Multiple Timeframes

I would suggest looking for the lowest common denominator on the timeframe you are exploring. The floor used to hand chart and trade on a 15 min timeframe as that is when the buzzer sounded. Start there.
 
Quote from Wallace:

slavduja:
"Anyways, how does one measure noise ??"
why would you want to ?
"How would you quantify noise ?"
why would you want to ?
each higher tf removes the lower level noise and sideways, but has its own amount
of noise and sideways

since the price movement is IRREGULAR, it cannot be systemized
price targeting is fairly easy and accurate, but time targeting which produces the
noise and sideways, is more difficult to achieve, but easier the longer the tf used
however, individual tfs - when not being related to other tfs, are discrete, and can
then be analyzed, price - time targeted, and traded within their own tf

the attached is a NinjaTrader chart with 15 and 5 and 1 min charts overlayed
bars are Box bars, 15 are grey, 5 green and red, 1 white
think something similar can be done in MT4
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I would like to quantify it in order to have a systematic approach to picking the best time frames for trend following strategies. Problem seems to be that I will have correlated equity curves since, my stops increase with lower time-frames in order to avoid constant shake outs.By making stops wider, i am capturing same trends i would on higher time-frame hence defeating the point almost. The lower in time-frames I get the more noise and false break outs I would get.Perhaps my method isn't Robust enough, or there aren't many smooth sustainable trends on 5 in charts and intraday stuff is better suited for mean reversion.
Hmm, perhaps its better to test this stuff on many instruments and decide based on performance.

Anyways,
Nice chart, is that NInja Trader 7? or 6.5? I got a 6.5 collecting dust. Your chart there reminds me of Fibonacci Trader by Krause.Is the code available or something you coded yourself??

Thanks
 
Quote from RCG Trader:

The longer the time frame, the more significant the waveform you are in. Start with monthly, then weekly, daily and for intraday it will depend on the volatility of the instrument...

When u use multiple times look for a cascading effect. Ur signal of choice should first appear on the monthly, then the weekly, etc. This requires patience, which is something most traders lack, it is the prime reason they fail.
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This is correct. Start with the largest and work to the smallest. If you are trading a 1M chart you must know the significance of the 1 and 4H charts. The number of charts you view will depend on your ability to relate one chart to another and using too many to begin with will throw you into confusion.

There is no way a single chart can provide the structural information that multiple time frame charts can.
 
Quote from slavduja:



Anyways,
Nice chart, is that NInja Trader 7? or 6.5? I got a 6.5 collecting dust. Your chart there reminds me of Fibonacci Trader by Krause.Is the code available or something you coded yourself??

Thanks
More...

That would be NinjaTrader 7.
 
Quote from slavduja:

I want to know if some intelligent folks on this forum can help me determine the best way to rank time frames.

There has been a lot of buzz nowdays about mutliple time frames trading....................................................................................
Thats fine but its not clearly state why they use 3 and not 5? Why do they use 4min on entry and daily on long term??

Thanks

Slav
More...
===============
Sla/Vancouver;
Figure 1 year & 10 year charts [ very helpful]-but be sure its long enough to include bull AND bear market/TREND.Not usually true with average 1 year chart................................................................

1-5 minutes charts are what is called/named noise ;
fine for entry,
fine to study[because enough 1-5 minute charts add up to 10 year chart]............................................but still noise:cool:
 
Xspurt, here's some unlimited mt4 demo providers

http://www.brocompany.com/
https://www.fxpro.com/
http://fxtrade.oanda.com/trade-forex/metatrader/demo-account-setup

last week North American brokers changed to 'summer time' while the rest of the
world won't be doing so until this coming weekend

Broco - Mauritius, Saint-Petersburg, Russia in addition to fx pairs, cfds, and some
stocks they also have major indicies and futures contracts
FxPro - Cyprus and London, UK office may have an earlier start time of 2 rather than
3pm PST regardless of 'summer time', some futures
Oanda - US, Canada, Asia is the only broker ? that uses its own feed - Oanda offers
24/365 trading, doesn't have any holiday closings; while that's ok for their FXTrade
platform, I don't want the extra weekend price data included in the charts

I have an unlimited demo from Alpari - New York, Moscow, London, UK after asking
them to provide me with one: http://www.alpari-us.com/

most fx brokers provide a gold and silver contract, gold/usd some also gold/jpy
 
Quote from slavduja:

I want to know if some intelligent folks on this forum can help me determine the best way to rank time frames.

There has been a lot of buzz nowdays about mutliple time frames trading. Normally you hear traders say I use a Entry Time frame, Intermediate and Longer time frame to gage my entries and exits etc.
Thats fine but its not clearly state why they use 3 and not 5? Why do they use 4min on entry and daily on long term??

