Over what timeframe is generally the most effective for a trend following set up?
Obviously trends present themselve across multiple timeframes but whereas a three yearly trend could be up the monthly can be down and the then intraday is a whole other world. Intrested to know how people deal with stops on larger timeframes as although a trend can be up there can be big oscillations which prevent tight stops over larger timeframes. does this mean the smaller the time frame the tight stops you can generally use so the lower risk?
I've just started doing some reading on this method of trading (turtle traders and covels trend following) and finding it very interesting. Any input welcome
Obviously trends present themselve across multiple timeframes but whereas a three yearly trend could be up the monthly can be down and the then intraday is a whole other world. Intrested to know how people deal with stops on larger timeframes as although a trend can be up there can be big oscillations which prevent tight stops over larger timeframes. does this mean the smaller the time frame the tight stops you can generally use so the lower risk?
I've just started doing some reading on this method of trading (turtle traders and covels trend following) and finding it very interesting. Any input welcome