Timeframe Question

[Pat494]

Here is another view of a higher TF

 

[Black Swan]

I can't take any more.

Hahahaha..are you off to keep Trader Number 7 company in Rampton?

 

[Pat494]

One hour later

 

[TheBramble]

I have no idea what's going on.

 

[kimo'sabby]

Good to get a different perspective from a fellow trader.

May your trades be blessed.

Thankyou, you too. From what i can gather, it's not so much about who's right and who's wrong, but the difference in thought process.

But hey, that's wot makes T2W such a joy to be part of.

 

[Pat494]

skip to the present

Not down at all !!

A bit like my trading

So where am I going wrong so often ?

I welcome replies

 

[TheBramble]

Not sure what you're asking Pat or what you're showing us.

 

[kimo'sabby]

skip to the present

Not down at all !!

A bit like my trading

So where am I going wrong so often ?

I welcome replies

You don't have to trade. If things are going wrong then stop. If you start getting fidgety and feel compelled to trade then you know you have a problem which will not allow u to ever be profitable.

 

[Ambrose Ackroyd]

For me the only significance of Time Frame is in the way that it measures the degree of boredom that I experience when trading.

The higher the time frame the more excruciating is the degree of boredom experienced during trading.

As I am a person of very limited patience I therefore trade on time frames of 5 minutes and below.

 

[nunrgguy]

Maybe this helps:

For me, there's 2 trades short there, I've only arrowed the second. T1 should have been liquidated before the seond entry. Why? Both should now be liquidated. Why?

 

[Pat494]

Not sure what you're asking Pat or what you're showing us.

hi Bramble

I am showing snapshots of today's S&P 500 - first 1 at 9.43am BST
This should mean the S&P will fall imho ( but it didn't) because of the trendlines as drawn on 3 minute chart and 10 minute chart.

I often get to this stage where trendlines show it's going south for instance on 3 min and 10 min but it ignores the rules and I get stopped out !!

 

[BeginnerJoe]

^^ Is this a good buy then ?

 

[Pat494]

It's happening again today

 

[Pat494]

^^ Is this a good buy then ?

In hindsight you are quite right

 

[robster970]

hi Bramble

I am showing snapshots of today's S&P 500 - first 1 at 9.43am BST
This should mean the S&P will fall imho ( but it didn't) because of the trendlines as drawn on 3 minute chart and 10 minute chart.

I often get to this stage where trendlines show it's going south for instance on 3 min and 10 min but it ignores the rules and I get stopped out !!

Pat - what is the primary timeframe you trade off on es?

or do you trade more than one timeframe on es?

 

[Pat494]

Pat - what is the primary timeframe you trade off on es?

or do you trade more than one timeframe on es?

Hi Rob

I seem to have tried every one from 4 hrs to 1 minute

how about you ?

 

[Pat494]

It seems to me that the longer the TF then the bigger the stop needed

 

[robster970]

Hi Rob

I seem to have tried every one from 4 hrs to 1 minute

how about you ?

I've been settled now for about a year on 2 timeframes:

1) I use 5M to take some very quick trades around 2 key levels (yesterday's RTH High and Low). The 5M is used to time my entries and exits, entering on momentum and exiting on weakness.

2) I use the hourly for longer trades which typically hold overnight spanning 2 trading sessions (occassionally 3). I time entry off the 5M and these are usually pro-trend on the hourly. Note - I am trading off the hourly but using 5M to time entry and exit.

For both of the above, I know from the daily which way things are swinging and derive whether I'm trading pro or counter trend using this as a frame of reference for both of the above.

The timeframe you use for entry may not necessarily be the timeframe you are trading. It took me about a year to figure this out but once I did, I was on the home stretch.

 

[DashRiprock]

i said it b4 ill say it again

length of trade is dependent on what your trade is because of!

dammit!

 

[robster970]

i said it b4 ill say it again

length of trade is dependent on what your trade is because of!

dammit!

Yep.

I love you Dash.