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Old 04-15-2008, 08:58 AM
Jocelyn Jocelyn is offline
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Join Date: Oct 2007
Location: United States
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Very good question!

Usually yes, we will manage the position on the timeframe from which it originated.

I say usually, because there will be occasions when we need to be flexible & drop down or scale up a timeframe to locate an appropriate technical level to hide stops or locate a stop order to compound a move.

Obviously, that flexible & discretionary type of activity is always dictated by the market. We don't subscribe to the usual rigid or inefficient methods of pre-determining risk-reward ratios. Markets simply don't operate that way

For instance: we might have executed an order on the 4 hour frame, but need to drop down to the 1 hour reference to slim down an appropriate technical zone to hide a stop. Same when going up the scale from say a 4 hour to the Daily in search of a level to guage a (forward) potential supply-demand zone.

It’s extremely rare however that we’ll wander too far from our template frame to manage a position.

Slightly different for intraday trading, but then that’s a whole other kettle of fish altogether.

Last edited by Jocelyn; 04-15-2008 at 09:01 AM.
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