THOUGHT FOR THE DAY: TRADING TIME IN PTV
Yesterday worked out to be an interesting day because I began the day explaining how indicators lead PA and how they qualify PA. Then we had a days trading that was a perfect teaching exercise to prove the point and at the close of the day I found myself answering questions about time (T).
Itâs a good thing to realise what the charts we use emphasise so we get the best out of them. For e.g. P&F is Price and it disregards TV in the PTV trade. But the charts we look at in CFâs thread emphasise Time, not Price. If the market rose 100 pips and fell back 80 pips in one minute or just sat there with a 2-pip range in one minute, Time dictates how the bar looks, not Price.
Thatâs why I clock watch when I get a signal, because I know most traders use bar closes to exit and enter. So our chart is saying, time your trade with price. We use the PT subset of PTV. Letâs not forget it emphasises Time, not price.
In our type of trading T is king, not PA as is touted in ET threads. As you become more aware of time you will be able to stay in a trade until it suits you. Learning to use Time in multiple TFâs means more than rolling TFâs⦠yesterday was about Time divergence. Think about that. It was more than Price divergence when we called the 1 Hr up â it was running out of time because the 4 Hr was badly in need of a down move.
When the move down began everyone was thinking Price⦠yet our charts emphasised Time. Looking after Time filled the ATM⦠coz thatâs the way it works
Yesterday worked out to be an interesting day because I began the day explaining how indicators lead PA and how they qualify PA. Then we had a days trading that was a perfect teaching exercise to prove the point and at the close of the day I found myself answering questions about time (T).
Itâs a good thing to realise what the charts we use emphasise so we get the best out of them. For e.g. P&F is Price and it disregards TV in the PTV trade. But the charts we look at in CFâs thread emphasise Time, not Price. If the market rose 100 pips and fell back 80 pips in one minute or just sat there with a 2-pip range in one minute, Time dictates how the bar looks, not Price.
Thatâs why I clock watch when I get a signal, because I know most traders use bar closes to exit and enter. So our chart is saying, time your trade with price. We use the PT subset of PTV. Letâs not forget it emphasises Time, not price.
In our type of trading T is king, not PA as is touted in ET threads. As you become more aware of time you will be able to stay in a trade until it suits you. Learning to use Time in multiple TFâs means more than rolling TFâs⦠yesterday was about Time divergence. Think about that. It was more than Price divergence when we called the 1 Hr up â it was running out of time because the 4 Hr was badly in need of a down move.
When the move down began everyone was thinking Price⦠yet our charts emphasised Time. Looking after Time filled the ATM⦠coz thatâs the way it works
