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⭐General tips on what time frames to use based on your trading strategy;
You should really focus on two primarily- based on time length of trading style/strategy
Scalps - generally you hold for minutes- And you use the one minute with the 5-minute chart as reinforcement
Day trading- You hold for hours give or take- And you focus on the five minute chart with reinforcement from the 15 minute
Swing trade- hold for a few days or weeks- utilizing the one hour chart with backup from the 4-hour chart
And long holds (position trading) you hold for a month or longer- and utilize the daily with backup from the weekly chart...
You should really focus on two primarily- based on time length of trading style/strategy
Scalps - generally you hold for minutes- And you use the one minute with the 5-minute chart as reinforcement
Day trading- You hold for hours give or take- And you focus on the five minute chart with reinforcement from the 15 minute
Swing trade- hold for a few days or weeks- utilizing the one hour chart with backup from the 4-hour chart
And long holds (position trading) you hold for a month or longer- and utilize the daily with backup from the weekly chart...
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