On your last live session, I saw that you used the 144 min chart for AutoUFO & fell back on to a weekly AutoClimate chart for a conducive & sustainable directional movement. I believe this is for swing trading. What setting should a day trader use? (someone who trades for the first 1-1.5 hrs of market open). I tried the 5 min AutoUFO with various settings of AutoClimate like 15 & 30 min but didn’t get very supportive entry points. If I wait for the big blue dot on a long trade, I miss a significant move. What fractal-ratio do you recommend on a AutoClimate chart for a 5 min or a 1 min AutoUFO chart?
You are definitely correct that the real power comes from combining the 2 charts – it puts more odds in our favour for sure 🙂
If you are looking to use UFOs for your entry on 5 minute charts, then we would usually be using the 60 minute for our Auto-Climate & 9-EMA. The more sessions you watch by tradewithufos, the more the strategy will make sense 🙂
You can of course try different time-frames, but always back-test to check that the combination your trying is likely to work for you before simply trying it live
As we progress in the sessions, I will look for smaller time-frame opportunities from time to time, but you can also try checking out some of my colleagues on their Futures sessions, they will mainly cover day trading approaches there