<h1>Find the Best Time Frame for Trading</h1>
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<h3>#616: Find the Best Time Frame for Trading</h3>
In this video:
00:27 – Traders are confused over which time frame chart to trade.
01:25 – New traders give up.
01:42 – This changed my trading around.
02:43 – More time frame charts now available.
03:00 – What do you prefer and what are the market conditions doing?
03:36 – Look at 5pm and 5am EST.
05:42 – Book a time to chat with us.
06:04 – Blueberry Markets as a Forex Broker.
Do you get confused with not knowing which time frame chart to trade, or when to look at your charts for a new trading opportunity? If that&#8217;s you, listen up. I&#8217;ve got some great solutions for you.
Hey there traders! It&#8217;s Andrew Mitchem here at The Forex Trading Coach with video and podcast number 616.
Traders are confused over which time frame chart to trade.
So today I want to address a common problem that I find that a lot of traders have. And that is they don&#8217;t know what time frame chart to trade. And also they don&#8217;t know when to look at the charts. And there&#8217;s a couple of real easy solutions and answers that I have for you.
See, the issue that a lot of people have is when they start trading, everybody wants to take trades and lots of them because it&#8217;s exciting and it&#8217;s new. And of course, if you go to like a 15-minute chart or a five or even a one-minute chart, you&#8217;re going to see the market moving and you think, “Oh, there are great opportunities here.”
But of course, at that time you&#8217;ve got little idea about spreads. And if you take sell trades and the spread widens a bit in levels, it&#8217;s going to take you out for a loss quite easily. But everybody kind of goes through it and they think they need to trade like five-minute charts and scalp. And it looks really cool and exciting.
New traders give up.
The issue becomes that you soon realize that either the spread’s taking you out and you&#8217;re losing trades all the time, or you&#8217;re getting glued to the charts and you become trigger happy, and then you become nervous and you don&#8217;t know what you&#8217;re doing, and you lose confidence and you give up.
This changed my trading around.
One of the things that changed my trading around some 20 years ago, nearly now, is I went the opposite way after falling for the short time frame trick. I went the opposite way. I went to a daily chart. I took all the indicators and everything off my chart, and I studied the daily charts. I found that the higher time frame charts were more reliable, gave me good information, far less stress, looked at the charts just once a day, news events don&#8217;t really affect them, and it&#8217;s far more enjoyable and far more rewarding.
Your profitable trades are so much better and it just becomes a better thing to do. And when I made my strategy that I still trade today, I did start on daily charts. And then you can go higher time frames to like weekly and monthly. But also I then discovered that I got shorter time frames, you know, I go into like four hours and one-hour charts potentially, but not so much for me. You can trade it.
More time frame charts now available.
Now, of course, more recently we have the ability to trade charts like 12-hour, 8-hour, 6-hour, 3-hour, and 2-hour. And the logic and strategy that I use works across those time frame charts as well.
More time frame charts now available.
So there are a few things to answer your question about what is the best time frame, because it does depend. The answer is — it depends. It depends on you as an individual as well. What type of personality have you got? The other thing it depends on is the market conditions at the time right now. And for example, some weeks we take lots of 6-hour chart trades and other weeks we take lots of 12-hour chart trades.
In other weeks we take lots of 2-hour chart trades. So it does depend on the currency pair or the market you&#8217;re trading and the overall market conditions at that time, because it varies.
Look at 5pm and 5am EST.
So a way to get around that, because otherwise you&#8217;re going to be looking at charts all the time — one of the suggestions I have is that if you have the time availability, you look at your charts once or twice a day.
The two times that I think you&#8217;re going to find some of the better opportunities would be 5 p.m. New York time. That means at the end of the trading day — so the start of the new trading day. And at that time you can look at the daily charts because obviously a daily chart closes and opens straight away into the next day. So you can analyze the closed daily chart and look at trades then.
At that same time, we also go through and analyze and scan 12-hour, 8-hour, and 6-hour charts. And we post trades for our clients on those three time frames plus the daily charts. So that gives you four different time frame charts all by looking at the charts just at one time in the day.
Now you don&#8217;t need to be there at that time because the way that we trade, we use limit orders anyway. So you don&#8217;t need to be there bang on 5 p.m. New York time every day. But you can go and look at those closes. And if you have the available time or ability, depending on where you live in the world, 5 a.m. New York time or after is a very good time as well because that means that the 12-hour charts, the 6-hour, the 4, the 3, the 2-hour, and even down to the 1-hour charts all change over at that exact same time.
And again, it&#8217;s a time that we personally find we get many good trading opportunities. So as an example, obviously there are two 12-hour changeovers in one day — 5 p.m. and 5 a.m. If you wanted to trade 8-hour charts, there are obviously up to three trading opportunities for you within the day. It doesn’t mean to say you’ve got to trade all three of them, but you could have a look at the close of 8-hour charts or 6-hour charts or 4-hour charts.
So have a look at candle closes and you then therefore know when to look at your charts as well. So I would definitely say have a combination of different time frame charts because it does depend on the market conditions at the time.
Look at 5pm and 5am EST.
If you&#8217;d like to book a call with myself or one of the team, we’ve just made available a lot more times for you to book in a call with us. So I&#8217;ll put a link here to our booking calendar where you can book in for an absolute no-pressure, no-obligation, free call with myself or one of the team to discuss your trading and see if we can help you.
Blueberry Markets as a Forex Broker.
And if you&#8217;re out there looking for a very good broker that offers all those different time frame charts and multiple markets, especially on the MT5 platform, I&#8217;ll put a link here. The Blueberry Markets — absolute top-notch customer service, great people to deal with, great charts, great spreads. Blueberry Markets — have a look at them if you&#8217;re out there looking for a good forex broker as well.
So that&#8217;s it for this week. This is Andrew Mitchem here at The Forex Trading Coach. I&#8217;ll see you this time next week. Bye for now.
<h2>Episode Title: #616: Find the Best Time Frame for Trading</h2>
<h4 style="text-align: center;"><a style="color: #008000; text-decoration: underline;" href="https://www.blueberrymarkets.net/lp/tftc-forex-broker" target="_blank" rel="noopener">Find out more about Blueberry Markets – Click Here</a></h4>
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<h4 style="text-align: center;"><a style="color: #008000; text-decoration: underline;" href="https://theforextradingcoach.com/call-application" target="_blank" rel="noopener">Book a Call with Andrew or one of his team now</a></h4>
<h4 style="text-align: center;"><a style="color: #008000; text-decoration: underline;" href="https://theforextradingcoach.com/forex-training-masterclass/" target="_blank" rel="noopener">Click Here to Attend my Free Masterclass</a></h4>

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