time frame - Traders Hideout | futures io social day trading
futures io futures trading

time frame
Updated: Views / Replies:4,878 / 10
Created: by ness1g Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

time frame

  #11 (permalink)
Elite Member
port charlotte, florida
Trading Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Oil
Posts: 94 since Dec 2011
Thanks: 54 given, 72 received

ness1g View Post
How about the fancy candle types such as renko hybrid , trend channel, betterenko, rangenogap or wicked linebreak to name a few? Any preference? I mostly trade ES, CL and 6E

What I like about this site is that by providing my opinion, I help myself to see what I am doing and need to do, as well as hopefully help others like yourself. This thread has triggered a lot of thoughts so this post will be a little longer. Enjoy (or not)

It doesn't matter which chart you use. All a chart does is provide an interpretation of what price has done - in the past, recent or distant. Almost all charts use some technique to summarize price action which both provides information and hides information at the same time. For example a daily bar chart is great to show you high/low/open/close for the day but it hides from you any other information about what happened during the day. No matter what chart you use you get some information and lose other. One solution to this of course is to watch a few charts.

I actually keep a 1 tick range chart which when I open it spreads across two monitors. That shows totally what happened with no summarizing process. You can use this to see support/resistance, areas where price stayed most often, etc. If you squint some of the major characteristics become visible. All that the various 'bar' charts do is take this same data and summarize it.

As one of the other posters said, chose your chart(s) and spend thousands of hours watching them until they make sense for you. When you do this, however, it is important to understand exactly what the chart is and is not telling you (as in the day example above). The challenge and your decision is to choose what information you want and don't want to use. If you had a huge number of screens you might be able to have one of every chart and I guarantee you would never be able to make a trade. Too much information and too much conflicting information. If a huge number is too many, how many is enough? I would rather use one chart and know it inside out than have more than one chart and get confused by them. Having said that, I do think a 'few' charts that you can use to clarify a pattern or setup is appropriate. Don't get caught in analysis paralysis, pick a few and then stick with them until they are your friends.

On top of picking one or more charts to watch you have to decide if you are going to use indicators. Once again, indicators are interpretations. Not good, not bad. The trick is to understand how they work and what they do, chose some or not, and then stick to your plan on how to use them.

Finally, it is important to realize that there is no holy grail of charts. At the end of the day it is all about trade management. It has been shown that absolute random entries with proper management can produce a consistent profit. It's how you manage your losers and winners which in turn depends upon how you manage yourself. Why do most traders lose? Fear, doubt, greed, over confidence etc. - emotions. Not keeping winners and holding onto losers.

Knowing how to use the chart and price action once you are in a trade is the most important aspect of trading.

To start with, keep it simple, learn and then when you are experienced and successful, keep it simple.

Reply With Quote
The following user says Thank You to gcaldridge for this post:


futures io > > > time frame

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!


Trading Resolutions for 2019 - Avoiding Mistakes w/GFF Brokers

Feb 19

3 Excellent Entries, and How To Automate Them w/Kevin Davey

Feb 21

The Driving Force Behind the Market w/Earn2Trade

Mar 5

TBA w/Stage5 & iSystems

Mar 12

TBA w/John Grady @ No BS Day Trading

Mar 19

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26

Similar Threads
Thread Thread Starter Forum Replies Last Post
ADX Multi Time Frame bellair NinjaTrader 9 November 10th, 2011 11:14 AM
Best time frame for an instrument spikoloco The Elite Circle 9 September 25th, 2011 03:06 PM
Time of day,and possible time frame sycronization phasganon The Elite Circle 1 September 24th, 2011 12:53 AM
NT7 different time frame indicator Zsolt NinjaTrader 2 April 14th, 2010 12:40 PM

30 minute, 6e, candlesticks, cl, data, dom, el, es, holy grail, holy_grail, how to, indicators, information, intraday, kase bar, linebreak, patterns, price action, random entries, range chart, rangenogap, renko, resistance, s/r, spreads, support, support and resistance, tf, tick, tick charts, time frames, trade management, trading, trading buddies, trend, type

All times are GMT -4. The time now is 05:43 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2019-02-18 in 0.13 seconds with 17 queries on phoenix