Trading Timeframes Lesson

Timeframes are determined by the type of trader you want to be, which is determined by your lifestyle.

For people who want to treat trading as investing -positional trading is perfect, by looking only at Monthly and Weekly charts and entering long-term positions.

Swing trading is best for traders who want to

participate more often, but don't have the time to look at charts every day. Looking only once per day on the daily timeframe and entering on the 4H timeframe is the way to go.

Day trading is for traders who want to participate every day. They analyze the 4H for directional bias and enter on timeframes lower than the 1H.

The aim is to get in and out in the same day.

Scalpers are traders who enter multiple positions per day and stay in them for short periods of time.

They build their narrative on timeframes like 4H-1H, get their intraday zones on middle timeframes like 15-30M and enter on lowertimeframes like 1-5M.

What type of trader are you? Which timeframes you are using?

Let me know in the comments?