One Reason Why I prefer 30 mins over an hrly.. Power of 30's Today...

             One Reason Why I prefer 30 mins over an hrly.. Power of 30's Today...

30 mins on EUR / GU and AUD ......
Some interesting layouts... The reason I prefer 30 mins is that it ends up letting u know in advance what to expect on bigger TF.
It is more of an advance warning system for the PA... At times; it can help you determine what to expect b4 it can even be displayed on charts.. Though at times it can indeed be tricky with a lame price action; but still for me it helps me to position myself in advance on anticipation what to expect.. If I think I be on the wrong side; I won't hesitate to cut it off and take a reverse position....

Anyways 30 mins charts and I think we may see some dips on the majors initially but later sessions looks to be bullish on these pairs..
Euro perhaps will hold out better than other majors initially..

GL..                 

Views: 214

Comment by talisman on September 1, 2013 at 6:38pm

that is an interesting point of view.  if we extend the logic we could apply it progressevily down to the tick chart if we wanted to.  why do you think that this particular time frame comparison and potential lead of information might be better than saying the same thing between a 15 min and a thirty minute for instance ? or would you be of the opinion that that comnparison and potential lead of information is valid as well?

Comment by Tahir Khan on September 1, 2013 at 7:30pm

Valid point raised.

To begin with the bigger the time frame the better it is.. Something I consider as noises. smaller the time frame more noise it contains. Look at the release of data. Usually at even hr or hr:30mins. I'm saying for the main hitting data's.

Now been a tech trader and a chartist primarily; I have found that 30 mins is the best time frame you can chart on that goes sync with the main TF chart which is the 4 or the 8 hrs.

tick chart or 5 mins and 15 still end up carrying noises.. 30 mins does as well but overall it is still a better pick on a shorter time interval.

You may have seen many of my charts; but hardly a 15 mins.. Most use hrly but what divides the hrly is also a 30 mins chart.. 

Most imp the smoothness I can get on a 30 mins is not there on 15 or lower.. Entries are still in focus to the 4 or 8 hrs but 30 mins will let you know how good or well you are position for the tgt derived from the 4 or 8 hrs...

Last but not the least; you have seen the 30 mins I posted...... What you think of the layouts... 

GL...

Comment by G Singh on September 2, 2013 at 6:43am

Hey Tahir, nice work with the charts. Do you use any overbought or oversold indicators on the 30 min TF for entry/exit? Or you just prefer to sell/buy at top/bottom of the trendlines? 

Comment by Tahir Khan on September 2, 2013 at 8:21am

Nothing beside the TL plays.. Simpler the better is the slogan.. when you have 4 or 8 hrs showing bigger picture smaller TF are just letting you know how good ur position is place in... or where to add or take some in b.w profits...

GL..

Comment by talisman on September 2, 2013 at 3:32pm

I have always liked your charts, your explanation of excessive noise making charts below 30 min not smooth enough and there fore unreliable is very reasonable

Comment by Tahir Khan on September 2, 2013 at 8:58pm

Thnx..........  I feel strongly on it as well..

GL..

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