hie i am new to trading but learing little every day . i am having different time frames in my charting application i am confused to use them . but i am going with 5min for stocks and cfds 15min . i came that some use tick method in plotting . can u xplain for that . and i want to know better time frame for day trading .

well, let me try to explain how I approach charts and time frames:

in daytrading, you are actually trying to "predict" the future.
You buy or sell stocks, options, forex, based on whether you believe the price will go up or down within the next few minutes, or hours, or days.

If you believe your instrument's price will be going up within your time frame, you will buy it "cheap" now, and sell it "expensive" later.

If you think your instrument's price is on the way down within your time frame, you want to sell "expensive" first, and then buy "cheap" later.

To be able to make a "prediction" about where the price for your stock/option/forex pair is headed, you will analyze the past evolution of this price.
How long of a "past" you will have to analyze depends mostly on how long into the future you want to "speculate" - i.e. the time frame that you are trading.

I'd recommend looking at the time frames "neighboring" your trading time frame.
That means, if you want to be in and out of your trade within an hour, you may want to look at the 15 minutes, hourly, and daily charts to determine whether you want to go long or short - or not at all.

traderin 

i came that some use tick method in plotting . can u xplain for that .

Have you tried the search feature on this site? If you haven't, it's very helpful.
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