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  • #433,321
  • May 2, 2011 3:56pm May 2, 2011 3:56pm
Quoting the redlion
i have a genuine question.

why or how do people trade different time frames?

i cant seem to be able to trade time frames separately.


when i look at a daily candle the price is moving the same way as the 1 minute candle. may be my brain is messed up but.

basically trading the 1 minute to me seems like trading the daily i dont understand, some people say noise or the 4hr 1hr 15 minute gives you different set ups and stuff, but to my brain

it all looks the same if price hits 1.4800 it hits the same price across all time frames.

every 5 one...
Redlion... I tend to see things the same as well... only difference is time to form the candle.

I use the same strategy on the 5m as I do on my daily charts.

24 hours is quite some time for a single candle... not a problem though. I do realize that I need to learn some patience. I very rarely let my daily trades go for more than 2-3 days. And the slightly hint at an opposing candle I tend to close out the positions to soon.

Only difference really, is pip risk. Risk more pips on the daily for a higher return.
  • #433,322
  • May 2, 2011 3:57pm May 2, 2011 3:57pm
Quoting the redlion
i dont think im making my self clear in my question.

when i look at price, i look at whats the highest the price has reached, which is in the 1.4900's or so, for the past 2 days or so the market has been ranging from 1.47600 to 1.4900's up and down it goes.

according to the overall trend which is bullish momentum seems to have been decreasing and looks like a corrective wave is underway.

the 1hr time frame i see it to give me an overall picture of what is going on today. and the daily to let me see overall market condition and range, thrust and...
you are referring to multi-timeframe confluence, which many trend traders look for in their set-ups...
  • #433,323
  • May 2, 2011 3:58pm May 2, 2011 3:58pm
Quoting the redlion
i dont think im making my self clear in my question.

when i look at price, i look at whats the highest the price has reached, which is in the 1.4900's or so, for the past 2 days or so the market has been ranging from 1.47600 to 1.4900's up and down it goes.

according to the overall trend which is bullish momentum seems to have been decreasing and looks like a corrective wave is underway.

the 1hr time frame i see it to give me an overall picture of what is going on today. and the daily to let me see overall market condition and range, thrust and...
why do you want to seperate time frames?

you are seeing the same thing because ITS THE SAME THING, same SPEED, STALLING the SAME PRICE.

the only reason why people are seperating time frame is because they are still new to the market. once you have understand the market as a trader they are just the same price viewed in different time frame its as simple as that. you are not messed up dude. stop overcomplicating things? -_-
  • #433,324
  • May 2, 2011 3:58pm May 2, 2011 3:58pm
Quoting FibbinArchie
you are referring to multi-timeframe confluence, which many trend traders look for in their set-ups...

Exactly. Even when I am down on the 5m, I want to know where the 4h/daily is headed.

That way I know I can risk a bit more with trend scalps.

Price tends to move a lot smoother with the trend then against it.
  • #433,325
  • May 2, 2011 4:00pm May 2, 2011 4:00pm
Quoting Hda
FibbinArchie: WoW!!! That was excellent - very sharp, very very sharp.
lol, been reading bill william's trading chaos, probably why I thought of it, unfortunately Bill's trading system is basically a breakout system and as a rule I don't trade breakouts, it's a fine book though, covering a great deal in trader psychology and the true nature of price action, well worth a read...
  • #433,326
  • May 2, 2011 4:02pm May 2, 2011 4:02pm
Quoting Venice
you moe
one of my all time favorite expressions...
Look Sharp/Trade Tight
  • #433,327
  • May 2, 2011 4:02pm May 2, 2011 4:02pm
Quoting Venice
Exactly. Even when I am down on the 5m, I want to know where the 4h/daily is headed.

That way I know I can risk a bit more with trend scalps.

Price tends to move a lot smoother with the trend then against it.
I guess because then you have more volume entering in a certain direction, because you have traders from all the various time frames entering, possibly...
  • #433,328
  • May 2, 2011 4:04pm May 2, 2011 4:04pm
Quoting FibbinArchie
I guess because then you have more volume entering in a certain direction, because you have traders from all the various time frames entering, possibly...
Yup. It's not rocket science... when we have confluence amongst time frames and everyone is seeing the same thing, we move fast.

It's when suckers try to fight the current direction that we have issues. But then, it eventually gets eaten up, and then we drive even harder because of the stops/covering on losses.
  • #433,329
  • May 2, 2011 4:04pm May 2, 2011 4:04pm
Quoting Venice
Only difference really, is pip risk. Risk more pips on the daily for a higher return.
Pip is the unit, but the lot size and the leverage you use is far more important that pips alone when we look at risk management. I'm just a newbie, but for me the only difference between the timeframes you trade is the comission price, the spread. For example if you make 20 pips of profit on the 5M, you have to pay 5% (1pip of spread) to your broker. But if you take 100 pips profit from the 4H, you only pay 1% (same 1pip) to your broker.

Maybe it's different when you trade with an ECN, but this is how I see it for retail traders.
  • #433,330
  • May 2, 2011 4:04pm May 2, 2011 4:04pm
japan banks holiday!!! any idea what to expect from them???
  • #433,331
  • May 2, 2011 4:06pm May 2, 2011 4:06pm
Quoting FibbinArchie
Hey Sun, how goes it?

Question is, as ever, continuation or reversal?
On my timeframe or yours?

