For Daytrading which time frame suits best?

[pundit]

I have plans for long term but would also be great to earn every day in trading. The indicators signals the different course of action when I'm in the daily chart but shifting to 4hour and 1hour tells something else. How do you read the chart on different time frame accompanied with the indicators you only knew using like the RSI?

There are 3 types of trends, Main trend, Middle trend and Small trend. Main trend referred to higher TF, Middle trend to middle TF and small trend to lower TF. For day trading maximum 1 Hr TF to chose, any TF lower to 1 Hr can be traded. It is very much possible to find different trend on different TFs at the same time. If its uptrend on daily TF, there may be downtrend on 15 minutes or 1 hr TF. Idea is we need to follow the bigger trend. If there is uptrend on Daily TF, we must look for buying opportunities on lower TF. Chances of success are higher for the trades taken in accordance with higher TF, although one can go for counter trend trade but good experience is required for such trades.

[Ararbermas]

Short term is so stressful mate.  Wherein you must have a lot of time for it because market is so volatile without knowing .. Actually doing technical analysis is always the best strategy but i still suggest to obtain more information from some expert before making a move. because you know market is so unpredictable nowadays.

[iMark]

I have plans for long term but would also be great to earn every day in trading. The indicators signals the different course of action when I'm in the daily chart but shifting to 4hour and 1hour tells something else. How do you read the chart on different time frame accompanied with the indicators you only knew using like the RSI?

How often you are doing the chances of profit is also high so you can even go with 30 minutes as well if you are good at analysing the charts.But there is no perfect time or procedure to make 100% profits so we need to create one for ourselves.

Definitely right! Theres no specific time yet it works differently on each trader.Some might be profitable with 5 minutes-15minutes-1hr it does depend on how you do make trades.If you found which do works for you then better stick to it.

Moreover opportunities can come at any time, prices change and move at any time, great traders can always look for opportunities from every moment in the trade. not too important how many hours you have to spend on the market, when is the right time for trading and etc. because the opportunity in the crypto market will always come, there are hundreds of coins that you can use, the most important thing is that you are good at research and analysis that the main thing you should have.

[Yamifoud]

If you are a day trader, every day is a trading day. Day trading is quite hard to manage if we are not a full-time trader, it is very important to always on the track of our trades otherwise we miss something. Every fluctuation is very important in day trading and we need to take it seriously..or lost everything you have..

[dat.ho12492]

If you are a day trader, every day is a trading day. Day trading is quite hard to manage if we are not a full-time trader, it is very important to always on the track of our trades otherwise we miss something. Every fluctuation is very important in day trading and we need to take it seriously..or lost everything you have..

As you said, numbers and events, value changes are very important for trading day, and almost all of these factors belong to random time frames, and so, we don't have a fixed time frame for trading the day, opportunities depend on our perspective and analysis, combined with the information we receive. Many time for these numbers, we will make more profit, less time for it, trading day will turn into disaster for us, so the rule is not to set a fixed time for trading day, fixed will create limited space, affecting the process of analyzing and seeking income

[Oceat]

I have plans for long term but would also be great to earn every day in trading. The indicators signals the different course of action when I'm in the daily chart but shifting to 4hour and 1hour tells something else. How do you read the chart on different time frame accompanied with the indicators you only knew using like the RSI?

How often you are doing the chances of profit is also high so you can even go with 30 minutes as well if you are good at analysing the charts.But there is no perfect time or procedure to make 100% profits so we need to create one for ourselves.

Definitely right! Theres no specific time yet it works differently on each trader.Some might be profitable with 5 minutes-15minutes-1hr it does depend on how you do make trades.If you found which do works for you then better stick to it.

It just depends actually on someone who has a convenient time to trade because trading everyday doesn't mean you will get a profit. There are times too that trader do suffer from losses due to the market's volatility. Sometimes 5 minutes or 15 minutes is still not enough to get the profit that you want since this live market is quite moving and changing a lot.

[Marnihughes82]

I trade daily and depend on many different candles, not necessarily a 1h or 4h frame. I think that to succeed when daily trading requires a lot of experience and how to analyze the market

[mr_random]

I trade daily and depend on many different candles, not necessarily a 1h or 4h frame. I think that to succeed when daily trading requires a lot of experience and how to analyze the market

I don't think you can be successful in day trading if you take out the impact of different timing interval (hours) for granted this is because each candle sticks formation is dependent on each hours you set it to be. I do agree with you that knowledge about trading is required but the said knowledge is about how the candle sticks is form and that depend on the timing interval.

In general, charts are made of time and price. Having a price target is not enough when the trader opens a new limit order. H1 and H4 timeframes are used by day traders and they are usually busy with stop hunting that opens a new liquidity book after a fake breakout. Candlesticks are the easiest form of reading trading patterns and popular traders use Japanese candlesticks in order to get the best performance in the market.