NexusFi: Find Your Edge


Home Menu

 





Multiple Time Frame Trading


Discussion in Commodities

Updated
      Top Posters
    1. looks_one ESFXtrader with 3 posts (2 thanks)
    2. looks_two vegasfoster with 2 posts (0 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 Bharatiya with 1 posts (0 thanks)
    1. trending_up 6,281 views
    2. thumb_up 9 thanks given
    3. group 10 followers
    1. forum 12 posts
    2. attach_file 6 attachments




 
Search this Thread

Multiple Time Frame Trading

  #11 (permalink)
FalseProphets
Toledo, OH
 
Posts: 41 since Nov 2012
Thanks Given: 16
Thanks Received: 46

Hello,
Those with the best of intentions may unintentionally mislead you here. I would proceed with caution even at a great forum such as futures.io (formerly BMT).
Price moves in fractals, so a pattern will show up in a 1 min chart before it does in a 5 min. If you are a price pattern trader, higher timeframes give a better feel for market structure and long term support and resistance. That alone is a good reason to have higher timeframe charts on during daytrading. Using samller timeframes charts for entries keeps stops tight and high timeframe perspective keeps you in the trade longer. As a result, you accomplish two critical ideas in trading...small stops and a longer target perspective.
The choice of timeframes depend on your capitization, trading style, instrument etc.. This is where the discussion gets tricky. I recommend internalizing one instrument and timeframe first. 30 min into 5 min into a smaller tick/ range for entries. The rest depends on your hardwork and developing your beliefs. No one else can help you here.
Good luck!

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
MC PL editor upgrade
MultiCharts
ZombieSqueeze
Platforms and Indicators
Increase in trading performance by 75%
The Elite Circle
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
29 thanks
Tao te Trade: way of the WLD
24 thanks
Diary of a simple price action trader
21 thanks
My NQ Trading Journal
14 thanks
GFIs1 1 DAX trade per day journal
10 thanks
  #12 (permalink)
 
0bl1vion's Avatar
 0bl1vion 
Toronto, Canada
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP/CQG
Trading: Natural Gas
Posts: 28 since Jun 2012
Thanks Given: 16
Thanks Received: 14

Time frames are just another tool on your belt. Just like moving averages, oscillators and other indicators. All of those items do one thing only - they provide a different way to "read" the market.

I think viewing the price action on different time frames can be implemented into any strategy with positive outcomes.

I use 1 Minute and 4 Range charts to look for a good place to enter a momentum. Once the position is profitable, I watch a 10 Range chart to get an idea of where I should consider taking profit.

For me, the benefits of using multiple time frames are clear and simple, I get better entries and exits.


Visit my NexusFi Trade Journal Reply With Quote
  #13 (permalink)
 
forgiven's Avatar
 forgiven 
Fletcher NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 862 since Mar 2012
Thanks Given: 287
Thanks Received: 580


keep it simple stupid . you should be using a time frame 3 to 5 times larger than your executing in. so if your executing on a 3 min. chart you should be using a 15 min. chart for trend lines , s and r zones , fib levels ..ect ect ...

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote




Last Updated on December 28, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts