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Multiple Time Frame Trading


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Multiple Time Frame Trading

  #1 (permalink)
Trader J
Paphos, Cyprus
 
Posts: 15 since Apr 2012
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Does anyone have a consistent (> 2 years) track record of multiple time frame trading? Would you be willing to share your experiences? (private or public)

I have spent a number of years on multiple time frame trading. The concept at the time seemed appealing and “logical”. When larger time frame participants trade in one direction, lower time frame participants can “log on” to the existing trend and in the process make some money.

It also seemed appealing to have more market opportunities because one is trading a lower time frame.

Somehow it just never worked for me. It never made more money than just trading End of Day.

There are enough stories and articles on the internet that multiple time frame trading “works”. However, in the last 12 years I have come across only one trader with consistent and actual results.

I would be interested to hear other people’s experience with factual results or with trade examples posted before they actually happen.

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  #3 (permalink)
 vegasfoster 
las vegas
 
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I've yet to figure any edge to it.

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  #4 (permalink)
 TheBramble 
London, UK
 
Posts: 5 since Sep 2012

Flip-flopped back and forth myself somewhat over the years. These days I’m firmly in the “Yes, it does help” camp.

Looked at what was at going on in lower TFs (subordinate) and higher TFs (superordinate). When they all lined up bias/trend (rare) it was often the very end of a run. And when I tried to trade contra the all-ducks-lined-up scenario, sometimes it got me in early to a reversal. But more often was the flatline, whipsaw or continuation of prior trend scenario, i.e. statistically a losing proposition.

Have to fess up and explain trading technically intraday isn’t where I’m at much these days (except now and again), but that doesn’t detract from what I found, and still find useful.

I don’t believe the subordinate TFs offer much in terms of trade execution. So if you’re trading the m15, the m5& m1 are not that useful to you. The superordinate TFs I have found DO inform the lowers TFs, but the temporal impact diminishes with granularity. What that means is, say you’re trading our hypothetical m15, the m30 is really important, the h1 very useful, but not as strong as the m30, the H1 and H4 worth having, but respectively less value than the m30 and the d1 is about as far out as you’d need to go.

The reason for this is that as you get to the daily and longer TFs, the crowd trading them is radically different to the lower TF technical crowd.

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  #5 (permalink)
Bharatiya
ND, India
 
Posts: 46 since Feb 2010
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Check out pandawarrior journal.

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  #6 (permalink)
 
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 Big Mike 
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If you are struggling as a trader you need to stop looking elsewhere for solutions. The problem is almost 100% certain you. It isn't methodology, platform, broker, indicators, charts, or time frames - but likely the way you execute on it. If you are questioning that anyone can be profitable, that is usually a sign of great frustration.

That said, most traders move to smaller and smaller time frames trying to minimize the pain of losing. It's the opposite of what you should be doing. Trade bigger time frames, bigger charts, and change your position sizing, instrument or market traded so that your risk is equal or less than what you were previously risking (and never risk more than 1-2% per trade).

It is covered in detail here:
Webinar: Where to start as a trader? (Part I: Instruments and Brokers)

And you should also read the hundreds of posts here, it will become crystal clear what you should and should not be doing by simply reading this thread front to back:


Mike

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  #7 (permalink)
 vegasfoster 
las vegas
 
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vegasfoster View Post
I've yet to figure any edge to it.

To clarify, I was speaking from a mechanical/algorithmic perspective. For discretionary, I believe you should definitely look at higher time frames for significant support and resistance in the form of highs/lows, trendlines, etc. or you will get bit and not know why.

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  #8 (permalink)
ESFXtrader
West Coast of Florida
 
Posts: 505 since Jul 2010
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If you follow my posts, you will see 30 min, 45 min, & 4 hr charts with smaller timeframes to pinpoint entries. See:

and


I rather doubt that a profitable trader will call out his or her trades prior to taking them, as you propose, as they are following charts,etc. You actually expect them to take the time to enter a post just to prove it works. I know it works and the multiple time frame charts can, at times, precisely pinpoint an entry.
We evolve in our trading until we are quite satisfied with the results.
Hope this helps.
Good trading and try the forementioned time frames and see if you can't improve your trading.
WK

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  #9 (permalink)
ESFXtrader
West Coast of Florida
 
Posts: 505 since Jul 2010
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This explains most of my trading system. I hope this answers any questions you may have had and good trading. Whatever futures' contract you trade, this system will work, although you may need to use a different tick or range chart.
WK

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  #10 (permalink)
ESFXtrader
West Coast of Florida
 
Posts: 505 since Jul 2010
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As you can see, this continues to work very well.
The charts shown have the trades marked and you will see that, within a very few ticks of each other, each trade has a great setup on more than one chart.
The charts shown are 30 min, 12 min, 6 min, & 6 Tick (r) [or range] charts.
Hope this will help your trading and, as always, good trading.
WK

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