Question
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How to make a timeframe strategy?
5 Answers
<p>First, decide your holding period and then pick the time frame as explained in the above paragraph. For ex, if you want to hold your trades in between 1-4 weeks then you need to pick ‘Daily’ time frame as your Trading time frame and look at the last 9 months to 1-year data on a daily time frame.</p>
8 Views
<p>If you are a trend trader, plan your trades only in the direction of the trend in this time frame. If the trend is not clear, you can always move on to the next script. Try to locate good entry points in the lower time frame. For ex, in the above case locate an entry point in ‘Hourly’ time frame based on your system (ex, MA crossover, RSI divergence, trend line breakout or Dow Theory concept etc). However, you can always fix the target in your Trading time frame.</p>
6 Views
<p>Your answer is highly dependent on how long you intend to stay in the trade. Having said this, let’s presume you will use daily charts to “signal” your entry to a trade. We would then use an hourly chart to confirm the signal and perhaps even shorter if you’re very sensitive to trade location (the price at which you enter the trade).</p>
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<p>If you are searching for Intraday time frame, then 15 min and 1 hour time frame is best timeframe for trading. and if you are planning to invest for BTST then daily chart and 4 hourly chart is best time frame .</p>
3 Views
<p><br>You have to choose which timeframes to use by yourself. As for me, I define the current market trend on H4. I use the Price Action method. I also look at H1 and D1, find the key support and resistance levels. Positions are usually opened in the main trend direction. Entry points can be found at the smaller time frames (M5 and M15). These preferences fit my trading strategy, so I am comfortable with them (by the way, I am a day trader). If you are swing trader, you have to choose larger time frames.</p>
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