Which chart is more useful to trade?

[Anand]

I am used 5 min,15 min and hourley chart for trading.5 mi chart gives you short term direction and trade for 5 to 7 minutes for scalping strategy.when you think long term then use big stoploss and big profit system for hourly chart.

[nikam]

i m using 1 hour trade chart.
because 1 hour chart se hour to hour trade pata chal jata hai samjna bhi easy hota hai k last hour main kya hul-chul hui thi.
so i love to watch and study this chart.

[jadhav]

the chart that is more useful is depend on the type of trader, for a scalper trader, smaller chart is better for them. but for swing traders they use bigger time frames, and it is better for them.

[jadhav]

It all depends on your trading style and method that you decide to
use. If we used short-term
trading, scalping,
the most useful chart are 5M,
15M and 30M Time Frame but if
it is swing trading it is
better to use 1H, 4H and 1D Time
Frame chart.

[jadhav]

Yes, I agree with you. I think Day chart is more useful in forex trade. 1H or 4H are also very important and useful charts. I trade with these charts as I can clearly determine what my next step should be in forex with them.

[furiya]

daily when combined with TF TF M5, I think not quite right.
because the difference is very far away. for example, we follow the trend up in the daily tf, tf small but the trend is down.
Which trend will you follow?

[nikam]

5M and 15M TF TF TF is very small for me.
how many pips you are targeting with TF like that?

[furiya]

yup,usually beginners are impatient to get profit.
so in order to quickly get a profit, better playing in a small TF.

[furiya]

whether you look at monthly charts?
I notice it indirectly, by looking at the restriction of movement through the MA MTF.

[furiya]

indeed combine will increasingly expand our opportunities to get more profit.
but in my opinion, would make us confused. when we see the trend in large tf, will be influenced by small tf.