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Chart for swing trade


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Chart for swing trade

  #1 (permalink)
 emini_Holy_Grail 
Dallas,TX
Elite Member
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker: Zaner/Zen Fire
Trading: ES,6E,6B,GC,CL
Posts: 597 since Nov 2009
Thanks Given: 176
Thanks Received: 126

I like to try swing trade of ES,CL hold for a day or few days. Can someone suggest which time frame chart should I look at for entry and confirmation. Is it 30, 60min or daily chart?

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  #2 (permalink)
 
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 wh 
Neubrandenburg, Germany
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Experience: Advanced
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if you want to swing you can use
  1. 15 minute for entry
  2. 240 minute for short term
  3. 720 minute for med term
  4. 3600 minute (2.5 days) for long term

i use only heikin ashi for better trend view. nice swing.

Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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  #3 (permalink)
 emini_Holy_Grail 
Dallas,TX
Elite Member
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker: Zaner/Zen Fire
Trading: ES,6E,6B,GC,CL
Posts: 597 since Nov 2009
Thanks Given: 176
Thanks Received: 126


Thks WH. would you mind define # of days for short term, med and Long term. As diff people have diff period for swing trades.

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 wh 
Neubrandenburg, Germany
Elite Member
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512


emini_Holy_Grail View Post
Thks WH. would you mind define # of days for short term, med and Long term. As diff people have diff period for swing trades.

i can not give an answer, it is individual. if you hold positions over night, weekend ...
if you go with the big boys, you will find an answer. you must define a target and must have only a good ratio ...

Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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 wh 
Neubrandenburg, Germany
Elite Member
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512

here an example what i mean

Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
Attached Thumbnails
Click image for larger version Name: swinging.png Views: 410 Size: 148.1 KB ID: 6168   Click image for larger version Name: ratio.png Views: 280 Size: 37.4 KB ID: 6169  
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  #6 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
Elite Member
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512

not the same, but is not all the same:

here is a good approach of a trader

Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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  #7 (permalink)
 emini_Holy_Grail 
Dallas,TX
Elite Member
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker: Zaner/Zen Fire
Trading: ES,6E,6B,GC,CL
Posts: 597 since Nov 2009
Thanks Given: 176
Thanks Received: 126

WH
thsk for posting all the 4 charts.

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Last Updated on January 3, 2010


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