General Trading Chat

LoneWolf

Well-Known Member
5-6 months or max 1 year ok for intraday on smaller timeframes that is enough I think. I know few guys who have been only backtesting for last 10 years, but never got courage to take a real trade...dont let that happen to you.

Smart_trade
If we want to extend the same concept for swing trading in NIFTY, then what should be the preferred timeframe ? That is for trading swing in the direction of higher timeframe, what should be the trading timeframe and what should be the higehr timeframe ??

I started taking swing on NIFTY solely on 30M trend, that is trade LONG when its up and trade SHORT when it is down. Is this the right approach ? Or what could be the problem with this approach ? Or shall we take swing also in the direction of higher timeframe like intraday ??

Reply when you feel free.
 
If we want to extend the same concept for swing trading in NIFTY, then what should be the preferred timeframe ? That is for trading swing in the direction of higher timeframe, what should be the trading timeframe and what should be the higehr timeframe ??

I started taking swing on NIFTY solely on 30M trend, that is trade LONG when its up and trade SHORT when it is down. Is this the right approach ? Or what could be the problem with this approach ? Or shall we take swing also in the direction of higher timeframe like intraday ??

Reply when you feel free.
Hourly with daily or 4-5 hrs timeframe is ok.

We have to understand that the longer timeframe is the set up or filter we use to take trades on smaller timeframes..so till 30 min trigger a downtrend, we wont take short trades. So our entry in short trade will be late and not at the top.So for making good money that trend on larger TF should last for some time ,if it does last long, then we dont make good money.

Smart_trade
 

Sunnyraj

Well-Known Member
Hourly with daily or 4-5 hrs timeframe is ok.

We have to understand that the longer timeframe is the set up or filter we use to take trades on smaller timeframes..so till 30 min trigger a downtrend, we wont take short trades. So our entry in short trade will be late and not at the top.So for making good money that trend on larger TF should last for some time ,if it does last long, then we dont make good money.

Smart_trade


ST sir, what are your views on Flow method for swing ? on 60min and 30min time frame.
 
ST sir, what are your views on Flow method for swing ? on 60min and 30min time frame.
I dont trade 60/30 min flow methods these days . But flow methods can be used to get direction of the market and positions added on countertrend moves in that trend instead of adding on PH breakouts.That will give better results in my view.

Smart_trade
 
Flow method or any other method has some good points. They also have some bad points....so remove those bad points by replacing that segment from some other method and you have a good method ready.

ST
 

LoneWolf

Well-Known Member
Hourly with daily or 4-5 hrs timeframe is ok.

We have to understand that the longer timeframe is the set up or filter we use to take trades on smaller timeframes..so till 30 min trigger a downtrend, we wont take short trades. So our entry in short trade will be late and not at the top.So for making good money that trend on larger TF should last for some time ,if it does last long, then we dont make good money.

Smart_trade
ok, that means lets say we trade 60M in the direction of Daily.

So we will trade SHORT only when daily starts a downtrend. And on 60M chart this will be some 100-150 points away from top (lets say). And if Daily downtrend does not last long enough, we might not make good money in this SHORT. Less no of trades, but when daily trend lasts, chances of making good money.

But if we trade 60M trend alone, then we might catch this downtrend when price just 40-50 points away from top. But in this approach we wil end up catching the 60m downtrend which will be also a smiple correction on daily uptrend. So here no of trades will be more. But during the time of reversals from daily chart, we might get chances of catching the top and bottom of the market.

Am I right ?? So which style is preferable to start in beginning ?
 

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