MY STYLE - BLOG
I had promised to show the impact of using a higher time frame chart during ranging periods. But instead of juggling between charts on different views, here is a method of showing the higher time frame chart on the time line of a lower time frame chart. The example is of 5 minute BankNifty futures shown along with a 1 minute chart of the same chart. Look at what happens on the higher time frame chart during ranging periods. Mini trends can be observed in the higher time frame that are not visible in the lower time frame. Now think of combining such charts so that you switch on and off higher time frame at will. Imagine the possibilities. Thats innovation at work at TradeWithMe. (click on any image to see a larger view).
Now, if you thought that was neat, here is the combined chart...
You can clearly now see a small ripple with two troughs, which then moves on to be part of the larger uptrend. This innovation may be small, but look at charts when in a trend. Its possible to stay stickily within the trend. See below the chart for October 9 2013
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Abnash Singh, Am a Trader helping small traders to realize their dreams.