hello traders it's a samurai trader here welcome to this short session I'm just
going to cover a question that comes up multiple times actually every day from
members and from traders that look at my YouTube videos what time frames do I
prefer to trade when trading futures Forex or stocks well I'm a very active
futures trader not so much anymore on Forex because I've really focused on the
futures markets however I will show you what I teach and what some of my members
use very very successfully and I have to say I don't day trade stocks because I
really focus as I mentioned on the futures market however I've got some
recommendations and I'll go through my philosophy when it comes to day trading
and what time frames you should use first of all I need to put up this
standard disclaimer for my members you would have seen this every video and if
you're new to my training videos please read the disclaimer in full so this is a
just a quick chart or slide off a session I did that last week on time
base charts so time based charts are still many day traders it really
preferred to use time-based candles or bars and for scalping I
recommend one three or five minutes and if you're going up to a ten minute
you're really starting to more swing trade generally speaking so I use what I
call activity-based chart so this tick volume range
I love Renko but I don't use Renko because I tend to find out I lose
information when I trade Renko candles because on TradeStation or the version
that I have all the candles that I have I don't see the tail so I see the full
body when it plots so I feel I do lose some information for placing stops and
things like that however I do very actively trade tick volume and range and
particularly range is my preferred type of candle when trading
Forex so my preferred day trading chart settings are as follows first of all I
really use the activity-based timeframes that is the tick the range and the
volume as I mentioned now they may be too fast or slow what I put up before
you in a moment so really you need to adjust the the
timeframe depending on your trading style and remember what it doesn't take
in is it normally fast or slow markets and I have on YouTube and in my course
I've got videos they ever talked about trading fast market so the settings I'm
about to give you right now are assuming a normal trading day and remember I
don't trade around use time so when you have a red flag I set it out that just
moves too fast for me I call that the killing field so what I'm about to show
you our normal time frames that I trade now in normal markets let me get this
out right so please test these settings and time frames and adjust your trading
style these work really well for me find something that works well for you
so first of all looking at crude now crude is a fantastic market we've seen
incredible volume now today at $10 a tick at some and it gets it trends
beautifully I really like the 350 volume now if you go and put a 350 volume next
to a 350 tick it doesn't you know they look almost the same so just play around
with these settings and go and test some accord suits you because are these the
right settings to use well they work really well for me so it doesn't mean
though there's not better settings for these so that's what I mean always go in
spirit experiment and have a look so crude 350 volume on the ES been trading
a lot of the slightly and the 1000 volume in a normal market now if you get
incredible volume like two and a half million contracts in a day I find you
need to jump up to 2,000 volume 1000 just moves too quick and even during a
normal there may be times where the market
takes off and I just sit aside I also liked the 550 tic and above so that
works really well but once again you might have to go to a 750 or even a 1000
tick in fast really fast moving markets or let me just say this what I recommend in
real fast moving Markets just set it out let the market take its run I just tend
to find that I get too much slippage and it's just too high-risk for me sit the
market out so yes during Globex hours its of course once New York closes
and we have Globex kicks off an hour later I love the 233 volume now for
tradestation uses it comes up as shared by the way so you'll see a plot on my
screens that'll show share it's actually the share means volume so the 233 is an
absolute what we say down under Per during the day it's a great market to
trade right up through the London session the NQ during the New York
market hours the 133 tick I really love once again you could replace that with
volume if you like volume and just one consideration trade is to try to be
consistent with your charts it just makes it easier in the long term once
the main market closes and Globex opens 55 to 89 i generally find around the 55
probably works really well on the NQ you've got much lower volume and it's a
much slower market so hence that's why you see traders the drop down so 1000
volure danner 233 but 133 on the NQ down to 55 because a volume really dries up
so it's much smaller volume the YM during New York Hours 89 tick I really
like and Globex down to 55 tick and that still may even be a little fast
however what is interesting you have much greater volume during the main
trading day on the NQ but you're in Globex NQ and YM their volumes are
about the same when it comes to Forex the five to eight range I really liked a
five range on forex particularly on the Aussie USD or the euro USD up to an
eight range so just go and experiment with those and find out what really set
works well they have seven range by the ways mighty fine
just remember most trading conditions once you jump out and really increase it
above an eight range you're really starting to swing trade for most times
of a day you just don't get that activity with those sorts of ranges so
if you're going to look at more swing trade the 13 range is really really good
likewise if you wanted to look at an anchor chart for 13 range if you're
trading the 5 range I really like the 13 range on Forex now as mentioned earlier
I don't actively trade stocks so looking at the stocks for our us colleagues
Netflix 133 looks really great the Facebook 233 looks really good on the
spot the 550 tick looks great as well so it comes down to really experimenting and I
could have applied volume candles on there or bars and got the same sort of
results so once again just experiment just go around and have a look at the
different stocks well let me take that back you don't go and I mean just go and
apply different time settings on those charts just to see what really suits you
now for members so I'm going to be sending the PDF out with this video so
if you look you'll see the PDF with this on this email but I've sent this link to
you if you're a non-member you're welcome to if you'd like the PDF just
with the settings please drop me an email at trader@iamadaytrader all
of this is now covered extensively in the day traders fast-track program we
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