Tuesday, January 20, 2009
Timeframes
Continuing on my previous post on timeframes, I have found momentum trading to be the most profitable and easy to trade. By having a timeframe of few days to a few weeks it is easy to spot and ride a trend even in these volatile markets. What may appear rangebound and directionless to someone with a longer timeframe will appear trending to someone with a smaller timeframe. It takes many hours (more likely years) of research and backtesting to arrive at the correct timeframe. But once you arrive at your sweet spot, its a smooth ride.
Labels:
backtesting,
momentum,
Nifty,
technical analysis,
timeframe
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