Question
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Which time frame is better for prediction ?
2 Answers
<p>Once the underlying trend is defined, traders can use their preferred time frame to define the intermediate trend and a faster time frame to define the short-term trend.</p><p>A swing trader, who focuses on daily charts for decisions, could use weekly charts to define the primary trend and 60-minute charts to define the short-term trend.</p><p>A day trader could trade off of 15-minute charts, use 60-minute charts to define the primary trend and a five-minute chart (or even a tick chart) to define the short-term trend.</p><p>A long-term position trader could focus on weekly charts while using monthly charts to …</p>
2 Views
<p>Simple and effective. I would use a strategy in the direction of the trend from one time frame higher. For example, if I am trading on the 4HR, then I would use the Daily as my directional reference point. If I am trading on the 1HR, then I would use the 4HR as my directional reference point. However, there would be times when I would go against the trend, but only under special circumstances.</p>
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