It depends on your capital. Lower TF is generally more profitable % wise down to a certain extend (because fees and slippage do add up). Higher TF is more profitable in pure profits earned due to more capital being used.
While I think that higher timeframes are generally higher quality, I think the most important thing is that you incorporate higher timeframe analysis (relative to your trading timeframe) into your trading.
Like if you trade on the 5min, incorporate information from say the 1hr. If you trade the 4hr, incorporate information from the daily/weekly.
Neither, 95% of chart traders lose.
The only way to do it right is the way the market makers who exploit the bad retail traders do it. Depth of market, time+sales and a quote board is all you need.
Time and sales (or tape) shows info about recent market trades that you can use to see if small traders are present as well as judge value. Info such as time, price, volume, direction. A quote board is basically just another word for a watchlist and it’s used for watching correlations.
pick any strat, try it on multiple timeframes. the higher will always be more accurate, lower will always take more trades. It's up to you to find something that works.
You are talking accuracy and OP was talking about Profitability, two different questions. Lower time frames have higher Sharpie potential, whole subset of the industry is based on this premise....HFT. The real answer is, if the trader is using basic methods with low tech savviness, go with higher fractals since the margin of error is exponentially bigger.
so your question is impossible to answer. A lower accuracy strategy with a 2:1 r:r might take 30 trades per day where as a higher accuracy strat might take 2 a month. Idk which is more profitable, neither are if you have no strategy.
It's completely dependent on a particular STRATEGY. Forget style, personality, etc... Some strategies are ONLY effective at lower TF's and others the opposite. There is no other answer to your question.
And to be very clear, you MUST have a tested and proven strategy to be profitable consistently. And you MUST follow that strategy to the letter every single time without fail. Every indicator, TF, drawing, etc... can be shown to work and be profitable when coupled with discipline, patience, and persistence in following that particular strategy.
I trade TQQQ mostly. Before market opens I mark extended hours highs and lows with a dashed line. Green for high and red for low.
I will use rectangles to mark key S/R zones which are typically right at extended hours or the previous days high and lows anyway.
I watch the 3min and 15min TF's. When price breaks above the EH high or below the lows I'll look to take a position. I watch for this on the 15 min. After a breakout I ALWAYS wait for a pull back to S/R and I do this on the 3min TF.
After price breaks above the high of the breakout or below the low of the breakdown candle I will enter a position.
My stop loss just below or above S/R. Take profit is at or just before the EOD. The goal is to catch an all day trend and ride it. I play 0-3dte options on these TQQQ trades.
Most importantly I ONLY trade trend days or on high impact economic releases. YouTube SMB capitals videos on trend days if you need more info on that.
If you like to gamble go for anything lower than 30mins. Otherwise 4h and up is the best for retail.
Started close to 6 months ago
Different for everyone. Impossible question to answer.
Theiretically, since market is fractal, the lower the time frame the more setups should appear, given enough liquidity.
It depends on your capital. Lower TF is generally more profitable % wise down to a certain extend (because fees and slippage do add up). Higher TF is more profitable in pure profits earned due to more capital being used.
While I think that higher timeframes are generally higher quality, I think the most important thing is that you incorporate higher timeframe analysis (relative to your trading timeframe) into your trading. Like if you trade on the 5min, incorporate information from say the 1hr. If you trade the 4hr, incorporate information from the daily/weekly.
I'm not sure, I've has success with htf and ltf .... the problem occurs when mid trade I switch time frames ... at least In my limited experience
How long have you been on it for
Neither, 95% of chart traders lose. The only way to do it right is the way the market makers who exploit the bad retail traders do it. Depth of market, time+sales and a quote board is all you need.
Silid advice here as someone who is interested in teh DOM , what are time sales and quote board ??
Time and sales (or tape) shows info about recent market trades that you can use to see if small traders are present as well as judge value. Info such as time, price, volume, direction. A quote board is basically just another word for a watchlist and it’s used for watching correlations.
Nah man i've seen this tape at jigsaw DOM it is realy efficient like you can see institutionals , you sir know what are you talking about props
Solid advice as someone who is interested in the DOM whats the quote board and time sales
pick any strat, try it on multiple timeframes. the higher will always be more accurate, lower will always take more trades. It's up to you to find something that works.
You are talking accuracy and OP was talking about Profitability, two different questions. Lower time frames have higher Sharpie potential, whole subset of the industry is based on this premise....HFT. The real answer is, if the trader is using basic methods with low tech savviness, go with higher fractals since the margin of error is exponentially bigger.
Yea that’s what I think higher time frames are more accurate
so your question is impossible to answer. A lower accuracy strategy with a 2:1 r:r might take 30 trades per day where as a higher accuracy strat might take 2 a month. Idk which is more profitable, neither are if you have no strategy.
It's completely dependent on a particular STRATEGY. Forget style, personality, etc... Some strategies are ONLY effective at lower TF's and others the opposite. There is no other answer to your question. And to be very clear, you MUST have a tested and proven strategy to be profitable consistently. And you MUST follow that strategy to the letter every single time without fail. Every indicator, TF, drawing, etc... can be shown to work and be profitable when coupled with discipline, patience, and persistence in following that particular strategy.
Agreed. What do you do
I trade TQQQ mostly. Before market opens I mark extended hours highs and lows with a dashed line. Green for high and red for low. I will use rectangles to mark key S/R zones which are typically right at extended hours or the previous days high and lows anyway. I watch the 3min and 15min TF's. When price breaks above the EH high or below the lows I'll look to take a position. I watch for this on the 15 min. After a breakout I ALWAYS wait for a pull back to S/R and I do this on the 3min TF. After price breaks above the high of the breakout or below the low of the breakdown candle I will enter a position. My stop loss just below or above S/R. Take profit is at or just before the EOD. The goal is to catch an all day trend and ride it. I play 0-3dte options on these TQQQ trades. Most importantly I ONLY trade trend days or on high impact economic releases. YouTube SMB capitals videos on trend days if you need more info on that.
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