Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

sharky2372

Timeframes

Recommended Posts

The short answer is no. (though I suspect your question might simply be to get 3 posts). It depends on what you want to achieve. The requirements of a scalper taking maybe maybe 50 trades a day are going to be different from someone wanting to catch the main intraday swings.

 

I notice from another post you have been trading 8 or 9 months I am kind of surprised. If you are profitable (or close to being) great! :) I would change nothing. If you are not you need to stop and work out what you are trying to achieve and then pick the tools to do it.

 

If you tell people exactly what you are doing now and what's not working out (or you'd like to change) it would be easier to offer feedback. In the meantime just use 42.

Share this post


Link to post
Share on other sites
The short answer is no. (though I suspect your question might simply be to get 3 posts). It depends on what you want to achieve. The requirements of a scalper taking maybe maybe 50 trades a day are going to be different from someone wanting to catch the main intraday swings.

 

I agree with BlowFish there is no correct answer for every trader and every setup. Each trader will have their own system requirements. For me I like the 144 and 233 tick on the ES.

Share this post


Link to post
Share on other sites

Seems to me alot of people use variations of fib numbers to choose tick timeframes. Like BlowFish says only you can find the answer that is best for your style of trading. For me the 610 or 377 tick chart work fine on the ES...

Share this post


Link to post
Share on other sites

no i was not trying to get my 3 limits in sorry you guys think that about everyone... i use the 144 tick on th ty and love it and the 377 on the ym and hate it just wondering if anyone had a better suggestion for the ym i like to trade for 3 or 4 hrs and sit and watch my charts if that helps, i dont swing trade. please give me some help if you can like i said im still pretty new to trading and the only luck i seem to have is just with the ty....

Share this post


Link to post
Share on other sites

A common misconception among traders is that "faster" charts are faster. That is, the 1m is "faster" than the 10m. However, timeframes are just ways we summarize a stream of data by "boxing" data into a set time interval, trade interval, volume interval, etc. More accurately, a 1m chart is more detailed than a 10m, but price moves at the same speed. Sure, it's stretched out horizontally more, but it's representing the same data. So, you could use a 5s chart to scalp, OR to take much longer positions.

 

Therefore, timeframes shouldn't effect your trading effectiveness unless price becomes far too summarized for your tastes. People like to use cute intervals (like 89 tick, 610 volume, or whatever), but it really doesn't matter. Find something that summarizes price in a way that's easiest to look at and analyze for your specific strategy.

Share this post


Link to post
Share on other sites
no i was not trying to get my 3 limits in sorry you guys think that about everyone... i use the 144 tick on th ty and love it and the 377 on the ym and hate it just wondering if anyone had a better suggestion for the ym i like to trade for 3 or 4 hrs and sit and watch my charts if that helps, i dont swing trade. please give me some help if you can like i said im still pretty new to trading and the only luck i seem to have is just with the ty....
Exactly, if you use tick or volume charts it will be differrent between contracts because the amount of activity is different. If one is stuck on tick charts, I would suggest trying several of the larger fib numbers to see which one looks best (89-1597 most likely). As I said in another thread, using fib numbers for picking a single time frame has no mystical power. The advantage lies when watching multiple time frames...fibs do a good job (imo) of separating themselves more naturally to the market flow.

 

