Simplicity in TA

Quote from themickey:

Real question....
How does one analyse this?
Example, the quarterly may be bullish, monthly bearish, weekly bullish, daily bearish, and other shorter time frames either trending up or down depending on time frame.
How does one come to some sort of opinion when trading in these circumstances? I've never been able to understand how looking at different time frames doesn't end up in confusion.
Would it be wiser just to look at the immediate trading time series you are trading and take that signal? Thx.
More...

The complexity is most certainly there because of trends within trends.

Even if you stick to one timeframe, it all depends how much you look into it or how much you expand it, how far back you analyze it.

In the end, we go back to the same problematic, trends within trends.

Obviously, the solution is to decipher how to proceed when trends collide.

In my very humble opinion, I think the best call is stay on the sidelines, and let them fight it out, when the outcome is clear, you know which one to follow.

Hope this was somehow helpful.
 
Quote from anglagard:

..... I think the best call is stay on the sidelines, and let them fight it out, when the outcome is clear, you know which one to follow.

Hope this was somehow helpful.
More...

Thanks for reply.
How does one determine "when the outcome is clear?"
Obviously chop is one of the worst places to trade imo, so does that translate into... 'when predominantly there are more different time frames heading in the same direction, that becomes the predominant trend direction?'
However, longer time frames must carry more weight (conviction) than shorter time frames I'd assume.
 
Quote from themickey:

Thanks for reply.
How does one determine "when the outcome is clear?"
Obviously chop is one of the worst places to trade imo, so does that translate into... 'when predominantly there are more different time frames heading in the same direction, that becomes the predominant trend direction?'
However, longer time frames must carry more weight (conviction) than shorter time frames I'd assume.
More...

By studying how reversal and continuation patterns act when they work and fail.

After you know how to identify this, when trends collide you will witness one trend failing a pattern and another one succeeding this event almost always simultaneously, indicating you new direction.
 
Quote from anglagard:



In my very humble opinion, I think the best call is stay on the sidelines, and let them fight it out, when the outcome is clear, you know which one to follow.
More...

Thumbs up
 
Quote from anglagard:

The complexity is most certainly there because of trends within trends.

Even if you stick to one timeframe, it all depends how much you look into it or how much you expand it, how far back you analyze it.

In the end, we go back to the same problematic, trends within trends.

Obviously, the solution is to decipher how to proceed when trends collide.

In my very humble opinion, I think the best call is stay on the sidelines, and let them fight it out, when the outcome is clear, you know which one to follow.

Hope this was somehow helpful.
More...



sometimes , well always really , i live by this

LAWS OF MULTIPLE TIME FRAMES

1. Every time frame has its own structure.

2. The higher time frames overrule the lower time frames.

3. Prices in the lower time frame structure tend to respect the energy points of the higher time frame structure.

4. The energy points of support/resistance created by the higher time frame's vibration (prices) can be validated by the action of lower time periods.

5. The trend created by the next time period enables us to define the tradable trend.

6. What appears to be chaos in one time period can be order in another time period
 
Quote from anglagard:

By studying how reversal and continuation patterns act when they work and fail.

After you know how to identify this, when trends collide you will witness one trend failing a pattern and another one succeeding this event almost always simultaneously, indicating you new direction.
More...

For someone who's recently starting you sure write some profound stuff as far as price action goes.

Whatever you doing, you on the right track, stay on it!

Crazy A
 
Quote from themickey:

Real question....
How does one analyse this?
Example, the quarterly may be bullish, monthly bearish, weekly bullish, daily bearish, and other shorter time frames either trending up or down depending on time frame.
How does one come to some sort of opinion when trading in these circumstances? I've never been able to understand how looking at different time frames doesn't end up in confusion.
Would it be wiser just to look at the immediate trading time series you are trading and take that signal? Thx.
More...

Sometimes the conflict is because PA is in a triangle or sideways channel so you use pattern analysis to help decipher the move. Sometimes it is because of the time e.g. Holiday break, end of week, end of month when major players are setting up tests for a move etc. Sometimes is it a pause pending an important news announcement. Sometimes it is because of conflicting major cycles. Sometimes it is because of a lack of interest like a Jewish holiday.

If you don't know what you are doing stand aside. If you are looking for ways to handle it there are tools or methods like cycles, time, volume, patterns, space etc. which are all big topics.

To keep it simple, if zooming out to a bigger time frame doesn't clarify a trade zooming lower often can work. If that doesn't help you will need to learn to be more sophisticated or sit it out. The better prepared you are to take advantage of what others see as noise the keener your edge is and while some edges can be explained in a few pages, developing the skills to employ those ideas, even with mentoring, is quite another matter.
 
Quote from brisvegas:

sometimes , well always really , i live by this

LAWS OF MULTIPLE TIME FRAMES

1. Every time frame has its own structure.

2. The higher time frames overrule the lower time frames.

3. Prices in the lower time frame structure tend to respect the energy points of the higher time frame structure.

4. The energy points of support/resistance created by the higher time frame's vibration (prices) can be validated by the action of lower time periods.

5. The trend created by the next time period enables us to define the tradable trend.

6. What appears to be chaos in one time period can be order in another time period
More...

This is excellent.

For those just starting.....
Confluence is key. The more the better. You need everything tossed at it. Time, S/R, PA etc.
 
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