Friday 26 July 2013

Multiple Time Frames






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.



Monday 15 July 2013

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Sunday 14 July 2013

THANK YOU


Hello Prasad Sir,

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


                       

Monday 8 July 2013

Dr Reddys Lab

Watch out for the next big move, this week

Sunday 7 July 2013

Power Finance Corp


Power Finance _ Hold

Cummins India


Cummins India - Wait for the right time to enter

Cipla Ltd


Cipla - Momentum

Saturday 6 July 2013

Andhra Bank Ltd


Andhra Bank - Positional Call

Cipla Ltd


Cipla may see momentum again

SKF India


Hold for Now

Monday 1 July 2013

Sesa Goa


Sesa Goa

Crossed its first target.

Next stop 150 - 159

Ranbaxy Labs - Update


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

Tomorrows move should decide Ranbaxys Move on either sides

IDBI


IDBI next stop 75 - 80 - 83

Sun Pharma


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

Hero Motoco






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.

Larsen & Toubro


LT achieved its target today.

The next major hurdle for LT would be 1495.

Jubilant Foods


Jubilant Foods was strong on weekly charts.

Crossed it target of 1058 today.

Keep next target as 1094 - 1100.

State Bank of India


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.
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