Best Timeframe Templates

[dsteele]

Is there a preferred setting for timeframes to produce the most accurate stochastics results, for example the stochastics looks different if your timeframe is set to 24 hours vs day trade hours of 9:30am to 4:00pm vs or pre-market and after market times like - 8:30am to 6:00pm..

So my question is, which is the most accurate timeframe template to use for intraday trading in 1min, 3min, 13min, and 60min charts, does it differ between e-mini futures vs stocks, as futures are 24 hr based...?

Thanks

[Steve Griffiths]

Hi,

May I please ask - why are you asking about Stochasitics ? This is not part of the MTP automatic Ts1, TS2 and Ts3 trade set-ups ?

Steve

[dsteele]

Its a general question, I use additional indicators with the MTP setups as additional confirmation signals...

Thanks,

Doug

[Steve Griffiths]

Hi Doug,

If you follow my daily report, you will see the main time frames I use for the differnet markets.

My main advice is not to go too short in markets that cannot take it...........

Steve

[Matt Bowen]

Hi Doug,

I would not put too much effort on which time frame is the best because the only way you can truely know the answer to that is to run optimization tables on every single time frame and then you get your answer.

But then you have a bigger problem...

Those results that you just found will tell you only what worked best in the past...not in the future. This is why back in the 1980's and 1990's all the system selling vendors who optimized the hell out their results had to put diclaimers at the bottom of the results and they would say: past performance is not necessarily indicative of future results.. or All TRADING involves high risk and YOU can LOSE a substantial amount of money, no matter what method you use. All trading involves high risk

The real issue here Doug is what time frame are you comfortable trading? When you are able to answer this you are really defining your risk tolerance. Some people ask me why I don't trade "tick charts" on the E-minis my standard response is I don't need to get that close to the markets... I don't want to feel like I need to pop a XANAX (Xanax is medication for treatment of panic disorders) just so I can trade on smaller time frames. Trading is a very personal thing...you have to do what you are comfortable doing on your own. Don't try to keep up with Tom, Dick and Harry... what they use may work for them but it might not work for you.

I know some traders who try and trade stock, forex and options ALL AT THE SAME TIME and I'm like that's just nuts... don't end up like this guy:

http://www.mtptrader.com/stop.gif