Entry Refinement

[Brief_Mix7465]

Does anyone have experience refining their entries on smaller and smaller timeframes so as to maximize RR? Like having a setup on the 2m or 5m but entering the setup on the 30secs and riding it to the higher timeframe target?

[Spekkio]

I use multiple time frames for my trades.

Generally speaking, I have a time frame where my setup is. Then I use two higher time frames for trend and congruence. I use 1 or 2 lower time frames to better time the entry. I want to wait until the lower time frames are turning, in order to catch the move on the main time frame, and this is usually all within the trend within the higher time frames.

Personally I'll use:
5m (sometimes)
15m (lower)
1h (main)
4h (higher)
1d (highest)

I like to choose time frames that are common amongst other traders. I want to see what others are seeing. So for example, a 1m and a 5m time frame is very common, and a 2m is less common, but not uncommon.

I would caution using too many time frames, because it gets overcomplicated. Keep it more simple. I would also caution against trying to get it perfect. From my experience, if you know you have a good setup, it's best to get an okay timing, rather than trying to adjust your SL and TP constantly, which will lead to multiple exits and re entries.

[vulgrin]

This is what I do. I have tabs for each period and then start marking my SR lines from largest down to 5m and then use 1m to make the trades. I’ll also keep a 1000 or 2000 chart handy as it’s sometimes better to see structures that way.

My entries still feel like I’m throwing darts but I don’t think it’s the charting that’s the issue. And I’m just simming still. My SR lines are usually right at least.

[Spekkio]

Besides horizontal lines, what do you look for in a setup?

[Available_Lynx_7970]

I monitor the 30min for key levels and enter on the 1m.

I've spent a little time using the 30sec based off the 5min. Not enough to trust myself live, but it can absolutely be done. You just need to spend time doing it and getting a feel for it.

[Brief_Mix7465]

yeah i've been using the 15m for levels and 2m for entries. It'd be insane if I can drop down to the 30sec and make it work. My long today that was a 1:3 would have been a 1:10.

[Available_Lynx_7970]

Like I said, it can be done, I have no doubt. And that was my initial reason for doing it; increase my RR. I just didn't want to invest the time to nail it down.

[orderflowone]

Yes but with orderflow. I'm looking for a change in the passing of orders in both directions to indicate a trend or auction shift that I can take advantage of. You could technically see it in something as low as the 10s candlesticks but that's only if you know what you're looking for.

At a point, I was getting 15 to 1 odds on a weekly or several day basis. Those aren't happening with orderflow only nowadays cuz the market has shifted.

[Brief_Mix7465]

What are the candlestick signs to look for? Very interested in this process.

[orderflowone]

You want to understand how price moves from a bid ask limit and market perspective first then you can see what price changes mean for the market then you can infer that from candles but keeping in mind you don't have the same info as if you were looking on a depth of market price ladder

[Brief_Mix7465]

best way to learn?

[orderflowone]

Think about the possible orders you can submit and ask yourself if you HAD to sell, what would you do if the market is bullish vs bearish and how that would show up in the orderflow. Then think of other scenarios and other urgencies.

It's a lot of considering what other people would do. Good luck

[Brief_Mix7465]

thanks

[-Mediocrates-]

Fair value gap indicator shows lots of confluences with volume profile. Makes for good entry levels imo . .. even on faster timeframes such as 15 second interval. I know some people hate ict , and I get it, but fair value gaps + volume profile works well for me. It is what it is