Timeframes: which one to use?
Same market, different stories
One minute, one hour or daily? The same market tells different stories.
Timeframes
- M1-M15: scalping, minutes
- H1-H4: intraday, hours to days
- D1: swing, days to weeks
Small timeframes are for scalping. One hour and four hour for intraday trades. Daily for swing trades.
The pro way
- Big timeframe: direction
- Small timeframe: entry
- Trade with the big trend
Pros use the big timeframe for direction and a smaller one for the entry.
Gold on the 4-hour chart
Here is gold on the four hour chart: the bigger picture.
Learn it, then trade it with signals.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
Trading involves risk. Lessons are for education, not financial advice.