Jun

6

Recently I have been discussing lengthening my time horizons with my mentor and was tickled to find this post by GM Davies while perusing other blogs by people who post to Daily Spec. I am definitely one who is seduced by instant gratification and it is difficult for me to sit on a position for any length of time unless my indicators are emphatic about it. One evening after pondering over the theory of ever changing cycles and this post from Mr. Sogi, I found myself looking at all sorts of time intervals in charts to find the structures/setups that I prefer to trade. Lo and behold I have found that many times when a setup I like to trade is not evident in my usual time frames, if I dig a bit and look at odd frames such as one or four minute bar charts instead of two or three, or, say, 34 tick charts instead of 50, 25 or 10, then indications that were invisible in the "normal" or default charts tend to jump out at me. The same thing happens when I look at larger time frames.

One of the beautiful things about the charting tools I use is that they are flexible in this regard and allow me to be creative. Tracking down the cycle that is currently in play is a lot of work but has proven profitable. Kudos to Mr. Sogi and GM Davies for getting me thinking. Kudos to Chair for providing outlet for this incredibly diverse effusion of ideas, and for many other things not least of which is being a tremendous inspiration.


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