5min and 15min time frame query

Hi everyone,

can u help?, if 5mins TF shows a downtrend and 15mins TF shows an uptrend.

how do I establish an entry, should i be going long or short in this matter?

please clarify or explain this to me, as to what course of action shall i be taking...

thank u in advance

sami

I'm not sure about the rest, but from what I read in books, the rule of thumb is that shorter time frame follows the longer time frame ... that is, if the longer time frame shows an uptrend, I'll look for long set up in the shorter time frame, and vice vesa .... hope this helps ....

.

thanks hybrid


i'll keep that in mind...

anymore suggestions from other good people of FF

sami

You need at least 3 timeframes to be able to make some kind of analysis regarding trend. 2 timeframes are not enough IMO.

Will you be holding the trade for 5 minutes or 15 minutes?

To add more to the confusion, remember that new trends always starts on the lower time frame ! If the 15min TF changes direction, it will show first on the 5min TF

say if i hold the trade in 5min TF, does that mean i need to assess 15mins TF and higher timeframe?

in the lower TF the changes are occuring faster than the higher TF...question is which do u go?

i think if u are only holding it for 5mins.
1min TF would be good choice.
for 5m TF and 15 min TF u might wanna hold it for at least 10-30 mins
CMIIW

This is right, becoz you need at least the 30min to give you some idea of the overall trend.
I have found that if you look at the 5min & you see a turn from extreme high or low, then you check it against the 15 & it's not an extreme at all, then check 30 or 1-hour & you get a different picture every time, best to leave it alone.
That said, jump into the trade if 3 TF's show the same direction. Or better still, if they show a turn from above-mentioned extreme at more or less the same time.
The more convincing overall, the wider you can set your stops .. but that's a different story.

By looking at the highest timeframe in your set, you will see supports & resistance better and will be able to judge to some degree whether price is trending or ranging and can alter your trading strategy to suit.

Sami, something that I have had a wake up call with, maybe it will help you.

1. If you trade 5 min TF, you dont want to be in a trade longer than 5 min - give or take a few min (you are not going for alot of pips maybe 10 or so - you need to have strong psychology to take 10 pips)
   

1. If you are trading 15 min TR, you dont want to be in a trade longer than 15 min (you are not going for alot of pips maybe 10 to 10 or so - you need to have strong psychology to take 10 to 20 pips)
   

1. If you are trading 30 min TF you dont want to be in a trade more than a couple hours (I would say 15 to 40 pips here)
   

1. IF you are trading a 1 hr TF you can probably keep in a trade 1/2 a day or more, (50 to 100+ pips if the trade is not ranging)
   

1. IF you are trading 4 hr TF this is a bigger swing trade. (100+ pips)
   

You need to look at supply/demand levels on these TF.

Important:
The bigger the tf the greater authority the trade has meaning look at a 4 hr and Daily Trend the picture can be as clear as night and day, however you look at 5 min, 15 min, and even 30 min TF you will see an ATR of 150+ pips.

Bigger tf cancels out noise but you have to wait 1hr to 4 hr to maybe a day or 2 for the right setup.

Hope this helps.

thank u everyone for tips and advice...

support/resistance i should concentrate on, different time frames. what gets me is that support and resistance tends to fluctuate during the course of the day, so how does one overcome this obstacle. i know there different levels of S/R but what do u follow?

sami

Sami, Support and Resistance should be an old termonoligy if you will. May I suggest a better way to look at it?

1. Supply = Resistance (this is where pending orders and market orders are taking place on the short.

2. Demand = Support (this is where pending orders and market orders are taking place on the long

So now you have supply and demand. Think of it this way, it brings much greater value when thinking in those terms.

You see supply demand on all TF even 1 min for breakout trading. However
You need to find what type of trader you are. You will not know this till you have tried different trading hence:

1. Breakouts on 1 min, 10 min, 15 min chart (are you going to buy or sell at supply/demand lines)
2. Scalping similiar to breakout however you can use a 5 min to 30 min chart, are you going to scalp in the direction of the trend, I would hope so. (look at 1 hr chart over past couple days) or are you going to counter trend scalp - I would not hope so
3. Are you waiting for ranging areas 1 hour 4 hour ranging areas and will you be an advocate of the supply or demand?

You need to pick your poison.

Personally I go for swing trading 1 hour to 4 hr to daily chart setups I wait for entries and confirmation I go for 100+ pips

Again you can find Supply and demand on all time frames. Dont marry a trade if you are trading on small TF, if you are trading on long term swing trading then stick to your guns and money management.

thank u goods for the supply and demand explanation, much appreciated.

this what bothers me, is that if go in the way of the trend, say if i trade 5 mins TF (trend is downtrend in this time frame), now at the same time the 1hr or 30 mins TF shows an uptrend. at this point what are my options. do i follow the trend of 30mins and 1hr TF or stick with 5mins TF and take the trade i.e. downtrend, because i wanna trade no less than 15mins, i'm always in this dilemma.

help please...

sami