There is not such a good or bad timeframe.
Like cooking, everything depends on how you use the ingredients for your meals
👍 Earlier entries => winners are bigger
👍 Earlier exits => losers are smaller
👍 You make your goals earlier
👍 With Intraday trading, we're not impacted by contracts expiration, rollover, over-weekend, overnight fees
👍 It's never boring (especially with indices trading)
👍 Leverage isn't needed
👍 Perfect for beginners or small capital
⚠️More in/out entries => you have to enter, exit, enter, exit until the real move happen
But, with a pullback and hard exit combo, the exits aren't too painful compared to the winners
⚠️You have to be more reactive when taking a position or exiting
This is similar to a hit and run strategy in boxing. Make your daily goals and exit the market
The more we stay in front of our charts, the more likely we'll commit mistakes
A small timeframe doesn't mean staying in front of your charts 12 hours a day.
Our subscribers know they can make their goals sometimes in less than 1 hour a day
👍 More time to react and prepare
👍 We don't need to get too accurate with our entries and exits
👍 You're less impacted by news-events-rumors-tweets.
They have a real visible impact on intraday but generally don't change a thing for the swing trend
⚠️ Bigger drawdown by design
⚠️ Forces to hold trades over multiple days/weeks.
In a range, you may pay a lot in funding/rollover fees before the real move happens.
Being -5/-10% on a position in a range stuck
⚠️ Big capital required to afford to lose a few percentages sometimes with those trading fees
⚠️ 1 click takes 5 seconds.
Then you wait and wait and wait and wait, and then look on Twitter for ideas to invalidate your entries.
When your favorite guru shares a contrary setup, you follow his/her call and wreck yourself.
You really need patience with SWING trades.
If the patience for you is an issue, stick with Intraday if you can
The BEST of both worlds
Best Trading Indicator uses Multi-timeframes indicators on low timeframe charts.
The purpose is to get the best of small and best timeframes but on a small timeframe chart.
In other words, identifying strong trends and entering/exiting in an optimal way
SWING Trading Method
⚠️ The below is valid for all asset classes
The logic for swing though is if in a loss before going to bed, cut the trade and re-enter in a lower timeframe
For instance, if you take an algo universal m15 trade and you're in a loss at 11 pm and want to hit the bed, cut it and don't look back.
You'll sleep much better trust me rather than checking your phone every 2 hours and waking up your wifey who's gonna be pissed and leave home with the kids because you're a terrible human being
Traders lose because overtrading and something that no one talks about, sleeping poorly. I prefer you to sleep poorly to monitor a big winner rather than dealing with a sucker trade.
Then look to re-enter using the algo universal m5 with a signal in the same direction - possible play as long as the m15 isn't invalidated by a hard exit
Rather than that, that's pretty much it for the differences and the method is exactly the same (thinking about the leading trend, Supports, and Resistances, Black EMA vs cloud, ...)
SWING and Weekend
Swing trades means trades you hold multiple days sometimes weeks
So before the weekend same logic, if in a loss, don't play the casino and cut it
And look to re-enter on Monday using the smaller timeframe algo universal
with that logic, you can re-enter using the lower timeframe and exit based on the swing chart
but basically SWING = algo universal m15 and timeframes above
- You enter using the Algo Universal m30
- Then on Friday night, you're in a loss
- cut it and re-enter on Monday morning using the Algo Universal m15 or m5 in the same direction than the Algo Universal m30
You have to select the timeframe you prefer for each asset and really accept those trades may play within the same day or more often, over a few days.
Swing trading requires a bigger capital compared to intraday and a lot more patience
Also, the bigger the timeframe, the bigger the SL/BE and TPs targets have to be
You will almost never TP after 10 pips on a SWING trade
Last piece of advice
Even if you have work, you can do this every early morning. Doing that is not only mandatory but rewarding.
As there are so many assets to monitor, it's better to focus on the ones that could make us some profit with a high probability
- Scan the market every morning with the Algo Universal m15/m30/H1 for all the assets you want
- Look for the trades with the high possible rewards following our trading method
- Of course, be mindful of the macro events, the stock's earnings, the Trump/FED/ECB speeches, etc
Let's note that a high-reward trade could become risky if the signal appears on a Friday night or before you going to bed
Then, better to wait and look for a re-entry using a smaller timeframe with the Algo Universal