Are the Lower Time-Frames of Any Use When Trading?
Like most traders I have tried loads of strategies across varying TF’s from 1min to Monthly. In recent times I have been following the LuckScout way of trading the higher time-frames to try an obtain more certainty in my trades. Are the lower TF’s, and in that I mean under 1H, of any use of should we delete them off our platforms? Does anyone trade a strategy that uses them?
I have been using them when I started trading. But I ran away from them after a while:
Vahid, you have done some great articles covering this topic and I think that has what has steered me the most towards the higher timeframes in recent times and has contributed to my more consistently profitable balance sheet
I have use lower time frame to trade, is just a waste of time and money .
Some traders use lower time frames 1h,4h especially day traders.when l started forex trading I would use multi time frames analysis of 1h,4h and daily chart .currently I use luckscout methods of trading.
I normally use the higher TFs but sometimes I’ll pick an odd 4hr trade. The lower TFs are used by day traders and scalpers.
I don’t think it’s advisable to trade on lower time frame. I will have to spend more time on your computer and even with any profit. When I started trading I was a fan of lower time frame because I thought I could make lot of money in short time ; trust me I couldn’t make even one Penny only loses and loses. Then I tried with higher time frames a mean from 1 hour,2hours ,daily to 1 months,i realize that it was more profitable and I don’t need to spend more time on the chart .
It still depends on the technique and strategy used by traders . Some day traders only use daily candlesticks. Some of them only use hourly chart. With strict money management day traders still can make profit .. maybe less compared to big time frame traders .
To trade lower time frame you must have time to sit on your computer and watch the Chart, be proactive to identify the trade setup, have Best understand of the market to grab little profit.
Higher time frames are the king.
Higher time frames like Daily, weekly and monthly are the best.
Some swing traders using the lower time frames to support their trading decisions.
Generally find th timeframe that works for your trading style and strategy. Everyone is different and see’s different things. Also some people want to trade every day and others are happy with once a month.
If you are a novice trader and want to loose your money quickly,please don’t waste your time use lower time frame. You will wipe out you account in few minutes.
NB: don’t even try, otherwise you’ll see the consequences.
The higher time frames is the king. If you don’t want to lose your money, it advise you to always use the higher time frame.start from 4h to one month you can make lot of profit if you are patient.
Lower time frame is good to find good entries.