iCharts Discussions

sherbaaz · Yellow Belt Joined: 27 May 2009 Posts: 543

trading using multi time frame will always give you an edge provided you have patience an discipline to follow it religiously.

to give an eg the recent fall. if you are trading only single time frame let say 15 min tf then u could had captured the big move day before yday when the fall started. but if you are using 60+15 combo that signal was of no use on 15m as 60 was at that time still bullish as USP was not broken.

Now the Q comes r u willing to let go such profits, which u could had made following single time frame? As per me one should do that as in the long term you will saved from making lots of bad trades.

another eg i can give yday fall in nf yday morning we had a valid rejection on 15 min tf at that time 60M was down. Now the problem i faced which some of system followers might had faced is the SL.

it was pretty big roughly 40 points. But I knew that higher time frame down and 15 min tf bearish valid rej, one can further go down to take an entry on 5 min tf with wht ever intraday stgy if you just see the candles it was simple trade with sl of 20 points only.

now from 40 to 20 with high probability as we know all multi time frames are aligned in the favor of our trade.

regds,

Jaii · White Belt Joined: 11 Sep 2007 Posts: 210

Sher,

helloooz! Based on this system Pivot Points only unchangable, rest all u can design based on yr taste.

I was just explaining the way, how i'm trading his method.Seriously ,i've no other method to trade other than this & i'm trading highly succesfull.I've been backtested 25stocks,NF,BNF & 5 commo wth 2yrs data, after that only i've started to using 5TF for TSL.

If you are remember, sekhar sir once said, he's trading 2TF with same. If you can beleive past 4 months i'm trading 1TF in Gold(m)& i never met any bad exp till now....!

I dont use higher TF for my trades! Max 15 s my limit! But i'l aware when higher TF trading near 34 ema, mostly whenever the price trading 34 ema in higher TF, small whipsaw may happen in lower TF. Recent crude is one of the example.Last swing in NF s another ex.

but if you are using 60+15 combo that signal was of no use on 15m as 60 was at that time still bullish as USP was not broken.

If i'm using 60+15 combo to my trades, then i'l book my profits, once 15TF change it's trend from 60TF & will reenter based on RSI in 60TF or rej in 60TF.

And one more thing 60TF s in uptrend based on 34ema! Again here you can use 13 or 34 ema for 60TF.Spec sir once explained it's traders choice!I'ld like to use 34 ema for all TF.

Let we talk recent trades in NF.......My first entry 5590(below 22nd feb candle's low) added more @ 5Tf rej @5606.23rd exp so i've booked my profits wth decent points!On 23rd ther's no rej, not even 5Tf so no fresh entry.But RSI5 was in OB zone in 30TF too, so nxt day i've enter short @market open itself 5535/5555 and 80% i've booked @5465.Now if 5455(NS5TF) taken out, then i'l exit 20% & will reenter @15TF rej. This s my real trades and last 1 1/2 yrs i'm trading on this way only. You can select yr own TF to trade!

(I think i've to stop posting abt 5TF trades, this may confuse new comers Confused