Intraday Timeframes?

[jln]

What time frames should i use for intraday trading?

[CE]

One day ?

[jln]

Yes for one day

[CE]

Was just joking bro....

[jln]

Well i guess i was asking for it

[CE]

I don't believe you can put a time frame to it anyway OMO.

[SimonPB]

depends how aggressive you want to be. Trading on 1 inute tics is hectic, way hectic. Also the longer the time frame the less noisy a chart is (check a monthly chart). In short, no perfect answer, but anythng less then 15 minutes really is way to much noise.

Another idea is the three wave theory (can't remember the author, elder maybe?). This says, start at say daily, when you get the signal drop to hourly charts, when you get same signal drop to 15 minute and when you again get the signal enter the trade. And the 3 time frames can be abnything, as long as they different. Thinkt he book said, weekly, daily and then hourly.

[jln]

How do you trade the waves then?

[jln]

Thx for advice Simon.

[SimonPB]

and top tip. +/-99.9% of intraday traders loose money.

[Tango]

yep. Elder. In "Trading for a Living" and "Come into my Trading Room". Calls it the 3-screen method. Multiply up roughly by about a factor of 5-7 to get appropriate levels to look at. So you could use 10-min, 1hr, and daily charts as your 3 screens (those are the three I would use). Another set could be 1hr, daily, weekly.