What time frame do you use to determine where the market stands?
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- Опубликовано: 4 янв 2015
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What time frame do you use to determine where the market stands?
Francis Hunt, a technical analysis trader and coach comments
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How many markets do you follow? Tell me more about predicting price direction and its importance in your trading style. What is the most important part of your strategy during a regular trading day? What do you feel are some of the advantages of following a tested strategy?
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Daily for trend, 4h for pattern, 1h for timing entry and exit. That's what i also found the most convenient to use as well.
This is are the type of people you can refer to as expert or great trader sharing from their wealth of experience, and a struggling trader will benefit immensely by listening to all the video for this interview over and over again.
I'd say the best set of videos that I've found so far. I can see why he's successful at it. Almost no emotion in his explanations. Just facts.
In short he’s trying to say use 1 time frame for direction and lower time frame for entry for example look at 4h to see the direction of market and us 1h to enter tht trade
If you are still looking at this honest trader you are very lucky
I could listen and listen this guy...
eGidukasGP agree, the way he speaks and Logically explains things is compelling to make you want to be a listener. 👑
This is what true trading insight and experience sounds like!
great video, all professional traders have a lot in common, i think those are the things that separate them from the rest.. i will never stop learning, i know i will get there..
One of the best traders out there !
This is an extremely useful video, as he is explaining the practical core aspects of his trading strategy. For any noobs out there that did not understand, he's talking about trend trading. He illustrates with 3 chart timeframes, Daily, 240min and 1 hour. He identifies his general trend with the weekly and daily charts, then checks price action on the lower time frames. So price may pullback or retrace on a smaller timeframe like the 1 hour. Then you place your pending order/entry order and wait for price to come to you. Hopefully, the price should execute your and then take you back in the direction of the larger trend.
Of course, you should confirm this with your offline chart analysis. Patterns, your levels (trend lines), Fibonacci or key indicators like the RSI or Ichimoku.
Just listening to him in this video makes me feels like what this gentleman has said is equivalent of thousands of videos I have watched so far which are posted out there to gather some thing worth full.
This guy is too smart, he doesn’t miss a single word
This guy just used Isaac Newton's law of motion on price movement. O.O
Every video of this guy adds some knowledge to me..learning is part of life. Thanks for explaining in simple language.
thanks for UKspreadbetting their effort on catching and sharing the ideas of experts.
Just a beginner, but I ❤️ charting and getting into the technical aspect of trading. Listening to this guy break things down gives me a rush!!
Best video of the series. Great words of advice. Especially the ending.
with pending orders, I find it works quite well to trade reversals. that way you can place it where the price has to go for it to count as a reversal.
It's still relevant to this day for a Crypto trader. Thank you for sharing your knowledge and experience Francis
you cant get what you want until you define it. word!
Francis Hunt and Elon musk inspire me as a fellow South African
6 years later and still valid 💫
Great video series. Must watch
That is great, thank you
Proudly South African, great videos!
Great info! Thank you for your time.
When you care more in how to manage drawdown of active trade in progress, instead of giving importance in making profits, then you start understanding what the trade is about. You start understanding the importance of time-frame, the size of each partial bet to place (position trade) vis-à-vis your capital size, and how long you should wait out or in to enter or to exit a trade; how and when to pyramid your position, and then, loses and profits will behave as you expect to behave and you can keep your emotion totally out of equation. Drawdown oriented trade with correct risk management are what you should focus on for a higher probability trade. Temporary losses (pullbacks) during a trade are natural outcomes to manage. Nobody can avoid pullback losses; but how you handle pullback losses make all the difference I share my above belief with you based on my experience in trade.
You sounds very knowledgeable. What resources would you recommend to a beginner trader? I've started a virtual account on eToro and I am keen to learn properly how markets behave and how to construct one's strategy.
k. g First thing is that there is no one instrument (fundamental or technical) that will allow you to say what will be the next market move. Therefore the best for you if you are a chart trader is to trade with longer time frame (daily, weekly, etc). Of course do not expect to start winning money from the very starting of enter position but you should be sure that there is a trend (long trend) and you are trading in direction of this trend. In order not to stress with 1, 2 days of price going against you, you should place a amount that you can afford to see the loss without affecting you. If you are correct, the trade will be in your side after some days (or weeks) and you will know that. It is the time to increase your bet increasing lots to your previous one. Then you should know where to exit by taking profit in the coming days (or weeks). There is a lot more to write to you but it is not possible to give you my +15 years of trading experience. In order to have a instantaneous view of market move in your chart, trace several EMA (exponencial moving average) curves using Fibonacci numbers (3, 5, 8, 13, 21, 34, etc). Shorter the time frame bigger the EMAS to use. Hope it will be useful. Bye.
Takashi Murakami Thank you for your reply. Yes, I've started a demo account and first I was stressing too much looking at short-term changes:-) Now I have some demo trades open that are more weekly/monthly, like a short for SPX500 that I opened in mid-Dec and that is working well. I think soon I will be ready to put some cash on it, but not too much, just play money.
I like what you say about testing the waters with a tentative amount and then adding on. Makes sense. I need to read up about EMA curves, I don't know what they are. Thank you again!
Any platform as MT4 for example has specific to trace any kind of "study" like MACD, average, etc. So go there and find MA and select exponential ones. The "testing very small lot" will serve you to not place stop-loss when you are trading in real money against money market brokers because they are going to trade against you. It is like playing poker showing your card to opponent. Trade with broker house that charges commission but do not trade against you. Good trade, and remember: trading activity is not exciting, it is boring. If you want excitement go to cassino.
very detailed and thorough strategy, thank you
now, this is some real teaching.
