Time Frame and Number of Days to Show in Charts for Intra day trading

All Tradings are Just a Prediction. All Prediction should be logical and Prediction should be based on Past Price Actions Movement. In Simple All Trading entry is a prediction based of Past Price Action. So Intraday  time Frame is and important element in trading. Likewise it is also Important that "How many days's Chat we should examine for intraday trading?".

This article look Over the relationship between time frames in a chart and Number of Day we should take in the chat for achieving maximum profit.

This article also try to find which is the best time frame for intraday time frame by looking Profit capability, Time to Take to Achieve the target or Stoploss, Number of chance of Trading Opportunity, And Winning Percentage (Error Rate)

Intraday Trader       60 Minute     10 -30 Days

Intraday Trader       30 Minute     5 Days

Intraday Trader       15 Minute     5 Days

Intraday Trader       5 Minute       1 to 3 Days

Intraday Trader       2 Minute       1 Day

Intraday Trader       1 Minute       1 Day


Time Frame
Time for Result
Num of Trading Opportunity
Winning Percentage
Error rate / Reliability
60 Minute
2 to 5 Days
Very few
Very High
Very Low
30 Minute
2 to 3 Days
Few
Moderately High
Low
15 Minute
2 Hours 1 day
Moderate
Moderately High
Moderately Low
5 Minute
1 Hour to 1 day
More
 High
High
2 Minute
10 Minute to 15 hour
High
 Few
Moderately High
1 Minute
5 Minute to 10 Minute
Very High
 Very Few
Very High

60 Minute 10-30 Days Chart (Swing Trade)
If i am taking 60 Minute Chart for my Trading, We should look for Past 10 to 30 Days chart.
Because only 1 day 60 minute chart will not give us any idea of price movement. We can not understand Trend f the stock whether it is UP or Down and We can not draw even a trendline it 60 minte one day chart. also 1 day 60 Minute Chart will not show any Price pattern line head and shoulders double top ... etc Because it only have a few candles or pips. That's why we should examine past 10 to 30 days chart if we use 60 Minute chart for trading. Our's Trading Target and Stoploss will be wider
We Should Wait few days to get Result of our trading. It offer less trading opportunity but these will be highly reliable.

5 Minute 1 - 3 Days Chart (Intra Day)
If iam using 5 Minute Chart, We need not look over past 30 days chart. It is enough to use 1 to 3 days chart for intra day trading. It is enough to understand Price Movement. Also it is okey for show patterns, Previous day Breakout, Trendline Breakout .. etc. 5 Minute Chart Offers more number of Trading Opportunities But the reliability will be comparatively Low. Target and Stoploss should be comparatively tight. 30 Minute to 1 day is the waiting time for getting our result. We should trade with more number of quantity for better Profit.

15 Minute 5 Days Chart (Intra Day)
If we are using "15 Minute 5 days" chart, It is better for identifying market movement, Trend or Momentum Change, Pattern Find (Double top, head Shoulder, Previous Day Breakout, Support and Resistance ... etc.). IE. We can examine how the price moved for the past five days. It offer better reliability and profitability in trading by correctly identifying better entry point using trendline, Pattern, Support and resistance ... etc.
But it has some drawbacks also. It offer less trading Opportunity. Sometimes we need to wait more hours to achieve result. In some cases it will only give our expected target on the next day. Ie It may not give our price target (or Stoploss) on the next day. in Such cases it can not be considered as Intra Day Trading

2 Minute 1 day Chart (Intra day, Micro Trading)
"2 Minute 1 Day" and "1 Minute 1 Day" Chart are for micro traders they trade with huge quantity with small stoploss and target

From the above Chart, We can understand that "15 Minute 5 Days" Chart and "5 Minute  2-3 Days" Chart are better For Intraday Trading

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