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Currency Futures

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  #770 (permalink)

La Jolla, CA
Trading Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
Private Banker's Avatar
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,828 received

monpere View Post
I realize the majority of traders use multiple charts, with one or more higher time frames to get the 'big' picture. I happen not to use higher time frame charts, and don't really care what the overall market is doing. What ever is happening on a higher time frame is also happening on my small trading chart they are the same market. I can somewhat understand trading a higher time frame, and using a smaller time frame to fine tune an entry. But if I am trading small swings in a small time frame, not sure what a larger time frame does for me. Looking at the chart posted there are 6 days of what to me seems like nothing going on this higher time frame chart. Does that mean you are not trading for 6 days until this chart shows something happening on the 7th day? There's probably pure gold inside most of those 15 min bars.

This is funny... Are you even reading what I write here? Yes, the last few days were range bound as clearly evident on the chart shown previously. With that context being observed, I traded those ranges based on my intra-day set up which is off of a smaller periodicity chart. How is this conversation morphing from what happened today in the Euro to a battle of who's trading method is superior? Lol!

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