Duref Mentors Lucky
- Thread starter Duref Mudgins
- Start date
LOL
Sounds good.
Becky had nice game, man or woman, that's fer sure.
I wonder how he/she is doing now.
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It seems that Duref is trying to steer you in the right direction. If there were just one decent thread I could direct you to here, I would.
They're all too complicated for what you really need to know to succeed in this game, and no one talks about what's really important.
It's like everyone is parading around doing wind sprints in preparation for a marathon.
Just remember, slow and steady most definitely does win this race.
When working with multip-time frames, be sure you are consistent in your analysis of different fractals using the same multiplier.
Example:
If you're obverving the 15 minute and the 60 minute, well then the next fractal you would need to keep your eye on would be ... drumroll please ... the 240 minute!
Makes sense, no?
Give him an enema and you can carry him in a thimble.
Quote from MandelbrotSet:
When working with multip-time frames, be sure you are consistent in your analysis of different fractals using the same multiplier.
Example:
If you're obverving the 15 minute and the 60 minute, well then the next fractal you would need to keep your eye on would be ... drumroll please ... the 240 minute!
Makes sense, no?
I normally have up on my screen a 1 minute, 5 minute and 1 hour. Too short?
Do you still use P&F?
Gurl! Doan yo pay no tension ta dese mens! Day all tinks mokkit be a bitch ho! Well, Cassie, she kno bettah! Mokkit a bitch MAN! He say, cumm wid me gurl (lak he goan tekk yo summers), we goan onna town! Den he turn rat roun an lebe you stannin dere wid you paints wet! Yo wan mekk munnys inna mokkit? Bitch mokkit man cumma callin, yo stan yo groun, bitch slappim, den turn he ass rat roun an push he whur yo wants he go! Dat whut Cassie do alla naht. Dey laks it! An dey pays, two!
It's not so much a matter that it's too short, it's more a case that your fractals aren't lining up.
If you really want to trade a one minute chart, you'd be better of matching it against a 5 minute and a 25 minute. Leave the hour chart out of it (if you don't believe me, just try it out and see how it works for you ... which is what you should do for everything, btw).
Don't take nothing on anyone's Say-So.
P&F are good for stocks and stocks only in my book. And even then it's more of a case of a longer-term, position trading type of activity.
That is because there is a lot of information that you can reference in a snapshot to support your reason(s) for taking an individual trade (which includes sector performance, realtive strength, percentage bullish charts, etc.).
You don't have access to this type of information when trading futures, so I don't recommend it for them.