Trading Multiple time frames

if you think this is interesting, try volume based chart, you'll see what time based charts cannot reveal....it's cleaner and removes much of the noise....momentum trading cannot be easier....

 

Volume bars vs Tick bars is a choice that you'll need to make depending on what you trade. I think one element is the importance of big trades and the nature of the participants in your market. Sometimes volume gives a better read, sometimes tick (better for hsi for example). Its well worth experimenting - imho you want the one that gives clear signals in those higher momentum times when the activity goes way up and the detail is missing from fixed time bars.

 

Balda
are those time frame the same or do you use a different time frame for entry, stoploss and target?

regards
tooth

 

Instead of fixed tick or fixed time candles, fixed range candles,
for instance each candle has a 5 or 10 cents range, can:
-also reveal tests of swing highs/lows more then time candles
-give some added objectivity in the vertical dimension

 

Krausz annotated in his "W.D. Gann Treasure Discovered":

1. Every time frame has its own structure.

2. The higher time frames overrule the lower time frames.

3. Prices in the lower time frame structure tend to respect the energy points of the higher time frame structure.

4. The energy points of support/resistance created by the higher time frame's prices can be validated by the action of the lower time periods.

5. The trend created by the next time period enables us to define the tradable trend.

6. What appears to be chaos in one time period can be order in another time period.

 

Listen to balda . . .

Trends only exist "one chart increment at a time ". Why confuse yourself?

 

Listen to balda . . .

Trends only exist "one chart increment at a time ". Why confuse yourself?

 

Multiple time frame traders may find this video on indicator and time confluence trading interesting. The video discusses a multi-confluence setup on the YM (Dow-mini futures) utilizing price support, multiple indicators, and two time frames.

http://madscalper.com/videos/confluence_trading_video/confluence_trading_video.html?aid=8160

Enjoy!

 

Nice Camtasia spam.
The more "Stuff" that is interjected into the trading process the more confusion.

 

Two charts seems to be the best combo...one for trend, and the smaller one for timing your trade in that trend...or whatever the set up may be. What would the 3rd timeframe be for? *sigh* *goes back to his bookshelf to find elder's triple screen*

cm