Trend the Trend

king156

Junior member
41 1
So I know a lot of people just trend the trend when spread betting weather it be currencies etc. SO I was wondering when doing this what time frame do you trend on? 1 min? 15 mins? 1 hr? 4hr? 1 day? etc etc.

Any input greatly appreacited.
 

tomorton

Legendary member
8,176 1,240
I take the relaxed view - develop my confirmations of trend from the weeklies, then look for a helpful daily pattern for an entry.

I admit, if I had more time to screen-watch I would try to get better levels for entries using the 4 hourlies, but 2 timeframes - one for set-up, one for entry - will still be plenty complicated for me.
 

king156

Junior member
41 1
I take the relaxed view - develop my confirmations of trend from the weeklies, then look for a helpful daily pattern for an entry.

I admit, if I had more time to screen-watch I would try to get better levels for entries using the 4 hourlies, but 2 timeframes - one for set-up, one for entry - will still be plenty complicated for me.

Sounds like a good approach, seems to be working for you then.
 

Splitlink

Legendary member
10,850 1,233
What I find about trading the 4 hourly is that the damned thing gives a signal in the middle of the night,
so what I find to be an attractive idea is inpracticable for me. I've tried the "if it's blue, trade long and if it's red trade short" approach, but you can't tell and, being so large a period I can't seem to decide when to get out of a bad trade. I am better on shorter TFs.

It may be the TF for you, though, and you will have to make your own decision on that.
 

tomorton

Legendary member
8,176 1,240
Two TFs works for me, I'm desperate to avoid complicated qualitative judgement input when trading. The 3 ducks approach elsewhere on this forum uses 3 TFs and likewise looks simple. I have a feeling that more than 3Tfs will complicate the picture so much that judgement worsens with more information rather than improving.

I also suspect that TFs should be far apart, each more than double the smaller below it, but not exactly 2x in case they work in harmonics. The shorter the TFs the more impact such things will have, so there's little point (and some danger) in using 5mins and 10mins or even 1day and 2days.

Same coud be said of MAs too.

Whichever way you go, each additional element of the chart has to tell you something that you a) absolutely need to know to make a winning trade and b) you wouldn't otherwise know in any other simpler way.
 

king156

Junior member
41 1
I seem to be doing okay on a 1Min time frame more like scalping to be honest even going against the trend to get a point here and there. But is the 1 Min really predictable enough or is it to random on that time scale to trend the trend properly?
 

Splitlink

Legendary member
10,850 1,233
3 ducks seems to lose a lot of good opportunities, to me. I suppose it's horses for courses and my disposition makes me want to kick myself for looking at a chart in hindsight and seeing that I could have taken a profitable trade and did not.

That is why I mentioned to King156 that he has to find what suits his temperament.
 

tomorton

Legendary member
8,176 1,240
Hi king156 - I don't think the 1min bars are random but I don't think even the 1monthly bars are predictable. The thing I have found though is when stuff starts to go wrong, its nice to have more than 1 minute to put it right.
 

king156

Junior member
41 1
Hi king156 - I don't think the 1min bars are random but I don't think even the 1monthly bars are predictable. The thing I have found though is when stuff starts to go wrong, its nice to have more than 1 minute to put it right.

Yeah I suppose that's true. Can I ask what time scale you trade on...
 

tomorton

Legendary member
8,176 1,240
I only enter trades (forex) after the London Close using daily charts. I set up my targets using weeklies to determine trend direction & strength.
 

king156

Junior member
41 1
I only enter trades (forex) after the London Close using daily charts. I set up my targets using weeklies to determine trend direction & strength.

Thanks for the help and everyone else too iv got some experimenting to do.
Happy trading all!
 
 
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