Quote:
Originally Posted by beto1
Hi, I have been learning the system and so far I can say that It is very interesting, I really do not see it as very complicated, I better say that you only have to follow very carefully the general instructions, only I have had a tough time finding opportunities, I think that maybe I am looking into very long time frames, maybe I better try at 5, min, 15 min or 1 hour minutes?
Any advise about looking for more trading opportunities with this system?
I have a lot of time for trading that is why I am asking your opinion about smaller time frames.
Thanks in advance for your comments
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Hi beto1,
I do have a suggestion in the ebook that is to start out at fast timeframes which will give you more frequent usage and therefore experience using the tools. Now the frequency running in the wave may force you outside that fast speed but you will still find the most current opportunities that way. The procedures and tools of course will take you to where the frequency does coincide with your analysis.
I think that pretty much that suggestion gets ignored and there is a reason for that. The normal viewpoint of technical analysis is that of a scalping approach in reality. Just pick a timeframe and whatever set of favorite indicator combo you like and have at it.
The timeframe is artificial to start with as it has nothing to do with the wave except when the wave is also at the same frequency. By this I am refering to an approach I have used for over 6 years which is to adapt timeframes to Fibonacci Timeframes with adaptations of indicators. If you match the speed of waves you will see a whole other dimension but that is not what you need do to use the system.
The main reason that the timeframe selection is often too large at first is that the system uses the supertrade format so a 15 minute timeframe with certain formations can take a month to complete the supertrade. Now at other formations it may be more in line with what most associate with the 15 minute which is a fairly fast timeframe.
So start with fast settings and let the formation and tools take you out to their own fastest running speed. If you have more specific questions I will gladly answer them via email at support -at- supertradesystem -dot- -com-.
Cheers,
Cyclon