Day trading is losers game

Fireplace · May 23, 2011

I'm totally with you on this....100% agree

Quote from cornixforex:

All depends on which signals you observe. For me your statement is not true. Signals on all timeframes have equal relative edge, provided volatility is high enough to give trade room for a movement.

stock777 · May 23, 2011

Now we know why neenster posts from a private Island, surrounded by half naked native women. or men, not too sure about that ;-)

Imagine how many hits et would get if instead of the usual horseshit, trades like this hit the board with regularity.

I'm holding my breath.

flyingiguana · May 24, 2011

Quote from cornixforex:

All depends on which signals you observe. For me your statement is not true. Signals on all timeframes have equal relative edge, provided volatility is high enough to give trade room for a movement.

doesn't really matter what signals you use. a 1 min chart will give off a larger number of possible entries than say a daily chart. there's more erratic movement on lower timeframes.

cornix · May 24, 2011

Quote from flyingiguana:

doesn't really matter what signals you use. a 1 min chart will give off a larger number of possible entries than say a daily chart. there's more erratic movement on lower timeframes.

Not larger number of signals in relation to sample number of bars, absolutely not. The only problem with low timeframes can be, when volatility is too low and signal has not enough room for a movement to be worth taking it.

flyingiguana · May 24, 2011

Quote from cornixforex:

Not larger number of signals in relation to sample number of bars, absolutely not. The only problem with low timeframes can be, when volatility is too low and signal has not enough room for a movement to be worth taking it.

intraday trading vs longer-term trading results in a much larger pool of potential trades. it really shouldn't even be a debate. even factoring in the amount of bars. the data is smoothed out a lot more on daily and weekly charts.

cornix · May 25, 2011

Quote from flyingiguana:

intraday trading vs longer-term trading results in a much larger pool of potential trades. it really shouldn't even be a debate. even factoring in the amount of bars. the data is smoothed out a lot more on daily and weekly charts.

I have nothing against you thinking so.

As for me, relative to the time amount, amount of trades on smaller time-frames is larger indeed. Relative to the sample number of bars, no, if the market is volatile enough, it is not even always possible to distinguish the time-frame if you hide the time and price scale.

oilfxpro · May 25, 2011

Quote from cornixforex:

I have nothing against you thinking so.

As for me, relative to the time amount, amount of trades on smaller time-frames is larger indeed. Relative to the sample number of bars, no, if the market is volatile enough, it is not even always possible to distinguish the time-frame if you hide the time and price scale.

Only a genius can trade gushing wind and see trends and use 5 tick stops.Great signals you have in kung fu trading.

It is more profitable in fast high volatility with 40 t0 50 pip bars on 15 m, and there no clear trendlines or set ups !

and the old addage on genuises applies

cornix · May 25, 2011

LOL, I am far from thinking I am any close to being genius.

Just some common sense used, fine tuned entry on small time frame within the context of bigger one.

Very simple really, if you invest some of your time into watching a few time frames simultaneously.

flyingiguana · May 25, 2011

Quote from cornixforex:

I have nothing against you thinking so.

As for me, relative to the time amount, amount of trades on smaller time-frames is larger indeed. Relative to the sample number of bars, no, if the market is volatile enough, it is not even always possible to distinguish the time-frame if you hide the time and price scale.

i'm sure you can find a subset of data where this is true, but over a full year it is not the case. my setups use oscillators on multiple timeframes. i've found the lower timeframes to be almost a random walk a large % of the time (large enough to make the risk/return not worth the effort).

given the choice between trading a 4 hour chart on multiple currency pairs vs trading a lower timeframe on one pair, i'd gladly go with the higher timeframes across multiple pairs for the same # of entries. less bs moves and cleaner charts.

cornix · May 25, 2011

Quote from flyingiguana:

i'm sure you can find a subset of data where this is true, but over a full year it is not the case. my setups use oscillators on multiple timeframes. i've found the lower timeframes to be almost a random walk a large % of the time (large enough to make the risk/return not worth the effort).

given the choice between trading a 4 hour chart on multiple currency pairs vs trading a lower timeframe on one pair, i'd gladly go with the higher timeframes across multiple pairs for the same # of entries. less bs moves and cleaner charts.

I am in no way trying to convince you, that your setups are the same on all time frames.

Only saying that my setups on small time frames have about the same hit rate as on large.

Probably that is the reason why I trade basically just EURUSD currency pair using really small time frames for entries.