How does one design a metric to rank the time frames ?
How do you know if you you should have time frames be in multiples of 2,3,4,5,6....n?
Do you calculate the correlation between the time series and trade ones that are least correlated??Logically the correlation would increase as the difference in time interval decreases. 1 min tim series price chart would be more correlated to 2min than 30 min.

To conclude say I wanted to use a SMA cross strategy on multiple times frames. Executing it on each time frame exclusively without referencing to others.Which would mean If i am long in on time frame X I may be short on time frame Y. How do I select the # of time frames? And why?

I want to see if others have looked into this. Prof Logic said he uses constant bars and he uses squares. Something like 7^7.. So each time frame is 7 times greater. I want to know why??How does he come to this specific calculation and on what doe she rate it on?


Thanks

Slav
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I will make this really easy. Beware, the scammers and ET gurus will disagree:

All charts show the same info.

Any particular chart, such as 4 minutes, or 5 minutes, or 50 ticks, or 500 constant volume, or any unit, has no quantifiable advantage over any other chart. They all show the same info, it's just how it's divided up.

There is no magic in fib numbers. Run the fuck away from anyone who tells you you need to use a certain chart value "because it's a fibonacci number."

Same thing with perfect squares, or magic numbers, or any other of that voodoo crap.

The only time chart values matter is if you need to reference a particular timeframe, such as daily charts.

Sure, you can get the daily info from a 5 min chart, but it's much easier to use a daily chart.

Or, if you want to see like the high of the first hour or something, that's often easier if you're using hour charts, because it's right there.

Other than that, it's all a personal preference of what kind of scale you want the data to appear in.

In some cases, you might get data that appears a little more "smooth" by using a certain number of tick chart or constant volume charts, but it's still the same data that you would get from any other chart.

It's really a matter of how quickly you want the bars to print, and what you're comfortable looking at.

There is no appreciable difference between, say 500 tick charts and 501 tick charts. I encourage you to laugh heartily at anyone who suggests otherwise, because I promise you they are not a profitable trader and are just trying to swindle your money (because the only people who insist on stuff like this are people who sell trading systems).

You might not believe what I've said here, so I tell you what; bookmark this post, and if you're still trading in 5 years, come back to it, and you'll see that it's 100% true (most likely after you've lost money by buying and trading unsuccessfully a few systems that claim that magic fibonacci charts hold the answers).
 
NT 7: multi Data Series - timeframes - setup:
Menu/File/New/Chart: in Data Series window, dbl clk on 6E , set Type to 15 min
set Session template to 24/7 , OK
from chart, Menu/Data Series icon, as above with Type 5 min and Visual/Panel and
clk on 1 , repeat for 1 min
if using a Chart Template, apply to first chart, and adjust each new Data Series after
being applied to the chart

slavduja, while your original question has been about Multiple Timeframes, the question
is stretching into 'how to trade a price movement'
RCG Trader wrote " . . . the waveform you are in."
the basis of my understanding, analysis and trading any price movement has been
developed over many years, after first reading in 1980
'Elliott Wave Principle: Key to Market Behavior' by Frost and Prechter
the problem with Elliott Wave being unreliable, is, the price movement is IRREGULAR
and it's not therefore possible imo to predict the forthcoming wave formation

what Does work for me is the fibonacci ratio
using the Fibonacci 'Retracement' tool for price targeting based on the fibo levels -
when the price / wave hits a fibo level it may interact with it - end / change direction
so just drawing a fibo on the H-L of a wave is a fug of a lot easier than trying to EW
the wave, and much easier to trade with

the markets now run 24 hours each trading day
there are 288 - 5 min price bars in a 1 bar 24 hour day
if your trading session is 8 hours, there'd be 96 - 5 min bars in the 8 hours
480 - 1 min bars in the 8 hours
depending on your location, you may or may not be trading during the New York
session 8am-4pm EST, only significant because the majority of the trading volume
occurs between 7-10am EST

large price moves are Not linked to the high volume period, they can and do begin
and/or end at any time
also, while one may be able to time target the end / start of a wave, it may not occur
during one's trading session
as said, I believe individual tfs are discrete, and thereby tradeable, provided one has
an understanding of the overal trend and where the tf being traded fits within the trend

a 5 and 1 min chart is attached to illustrate the simple, basic use of fibos, Standard
Error Channel, and 8 hour trading periods in terms of the 2 tfs
chart program is MetaStock which has for me the best fibo tool, only because I can
use it for C/R fibos as well as P fibos and add / remove fibo levels (the tool re-sets
to a default with each new use) and which I prefer to the Fibonacci Extension tool
however, one still has to make some sense of
'waves'
 

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