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Addressing the issue of time frames
This is a discussion on Addressing the issue of time frames within the Day Trading & Scalping forums, part of the Styles & Strategies category; As an aside, just been getting signals for short on the hour dow, others are flashing behind it so could ...
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Dec 15, 2008, 4:20am
| #25 |
| Legendary Member  Join Date: Jul 2001 Posts: 2,376
 | Re: Addressing the issue of time frames 
As an aside, just been getting signals for short on the hour dow, others are flashing behind it so could be a down morning for the indicies.And up for us light crude 09.25
__________________ http://www.trade2win.com/boards/truth/ "Adapt or die!" Said the Coackroach to the Dinosaur. Beware of false signals bearing gifts. "I have seen the enemy...and it is me." Follow the path of least resistance. Last edited by options; Dec 15, 2008 at 4:28am. |
 
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Dec 15, 2008, 5:08am
| #26 |
| Legendary Member Join Date: Jul 2001 Posts: 2,376
| Re: Addressing the issue of time frames
Well, exit signal came for a paltry 7 pips, although on the table at one point were around a very comfortable 82 pips. A trailing stop or a user moved hard stop would have given you a bit of that. There is actually another option to exit using the bottom indicator that would have caught most of the move. Could I have done any better by not using indicators? Truthfully. Just by bar reading. The entry would have been almost the same, my exit would have been around 15024 for 52 pips. But this is about cycles, and you have cycles within cycles. It happened that this trade was in a sideways moving market, inside the overnight range to boot. On a Sundaynight Monday morning, so probably one of the worst times to trade. At another point in the day/week/cycle. Trades will go for further. Any losses should be tiny or a small cycle. I won't post any 15 min trades because today while the market was moving sideways I was getting so many alerts (which I have to take off by hand) that it was driving me crazy. Apart from causing me to miss a trade on another instrument, and that just can't happen! Will I continue to use this cycle analysis in my day to day work, even though I am a confirmed bare naked chartist? You bet! Although it is an indicator. It is an 'intelligent' one and it will not have you trading solely off the indicator and then looking at the price for conformation. It will always be 'in vogue'. Because it is price driven. I was talking to someone the other day about working for them. They are into algo's and the like. They showed an interest in my cycles, and would have wanted to implement that into their trading. Then they asked if I could code and such like as they were always after having different codes written. Well, First off. I don't code as such. I'll take a bit of code and then 'adapt' it for my use. My second thought was. WTF! why do you want to keep changing things? How many times do you have to invent the wheel. If you have a good system, (They had one or two as well), that give's very low losing trades and very good profitable trades in all market conditions, why attempt to change something and risk fcking up something so simple and good? Err,I won't be working with them.
__________________ http://www.trade2win.com/boards/truth/ "Adapt or die!" Said the Coackroach to the Dinosaur. Beware of false signals bearing gifts. "I have seen the enemy...and it is me." Follow the path of least resistance. Last edited by options; Dec 15, 2008 at 5:19am. |
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 The post above is recommended by: foredog |
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Dec 15, 2008, 7:27am
| #27 |
| Legendary Member Join Date: Jul 2001 Posts: 2,376
| Bull baiting in action. Dangers of too small a time frame for the unwary.
These charts show the dangers for the unwary of using too small a time frame.The chart on the right is my scalping chart. If you had entered the signalled long on the main cycle indicator without checking other factors. The professional bull baiters would have got you. Although the move was good for 20 pips, it then changed on you and dropped 59 pips against you. Ending smack on the lower pivot. The break of the down trend line was there as well as the main cycle indicator buy signal. But the bottom cycle indicator was at the top of the range and rolling over. The hour chart indicators as well as price told you that the o'all trend was still down. In fact, the hourly bottom indicator was crossing below it's blue line to confirm the major trend on the hourly AT THAT MOMENT IN TIME was down. The bull baiters won and a swift victory for the real bears.
__________________ http://www.trade2win.com/boards/truth/ "Adapt or die!" Said the Coackroach to the Dinosaur. Beware of false signals bearing gifts. "I have seen the enemy...and it is me." Follow the path of least resistance. |
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Dec 15, 2008, 7:50am
| #28 |
| Legendary Member Join Date: Jul 2001 Posts: 2,376
| And then the confirmed move
Entry at 940 for a long when both cycles cross. and good for 70 pip so far. (posted chart will lag slightly). Although I haven't shown it the bottom indicator on the hour had pulled back up above the blue line.
__________________ http://www.trade2win.com/boards/truth/ "Adapt or die!" Said the Coackroach to the Dinosaur. Beware of false signals bearing gifts. "I have seen the enemy...and it is me." Follow the path of least resistance. |
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Dec 15, 2008, 8:46am
| #29 |
| Guest Join Date: Dec 2002 Posts: 5,708
| Re: Addressing the issue of time frames
Hi options Slightly off topic, but regarding forex on short timeframes, i find EUR mornings are pretty reliable in terms of consistency of signal strength and tradeability of conditions. After the US open however, with news & speeces due etc. the chances of messy conditions, and erratic/irregular price action are quite strong. That being said, a good looking setup is a good looking setup, and if they dont arrive, dont trade. If they do, trade them. Sit on your hands in the mean time. But i am thinking of becoming just a morning trader, and leaving the US session alone. Just weighing up the pros and cons. Man hours v's profit etc. How do you generally view AM v's PM conditions? Cheers. Last edited by JTrader; Dec 15, 2008 at 8:52am. |
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Dec 15, 2008, 9:15am
| #30 | |
| Legendary Member Join Date: Jul 2001 Posts: 2,376
| Re: Addressing the issue of time frames Quote:
I'll trade the cable before 8am and then normally flick over to the ftse for a couple of hours. If the spread stayed at 2 points before 8 o'clock with IG I'd trade from earlier. It's put out at 6points pre 8am I think. Yet the dax is 2 spread from 7am. Haven't got a clue what they are playing at there. Having said that. What you mentioned earlier about if a trade appears etc holds true. You can get good moves at 1.30 and 2.30. I think there is an example on here showing a move Friday on the ftse 30 mins beofre the usa open. If you can get your money in the mornings though, it frees up the rest of your day.
__________________ http://www.trade2win.com/boards/truth/ "Adapt or die!" Said the Coackroach to the Dinosaur. Beware of false signals bearing gifts. "I have seen the enemy...and it is me." Follow the path of least resistance. | |
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| The post above is recommended by: JTrader |
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Dec 15, 2008, 9:18am
| #31 | |
| Guest Join Date: Dec 2002 Posts: 5,708
| Re: Addressing the issue of time frames Quote:
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Dec 15, 2008, 9:28am
| #32 |
| Legendary Member Join Date: Jul 2001 Posts: 2,376
| Re: Addressing the issue of time frames
This is the continuation from the 'scalping' trade, also shows that when a trade appears jump on it.The initial move came around 12.25. You can see how many pips are there for the taking. Don't know what will happen when the usa opens.
__________________ http://www.trade2win.com/boards/truth/ "Adapt or die!" Said the Coackroach to the Dinosaur. Beware of false signals bearing gifts. "I have seen the enemy...and it is me." Follow the path of least resistance. |
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