily will result in more stress. Despite bigger time frames, we can see the chart perfectly, and the market is turbulent at all times.

You have to use different time frame, different indicators to know when to buy and sell and see your current position, there’s no wrong on doing this and you can become more effective trader if you have this trading strategy since the market can’t be ok in just one time frame or indicator, expect for a trader to use multiple strategy. This is trading and you are looking for the best combination, day trader are often looks at a shorter time frame.

These time frames are available because they are very helpful when doing analysis. I indeed use short and long time frames just to picture what really happens on this particular project as we can't just rely on what happened today or this week but also, we consider what happened several months ago. Yes, the use of multiple timeframes makes us clearly understand their situation and it was easy for us to decide whether we have to buy this or not based on their previous performances.

I must say you understand this scope very well, using the different time frames helps better in understanding the true sentiment of the market at that time. Not like what a single timeframe might be doing. For example, what 1H tells you might not be the true sentiment of the market at the time, it might only be a mere correction, and this often makes traders lose easily. And those who are smart to use multiple timeframes would detect this and wait until the 1H would align back to the trend before they pull the trigger.