Which timeframe do you use for day trading?

[crwth]

I want to take your word for it and I've bookmarked that site. I will peruse it, surely. It will really interest me and an advantage too if that bot can also be used on Forex and Binary platforms.

Yeah of course. That's a great way to examine an investment. If you have any questions about it, you can PM me for that. It is an advantage if you really know what you are going to do. As for Forex, it's in the works but not yet for release. Binary Platforms, I'm not so sure yet on what is planned.

[xSkylarx]

Before I start taking any new trades, I first do an analysis of the shorts and then take there is a time frame of 15-20 minutes for day trading. I think New trade is very positive during this period. It is better to take new trade by own research.

Depends on the strategy, but lower timeframes were a lot of false signals in my strategy, so first I'm going to check the higher timeframe for the trend, whether it's bearish or bullish, and then I'll check the lower timeframe to see where my possible entry points are. To be more successful in trading, I would say ride the trend or follow the trend because there is a high probability that you will win in your trade.

[RokokGudangGaram]

I mostly use 1 hour to 4 hour time frame seems more accurate than in micro timeframes but I use that when I do swing trades but if I'm doing a day trading I usually looked into smaller timeframe 5 mins to 1 hour maximum but some people do actually good at 1 minute timeframe or lower but I don't understand that because you can see the behavior of the market in bigger time frames.

[Yamifoud]

Before I start taking any new trades, I first do an analysis of the shorts and then take there is a time frame of 15-20 minutes for day trading. I think New trade is very positive during this period. It is better to take new trade by own research.

Depends on the strategy, but lower timeframes were a lot of false signals in my strategy, so first I'm going to check the higher timeframe for the trend, whether it's bearish or bullish, and then I'll check the lower timeframe to see where my possible entry points are. To be more successful in trading, I would say ride the trend or follow the trend because there is a high probability that you will win in your trade.

Honestly, I check all the timeframes available for further analysis and the most reliable TA to be made. Having them check won't consume much time, isn't it? We wanted to make everything will have our favor and so we do things that might help us. So, why not do it if this will gives a good result? Perhaps, most of the success stories of some traders spend more time on the market, and they gather all the possible basis for a better TA. Well, we know it was 100% sure but at least we are making it near to possibility by doing these simple taks.

[smartaction]

I’ve been working on a trading bot for the better part of six months. It uses a five min timeframe to make decisions. Do most intra-day traders use such a short time frame as well? Has anyone had any luck with a custom timeframe like 7 mins?

I also working for short trading. But i am trading manually and my timeframe is max 12 hours for spot trading and 30 min for future trading .  I make my decision within that timeframe. Whatever the loss and gain according to the situation, I then sell it up And prepare for the next trading

[bubidan.id]

I've also used trading bots to make trades. According to my experience, the average trading bot applies a time frame of 5 minutes to 1 hour for intra day. Actually the time frame is flexible, the most important thing is what program the bot has to execute/entry with maximum accuracy.

[teosanru]

I’ve been working on a trading bot for the better part of six months. It uses a five min timeframe to make decisions. Do most intra-day traders use such a short time frame as well? Has anyone had any luck with a custom timeframe like 7 mins?

I have rarely seen any person using time frame of 7 mins or any unusual time frame, the concept of using a time frame which is used by a lot of people is that you are seeing what a lot of people are seeing which means if there is a breakout and a lot of people see that breakout and buy you can be part of that crowd as well, it just about getting other confirmation using signals to ensure that it is actually a breakout, on a 7 min chart you would see a breakout which nobody else is seeing or buying so I am not very sure whether it will be profitable or not.

[so98nn]

Cool many of them are able to day trade in as small window as 1 min!! That’s too tiny but I assume that’s for the highly volatile coins only. Because I see no point in trading let’s bitcoin on one minute scale. It won’t be moving that much and entry and exit would be way way smaller window. How much margin that could get us, may be nothing. I have done this on casino actually. I think it’s, duelbit where they have this section of trading live. They have very small windows like this but always loose money. Not sure it’s for me.

[Mahanton]

Cool many of them are able to day trade in as small window as 1 min!! That’s too tiny but I assume that’s for the highly volatile coins only. Because I see no point in trading let’s bitcoin on one minute scale. It won’t be moving that much and entry and exit would be way way smaller window. How much margin that could get us, may be nothing. I have done this on casino actually. I think it’s, duelbit where they have this section of trading live. They have very small windows like this but always loose money. Not sure it’s for me.

The shorter the duration the more harder it is which we know that scalping,daytrade is something that cant really handled out by anybody specially if you are just new into trading.
Even myself do really have a hard time on doing this one even i do have that sufficient experience.I do never intent to touch up this one since it could really be putting you
up on big trouble but if you could bare up with the volatility in a short duration then go ahead but if not then better stick with swing or trend trades because
that would surely give some confidence.

