Trading Time Frames

Trading across multiple-time frames must be one of the hardest things to do as a trader. Many I know have chosen to avoid this completely while others wait patiently until all time frames correlate with their general read, which sometimes can take weeks if not months depending on the various time frames in question.

Some struggle with the volatility of the tape, while others struggle with a psychological bias. At present I am struggling with the different pictures on different time frames. Currently I have trades on both sides of this argument taking index shorts against the weekly pattern while playing daily longs as they setup. The net gain has been a whole bunch of nothing which is making me ask the question if the different trades are worth it or if it would have been better to simply wait for one picture to resolve itself and correlate with the other. In hindsight this certainly sounds like it would have been the smarter play.

—Patience is never fun but until we have some solid resolution I still believe it to be the best play.

There’s that ‘P’ word again…