I'm with you Nitro. Simplicity is definitely the key.
Runningbear
Runningbear
What Time Frame Do You Use For Day Trading
- Thread starter sahheng
- Start date
Quote from bobcathy1:
The time frame I choose has a lot to do with the market.
In a strongly trending market. ......13 minute is fine. And if I am not home all day, daily is just great.
In a very flat market 1 minute against a 13 minute backdrop.
If the trend is flatter than that......forget trading and catch some rays
Thanx.. that fits the real world. Gotta always know what the market environ's like. Luv to see traders strongly debate each other without defining the nature and tone of the market... doesn't have as much value. imho. I would think one wants to look at many dff. times frames, that is IF they want to capture larger moves even when trading intra-day. My background is swing, position and options... but I have always looked at many times frames in formulating trading plans/strategies.
Even the police take mug shots from 3 diff. angles.
I trade short term on equities, and intraday on commodities futures indexes.
The nominal bar durations I use, respectively for each is 30 min and 5 min. The next fastest fractal for each is 5 min and 1 min respectively.
I feel that I can cover the range of durations with 7 possible fractals. You can see that the ratio of fractal durations is about 5 or so.
I keep track of price, volume, MACD (5, 13, 6) and C&R stops locations. When I am in a situation where another person is using other indicators, I usually suggest to them the defaults I would use were I using that indicator.
I trade on the slower of the pair and anticipate on the faster of the pair.
For beginners trading commodities futures indexes like the normal or minis, usually I do not let them trade unless certain indicator conditions exist. These restraints simple only let them trade fast paced markets and they enter and exit only on market orders. They must also follow a stop protection regime that is aligned stringently to the market, the pace and the fractal and a related C&R periodicity.
I am new here and conventionally most people (4 out of 5) disagree with me in other forurms. You can see the contemporary perspective by looking at the follow on to your question. I try for clarity and i am an older person who probably will give you more of ananswer thyan you wanted but I feel a context is important.
My performance in equities is on a 6 to 8 day trade cycle and I realize more than 10% on average. I do about 50 turns per 3 years for each stream of capital I trade. The number of streams is the same as the average hold duration in days so I am rotating through one stock per day. My chief focus is having cash to utilize for opportunities that my universe of about 200 stocks present. My ROI on commodities runs 50 times that of equities with 3 to 5 trades involved per day. I trade by phone and have voice recognition.
regards,
Jack
The nominal bar durations I use, respectively for each is 30 min and 5 min. The next fastest fractal for each is 5 min and 1 min respectively.
I feel that I can cover the range of durations with 7 possible fractals. You can see that the ratio of fractal durations is about 5 or so.
I keep track of price, volume, MACD (5, 13, 6) and C&R stops locations. When I am in a situation where another person is using other indicators, I usually suggest to them the defaults I would use were I using that indicator.
I trade on the slower of the pair and anticipate on the faster of the pair.
For beginners trading commodities futures indexes like the normal or minis, usually I do not let them trade unless certain indicator conditions exist. These restraints simple only let them trade fast paced markets and they enter and exit only on market orders. They must also follow a stop protection regime that is aligned stringently to the market, the pace and the fractal and a related C&R periodicity.
I am new here and conventionally most people (4 out of 5) disagree with me in other forurms. You can see the contemporary perspective by looking at the follow on to your question. I try for clarity and i am an older person who probably will give you more of ananswer thyan you wanted but I feel a context is important.
My performance in equities is on a 6 to 8 day trade cycle and I realize more than 10% on average. I do about 50 turns per 3 years for each stream of capital I trade. The number of streams is the same as the average hold duration in days so I am rotating through one stock per day. My chief focus is having cash to utilize for opportunities that my universe of about 200 stocks present. My ROI on commodities runs 50 times that of equities with 3 to 5 trades involved per day. I trade by phone and have voice recognition.
regards,
Jack
My post above was related to this post. I just figured out how to do such a reference as a quote.
From: dkm (davidmarshall@nospamhotmail.com)
Subject: Re: Question for Jack Hershey
Newsgroups: misc.invest.futures
Date: 2003-02-08 05:50:43 PST
My interpretation of Jack's earlier posting regarding the use of stochastics
to trade ES is as follows:
Level 1 - "rockets" - fast paced long and short trends
Stochastics set to 14,1,3
Long when fast line breaks above 80. Exit when fast line breaks below 80
Short when fast line breaks below 20. Exit when fast line breaks above 20
Look for fast and slow lines to be entwined above 80 or below 20.
Mentally block out the 20 to 80 zone.
Target: $30,000 per annum
Level 2 - slow trends plus rockets
Stochastics set to 5,2,2
Go long as fast line breaks up through 75. Exit as fast line breaks down
through 25.
Go short as fast line breaks down through 25. Exit as fast line breaks up
though 75.
Do not look in the 25 to 75 zone for this method also.
Do not reverse. (Will do later after capital tripled).
Target: $60,000 per annum
Level 3 - reverse on slow trends instead of just exiting.
Target: $90,000 per annum
Notes:
Need to distinguish between fast and slow trends. Rockets (fast paced
trends) end in congestion. The stochastic signals go to the middle where
congestion "lives". If congestion, low volatility and low volume occur,
lines become entwined at 50%. This is the "sleepiest" condition. If not at
50, it is going to BO on the opposite side. Congestion ends with a BO. We
then get either a slow or fast trend.
Subject: Re: Question for Jack Hershey
Newsgroups: misc.invest.futures
Date: 2003-02-08 05:50:43 PST
My interpretation of Jack's earlier posting regarding the use of stochastics
to trade ES is as follows:
Level 1 - "rockets" - fast paced long and short trends
Stochastics set to 14,1,3
Long when fast line breaks above 80. Exit when fast line breaks below 80
Short when fast line breaks below 20. Exit when fast line breaks above 20
Look for fast and slow lines to be entwined above 80 or below 20.
Mentally block out the 20 to 80 zone.
Target: $30,000 per annum
Level 2 - slow trends plus rockets
Stochastics set to 5,2,2
Go long as fast line breaks up through 75. Exit as fast line breaks down
through 25.
Go short as fast line breaks down through 25. Exit as fast line breaks up
though 75.
Do not look in the 25 to 75 zone for this method also.
Do not reverse. (Will do later after capital tripled).
Target: $60,000 per annum
Level 3 - reverse on slow trends instead of just exiting.
Target: $90,000 per annum
Notes:
Need to distinguish between fast and slow trends. Rockets (fast paced
trends) end in congestion. The stochastic signals go to the middle where
congestion "lives". If congestion, low volatility and low volume occur,
lines become entwined at 50%. This is the "sleepiest" condition. If not at
50, it is going to BO on the opposite side. Congestion ends with a BO. We
then get either a slow or fast trend.