Any long term strugglers out there?

[KDASFTG]

"you are probably the only person in the world who thinks its easier to spot a trend on the lower time frames."

Greetings,

In my opinion, I do not believe that finding a trend on a lower timeframe chart is any more difficult than finding a trend on a higher timeframe chart,...or on any chart for that matter. In my opinion, a chart, is a chart, is a chart. I believe the truth of the matter is, that if you were to remove the horizontal and vertical side scales from any chart, one would honestly be hard pressed to tell what timeframe the chart really is, or whether the chart was even upside down. To my understanding, the principles of price structure are homogeneous and fractal in nature, throughout all timeframes, and even if the chart is upside down.

However, I am keenly interested in learning the reasoning and the technical premise behind the statement made by Trickshot. I am open to new ideas, and I am not afraid to learn something new, because that is why I am here on ET.

KDASFTG

 

[Morphiii]

Never knew a person who could make money day in and day out daytrading reading charts alone. You have to be able to read the tape and take a longer time frame view to maximize your winners.

 

[fxwannaB]

if you were to remove the horizontal and vertical side scales from any chart, one would honestly be hard pressed to tell what timeframe the chart really is KDASFTG

interesting.. and may be true

 

[Viperace]

This is some equity chart rotated 180 degree isn't it (looks like daily but maybe not)?

Rotated daily EQ chart != Original, ups and downs are obvious asymmetry.

 

[fxwannaB]

This is some equity chart rotated 180 degree isn't it (looks like daily but maybe not)?

Rotated daily EQ chart != Original, ups and downs are obvious asymmetry.

i get it, the gap between the close of a candle and open of the next says it's not an intraday chart... but what makes you think the chart is upside down ?

 

[Viperace]

Market perspective:
Few large red bar, many small white bars. Typical equity movement

Cheating perspective:
Usually down is colored red =D

 

[fxwannaB]

Market perspective:
Few large red bar, many small white bars. Typical equity movement

Cheating perspective:
Usually down is colored red =D

Ok it's an equity and daily chart.. sorry for being dense but... how can you tell it's flipped 180 degrees ? looks like normal price action to me... up candles are white, down candles are red.. the flow looks normal,typical..

 

[Turveyd]

"you are probably the only person in the world who thinks its easier to spot a trend on the lower time frames."

Greetings,

In my opinion, I do not believe that finding a trend on a lower timeframe chart is any more difficult than finding a trend on a higher timeframe chart,...or on any chart for that matter. In my opinion, a chart, is a chart, is a chart. I believe the truth of the matter is, that if you were to remove the horizontal and vertical side scales from any chart, one would honestly be hard pressed to tell what timeframe the chart really is, or whether the chart was even upside down. To my understanding, the principles of price structure are homogeneous and fractal in nature, throughout all timeframes, and even if the chart is upside down.

However, I am keenly interested in learning the reasoning and the technical premise behind the statement made by Trickshot. I am open to new ideas, and I am not afraid to learn something new, because that is why I am here on ET.

KDASFTG

As 1 Min trader, I agree, if anything it's easier, just cause it might only move 20pips doesn't make it harder, especially when your more than happy with 20pips.

We proved on another thread, most of us including me can't tell the difference on historic charts, trading them live is totally different though ofcourse.

I'm reaching in and taking money from the cookie jar, where as longer term is more set a SL and a TP and wait and see what happens, the bigger the SL and TP the more your opening yourself to randomness and most of the time your original reason for taking the trade isn't valid any more, so it comes down to just pure luck there gamble therefore not for me. ( vaguely influenced with longer term trend, but that's it, get a Ukraine event and it's 50/50 as to which way the market moves )

2 negative trading days in the last 2months, a -3 and -10pts LOL

They think it, because they have been told it so there repeating it, nothing more, scalp on!!

 

[Pekelo]

When I hear stats like this (and i've heard them before) it starts to sound like a lottery.

Lottery is a bad analogy. The correct one is pro cardplayers. You see, lottery is pure luck, poker and black jack are skill games over the long run.
Now how many people can make a living (not just be in the green in any given year) by playing cards? The stats are probably comparable, and it is easier to open a broker account than to travel from tournament to tournament, thus the cost of entry is less....

 

[Surprise]

As 1 Min trader, I agree, if anything it's easier, just cause it might only move 20pips doesn't make it harder, especially when your more than happy with 20pips.

We proved on another thread, most of us including me can't tell the difference on historic charts, trading them live is totally different though ofcourse.

I'm reaching in and taking money from the cookie jar, where as longer term is more set a SL and a TP and wait and see what happens, the bigger the SL and TP the more your opening yourself to randomness and most of the time your original reason for taking the trade isn't valid any more, so it comes down to just pure luck there gamble therefore not for me. ( vaguely influenced with longer term trend, but that's it, get a Ukraine event and it's 50/50 as to which way the market moves )

2 negative trading days in the last 2months, a -3 and -10pts LOL

They think it, because they have been told it so there repeating it, nothing more, scalp on!!

If long term is random then rest assured short term is more random .
The difference between long and short timeframes is the noise in short term time frames - BTW nothing wrong with short term trading - , and the second thing is the costs/ATR . In short time frames the costs % wise are huge and much more than longer time frames costs .
YM 5 min ATR is around 8 points , however the ATR for 4H is around 60 .
So the costs should be : 2 points/8 = 25% for the 5 min chart and 2/60 = 3.3% for the 4H .

ROFL