It's the timeframe...gaddammit

Timeframe > Strategy

  • Yes

    Votes: 3 18.8%

  • No

    Votes: 13 81.3%
  • Total voters
    16
marketpugilists

marketpugilists

True or False
Any strategy can be profitable given the right time frame?
When I review losing trades, its not so much the strategy was wrong but moreso my time frame. Thanks for feedback.
 
The TF doesn't change how the market moves, 50pts on M1 is still the same 50pts on D1, the only difference is on M1 you'll have a 10pt SL and on D1 200pt SL.

So if you trade badly, the 10SL will be hit constantly but the 200SL makes trading much nearer to a 50/50 game, so it's really hard to lose 10times in a row, where as 10SL really easy.
 
marketpugilists said:
True or False
Any strategy can be profitable given the right time frame?
When I review losing trades, its not so much the strategy was wrong but moreso my time frame. Thanks for feedback.
More...

Never. I always look at the higher time frame before putting on a trade. If the higher time frame is looking funky, at most Ill look for a quick scalp. If its converging, I'll let it run. But never will I disregard the higher timeframe. This is how you are able to filter out bad trades and keep a few losers out of your trading day. These are often the difference between a winning and losing day
 
wiesman02 said:
But never will I disregard the higher timeframe.
More...

When I trade on the 15-min chart, I never look at the 1h or 4h chart just to see if they "confirm" my position, I look at the 15-min chart and that's it.

Because quite frankly I couldn't find any significant benefit with this top-down approach (looking at higher time frames first). In fact this approach only adds confusion to the trading process, in most cases. And you can miss a lot of good trades if you always wait for the OK from these higher time frames.
 
Last edited:
Turveyd said:
The TF doesn't change how the market moves, 50pts on M1 is still the same 50pts on D1, the only difference is on M1 you'll have a 10pt SL and on D1 200pt SL.

So if you trade badly, the 10SL will be hit constantly but the 200SL makes trading much nearer to a 50/50 game, so it's really hard to lose 10times in a row, where as 10SL really easy.
More...

Good point, but say theoretically (1) no stop loss is used (2) trade size is small and (3) a set R:R is not adhered too, meaning one is not looking for say a strict 1:3 or anything like that but profit is profit. What do you say?
 
Tradex said:
When I trade on the 15-min chart, I never look at the 1h or 4h chart just to see if they "confirm" my position, I look at the 15-min chart and that's it.

Because quite frankly I couldn't find any significant benefit with this top-down approach (looking at higher time frames first). In fact this approach only adds confusion to the trading process, in most cases. And you can miss a lot of good trades if you always wait for the OK from these higher time frames.
More...

You're not looking for confirmation, you are looking for convergence.
 
marketpugilists said:
Good point, but say theoretically (1) no stop loss is used (2) trade size is small and (3) a set R:R is not adhered too, meaning one is not looking for say a strict 1:3 or anything like that but profit is profit. What do you say?
More...

Without an SL and holding till profit or your bleeding out of every oraffice then TF is irrelevant after the first 10-15mins as anyone ability to predict price 10-15mins out is generally rubbish.
 
marketpugilists said:
Good point, but say theoretically (1) no stop loss is used (2) trade size is small and (3) a set R:R is not adhered too, meaning one is not looking for say a strict 1:3 or anything like that but profit is profit. What do you say?
More...


So no stop and no target?
Interesting.

Worst case scenario: sooner or later a huge drawdown will empty your trading account, no matter how small your position is.
In fact your ruin is certain, simply because the market has "more money" than you.
 
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