Of course it also depends on your strategy. I personally have moved almost completely to range bar charts. They allow me to view the fractal nature of the market more easily since they don't get distorted by momentum/volume. Of course I trade without bar volume and don't find it necessary in a highly traded efficient market. My question with momentum/volume versus fractal price areas and cycles...is it the chicken or the egg? Of course my views tend to be in the minority. :)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • AMZN Amazon stock, nice buying at the 187.26 triple+ support area at https://stockconsultant.com/?AMZN
    • DELL Dell Technologies stock, good day moving higher off the 90.99 double support area, from Stocks to Watch at https://stockconsultant.com/?DELL
    • MCK Mckesson stock, nice trend and continuation breakout at https://stockconsultant.com/?MCK
    • lmfx just officially launched their own LMGX token, Im planning to grab a couple of hundred and maybe have the option to stake them. 
    • Date: 2nd April 2025.   Market on Edge: Tariff Announcement and Volatility Ahead!   The US economic and employment data continues to deteriorate with the job vacancies figures dropping to a 5-month low. In addition to this, the IMS Manufacturing PMI also fell below expectations. However, both the US Dollar and Gold declined simultaneously following the release of the two figures, an uncommon occurrence in the market. Traders expect a key factor to be today’s ‘liberation day’ where the US will impose tariffs on imports. USDJPY - Traders Await Tariff Confirmation! Traders looking to determine how the USDJPY will look today will find it difficult to determine until the US confirms its tariff plan. Today is the day when Trump previously stated he would finalize and announce his tariff plan. The administration has not yet released the policy, but investors expect it to be the most expansionary in a century. President Trump is due to speak at 20:00 GMT. On HFM's Calendar the speech is stated as "US Liberation Day Tariff Announcement". Currently, analysts are expecting Trump’s Tariff Plan to impose tariffs on the EU, chips and pharmaceuticals later today as well as reciprocal tariffs. Economists have a good idea of how these tariffs may take effect, but reciprocal tariffs are still unspecified. In addition to this, 25% tariffs on the car industry will start tomorrow. The tariffs on the foreign cars industry are a factor which will particularly impact Japan. Although, traders should note that this is what is expected and is not yet finalised. Last week, President Trump stated that he would implement retaliatory tariffs but allow exemptions for certain US trade partners. Treasury Secretary Mr Bessent and National Economic Council Director Mr Hassett suggested that the restrictions would primarily target 15 countries responsible for the bulk of the US trade deficit. However, yesterday, Trump contradicted these statements, asserting that additional duties would be imposed on any country that has implemented similar measures against US products. The day’s volatility will depend on which route the US administration takes. The harshness of the policy will influence both the Japanese Yen as well as the US Dollar.   USDJPY 5-Minute Chart   US Economic and Employment Data The JOLT Job Vacancies figure fell below expectations and is lower than the previous month’s figure. The JOLT Job Vacancies read 7.57 million whereas the average of the past 6 months is 7.78 million. The ISM Manufacturing Index also fell below the key level of 50.00 and was 5 points lower than what analysts were expecting. The data is negative for the US Dollar, particularly as the latest release applies more pressure on the Federal Reserve to cut interest rates. However, this is unlikely to happen if the trade policy ignites higher and stickier inflation. In the Bank of Japan’s Governor's latest speech, Mr Ueda said that the tariffs are likely to trigger higher inflation. USDJPY Technical Analysis Currently, the Japanese Yen Index is the worst performing of the day while the US Dollar Index is more or less unchanged. However, this is something traders will continue to monitor as the EU session starts. In the 2-hour timeframe, the USDJPY is trading at the neutral level below the 75-bar EMA and 100-bar SMA. The RSI and MACD is also at the neutral level meaning traders should be open to price movements in either direction. On the smaller timeframes, such as the 5-minute timeframe, there is a slight bias towards a bullish outcome. However, this is only likely if the latest bearish swing does not drop below the 200-Bar SMA.     The key resistant level can be seen at 150.262 and the support level at 149.115. Breakout levels are at 149.988 and 149.674. Key Takeaway Points: Job vacancies hit a five-month low, and the ISM Manufacturing PMI missed expectations, adding pressure on the Federal Reserve regarding interest rate decisions. Traders await confirmation on Trump’s tariff policy, which is expected to impact the EU, chips, pharmaceuticals, and foreign car industries. The severity of the tariffs will influence both the JPY and the USD, with traders waiting for final policy details. The Japanese Yen Index is the worst index of the day while the US Dollar Index is unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.