Can you make sense of these technicals?

tomorton said:
I never look at shorter time-frames than the trade's time-frame.
More...

Can you explain? I had planned on entering trades that would close at a SL or TP. In which case, I don't know how long it will be.

I do know that if you make the timeframe too long or too short, trends (and probably all technicals) become meaningless.
 
MV5BMTcyMTU3NDMzMF5BMl5BanBnXkFtZTcwODUzNTIwNA@@._V1_SY1000_CR0,0,1480,1000_AL_.jpg
 
padutrader said:
and that you should look to buy. and that all sell signals will fail.
More...

In an uptrend, look for buy signals only. Never sell.

But the opposite in a downtrend, right? Only look to sell. Never buy?

And I will add my own twist... Never short index funds, or anything that always goes up over time. At least not for now.
 
Last edited:
farmerjohn1324 said:
Can you explain? I had planned on entering trades that would close at a SL or TP. In which case, I don't know how long it will be.

I do know that if you make the timeframe too long or too short, trends (and probably all technicals) become meaningless.
More...


I mean the time-frame which gives me the set-up and which demonstrates a decision point for taking a long or short entry.

So if I'm long-term trading, and the daily chart shows an uptrend, I will typically enter long on a pre-set order just above the high of a daily bar with a high lower than that of the preceding bar. The stop-loss will typically be below the low of the lower bar, possibly adjusted as necessary to allow for volatility.

Its an orthodox rationale for trend-following and its hard to see how dropping down to H4 time-frame or shorter could make a very significant difference.

I don't normally use TP's in a long-term trend-following trade. For me the trade (or series of parallel trades) ends when the trend weakens significantly.
 
tomorton said:
I mean the time-frame which gives me the set-up and which demonstrates a decision point for taking a long or short entry.

So if I'm long-term trading, and the daily chart shows an uptrend, I will typically enter long on a pre-set order just above the high of a daily bar with a high lower than that of the preceding bar. The stop-loss will typically be below the low of the lower bar, possibly adjusted as necessary to allow for volatility.

Its an orthodox rationale for trend-following and its hard to see how dropping down to H4 time-frame or shorter could make a very significant difference.

I don't normally use TP's in a long-term trend-following trade. For me the trade (or series of parallel trades) ends when the trend weakens significantly.
More...

Is there a maximum or minimum number of days (bars on a 1D chart) that you use?

Cause as we know, extending or shortening the time back from present gives us a vastly different view of the trend.
 
guru said:
Funny that you’d “think” something opposite to what you “observe”.
Shouldn’t you think something based on what you observe?
Or do you just think of random ideas and then get surprised that opposite happens? :)
More...

Shorter-term ma crossing over the longer-term.
 
farmerjohn1324 said:
Is there a maximum or minimum number of days (bars on a 1D chart) that you use?

Cause as we know, extending or shortening the time back from present gives us a vastly different view of the trend.
More...

No pre-set number of days, though its often the case that in some markets a certain number of days with consecutively higher closes is about as far as it goes. I exit on weakness, get back in when weakness ends. Its OK by me if I get out at tea-time and set a new entry order at bed-time.
 
You must log in or register to reply here.
Back
Top