Senin, 13 Desember 2010

Longer Time Frame Trading

As I said in earlier posts, I do some longer term trading with pairs and options. The methodology I use is very similar to my day trading, except that I usually only need to look at the trades once a day.

Today's chart is an example from the Gold market. It's a daily chart, but if I had cut off the information that gave away the time frame, it could just as easily have been an intra day one.


I just keep it simple, add proper money management to a high win rate and it all comes together. Again, I need different bits of information in my picture and then the order flow tells it all. The Market Profile adds the context and in the longer daily time frames, it adds the "volume" component.

These longer time frames can be traded with futures out right, options, option spreads, ETFs and options on ETFs. We are spoiled for choice for instruments and can choose the one(s) that best suit our financial objectives.

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