Best timeframes for daytrading the ES.

Discussion in 'Technical Analysis' started by saico, Nov 7, 2003.

  1. If you are into higher timeframe setup, one useful comparison is to look at ES in 2 charts.

    1. A chart of 9:30 - 16:00 (Eastern Time) with 39 min bars

    2. A chart of 9:30 - 16:15 with 45 min bars

    1st case produces 10 bars a day while the 2nd one produces 9 bars a day.

    When applying indicators using exactly same set of parameters, usually you can catch the more powerful moves when they line up at the same time.

    One warning though for those who usually trade at 5-min or lower timeframes - the signals from 45-min bar or 39-min bar can span a day to 2 days. Thus trade/risk management is harder as the signals can point to caryying overnight positions. How to integrate such signal into daytrading only is a fine art :)
     
    #11     Nov 7, 2003
  2. T-REX

    T-REX

    looks like your using a simular type system as my
    2BC SCALP METHOD?

    I use the same type method to setup the trade in the morning and then overlay the 60min & the 5min charts.

    not bad.
    :D
     
    #12     Nov 7, 2003
  3. alextn

    alextn Guest

    umm newbie here
    sorry
    btu what is ES?
    thx
     
    #13     Nov 9, 2003
  4. alextn

    alextn Guest

    #15     Nov 9, 2003