Can you make sense of these technicals?

Discussion in 'Technical Analysis' started by farmerjohn1324, Feb 7, 2020.

  1. Can you explain? I had planned on entering trades that would close at a SL or TP. In which case, I don't know how long it will be.

    I do know that if you make the timeframe too long or too short, trends (and probably all technicals) become meaningless.
     
    #31     Feb 8, 2020
  2. The last time you claimed I made posts all day, I had actually spent that whole day touring the historic city of Samarkand, Uzbekistan.

    Then I made a few posts from my hotel that night.

    https://www.dropbox.com/s/rlncnaptn8saivm/Polish_20200208_220128972.jpg?dl=0
     
    #32     Feb 8, 2020
  3. SunTrader

    SunTrader

    like pretending to be a world traveler.
     
    #33     Feb 8, 2020
  4. What is with the people on this site?
     
    #34     Feb 8, 2020
    padutrader, Purplemist and bloomberg1 like this.
  5. speedo

    speedo

    [​IMG]
     
    #35     Feb 8, 2020
  6. In an uptrend, look for buy signals only. Never sell.

    But the opposite in a downtrend, right? Only look to sell. Never buy?

    And I will add my own twist... Never short index funds, or anything that always goes up over time. At least not for now.
     
    Last edited: Feb 8, 2020
    #36     Feb 8, 2020
    murray t turtle likes this.
  7. tomorton

    tomorton


    I mean the time-frame which gives me the set-up and which demonstrates a decision point for taking a long or short entry.

    So if I'm long-term trading, and the daily chart shows an uptrend, I will typically enter long on a pre-set order just above the high of a daily bar with a high lower than that of the preceding bar. The stop-loss will typically be below the low of the lower bar, possibly adjusted as necessary to allow for volatility.

    Its an orthodox rationale for trend-following and its hard to see how dropping down to H4 time-frame or shorter could make a very significant difference.

    I don't normally use TP's in a long-term trend-following trade. For me the trade (or series of parallel trades) ends when the trend weakens significantly.
     
    #37     Feb 8, 2020
    farmerjohn1324 likes this.
  8. Is there a maximum or minimum number of days (bars on a 1D chart) that you use?

    Cause as we know, extending or shortening the time back from present gives us a vastly different view of the trend.
     
    #38     Feb 8, 2020
  9. Shorter-term ma crossing over the longer-term.
     
    #39     Feb 8, 2020
  10. tomorton

    tomorton

    No pre-set number of days, though its often the case that in some markets a certain number of days with consecutively higher closes is about as far as it goes. I exit on weakness, get back in when weakness ends. Its OK by me if I get out at tea-time and set a new entry order at bed-time.
     
    #40     Feb 8, 2020