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If I am trading multiple time frames I am using a 1, 3 and 15 minute
chart for the SnP daytrading. I trade the three using the 15 for
direction, and the one for entry and exit. Each chart tells a story. If
you are trading a daily chart, I would use the 60 or 30 min for entry
and exit and the weekly for direction. To use three different MA on the
same chart doesn't really give you a picture of what is happening in the
three different time frames.
Philip Schmitz wrote:
> Don't understand, Ira. Since Elder has been
> mentioned as an advocate of multiple time frames,
> what's the difference between Elder's use of an
> EMA(13) for his first, long term "market tide"
> screen, and Goslin's 10-week moving average as a
> long-term indicator.
>
> > This doesn't qualify as multiple time frames. It
> > is multiple moving
> > averages.
>
> This is where I'm not getting it. How do you
> define the time frames? Could you shed some light
> on this? I thought if I set the data to "weekly"
> and dropped a 10-period moving average on it I
> would have an indication of a trend in a weekly
> time frame.
>
> > the other favorite for longer term traders is MA
> > of 10H, 8L,3C. Cover shorts as 3C crosses 8L go
> > long when 3C crosses 10H. Reverse for the down
> > side. I am not a MA advocate, but if that is
> > your thing, here is something to occupy your
> > time.
>
> No, mistaken though I may be, my interest lies in
> the "multiple time frame question. From what I
> recall, Goslin is not about moving averages
> crossing. Thanks, though.
>
> Philip
>
> > Ira.
> >
> > Philip Schmitz wrote:
> >
> > > Not to mention Chick Goslin's Intelligent
> > Futures
> > > Trading (thank you Steve Karnish for the tip).
> >
> > > Goslin uses a "Direction Line" (long term
> > > indicator: 10-week moving average); a "Timing
> >
> > > Line" (short term indicator: MA(2) or (3) or
> > (4)
> > > minus MA(9) or (10) or (11)); and finally a
> > > "Confirming Line" (intermediate term
> > indicator:
> > > an MA(13) of the "Timing Line".)
> > >
> > > This is one of those topics, I think, where it
> >
> > > would be REALLY HELPFUL if some of the
> > experienced
> > > traders out there would step up to the plate.
> > >
> > > Hello?
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