15-minute charts are a soothing time frame for many day traders!!

It is possible to use it in other timeframes, but
the 15-minute chart is especially convenient.

The 15-minute chart is one of the timeframes that can be used for trading on an ongoing basis.
This timeframe makes it easy to grasp market movements and provides a balanced framework that is neither too long nor too short.
It offers a well-balanced structure.

Traders can grasp market fluctuations and trends more easily,
and at the same time, they can understand market conditions without becoming overly confused,
making it one of the timeframes that can be used stably over the long term.

The 15-minute chart allows you to capture intraday moves and price movements in relatively detailed detail, but
it is also less susceptible to short-term noise and random fluctuations.
Therefore, as a timeframe suitable for various trading styles and strategies,
it is preferred by many traders.

For these reasons, the 15-minute chart is a useful timeframe for many traders and is expected to be used stably over the long term.

As you continue trading, mental fluctuations cannot be avoided.
When your mind is down, if you have a simple trading method,
you can quickly return to your prior state.

There are various timeframes for candlesticks, but for day trading, the 15-minute chart
serves as the basis for trading decisions. The advantage of the 15-minute chart is that the timeframe is suitably
not too long nor too short.

If you imagine trading for tens of years in the future, there are too many signals on the 5-minute chart
and trading becomes chaotic, while on timeframes of an hour or longer you tend to hold positions into the next day.


I tried various timeframes and finally chose the 15-minute chart.
While the same trading method can be applied to any timeframe,
the 15-minute chart fits my market-focused lifestyle.

Whether to find entry points on the 5-minute, 15-minute, or 1-hour chart is a personal choice, but the strategy to identify an “uptrend” and enter appropriately is the same on any timeframe.
The advantage of the 5-minute chart is that more entry signals appear than on the 15-minute chart.

This yields more trading opportunities.

With more trades available, it may seem that you can achieve many winning trades,
but in day trading, what matters more is the profit/loss ratio rather than the win rate.

As explained later in detail, trading too frequently can deteriorate profitability and
result in a lower overall win rate.
Simply shortening the timeframe does not automatically increase total profits by raising entry opportunities.

Therefore, it is important to understand the trade-off between more entry signals and the risks they bring.

Considering the characteristics of the 1-hour and 4-hour charts, these are longer timeframes than the 15-minute chart.
On these timeframes, unlike the 5-minute chart, the number of trades decreases, but there is a possibility to earn profits efficiently in a single trade.

Efficiency also relates to widening profit per trade, limiting the losses from spreads, reducing unnecessary trades, and reducing the time spent watching charts.

For example, if you work during the day and trade after returning home from work at 9 PM, a salary worker is advised to mainly use longer timeframes such as the 1-hour chart rather than shorter ones.



The reason why the 15-minute chart is considered best for day trading has a perceptual aspect.
The rhythm of market time and daily life time becomes synchronized on the 15-minute chart.

If you monitor charts all day, a 5-minute chart may feel a bit busy,
but you tend not to feel that way with the 15-minute chart.

On the other hand, when trading on the 1-hour or 4-hour chart, the flow of time seems slower, and you may be tempted to take positions more aggressively.


For reference, the number of candlesticks formed in one day is 288 on the 5-minute chart, but only 24 on the 1-hour chart.

・1-minute: 1,440 bars
・5-minute: 288 bars
・15-minute: 96 bars
・1-hour: 24 bars
・4-hour: 6 bars
・Daily: 1 bar

When trading using candlesticks, looking at only the daily chart like a single bar provides too little information. Conversely, the 1-minute or 5-minute charts provide too much information, in my view.

On the 15-minute chart, about 100 candlesticks are formed in a day, making it easier to find several entry points within that range,

and it can be considered an optimal timeframe.

In other words, the formation of candlesticks and the pace at which the chart completes align with my sense of time on the 15-minute chart.

By using a simple chart and trading on an appropriate timeframe, you can trade without stress.
This approach is the key to sustainable trading.

FX stops being panicked when you think ahead

When I first started FX, I could not imagine making a profit from trading.
I changed my methods many times, failing to cut losses at my decided stop points,
and traded in a confused manner.

Because I didn’t have a clear image of winning, I could not adhere to trading rules.

To avoid becoming the trader I don’t want to be,
it is important to imagine what kind of trading you want to do in the future.

Rules may not be clearly defined and imagining may be difficult, but that is too late if you wait. In day trading, you aim for several tens of pips to 100 pips per trade.

I always keep this pip figure in mind and imagine, “I will take 50 pips in the next trade,”
“I will lock in profits here.”
Of course, how you win depends on currency pairs and market conditions, but
it is important to have a clear image before entering a trade.

This is a very important thing learned from practice.
By imagining, trades like that become possible.
Please vividly imagine in your mind the kinds of trades you want to do.

For example, thinking, “If I enter at times like this, I can gain 50 pips,”
or, “This is a pattern that generates profit, so I should look for charts like this,” such thoughts are important.

By doing so, you can judge calmly and reduce confusion while holding a position.

As your imagination becomes concrete, you can trade in line with it.
Conversely, without an image, achieving the desired results is difficult.

For example, a person who usually trades on the 15-minute chart cannot suddenly hold positions for months and expect large profits.

Similarly, a trader using the 4-hour chart who suddenly wants to trade a lot and switches to the 5-minute chart is unlikely to succeed.

This is because there is no image that leads to victory on the 5-minute chart, and you can only execute trades that match the imagined scenario; otherwise you will lose.
Even experienced traders, even after many years, find it difficult to trade in ways that do not match their image.




In other words, trades without an image are simply “random.”

Winning by luck is a result of not having an image, and is a matter of chance.
But such luck does not last.
Conversely, trades that perform as imagined are a reflection of one's ability.
And once you have an image, a solid trading framework is established.
An approach of not entering trades when you cannot imagine them helps reduce losing trades.


If you have no image yet, at first, just as I did, base your trades on the 15-minute chart and imagine trades that target tens of pips per single trade, in the initial stage.
Imagine to clarify the path to understanding this book.
After reading this book once, before you trade, try imagining for yourself. You should be able to imagine better than at first.

Thank you for reading up to this point.

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