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Short term TF trading
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Created: by indextrader7 Attachments:289

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Short term TF trading

  #791 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
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Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

Real time trading webcast starting in a few minutes if you care to join.

If you have google+ (recommended) join here: https://plus.google.com/hangouts/_/a2872c7980b35ac224ce7cb8ce45bb35da6b85f6?gid=893851448980

Don't worry, I can't see you or hear you, I have everyone auto muted/blocked with a program. You are encouraged to chat if you have comments questions.

If you don't have google+ and/or refuse to get it, you can watch on my youtube channel, as it will be streamed live there. You wont' be able to participate if you want to comment/question. Here:
indextrader7 - YouTube

Let's have a good session today everyone.

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  #792 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
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Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

Trading with indextrader7: Psychological Journal

I'm sorry for the duplicate posts, but I don't know if the short term TF guys are following the TST journal thread!

An article I wrote on the idea and application of a psychological journal entry to enhance trading. I think y'all will like this one!

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  #793 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
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Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received


3D Trading
I've been a fan of three-dimensional trading for quite some time. 3D trading involves using three different timeframes such as the combination of 30min, 5min, and 1min charts.

There's a few ways to do it to suit your own style, but since I'm a Price Action guy... I'll show you how I do it.

I take a top down approach. Start with the longest time frame.

Long term chart - 30 minute chart

This is the chart I use to look for significant levels in price. It shows the history of the battles between bulls and bears. It shows emotional inflection points where more people are likely involved. Regardless of what the reason behind it may be, it shows support and resistance levels that I care about.

Here we can see CL action from today. We'll make an example of what price did as it entered the support level that price had reacted to four times prevously (blue boxes).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).







Now we go to our main trading timeframe, the 5min chart.

We're looking to see what price does as it enters this support level. We can see that, on this timeframe, price forms a three-bar stall at the level. There are also some longer wicks to the downside, which generally signal strong buying stepping in. OK, we found a significant level on the higher timeframe, and we've confirmed that we're getting a stall here on our trading timeframe. Let's look to the lower timeframe to get a microscopic view of the price action.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).






We're now viewing the lower timeframe (1 minute chart here).

We first have a strong push down into and slightly past the level. Buyers step in and price isn't able to maintain below. The bears step in and again, and we get to see what they've got. As you can see from the arrows, the second push down was super weak relative to the first, and price again came back up above the level. You can choose an exact entry however you like; the precise entry is not even close to the most important thing when you get the analysis right.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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  #794 (permalink)
Elite Member
london/england
 
Futures Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker/Data: CQG, AMP, VK, Kinetick
Favorite Futures: CL/6E/TF/ES
 
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Steven Smith View Post
I choose short time trading because short time trading is so much profitable,
that's why i take short time trade for scalping and scalping is so much profitable strategy
and also so much proven strategy but it is also truer that short time trading also a risky trading style.

Not a lot of people make consistent money scalping or day trading though

One of the hardest most risky forums of trading

But yes.....nice profits can be made. If you can beat the very hard odds

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #795 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
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indextrader7 View Post
3D Trading
I've been a fan of three-dimensional trading for quite some time. 3D trading involves using three different timeframes such as the combination of 30min, 5min, and 1min charts.

There's a few ways to do it to suit your own style, but since I'm a Price Action guy... I'll show you how I do it.

I take a top down approach. Start with the longest time frame.

Long term chart - 30 minute chart

This is the chart I use to look for significant levels in price. It shows the history of the battles between bulls and bears. It shows emotional inflection points where more people are likely involved. Regardless of what the reason behind it may be, it shows support and resistance levels that I care about.

Here we can see CL action from today. We'll make an example of what price did as it entered the support level that price had reacted to four times prevously (blue boxes).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).







Now we go to our main trading timeframe, the 5min chart.

We're looking to see what price does as it enters this support level. We can see that, on this timeframe, price forms a three-bar stall at the level. There are also some longer wicks to the downside, which generally signal strong buying stepping in. OK, we found a significant level on the higher timeframe, and we've confirmed that we're getting a stall here on our trading timeframe. Let's look to the lower timeframe to get a microscopic view of the price action.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).






We're now viewing the lower timeframe (1 minute chart here).

We first have a strong push down into and slightly past the level. Buyers step in and price isn't able to maintain below. The bears step in and again, and we get to see what they've got. As you can see from the arrows, the second push down was super weak relative to the first, and price again came back up above the level. You can choose an exact entry however you like; the precise entry is not even close to the most important thing when you get the analysis right.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

cant say much more, but i like reading posts like this.. hope you post more like this in the future!(if this is how you are trading currently)

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #796 (permalink)
 Vendor: www.thestrategylab.com 
Quebec, Canada
 
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Favorite Futures: Emini ES, Emini RTY (TF), Crude CL, Eurex DAX, EuroFX 6E, Forex EurUsd and Hang Seng HSI
 
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Where's indextrader7 ?

What happen to indextrader7 ?

He stopped posting with no notification and his blog is no longer updated.

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  #797 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
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wrbtrader View Post
What happen to indextrader7 ?

He stopped posting with no notification and his blog is no longer updated.

Hi fellow compatriote,

Follow this link (clickme) and you'll get the answer to your question.

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  #798 (permalink)
 Vendor: www.thestrategylab.com 
Quebec, Canada
 
Futures Experience: Advanced
Platform: X-Trader, InfinityAT, Saxotrader
Favorite Futures: Emini ES, Emini RTY (TF), Crude CL, Eurex DAX, EuroFX 6E, Forex EurUsd and Hang Seng HSI
 
Posts: 32 since Mar 2011
Thanks: 40 given, 36 received


trendisyourfriend View Post
Hi fellow compatriote,

Follow this link (clickme) and you'll get the answer to your question.

Thanks

I didn't realize he had another trade journal elsewhere here at futures.io (formerly BMT). Yet, I did know he had trade journals at different forums and that he was trying very hard to keep all of them updated. Just a little odd to be all over the place like that instead of having just one journal at one forum.

I wish him the best.

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