Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

[Market Analysis with Multiple Timeframes]

Recommended Posts

This is a video using multiple timeframes for market analysis as requested in the forums. It's a very brief analysis to try to point out some examples of how I use multiple timeframes to identify price levels.

 

CLICK HERE TO VIEW VIDEO

 

Charts created by Tradestation

Presented by Traders Laboratory

 

Note: I accidently made the width and height super big.

Share this post


Link to post
Share on other sites

Dear friends

 

I've been trying to view this video since yesrerday but have been getting this message:

 

 

"The Camtasia Studio video content presented here requires JavaScript to be enabled and the latest version of the Macromedia Flash Player. If you are you using a browser with JavaScript disabled please enable it now. Otherwise, please update your version of the free Flash Player by downloading here. "

 

I've tried enabling the Javascript and also downloaded the Flash Player but I'm still getting this message.

 

I've viewed the other videos and they were fine.

 

Does anyone else have this problem?

 

Regards

JLOW

Share this post


Link to post
Share on other sites

Soultrader

 

Thank you. I've watched it and it helps. Because I'm such a novice, I'm not picking up the nuances in this. I'll investigate more on pivots to get some background info.

 

If you know of any systematic source I can get to, it will certainly help me considerably.

 

Once again...thanks a million.

 

JLOW

Share this post


Link to post
Share on other sites

Hi JLOW,

 

You might want to pick up a few good trading books to get the basics done. A good book on pivot points is A Complete Guide To Technical Trading Tactics: How To Profit Using Pivot Points, Candlesticks, and Other Indicators.. written by John Person.

Share this post


Link to post
Share on other sites

Nice video, thanks. I like how you use the daily for levels rather than trend identification. For me, if I determine the daily trend is up, then it would be hard to take short trades on a lower timeframe. Which is why I don't attempt to define the longer term trend.

 

It is good, however, to step back and see the forest every now and then.

Share this post


Link to post
Share on other sites

From R Krausz's work i use his set of rules regards to multi time frames . his software Fibonaccitrader is geared to use multi time frames . may be of use to some . on his site is a set of journals that may also be useful

 

 

LAWS OF MULTIPLE TIME FRAMES

 

1. Every time frame has its own structure.

 

2. The higher time frames overrule the lower time frames.

 

3. Prices in the lower time frame structure tend to respect the energy points of the higher time frame structure.

 

4. The energy points of support/resistance created by the higher time frame's vibration (prices) can be validated by the action of lower time periods.

 

5. The trend created by the next time period enables us to define the tradable trend.

 

6. What appears to be chaos in one time period can be order in another time period

Share this post


Link to post
Share on other sites
Soultrader,

 

Concerning John Person's book, did you find it beneficial and are you using any of his indicators or systems that the book discusses?

 

thx,

 

I found his use of candles and pivots extremely useful. Other than that, I dont use any of his indicator of system. I wasnt aware he had any.

Share this post


Link to post
Share on other sites

Hi Soultrader,

 

Would it be possible if you can repost this Video, as it looks like it is not on the server.

 

I am getting Error 404 on both links.

 

Let me know.

 

Regards

 

Szymon

Share this post


Link to post
Share on other sites
From R Krausz's work i use his set of rules regards to multi time frames . his software Fibonaccitrader is geared to use multi time frames . may be of use to some . on his site is a set of journals that may also be useful

 

Interesting you should mention Krausz. He was a student of the Canadian trader Charles Drummond. It was Drummond that 'turned him on' to multiple time frame stuff. Personally I think Charlie is one of the trading greats with some remarkably unique perspectives on the market. His treatment of multiple time frames is the most comprehensive I have come across by a mile.

 

I'm somewhat loath to unreservedly recommend his stuff, it takes most people a long long time and lots of study to 'get it'. There are certainly far simpler ways to trade profitably. Just thought I'd mention his work for those interested in multiple time frames.

Share this post


Link to post
Share on other sites
Thank's for the video, very interesting.

Where can I find Market Profile Indicator you use ?

 

It used to be available here for free but it has expired and no longer available. You will need to use a third party vendor for it.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.