iCharts Discussions

varun_alld · White Belt Joined: 14 Dec 2009 Posts: 25

i have been a regular visitor of this FORUM

just could not understand one thing?

how do we decide weather we would go for 15 minute timeframe, a 30 minute time frame or a 60minute time frame to generate buy and sell calls ????

how do we decide on this ????? does this comes with experince or there is some way for this as well??

nithesh_n · White Belt Joined: 30 Dec 2008 Posts: 47

Time frame depends upon how much time you are in that position (Buy or Sell). For Swing trading (holding upto one week) you can use 60min time frame. For Day trading you can use 15min or 5min time frame, and for aggressive day trading (scalping) you can use 1min time frame and so on.

varun_alld · White Belt Joined: 14 Dec 2009 Posts: 25

Thanks for the reply !!!!!!

for aggressive day trading (1minute TF or 5 minute TF) how do we set a stop loss and target ????

We can generate Buy and Sell calls through Specky's system but how do we decide on Generating Buy and Sell calls ????

Can you give an example with a chart of nifty futures?