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5 Multiple Time Frames

| Friday, 26 July 2013
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Robert Krausz's Multiple Time Frames


"Although multiple time frame techniques have become more visible, the most robust approach has been taken by Robert Krausz. To understand the importance of first arriving at a sound theory before implementing and testing a trading program, we need to briefly review the characteristics of performance that indicate a robust method.When testing a trend-following system, we should expect that a trend of 100 days, compared with a trend of 50 days, will produce greater consistency, greater reliability, and proportionally fewer trades. 

As you increase the calculation period, this pattern continues; when you reduce the calculation period this pattern reverses. You are prevented from using very short calculation intervals because slippage and commissions become too large; the longest periods are undesirable because of large equity swings. 

There must be a clear, profitable pattern when plotting returns per trade versus the average holding period.The sophistication in Krausz's work lies in his understanding of this pattern, and its incorporation into the structure of his program, The Fibonacci Trader. Krausz works in three time frames rather than two. Each time frame has a logical purpose and is said to be modeled after Gann's concept that the markets are essentially geometric. 

The shortest time frame is the one in which you will trade, in addition, there are two longer time frames to put each one into proper perspective.The patterns common to time frames are easily compared with fractals; within each time frame is another time frame with very similar patterns, reacting in much the same way. 

You cannot have an hourly chart without a 15-minute chart, because the longer time period is composed of shorter periods; and, if the geometry holds, then characteristics that work in one time frame, such as support and resistance, should work in shorter and longer time frames. Within each time frame there are unique levels of support and resistance; when they converge, increasing stability. In Krausz's work, the relationships between price levels and profit targets are woven with Fibonacci ratios and the principles of Gann.

One primary advantage of using multiple time frames is that you can see a pattern develop sooner. A trend that appears on a weekly chart could have been seen first on the daily chart. The same logic follows for other chart formations. 

Similarly, the application of patterns, such as support and resistance, is the same within each time frame. When a support line appears at about the same level in hourly, daily, and weekly charts, it gains importance.

As a well know trader, Krausz brings more than just three time frames and some unique strategies to the display screen. He endows the program with six rules:


LAWS OF MULTIPLE TIME FRAMES



1. Every time frame has its own structure.

2. The higher time frames overrule the lower time frames.

3. Prices in the lower time frame structure tend to respect the energy points of the higher time frame structure.

4. The energy points of support/resistance created by the higher time frame's vibration (prices) can be validated by the action of lower time periods.

5. The trend created by the next time period enables us to define the tradable trend.

6. What appears to be chaos in one time period can be order in another time period.



Multiple Time Frames

Posted by : Prasad Rao
Date : Friday, 26 July 2013
With 5 comments

14 Data Downloader

| Monday, 15 July 2013
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http://www.4shared.com/rar/HIqMkVCQce/Data_Downloader_with_password.html

This zip file is now password protected.  


Please subscribe and leave a comment with mail id for receiving this Free NSE 1 Min and 5 Min Intraday Data and EOD Data Down loader.  



For Historical NSE 5 Min Data visit : http://prasadbrao.blogspot.in/p/intraday-data.html

Data Downloader

Posted by : Prasad Rao
Date : Monday, 15 July 2013
With 14 comments

48 UTRRC Downloader

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Removed the link - You can download the data directly in ASCII format.


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UTRRC Downloader

Posted by : Prasad Rao
Date :
With 48 comments

1 THANK YOU

| Sunday, 14 July 2013
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Hello Prasad Sir,

  Thanks For being a part of ur blogs.....


                       

THANK YOU

Posted by : Neeta Choudhary
Date : Sunday, 14 July 2013
With 1 comments :

0 Dr Reddys Lab

| Monday, 8 July 2013
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Watch out for the next big move, this week

Dr Reddys Lab

Posted by : Prasad Rao
Date : Monday, 8 July 2013
With 0 comments

0 Power Finance Corp

| Sunday, 7 July 2013
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Power Finance _ Hold

Power Finance Corp

Posted by : Prasad Rao
Date : Sunday, 7 July 2013
With 0 comments

0 Cummins India

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Cummins India - Wait for the right time to enter

Cummins India

Posted by : Prasad Rao
Date :
With 0 comments

0 Cipla Ltd

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Cipla - Momentum

Cipla Ltd

Posted by : Prasad Rao
Date :
With 0 comments

0 Andhra Bank Ltd

| Saturday, 6 July 2013
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Andhra Bank - Positional Call

Andhra Bank Ltd

Posted by : Prasad Rao
Date : Saturday, 6 July 2013
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0 Cipla Ltd

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Cipla may see momentum again

Cipla Ltd

Posted by : Prasad Rao
Date :
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0 SKF India

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Hold for Now

SKF India

Posted by : Prasad Rao
Date :
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0 Sesa Goa

| Monday, 1 July 2013
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Sesa Goa

Crossed its first target.

Next stop 150 - 159

Sesa Goa

Posted by : Prasad Rao
Date : Monday, 1 July 2013
With 0 comments

0 Ranbaxy Labs - Update

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Ranbaxy Labs :: Update (in continuation to my last weeks charts)

Tomorrows move should decide Ranbaxys Move on either sides

Ranbaxy Labs - Update

Posted by : Prasad Rao
Date :
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0 IDBI

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IDBI next stop 75 - 80 - 83

IDBI

Posted by : Prasad Rao
Date :
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0 Sun Pharma

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Sun Pharma gave a super move, but saw some steam go out today. But some steam is still left. 

Sun Pharma

Posted by : Prasad Rao
Date :
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0 Hero Motoco

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Next target 1729 -1739

If u r in stop at this target .. May take a u turn from here .. But signals to be confirmed at that point of time.

Hero Motoco

Posted by : Prasad Rao
Date :
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0 Larsen & Toubro

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LT achieved its target today.

The next major hurdle for LT would be 1495.

Larsen & Toubro

Posted by : Prasad Rao
Date :
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0 Jubilant Foods

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Jubilant Foods was strong on weekly charts.

Crossed it target of 1058 today.

Keep next target as 1094 - 1100.

Jubilant Foods

Posted by : Prasad Rao
Date :
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0 State Bank of India

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State Bank of India showed positive signs on Friday 28th June 2013.

The target of 2020 was achieved today. 

If SBIN crosses 2020 comfortably then a major hurdle would be 2044 which if it crosses then the  next target would be 2094 - 2098.

State Bank of India

Posted by : Prasad Rao
Date :
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