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What time period strategy works best for futures trading? W/D or H/15M
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What time period strategy works best for futures trading? W/D or H/15M

  #11 (permalink)
Market Wizard
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Inletcap View Post
Took the words out of my mouth!

@mbiz
There is no timeframe or majic combination of indicators that will help a trader. If there were, we'd all be done tomorrow and the markets would cease to exist. Indicators are useful for scanning multiple securities to narrow the list down, then one goes into the charts to see what's happening and how it relates to the present environment. You won't believe me now, but one day you will appreciate that statement.

There are no shortcuts but it does not necessarily have to take a long time to learn enough to begin trading against the brightest minds in the world. Best $100 you will spend on your trading journey is an elite membership- with that, guys will help you and you will see a whole new perspective that you do not even know exists. You will learn what context is and how to prepare and execute a thesis- you can see what some extremely successful traders do and you'll see what struggling traders do/can't do. ( I have no financial interest in this site- just a genuine suggestion as you are only getting 1/10 of what's available without it)

Best of luck on your journey- look forward to seeing you on the "other side"

OH MY GOODNESS! @Inletcap DIDN'T REMOVE THE PICTURE FROM THE QUOTE


In all seriousness, this answer is derived from my mentor, you

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  #12 (permalink)
Elite Member
Murrells Inlet SC
 
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rocksolid68 View Post
OH MY GOODNESS! @Inletcap DIDN'T REMOVE THE PICTURE FROM THE QUOTE


In all seriousness, this answer is derived from my mentor, you

Thanks!

FYI- We can't see it. It's a tiny little box to us- if you add a pic and spend a long time writing, sometimes the pic gets broken to others

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  #13 (permalink)
Trading Apprentice
Seattle WA/USA
 
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Inletcap View Post
Took the words out of my mouth!

@mbiz
There is no timeframe or majic combination of indicators that will help a trader. If there were, we'd all be done tomorrow and the markets would cease to exist. Indicators are useful for scanning multiple securities to narrow the list down, then one goes into the charts to see what's happening and how it relates to the present environment. You won't believe me now, but one day you will appreciate that statement.

There are no shortcuts but it does not necessarily have to take a long time to learn enough to begin trading against the brightest minds in the world. Best $100 you will spend on your trading journey is an elite membership- with that, guys will help you and you will see a whole new perspective that you do not even know exists. You will learn what context is and how to prepare and execute a thesis- you can see what some extremely successful traders do and you'll see what struggling traders do/can't do. ( I have no financial interest in this site- just a genuine suggestion as you are only getting 1/10 of what's available without it)

Best of luck on your journey- look forward to seeing you on the "other side"

Thank you everyone for the candid and honest input and direction; it is greatly appreciated.

The following is for clarification and not to challenge your responses.

My intent in using these set of indicators against a specific time frame is not to find some "magical" set of patterns that will just work as I know this doesn't exist. In viewing the wikis that were linked here, I think what I'm trying to achieve with my strategy is to build a context that allows me to understand what the charts are trying to tell me. My thoughts were that the indicators would help me gain insight into what OHLC and price action is telling me during a period of time. At least that's what I wanted to used them for (and as was pointed out to quickly scan many markets in order to pick ones to drill further into). One of the key pieces that I'm missing is volume.

The thesis part is something I will need help with as I don't incorporate this into my trades today.

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  #14 (permalink)
Elite Member
Murrells Inlet SC
 
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mbiz View Post
Thank you everyone for the candid and honest input and direction; it is greatly appreciated.

The following is for clarification and not to challenge your responses.

My intent in using these set of indicators against a specific time frame is not to find some "magical" set of patterns that will just work as I know this doesn't exist. In viewing the wikis that were linked here, I think what I'm trying to achieve with my strategy is to build a context that allows me to understand what the charts are trying to tell me. My thoughts were that the indicators would help me gain insight into what OHLC and price action is telling me during a period of time. At least that's what I wanted to used them for (and as was pointed out to quickly scan many markets in order to pick ones to drill further into). One of the key pieces that I'm missing is volume.

The thesis part is something I will need help with as I don't incorporate this into my trades today.

On an intraday chart, the OHLC of any bar of any timeframe is meaningless as the markets are dynamic. That is what indicators are based upon and it's already on your chart. I promise you that the $100 Elite membership is invaluable. You will get it back in 4 ticks- pony up and we are all here to help

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