[TheOptionClub.com] Multiple Timeframe Question

 

Guru's,

Appreciate your feedback on following question with multiple timeframe. Also i understand that this question could be more do with personal style of trading, never the less i would appreciate your valuable input.

Lets say if I am trading with 3 timeframe chart (1 hr, 15 min, 5 min)with identical indicators and identical parameters.

1) For Trade entry, should i be using top to bottom approach or bottom to top approach where

Top to bottom - I "focus" on 1 hour chart, and if i want to go long, i wait for Stochastic to rise on 1 hr chart, and then look for 15 min stochastic to rise and if both of true, look at 5 min chart and enter the trade only if stochastic is rising in all of them.

Bottom to top - I "focus" on 5 min chart, and if i want to go long, i wait for Stochastic to rise on 5 min chart, and then look for 15 min stochastic to rise and if both of true, look at 1 hour chart and enter the trade only if stochastic is rising in all of them.

2) For trade exit - Should i be exiting the trade on indicator voilation on long timeframe (1 hr) or short timeframe (5 min) or medium timeframe (15 min)

Best Regards & Happy Trading!!
- Irshad

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