Chart Timeframes

Charting systems can offer timeframes ranging from tick by tick to monthly bars. Monitoring multiple timeframes can give you a greater perspective on the personality of a currency pair.

The smaller timeframes such as 5 minute and 15 minute are best suited for daytraders looking to scalp for quick pips. They are also good for swing traders looking for an opportune moment to make an entry.

Each of the different timeframes can give you clues to the personality of a trading pair. You can find out whether the pair tends to move steady during it’s trends, or if it tends to stall often. You can find out if it’s volatile during daily sessions, but steady over the week.