Hi HLAng,
In Post #1 of this WSS thread, TEB said;
"4 hour 1 hour 15 is the main one I use.
Can use any three."
For the WSS trade that I posted below (#289), I used 1Day, 4hr, 1hr.
However, when I look at the charts, I start with the weekly and drill down through the time frames until I find a set-up that looks 'comfortable'. E.G. I might see price above the 200 ema on wkly, daily, 4hr and 1 hr (4 time frames). If price was below the 200 ema on the 15 min, I would seriously consider this as a WSS trade as I have more reassurance from more time frames.
Essentially though, it's three time frames that we need to look at. Andy Perry (AKA Captain Currency http://captaincurrency.blogspot.com/) also recommends 3 time frames in his ebook, which is what TEB's 3 Ducks thread is based upon. The 3 time frames that Andy talks about are 4hr, 1hr and 5 min.
I am new to these methods and am still experimenting on what works best for me.
If anyone has the file can they pm me or post it
MPP
