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favorite timeframe for intraday / taking entry point against MA
Started:November 8th, 2010 (11:02 PM) by ptcm Views / Replies:1,441 / 2
Last Reply:November 9th, 2010 (08:32 AM) Attachments:0

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favorite timeframe for intraday / taking entry point against MA

Old November 8th, 2010, 11:02 PM   #1 (permalink)
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favorite timeframe for intraday / taking entry point against MA

Just wondering if what's the favorite time frame you guys are using for your intraday trading ? ES, CL,

I am currently using 1,2,5,15 min,

Specifically 2 min for entry, 1 and 2 min for exit, 5 and 15 min for general trend direction.

I remember big mike in 1 of his trading videos once talked about he would NOT take long entry below moving average and vice versa. can't remember if it was 5 min chart?(Price Action on CL (Crude Oil Futures) Tue Apr 20th)

From my experience in trading Hang Seng futures intraday, forward testing results indicate that (especially within 1 hour after the OPEN)

you would save a lot of money taking entry at premature reversal levels

your entry would be a little late, and unlikely to catch those perfect reversed breakouts signals generated at slow stc levels ie 20/80

net net which one is better I don't know. Mike, can you share your view on this ?(no longs below your 20EMA / vice versa)
How did you end up having this conclusion of not taking counter-trend entry points ?

many thanks...

Last edited by ptcm; November 9th, 2010 at 07:16 AM.
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Old November 8th, 2010, 11:02 PM   #2 (permalink)
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Old November 9th, 2010, 08:32 AM   #3 (permalink)
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I believe @Fat Tails has covered this quite extensively already:



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