trading 2-minute charts.

[Smart_trade]

thts exactly wht im asking u,,,,
how u draw the TDST line

Draw a horizontal line from the highest high fron 1-9 days of Buy set up or the closing of the day earlier to 1st day. Normally it is 1st day high which gives you a TDST line 9 only sometimes highest high is not first day high but 2nd,3rd or 4th day high is the highest high.

Mirror image for the sell set up.

I am posting a 60 min NF chart with TDST marked on it.TDST at 3088.95 will give a good resistance to the current upmove in the next week and I will be a seller near this level ( with a TDST stoploss).Now I have a broader canvass of support and resistances, then one can go to smaller timeframes,sell the rallies and buy the dips in overall bullish environment.

Hope I could make it clear.

Smart_trade

Smart_trade

 

[vvvv]

smart trade,
are all these stuff there in new science of tech analysis by demark or in sumother buk.
if its there in sumother buk can u send me the buk by email.thnks

 

[Smart_trade]

smart trade,
are all these stuff there in new science of tech analysis by demark or in sumother buk.
if its there in sumother buk can u send me the buk by email.thnks

The New science.... is the first book by De Mark, The second is New Commodity Timing Methods and is the best one for treatment of TD ST,Sequential,Combo and Oscillators like TDREI. This is a John Wiley publication and not available in E book form.

Third book is DeMark on daytrading options. This is available in e book format on ********** and 4you,I have not downloaded as I have them in book format.This book will be useful in understanding the short timeframe trading.But New Science .... is a bit confusing and very heavy in its language.

ST

 

[vvvv]

anyway of shiftin these demark stuff to its appropriate thread...
maybe sum moderator can help

 

[biyasc]

Hi Biyasc !

Till now i have tried almost all time frames and i find 5 min charts as the most MEANING FULL ones for intraday trading. the probabilities of identical formations or patterns formed in 5 min ( the results ) are much more higher in 5 min.

For eg: if i see a strong formation such as bullish engulfing in 5 min and in 3 min. i would like to place my bet on 5 min for a very logical reason and that is that most of the traders use 5 min and not 2 and 3 min therefore it gives much more trade confidence when we know that a large number of traders are looking at the same.
Plus if you want to keep another eye on smaller time frame, which in my opinion is gr8, then go for 1 min, used by scalpers.

thanks for your view. but remember, most of the traders are not making money on daily basis.

its not the pattern on 5-minute charts which is going to pay you for your trades. its the logic behine the pattern from where you can earn money on that particulat trade. so if the logic exist in a 5-minute chart then the same logic can make money on a 2-minute charts. but yes, the profit amount should be less but at the same time the risk amounts are also less than 5-minute charts.

but yes, i fully agree with you on the confidence part. "most of the traders use 5 min and not 2 and 3 min therefore it gives much more trade confidence when we know that a large number of traders are looking at the same".

 

[vaibhav_08]

hi
i am new to this
where is 'trading 2 minute chart' for download

 

[imsurana]

u need to have realtime data continusely updating and u can set time there as 2 min and u will start getting two min bars.but mind it it is extermly risky way to trade.one should take a longer version of time.

 

[NOMINDTR]

u need to have realtime data continusely updating and u can set time there as 2 min and u will start getting two min bars.but mind it it is extermly risky way to trade.one should take a longer version of time.

Time frame is the key of trading strategy. Every one has his or her own time frame according to their risk profile. Larger the time frame, larger the profit and loss.

Time frame dictated by psychology of monetary effects of a trade. There is no rule that dictates 5min, 3min or even 60min.

Say a "noise" for trader A need NOT be a noise for trader B
And "risk" for trader A need NOT be risk for trader B
A "good" profit for trader A NOT need be good profit for trader B
A "right stop" for trader A NOT need be a right stop for trader B

Oh! Let me stop here

 

[rkkarnani]

Time frame is the key of trading strategy. Every one has his or her own time frame according to their risk profile. Larger the time frame, larger the profit and loss.

Time frame dictated by psychology of monetary effects of a trade. There is no rule that dictates 5min, 3min or even 60min.

Say a "noise" for trader A need be a noise for trader B
And "risk" for trader A need be risk for trader B
A "good" profit for trader A need be good profit for trader B
A "right stop" for trader A need be a right stop for trader B

Oh! Let me stop here

Do we need to insert the word not after need???

 

[Sats]

Very Nice Discussion between Smart_Trade and VVVV... I also trying to use the 3-min charts...

Thanks,
Sats.