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Indicators and Buy/Sell patterns vs. time-frames [RESOLVED]
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 2/19/2005(UTC) Posts: 55
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Hi,
If you look at a series of data for pattern awareness, what does it matter if it is in 1, 5, 10, 30,or 60 minutes other timer-frames? Don't indicators just look at patterns within a time frame and really don't care if the pattern is in minutes or days. So a buy is a buy whether it's 1 minute [more buy/sells signals] or 1 week [less buy/sell signals].
Stocks reacting to news will start reacting in minutes. Watching the market in various very short time-frames, I sense a lot of traders just playing the short-term patterns, except when there is really news causing a reaction.
Seems like the only real reason to care about time frames is to determine whether you want to be a day trader, long term trader, or something in between. Please advise.
Thanks,
Joe
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 3/7/2005(UTC) Posts: 1,346
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hey joe.... your right, indicators couldn't care less what time frame they're applied to....
your also right , a buy is a buy on rule based trading regardless of time frame..... but that does not mean they will be equal.... its difficult to put into words other than saying its the "conservation of energy".....
power pivots seems to me based on the conservation theme.... by trading in the lower time frame with the higher time frame moving in your prefered direction, your trade has a higher chance of success..... fewer trades but with more success..... conservation of energy......
many daytraders watch the daily and weekly charts close.... its harder to loose on the 30 minute if the daily is moving with you..... the last trade is most often a looser though, at least it is for me.....h
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 2/19/2005(UTC) Posts: 55
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Indicators and Buy/Sell patterns vs. time-frames [RESOLVED]
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