What time frame do you get your signals/entries from?

[4xfool]

I'm curious about what other people use for different timeframes in getting their signals and entries. Are more people using the 15 minute chart or the hour chart...etc.

[psytrader]

How do you start a poll?

[4xfool]

Just start a new thread and then theres a box to check to start a poll. Its pretty straightforward.

Thanks to all those who have participated already!

[elmagd2000]

4xfool, I suggest adding "multiple" to poll choices. I vote for multiple.
Thanks, Hani

[4xfool]

Originally Posted by elmagd2000

4xfool, I suggest adding "multiple" to poll choices. I vote for multiple.
Thanks, Hani

I tried but cant seem to do it. I guess once the poll is posted, its closed as to the options. Do you use two or more timeframes? I'm curious. Thanks

[ianp]

I tend to use 5 & 15 for entry.

Ian

[angie]

I think this is a good question. To me the most important determinant of timeframe for trading is money management. The longer the timeframe, the bigger the stop you'll need so the larger the risk. Consequently, you'll be seeking a higher profit on higher timeframes. But here's the catch: you'll be trading a smaller position.

Lets take an example:

Let's say I trade on a 5min chart, stop 30 pips. My risk is $300 per standard 100k contract. And let's say I trade on a 30min chart with a stop of 60 pips, then risk is $600 per contract. If you are position sizing according to risk as a percentage of total equity, then you can only trade half the amount of contracts on the higher timeframe.

If your target in pips is double that of the lower timeframe then you're achieving the same thing. So then it will depend on your style of trading, strategy, screen access, etc. But you need to make sure that you'll have an equivalent number of entries for them to balance out. What I mean by that is, if you have four 5min entries per day, versus only one 30min, then your 5min strategy will be better, asssuming same risks as above, and all others things being equal (win ratio's etc).


Angie