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Trading with the trend...how do you decide?
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Trading with the trend...how do you decide?

  #1 (permalink)
Elite Member
Denver, CO United States
 
Futures Experience: Intermediate
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Trading with the trend...how do you decide?

I am trading the mini dow and one rule Id like to make part of my plan is trading with the trend. This of course is subjective depending primarily on what time frame you are looking at. I trade a 233 tick chart and have been using a 15min chart to define the trend. This then brings up the question do I look only at the recent activity on the 15 min chart or what the trend is in general for the last several days. I have also been experimenting with using a longer (200) time frame MA and only looking for trades on the side of the MA it is sloping.

I am curious how others out there define trading with the trend for themselves.

Thanks

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  #2 (permalink)
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  #3 (permalink)
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uspilotzzz View Post
I am trading the mini dow and one rule Id like to make part of my plan is trading with the trend. This of course is subjective depending primarily on what time frame you are looking at. I trade a 233 tick chart and have been using a 15min chart to define the trend. This then brings up the question do I look only at the recent activity on the 15 min chart or what the trend is in general for the last several days. I have also been experimenting with using a longer (200) time frame MA and only looking for trades on the side of the MA it is sloping.

You am curious how others out there define trading with the trend for themselves.

Thanks

Hi @uspilotzzz

As a general rule you should use charts which are 4x the lower chart. For example if you are trading a 60 minute chart to define the trend then use a 15 minute chart to identify pull backs and entry points. So with a 200 minute chart you could use 50 minute chart. If the time frames are farther apart than 4X they really dont sync very well.

You might also consider sticking with time frames divisible by 60 minutes. 60, 120, 240, 480, etc. for the higher time frames and 15 minutes for the lower time frames: 15, 30, 45.

In case you are interested; here is a excellent book which gives in detailed and repeatable way to identify trends: Trader Vic: Methods of a Wall Street Master: Victor Sperandeo, T. Sullivan Brown: 9780471304975: Amazon.com: Books

Robert

nosce te ipsum

You make your own opportunities in life.
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  #4 (permalink)
Elite Member
Denver, CO United States
 
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Thanks Robert. I have heard the 4X rule before. Is that what you use personally?

I will check out that book.

Aaron

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  #5 (permalink)
Trading Apprentice
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The 4x rule keeps charts looking somewhat congruent to each other.

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  #6 (permalink)
Elite Member
Denver, CO United States
 
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Thanks, I have been trading with a 233 tick chart and a 932 tick chart (4x 233) so far I have been happy with the results.

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