Re: Combination Strategies
Posted: Wed Oct 21, 2009 1:37 pm
Hi Navajo
I like the way you using MTF (Multiple Time Frames) for your entry decisions, I have a very similar approach to you.
The first thing that people tell us when starting to trade is, THE TREND IS YOUR FRIEND!
I ALWAYS start with daily, then I like to look for a TF the is bucking the trend. Once I find that TF I then use that to enter on.
This is when one could use a variety of options to enter, inside bar, 1-2-3 setup, indicators ect, have a look at the following charts, at the bottom I have daily, then 4H AND 1H. The hourly chart closed above the rainbow MAs but short lived.
Cheers Lino
I like the way you using MTF (Multiple Time Frames) for your entry decisions, I have a very similar approach to you.
The first thing that people tell us when starting to trade is, THE TREND IS YOUR FRIEND!
I ALWAYS start with daily, then I like to look for a TF the is bucking the trend. Once I find that TF I then use that to enter on.
This is when one could use a variety of options to enter, inside bar, 1-2-3 setup, indicators ect, have a look at the following charts, at the bottom I have daily, then 4H AND 1H. The hourly chart closed above the rainbow MAs but short lived.
Cheers Lino