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Thread: Best Time Frame for Trading

  1. #1
    Moderator cool user Dangerous's Avatar
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    Default Best Time Frame for Trading

    Best Time Frame for Trading

    Traders employ differing time frames to assume in the forex market. The two multiple common are long- and short-term-time frames which transmit through to trend and begin charts. Trend graphs refer to longer-term time frame charts that help traders in recognizing the trend, whilst motivationchart choice out potential trade entry points. We will examine these forex trading time frames in-depth, whilst delivering tips on which can competently serve your trading goals.

    Chosing the best time Frame

    As mentioned above, the best time frame to trade forex will vary relying on the trading strategy you use to meet your detailed goals. The table below recaps variable forex time frames operated by different traders for trend label and trade entries, which are scoured in more depth below:

    CHART DAY TRADING SWING TRADING POSITION TRADING
    TREND CHART 30 minutes - 4 hours Daily Weekly
    TRIGGER CHART 5 - 60 minutes 2 - 4 hours Daily


    MAIN FOREX TRADING TIME FRAMES
    Traders operate additional strategies which will decide the time frame used. For example, a day trader will hold trades for a extremely shorter duration than that of a swing trader.

    1) Position trading time frames

    The position trading time frame contrasts for different trading techniques as rephrased in the table above. This could fluctuate from daily to yearly under the ‘long-term’ definition.

    Numerous new traders tend to bypass this guideline because it means long periods of time before trades are learned. However, by many accounts, trading with a shorter-term (day trading) approach can be far more troublesome to conduct successfully, and it usually takes traders much longer to develop their strategy.



    Position trading (longer-term) approaches can look to the monthly chart for grading trends, and the weekly chart for potential entry points.

    Position trading example

    After the trend has been decided on the monthly chart (lower highs and lower lows), traders can look to enter positions on the weekly chart in various ways. Considerable traders look to use price action (as seen in the weekly chart below) for deciding trends and/or entering positions, but indicators can absolutely be employed here as well.

    Last edited by Resolve; 09-21-2022 at 01:31 PM.
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    fat potatoes (10-05-2022), radex78 (09-21-2022), Resolve (09-21-2022)

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    Default

    The trend line in downtrend can be fake when prices breaches?

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    Quote Originally Posted by fat potatoes View Post
    The trend line in downtrend can be fake when prices breaches?
    Sorry for late reply!

    Where do you referring the down trend because there is no chart in down trend where we can see a trend line.

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    Wojciech (10-25-2022)

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    Default

    Quote Originally Posted by raulsena View Post
    Sorry for late reply!

    Where do you referring the down trend because there is no chart in down trend where we can see a trend line.
    Probably it's about cross over the trend line with 200 SMA ?

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    Quote Originally Posted by Wojciech View Post
    Probably it's about cross over the trend line with 200 SMA ?
    Alone just 200 SMA Or EMA?

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