Hi San...thanks for tht chart....however, I would you to guide me here in my doubts...
that, what charts need to be used in NF while looking for intraday or positional plays of 1 day.....b/c i see you coming up with excellent observations using various timescale charts...would you like share with me your approach in analysing and arriving at conclusions...
also, i would request your valuable guidance in stuyding the 'price clusters' which ilango sir always stress.
The best way to trade using time frames is to combine two time frames. For example if you are planning to go long in the 15 minutes chart make sure that the 30 minutes chart is already triggered a buy so that you are not going against the trend in the bigger time frame.
For positional plays if you are planning to buy from daily chart make sure you are going with the trend in weekly chart.
The above answer is given by a trader. But as an analyst i cannot stick to one time frame. Because every time frame generates its own patterns. That's why sometimes i am posting 30 minutes chart and then switching back to daily or hourly charts. So i would look for opportunities in all time frames to share with the readers. But as a trader you should stick to your plans.
About price clusters Ilango sir has given lots of examples through his posts. I will try dig some posts from his gold mine to explain it better.
@ka San said the most important thing: "Because every time frame generates its own patterns". My addition: If U CAN follow ALL below time frames 5,15,30,1hr,4hr,day,week SIMULTANEOUSLY, U'LL HAVE THE EDGES OVER OTHERS. Best Wishes.
@San, THANKS for different time frame charts. Best Wishes.
Hi San...thanks for tht chart....however, I would you to guide me here in my doubts...
ReplyDeletethat, what charts need to be used in NF while looking for intraday or positional plays of 1 day.....b/c i see you coming up with excellent observations using various timescale charts...would you like share with me your approach in analysing and arriving at conclusions...
also, i would request your valuable guidance in stuyding the 'price clusters' which ilango sir always stress.
kind regards
Ka
@Ka
ReplyDeleteThe best way to trade using time frames is to combine two time frames. For example if you are planning to go long in the 15 minutes chart make sure that the 30 minutes chart is already triggered a buy so that you are not going against the trend in the bigger time frame.
For positional plays if you are planning to buy from daily chart make sure you are going with the trend in weekly chart.
The above answer is given by a trader. But as an analyst i cannot stick to one time frame. Because every time frame generates its own patterns. That's why sometimes i am posting 30 minutes chart and then switching back to daily or hourly charts. So i would look for opportunities in all time frames to share with the readers. But as a trader you should stick to your plans.
About price clusters Ilango sir has given lots of examples through his posts. I will try dig some posts from his gold mine to explain it better.
Thank you
@ka
ReplyDeleteSan said the most important thing:
"Because every time frame generates its own patterns".
My addition:
If U CAN follow ALL below time frames
5,15,30,1hr,4hr,day,week SIMULTANEOUSLY,
U'LL HAVE THE EDGES OVER OTHERS.
Best Wishes.
@San,
THANKS for different time frame charts.
Best Wishes.