Is the larger time frame overrated?

Discussion in 'Trading' started by MarketAddict, Dec 18, 2013.

  1. Agree on all accounts.
     
    #11     Dec 18, 2013
  2. As a 24 hour trader, what you must do, is learn to take the signals off the fast timeframes but always keeping an eye on any rapid development accomplishing significant changes in the slower timeframes, as this could turn what started as a scalp into a multi-day hold, therefore obtaining sickening risk reward ratio.

    This is where the gold is at.
     
    #12     Dec 18, 2013
  3. I have the higher time incorporated inside a lower time frame chart, but I use it as a guide, since trends can change and you need to know when the trend has changed. Also, I don't use the 1 min time frame since I consider it noise.
     
    #13     Dec 18, 2013
  4. Nothing is noise.
     
    #14     Dec 18, 2013
  5. Bingo when the stars align and you see the fast interact with the slow and you get one of these duhhhh setups you better pile on because it will make your month if it works.
     
    #15     Dec 18, 2013
  6. Problem is, by the time all the stars are aligned like you said, the trend is already consumed and you are too late to the party, all the smart money is already gone.

    Unless you are content with the crumbs...

    [​IMG]
     
    #16     Dec 18, 2013
  7. You are referring to multiple timeframe alignment, this is not what he or I meant.

    We are talking about noticing the fast timeframe accomplishing great things in the price action of slower ones, hinting that a potential ride could develop, leading, ironically, to multiple timeframe alignment....
     
    #17     Dec 18, 2013
  8. shhhhh don't tell everyone.. :D
     
    #18     Dec 18, 2013
  9. Oops, too late now, sorry, the secret is out :D
     
    #19     Dec 18, 2013
  10. :D
     
    #20     Dec 19, 2013