On mine (daily) no reversal yet.
  • #433,332
  • May 2, 2011 4:07pm May 2, 2011 4:07pm
Quoting Venice
Redlion... I tend to see things the same as well... only difference is time to form the candle.

I use the same strategy on the 5m as I do on my daily charts.

24 hours is quite some time for a single candle... not a problem though. I do realize that I need to learn some patience. I very rarely let my daily trades go for more than 2-3 days. And the slightly hint at an opposing candle I tend to close out the positions to soon.

Only difference really, is pip risk. Risk more pips on the daily for a higher return.
its crazy lol

i swing trade daily positions using the 5 minute candles lol

when i speak to other traders they seem to not understand what im saying.
AVT INVENIAM VIAM AVT FACIAM
  • #433,333
  • May 2, 2011 4:08pm May 2, 2011 4:08pm
Quoting SunTrader
On my timeframe or yours?

On mine (daily) no reversal yet.
lol, still know what I'm looking for and not yet seeing it...

btw, on a serious point, i wouldn't really pigeon hole myself to a specific tf, kinda cycling through all of them continuously...
  • #433,334
  • May 2, 2011 4:09pm May 2, 2011 4:09pm
Quoting Aurele
Pip is the unit, but the lot size and the leverage you use is far more important that pips alone when we look at risk management. I'm just a newbie, but for me the only difference between the timeframes you trade is the comission price, the spread. For example if you make 20 pips of profit on the 5M, you have to pay 5% (1pip of spread) to your broker. But if you take 100 pips profit from the 4H, you only pay 1% (same 1pip) to your broker.

Maybe it's different when you trade with an ECN, but this is how I see it for retail traders.
Yes. Generally, the amount of leverage is less on entering daily trades, then the trade is built over time up to it's full amount. You add to the position when you are in profit, which enables you the ability enter a risk-free position.

You are only risking profit you have not yet taken yet.

It really is amazing using the markets money to build huge positions. That is hard to do as of late though... as we are playing consolidation games, which generally indicates continuation.
  • #433,335
  • May 2, 2011 4:10pm May 2, 2011 4:10pm
Quoting the redlion
its crazy lol

i swing trade daily positions using the 5 minute candles lol

when i speak to other traders they seem to not understand what im saying.
5M is one of the best key charts to trade on the day...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #433,336
  • May 2, 2011 4:10pm May 2, 2011 4:10pm
Quoting FibbinArchie
lol, been reading bill william's trading chaos, probably why I thought of it, unfortunately Bill's trading system is basically a breakout system and as a rule I don't trade breakouts, it's a fine book though, covering a great deal in trader psychology and the true nature of price action, well worth a read...
FibbinArchie: Yep, everyone has their own style. We all take a little something from everything to form our own thing. We have to continuously educate ourselves. Im going to give his book a read. Thanks for sharing
  • #433,337
  • May 2, 2011 4:14pm May 2, 2011 4:14pm
Quoting Hda
FibbinArchie: Yep, everyone has their own style. We all take a little something from everything to form our own thing. We have to continuously educate ourselves. Im going to give his book a read. Thanks for sharing
you didn't hear this from me, but the e version is out there in cyber space...
  • #433,338
  • May 2, 2011 4:14pm May 2, 2011 4:14pm
have long euro some pips upper of tl stop is 1,4797 going to use be stop if goes north
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  • #433,339
  • May 2, 2011 4:15pm May 2, 2011 4:15pm
i feel a little dumb now hahahaha

but i had that question because ever since i started trading a little over 4 months now.

i see things this way, and people say that trading is so hard, and i have to be honest. it gets a little challenging when you dont stop and analyze the market structure and trade against the overall price movement. but i just thought i might be missing something, since i have only seen PRICE MOVEMENT and never have concerned my self with TIME FRAMES. thanks for your responses

but if you read the news, and find out that the central banks are still for dollar weakness looking at correlation between the dollar the major currencies, i can guesstimate what direction they will all be taking aud/usd, gbp/usd, eur/usd and chf/usd, cad/usd and jpy/ usd. sometimes i spot a lagger and i enter for easy pips.

or even in the euro itself, market structure, direction of price, thrust and speed, and scaling in, gives me good profitability.
AVT INVENIAM VIAM AVT FACIAM
  • #433,340
  • May 2, 2011 4:16pm May 2, 2011 4:16pm
Quoting FibbinArchie
have you been following silver? any reason for reversal yesterday? may have even recouped loses since, not been watching so not sure and also not sure of it's effecs on gold price (although I believe they are both in an over inflated bubble). Oil down on Osama Bin Laden news, but then is Israel going to attack Iran?? inverse correlation with DXY...

As far as EU is concerned, technically up trend remains intact until we close below 44xx, also we have NFPs on Friday which will provide the ideal excuse for a major shakeout...

As ever looking for...
yes, not here quite for time , eu tank as per so far & pending long activated mostly , with sl though.short tp set at some high.

Yes at time , yesterday it also hit sl while gold was great . there was a diamond sitting , noticed but not believe it may even validate in small tf one & when gold raising . anyway gold seems quite different than gold & behave differently . next time will be carefull not done much before silver . sace c wave down as eu did & gold also doing today .
Hope all ok , usdx not seen much much abnormal in reaction & magnitude but currency war at it's peak than laden without open hunt & so random invention ok also . Thanks ,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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