Incredible information.
So much great information, wow
his approach to time frame really lights a lightbulb over my head.
love these videos by Francis (aka the hitman of trading-- he's kind of like a hitman if you think about it). Lots of preparation, getting to know your subject, then execution, lol.). You can tell this guy is an extremely high level thinker. This isn't guess work. Prepare in advance so you are ready when the moment comes.
Thanks for this insight and knowledge. This person know his field and he is very knowledgeable and experienced trader. 🙏🙏🙏🎉
All logic no emotion. I like this explanation
Wow, great information
Thanks for this great video, way that you explain all this I found where I'm making mistake
wow. that surgery analogy was Excellent! 🔥🔥
Great stuff
Great info. Thanks.
I still believe you need to work out most things on your own. I would blow up my accounts over the past 8 years. Until,i found my own way of trading,especially Indices. It's only now that i have finally worked it out , that i've noticed every thing Francis says makes sense and is basically the way i trade anyway. One thing i don't get about people like Francis Hunt. Why would you bother trying to make money teaching people what you know.When you are capable of making as much money as you want trading? i know for a fact,i would NOT tell anybody the way i trade at any price!!
please put subtitles on youtube, so we can translate and follow the content. I've seen other videos and they're excellent. hugs from Brazil
this man is amazing!
insightful video
Lovely jobly, this confirm that am doing something right.
This is exactly what I've been telling people from the start. And I was never a trader..
I like someone who talks about negative side of forex
He changed my view on trading and it helped me so much.
LOVE that man. Thank you for sharing your knowledge. YOU TOO RUclipsR for making this video.
2:59.Great time frame advice.
Love it .
This guy is really a great trader
I check the weekly. use the daily trend for possible positions, enter on the 8 hr which is unusual but quite effective.
Great video
very great
please let me say thanks that makes sense that's a great idea you're right! Tell me more what happened next thank you very much.
Sir, you have my trading style.
hell yeah multiple time frames is the holy grail of trading. extreme risk:reward with ruthless precision
Thank you spreadbetting, There is so much value in these videos.
I Like... Seen Many but you speak with knowledge and true conviction. There is something in your voice that depicts genuine.
Nice work. :-)
This guy is brilliant
i look on 15minut time frame, and for a entry on 5minut and only wait and chase volatility
Great video. Is there a link for the full interview?
Intelligent dude!
I think what he demonstrates here is a disciplined patience. You simply can'not chase a trade. The daily TF says it all in.my opinion hourly for execution. Gets rid of the noise the smaller ti.e frames deliver. But his a analysis comments is spot on.
Great man Great rules
This man is official.
Very valuable ,precious gems he is sharing .. ❤️ ... What's the name of this person??
He just talked me out of market order entries for the rest of my trading career. For however long it last....LOL
I find it interesting that there is approximately 10% views in this video compared to first video. You either want this knowledge or you don't.
Thanks!
thanks.
very true..
Thank you mr. Hunt.
Highly intelligent individual here.
i agree. The dumbest thing a lot of people can do is try to catch a falling knife.
If they caught it, it was probably just dumb luck. Why try
how is quarter timeframe of daily 4 hourly? oughtn't be 6 hourly/
This is gold
This is my yoga teacher if he was a trader
In other words use Elders Multiple screen system
2020 👀👀
rerating interesting choice of words there
The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
Keep it tight, keep it close, smooth scalp helps - no mention of channels despite all markets form channel patterns. Never leave your screen saver on when trading. Mechanical mistake.
How is trading different from gambling?
He’s a veteran period
This dude is the Johnny Sins of Trading.
he sounds just like stuart wilde,
I agree on everything excpt trading Reversal.... I thnk trading reversal is great and indirectly makes you 'not catching' d market
After learning Forex, i just want to stick listening to these matured traders with sense. Not all these fake traders who says "how i turned 50 dollar account to 5000 dollars. Those stuff are lie
What is this guys name?
This is gold 7:29
;)
Warren Buffet doesn't spread bet..
He trades price, value and future profits from well researched profitable company stocks.
One question if anyone could clear my doubt.
When someone says that 90% of the traders don't make money , are those traders the ones who use stop losses?
I trade in Equities without stop losses with my own money. After placing order If the price goes down i am still ok and i dont cut loses and when the market heads up after few days i make profit. So i dont eventually loose. So will I be counted in above 90% who fail or 10% who win or in neither of the two categories.
6.56...I laughed so hard. Needed to hear that to stop swimming upstream to the mountain....let me try swimming down to the beach
What does it matter, look at all time frames and draw out your analysis... People make trading so much more complicated than it needs to be... "Which time frame should
I watch to get an idea of the direction... Oh god idk what to do!"... People who ask silly questions like this shouldn't even be trading imho. Just look at the damn chart, take notes, mark it up, make predictions for and against your bias.
Like duh, higher time frames for general direction and strength, lower timeframe for trade entry signals, lowest time frames for sniping the entry. This question just really bothers me for some reason, because this is the issue with trading education. This is nothing against the man being interviewed, he is a genius. It's the question itself that bothers me.
Gold Nuggets he is putting out
तकनीकी विश्लेषण (technical analysis) सबसे बड़ा धोखा है, हर बाजार में एकमात्र सच्चा संकेतक बाजार की गहराई(Market Depth) है। लेकिन बाजार की गहराई ( Best 5 Bid and Ask) से निर्णय लेना बहुत चुनौतीपूर्ण है और इसके लिए बहुत अनुभव की आवश्यकता होती है।
Agent47 is a daytrader by day 😂 💀
We're talking about laws of physics, the solar system, fruit flies and surgeries.....I've been trading wrong apparently.