Is the larger time frame overrated?

[Trader.Fighter]

Quote from Redneck:

Not to be argumentative.., or a dick

But any signal on a daily or weekly… even a monthly/ quarterly/ yearly/ longer TF (bar interval actually)

Has to be on smaller (intraday) TFs (bar intervals) – no matter the smaller TF(s) one picks


It just does

RN

With one exception, gaps.

 

[Redneck]

Quote from Trader.Fighter:

With one exception, gaps.

Even the gaps are there - they're simply covered up (masked) as a result of consolidating data (moving to a larger TF)

RN

 

[Trader.Fighter]

Quote from Redneck:

Even the gaps are there - they're simply covered up (masked) as a result of consolidating data (moving to a larger TF)

RN

Disagree, some particularly in equities would have nothing, but that seems to be the common denominator in this thread.

 

[Redneck]

Quote from Trader.Fighter:

Disagree, some particularly in equities would have nothing, but that seems to be the common denominator in this thread.

Post an example - please

RN

 

[kut2k2]

Quote from Trader.Fighter:

Quote from Visaria:

Disagree. The intraday signals are of inferior quality compare to daily or weekly. Also the cost compared to profit, as mentioned before, is a problem.

That is not true.

Take 5000 bars on the 1min chart and 5000 in the daily chart and compare.

You will be surprised at the results.

Compare how? Eyeballing it can be deceptive. What else did you have in mind?

 

[Trader.Fighter]

Quote from kut2k2:

That is not true.

Take 5000 bars on the 1min chart and 5000 in the daily chart and compare.

You will be surprised at the results.

Compare how? Eyeballing it can be deceptive. What else did you have in mind? [/QUOTE]


Definitetely not eyeballing.

Statistical probabilities of turns working vs failing vs risk rewards of the various timeframes.

 

[kut2k2]

Quote from Trader.Fighter:

Definitetely not eyeballing.

Statistical probabilities of turns working vs failing vs risk rewards of the various timeframes.

That sounds like just assuming some random strategy as a standard.

I'd use a choppiness indicator. When the choppiness value is low, you can make money with trend following. When the choppiness value is high, you can make money with rtm strategies. So the iffy part is at the halfway mark, which either means equal parts trend and chop or more likely randomness, which is untradeable.

So take the choppiness reading of your 5000 1-minute data and the choppiness reading of your 5000 eod data. Whichever one is farther from the halfway point is the more tradeable timeframe.

You should probably use something better than the Driess Choppiness Index, which is pretty kludgey IMO.

 

[Trader.Fighter]

Quote from kut2k2:

That sounds like just assuming some random strategy as a standard.

I'd use a choppiness indicator. When the choppiness value is low, you can make money with trend following. When the choppiness value is high, you can make money with rtm strategies. So the iffy part is at the halfway mark, which either means equal parts trend and chop or more likely randomness, which is untradeable.

So take the choppiness reading of your 5000 1-minute data and the choppiness reading of your 5000 eod data. Whichever one is farther from the halfway point is the more tradeable timeframe.

You should probably use something better than the Driess Choppiness Index, which is pretty kludgey IMO.

I think you deviated from my original statement. All I'm saying is that taking risk and reward into consideration a turn in a higher timeframe is not more reliable than the ones in the smaller ones.

 

[kut2k2]

Quote from Trader.Fighter:

I think you deviated from my original statement. All I'm saying is that taking risk and reward into consideration a turn in a higher timeframe is not more reliable than the ones in the smaller ones.

By "a turn" do you mean support or resistance?

 

[Trader.Fighter]

Quote from kut2k2:

By "a turn" do you mean about support and resistance?

Just simple bar turns, new bar taking previous high or previous low or in the case of outside bars, both.