hey tc..... let me answer here..... first, and most important trading is not a cake walk for me...... really hope it does appear that way ......
what happens in vegas stays in vegas...... what i said in forex stays in forex...... too much to mention, in time you will see...... forex is different than futures....... it's plants and animals different......
//-----
as far as the timeframes, remember forget anything i said in forex.......
think of the
average length and minimum maximum price excursion...... think of
counts...... think of
if...... think of
then....... think of
drawdown.....
in futures, using the smallest mes or mnq contract size, if your short and the 1 minute stochastic turns up, how much will your drawdown be before it turns down......
in futures, using the smallest contract size, if your short and the 1 minute alma turns up, how much will your drawdown be before it turns down......
in futures, using the smallest contract size, if your short and the 1 minute hma turns up, how much will your drawdown be before it turns down......
and on and on......
think of counts....... think of how many bars it might move against you and the cost......
if you look at some of the charts, the center band bordered with yellow lines is the 1 minute...... as you progress up and down, those are the 5 , 15, 30, 60 and 240 i think...... so if you were selling it might be best of the higher timeframes were magenta...... but even if they were magenta, think of the possible drawdown with a 1 minute countertrend....
imagine being long with outer bands lime and the center 1 minute group turns magenta....... notice the price drop......
even a single micro contract can have 200$ or 300$ drawdown.....
futures traders often speak of targets of 3 or 4 ticks...... that might be a couple seconds.... couple minutes......
you should know the average count for every indicator...... you should know the atr for every timeframe...... multiply the 2.......
trade accordingly........h
//-----