[AlphaDayTrader]

I use 30minute and 3 hour for day trading.
I develop a trading robot on tradingview, and it has highest profit on this timeframe.

[sklopan]

Most of the time it depends on market conditions. It should be understood that the market often requires different working conditions, different approaches and strategies. You need to be ready for this.

[palle11]

My disposition is towards swings/position trading but on a few occasions that I do day trading I rely on 1hr TF as compass and 15mins for its entry. It helps me sieve market noise which the lesser TFs won't be able to trap. Technically, I think those who rely on 5mins and 1min are more of scalpers than day traders.

I also have this view about trading. Lesser time frame is usually situation that scalpers use in their trading and that is mostly times not up to an 1 hour. Although every trading strategy is good depending on the success rate and sticking to it is better than to be confused. If a scalper try to use the time frame for swing which is long time, they are likely to fail in such trade and likewise the reverse.

[Leebabe]

I must say that the timeframe you're using is a short one though. I usually use 45mins to an hour, sometimes 15 to 30mins so it depends on the coins sometimes but if your timeframe is working for you then go on with it even though that's more of scalping .

[sklopan]

I usually try to use for a short period of time. This seems to me to be the safer option.

[el kaka22]

You have to realize that, the best time to trade is your own time and nothing more. Since crypto is a 7/24 thing, you could find any timeframe in the day where you could make a profit. I have to say when it is "daytime" for Europe, it is still getting a bit of an action, but do people in the USA trade it a lot? sure they do, or Asia? Sure, they do.

This is a proof that we are in a situation where things are not really that much of a trouble for anyone and you could trade during any time frame. But, you need to pick one where you are awake and also not tired or sleepy, so it can't be very early morning when you wake up, or very late at night where you need to sleep.

[Oshosondy]

If you are a trader, you can buy or sell, you can open or close position which can either be long or short. Crypto market is opened all through the day, you can trade at anytime of the day, you will just need to find a perfect time for yourself to use for trading. You should not be addicted to trading, you can use low leverage or use no leverage and set your take profit appropriately and not be greedy.

[rby]

If you are a trader, you can buy or sell, you can open or close position which can either be long or short. Crypto market is opened all through the day, you can trade at anytime of the day, you will just need to find a perfect time for yourself to use for trading. You should not be addicted to trading, you can use low leverage or use no leverage and set your take profit appropriately and not be greedy.

Op is saying about using bots. Trading bots usually takes decision from the lower time frame. The algorithm to take decision from higher time frame will be complicated and at times it can misunderstand the market. That is why it is important that bots take decision from lower time frame which can be so bad sometimes. That is why we also do not need to depend on automation 100% on the bots, we can manually manipulate the bot to work in our favour and according to the present market condition.

[South Park]

You have to realize that, the best time to trade is your own time and nothing more. Since crypto is a 7/24 thing, you could find any timeframe in the day where you could make a profit. I have to say when it is "daytime" for Europe, it is still getting a bit of an action, but do people in the USA trade it a lot? sure they do, or Asia? Sure, they do.

This is a proof that we are in a situation where things are not really that much of a trouble for anyone and you could trade during any time frame. But, you need to pick one where you are awake and also not tired or sleepy, so it can't be very early morning when you wake up, or very late at night where you need to sleep.

To this I will add the OP seemed interested in custom timeframes, but personally I do not see a reason why using a custom timeframe will bring more profits than the most common ones, while I can understand the desire to get an edge whenever possible at the same time a custom timeframe guarantees nothing, after all even if you could find a custom timeframe in which your strategy performed at its peak there is no reason to believe such a custom timeframe will keep on giving better profits in the future.

[rozak]

Op is saying about using bots. Trading bots usually takes decision from the lower time frame. The algorithm to take decision from higher time frame will be complicated and at times it can misunderstand the market. That is why it is important that bots take decision from lower time frame which can be so bad sometimes. That is why we also do not need to depend on automation 100% on the bots, we can manually manipulate the bot to work in our favour and according to the present market condition.

for those who can set up bots on their own, I think it's okay to use trading bots. but I'm sure some people who don't understand the real workings of trading bots will only run bots for profit. even though it may not be relevant to current market conditions.
I don't like the use of trading bots. especially those who sell services for trading bots to beginners.

[GreatArkansas]

I usually try to use for a short period of time. This seems to me to be the safer option.

It will always be different, there are some people who are not using or sticking to one timeframe like me.
For me, on day trading, I am using multiple timeframes, like first, I need to identify the market structure so I am using higher time frames like starting from weekly/daily.
Then after that, I will start using a low timeframe, 4hours or 1 hour. And before I enter a trade, I will start looking at very low timeframes, like minutes or seconds.