Multiple Time Frame Questions

Everytime you examine an instrument, work your way down.

Yearly
Quarterly
Monthly
Weekly
Daily
4 hours
hourly
30 min

below this level, enter at your own risk.
 
Quote from SmartAlpha:

An indicator based on 480 1-minute bars will paint a different picture than the same indicator based on 8 60-minute bars...
More...

This is a very wise and true comment about using technical analysis or statistical analysis. Don't get sucked into believing that a large sampling size of higher frequency data will give you the same trend profile and study metrics results as a smaller sampling size of lower frequency data. It is not a substitute !
 
Quote from oldtime:

I don't use charts, but after I put it on, I just keep looking for a chart with a time frame that makes it look like a sensible trade

you can almost always find one where you bought at the bottom or sold at the top
More...

I'm having lunch and nearly ruined my vintage IBM keyboard after reading this :D :D :D
 
Many good comments

Mine;

Too many up simultaneously - leads to utter confusion

Clear case where more is not always better when monitoring real time


Like TF said; start big, drill down, also copy the key levels from one to the other - where they all line up = money


eta; Also keep in mind the difference between Time Frame.., and Bar Interval - something I learned a few weeks ago

RN
 
The OP seems to have disappeared, but those who have resurrected the thread may be interested in the following:

Quote from dbphoenix:

This may further clarify the relationship between finding a trading op on the daily chart and using the 1m chart to locate an entry. This process should provide trades that are worth more than a couple of points.

As I said earlier, pick your spot.

http://cdn3.traderslaboratory.com/f...402-re-trading-off-daily-charts-quintych2.png

This is also a big chart. Note that the arrows "zoom in" to possible entry ops and the red dots on the last chart indicate potential shorts. If it isn't obvious, the charts are in sequence from the daily to the 60m to the 15m to the 5m to the 1m.

Before my editing window closes, I should point out that none of this has to do with multiple timeframes and multiple trends and countertrends within multiple timeframes and ups and downs and this ways and that ways. It's all the same trend, the same timeframe, the same entry, the same price movement. The only difference has to do with zooming in toward the trade entry. That can be made off the 1m, the 2m, the 7m, the 13m, the 47m, etc.
More...
 
Quote from Trader.Fighter:

Not always
More...


thanks for that . its a wonder I got 100 posts in 10 years , its just not worth it , one liners vs well thought out rules , trolls wreck any decent interaction .... (Trader.Fighter ) the name says it all , the only person a trader fights is himself so give yourself a good beating )) ... leave you all to it
 
Quote from brisvegas:

thanks for that . its a wonder I got 100 posts in 10 years , its just not worth it , one liners vs well thought out rules , trolls wreck any decent interaction .... (Trader.Fighter ) the name says it all , the only person a trader fights is himself so give yourself a good beating )) ... leave you all to it
More...

I meant no harm, and most definitely not a troll, in fact posted a better post in the same thread than the one liner.

Sorry about that.
 
To add to my one liner post.

Typically, a larger TF trend of potential support or resistance is supposed to take over a smaller TF trend.

Most of the time what will happen is, you obtain a reaction due to this clash, and then the outcome of the clash is typically the conclusion of the potential area working or not. Unfortunately, many times, the market needs further data to decide and it simply consolidates in the same area creating barbwire like action that is not healthy for intraday traders.


At the same time, it is not improbable that fundamental news occur before the test of the big TF potential area and the small tf trend just storms through it, which is why I said, not always in my one liner post.

Apologies to the above poster for my one liner lack of substance post, he was correct in noticing the weak counter-argument.
 
Quote from Redneck:

the difference between Time Frame.., and Bar Interval - something I learned a few weeks ago
More...


speak of the devil :)



Quote from dbphoenix:

The OP seems to have disappeared, but those who have resurrected the thread may be interested in the following:
More...



In the off chance someone is having a hard time getting their head wrapped TF vs. BI - here's how a redneck would splain it ;


Price has.., and will continue to - travel across time… (aka the time frame under our scrutiny)

Along its journey; it may stumble…, it may back track…, it may become confused and hang out for a bit…. it may even dash off and away – only to return later


We can use various bar intervals to help drill down and identify these areas…, and exploit them…, while keeping our risk to find out low


Just another way to see that – which has been around since the advent of trading

RN
 
You must log in or register to reply here.
Back
Top