[itzak]

Is there any use in using more than two time frames when watching for retraces on the ES trends. Also what ratio between time frames does anyone recommend?
thanks

[estate1997]

I find in back testing that the 4000 bar chart has the highest return on MA cross over. To fast for me to play so it is set up as auto trade.
Good luck

[jonbig04]

Originally Posted by itzak »

Is there any use in using more than two time frames when watching for retraces on the ES trends. Also what ratio between time frames does anyone recommend?
thanks

I find multiple time frames incredibly useful. I think of it as a forrest-through-the-trees kind of thing. I don't know what ratio is useful, but here are mine:

daily
150k vol
30k vol
10k vol
5 sec

[forrestang]

I'm trading NQ, right now....and I'd trade the ES the same way, only on the CVB charts I would multiply them by maybe 10.

I've got 5 charts right now that I make intraday decisions from 4 are on my screen at all times:
10K CVB - used to pick S/R the night prior, not on screen during trading
2500 CVB - transfer levels from 10K chart to this one, easier to see swings
1 Minute - gauging trend, trade managment, monitor volume on this
5 Second - Entry Chart w/Volume
60 Min - I just put this up there, as of now I am not finding it useful

If I were trading ES( and have before), I would replace the 10K with a 100K chart, and the 2500CVB with a 20K CVB.

[Tams]

10 multiple is a bit too much.

I would try 7, max.


Also I like to use odd numbers, so that the multiples do not divide into each other easily.

The key is to have multiple perspectives of the market;
you want to see the charts sync when the market sings.
If the multiples divides into each other, the charts will sync while the market might not.

[forrestang]

Originally Posted by Tams »

10 multiple is a bit too much.

.......I would try 7, max......

I think that depends on what you are using the charts for. I wasnt suggesting it's a correct/direct correlation.

The 10K I'm using is soley for picking out S/R. I've used the 100K on ES for the same reason. And the point of the big bar interval is to get as much data in as possible, while still showing some swings for major S/R.

The 2500, I simply use to view how price get towards the S/R. While still being small enough to show swing highs and lows. Cause the 10K really won't show it.

[Tams]

Originally Posted by forrestang »

I think that depends on what you are using the charts for...

I misunderstood your original post.
My apologies.

[forrestang]

No problems, it's good you brought it up, as maybe someone else might mis construe what I said as thought it's a direct correlation of some sort.