How to trade any future on a daily or longer time frame ?

Hi

What do we have to know to trade a future in any market only on a one day time frame or even on bigger time frames?

How many here ever thought or had the wish to come away from the short time stress trading and move on to pure day time frame trading or longer time frames but have no clues how to do it? and not have the time to spend the whole day in front of the screen to watch there positions but like to make some money with such time frames.

I would like to start a thread about that subject as I have not seen a thread about it. If you have seen a thread in the forum, which really goes for what this thread is meant for, please post the link.

As I posted in my last thread, trading is very much connected to what we think about it, how we feel about it and how we may handle this stress or what ever you call it to be successful. At the moment we start to have our first successful trades, our mind starts to feel positive about it and we start to get on a positive road. At the moment we make constantly money with trading and reach our targets, we feel comfortable with what we trade and we start to believe in our tools.

Jumping from one TA idea to the next doe's not give any results. My last thread was meant to show that in a direct way to those members which jump from one TA thread to the next to may find some thing better as what they use instead of concentrating on what they use and fine tune it.

This thread will not point in that way and this thread again is not meant, that I will serve cooked food and you just watch.

It is meant to share some useful ideas with what ever software or tools, to give an idea how we can trade daily and longer time frames.

When I mean share, I mean that the onces which are interested in that subject can post ideas and the onces which are interested in that ideas can post there comments to it.

Finally we may will have some realistic ideas, which will work for different software types or links and we may will have some strategies, which can be used with each specific type of this different users from this different software and links on the pure daily or longer time frame trading.

Tc

DanPickUp

Dan. Thanks for starting a thread on trading higher frame. In my observation, the swing/position type of trading is under discussed here in TJ. And whatever threads I have seen on daily TF are concentrated on stocks, not on leveraged instruments like futures.

Even, I have not traded futures like that. I daytrade futures and use options, etf, stocks for longer term trades.

Hence, Looking forward for some food for thought.
Happy Trading

i think 315 of tradewithhunter is a beautiful Daily TF strategy

hi Dan

thnx for bringing in this subject.. looking forward to furthar updates frm u...

regards

Hi anuragmunjal and for the onces which are interested in this thread

I will take my time for this thread over the weekend. If you want, post as many questions as you can and let's see, what I can answer.

Amanfree, I had a short look at the thread you suggested. Thanks to post it here. Tradewithhunter has put a lot of efforts in the thread. Hats of for the guy. :thumb:

Tc

DanPickUp

Hello Dan,

I have done some testing on moving average crossovers. Findings are: 'Long only' is better than 'Long & short'. 'Long only' strategy gives us a lower return compared to buy & hold during bull markets. In bear markets it keeps us out of market thus our loss is lower than 'buy & hold'. On the whole it could give us close to 'buy & hold' but with less risk of drawdowns.

My fear is that if I start trading during bear markets, my capital will get reduced.

What is your view on shorting the market using moving average crossovers?

regards

Rajeev

Hi Rajeev

Sorry, that I have not posted here for a long time.

Regarding your question:

MA's are not ideal to trade with as stand alone. Use them in conjunctions to other tools, as MA's show the past. I am clear, that the turtles used MA's heavily, but that system is a dinosaur.

MA's are great to spot trends, but if the market get whipsaw, you are in a fix.

What software or link do you use for your daily charts ?

If you want, we may can work out a system for your way of trading ?

Tc

DanPickUp

1. At present i am using below strategy for swing trading which has some whipsaws. But with patience it works great.

http://www.traderji.com/technical-analysis/30428-shs-315-strategy-how-use-if-effectively.html

2. Market correction strategy works without any whipsaws at least for NIFTY (Not frequently)

http://www.traderji.com/technical-analysis/36825-shs-market-correction-prediction-strategy.html

3. With NR7 setup, we can have some idea what can happen tomorrow

http://www.traderji.com/advanced-trading-strategies/29825-trading-nr7-setup.html

4. With 5 bar analysis we can take decision in intraday (which is sometimes not possible due to job)
http://www.traderji.com/day-trading/30182-how-trade-oscillator.html

5. With BollingerWorm, we can do very good intraday (again intraday) trades.
http://www.traderji.com/day-trading/48558-bollingerworm.html

6. With Demark strategy, not tried yet but seems good strategy.
http://www.traderji.com/technical-analysis/23286-thomas-demark-sequential-system.html

Thanks to TradeWithHunter, AW10, SmartTrade, Raghav, Columbus for all these. :thumb:

How can we avoide whipsaws in 315 strategy, using any other tools, indicators, combination of above strategy?

Hi trade4joisar

Should others now read each one of this threads or how was your post meant ?

I do not meant to read each one of this threads, but just to share what is available & how we can use most of it to have less whipsaws in swing trading.

So need views from seniors.