Timeframe Selection 15min

[rohitapps47]

Hello guies i want to know that 15min time frame is suitable for forex trading? does anybody trade in only15min chart?
i know their are lot of traders who trade in 4hr and daily chart but i think 15min is good for scalping and exit points.

 

[bradiae]

Any time frame is suitable to the traders who plan
Example
I trade a 1m chart with my entry and exit I would base that off the 1m chart looking at each 1m Candle finding the channel support and resistance levels then I would execute a plan of entry then management of my trade and then the exit
If I traded a 15m it would be the same but I would look to holding the trade for a longer period of time, this is why a good majority of trader trade higher time frames as having the focus, discipline and quick thinking for every 1m candle

 

[Daantje Pieters]

If you have a trading plan, there is no problem with the time frame you work with. However, in 15 minutes its chart is much better for scalping. The context works much better. However, you can be scalping the chart in 15 minutes by keeping an eye on the daily time frame. If you do not pay attention to the context, your account may be at risk. And refrain from overtrading. You have to trade by managing discipline all the time.

 

[litepak]

I personally use 3 timeframes - H1, M15 and M5....

 

[Jozz]

If you have a trading plan, there is no problem with the time frame you work with. However, in 15 minutes its chart is much better for scalping. The context works much better. However, you can be scalping the chart in 15 minutes by keeping an eye on the daily time frame. If you do not pay attention to the context, your account may be at risk. And refrain from overtrading. You have to trade by managing discipline all the time.

Yes youre 100% correct

 

[Fin_Trader]

It depends on what method you use to trade. If trading is carried out by scalping or intraday, then such time frames are not at all bad for searching for entry points into the market and determining intraday levels. But I always look at higher timeframes to determine the direction of the trend, since entry points into the market in the direction of the trend always give greater profit.