Intraday Trend Following

[padutrader]

I don't cause when chop turns to trend against me, I figure it just needs more room and more room then I end up taking a huge less, which looks like it's going to turn back my way and reverses on me, cause I'm counter trend.

it took me 13 years to figure it out.no one tries for that long. i am just a perfectionist but one that is quite prepared to go at it for ever.
I just decided on my destination at the beginning and decided to get there no matter how time it took.

 

[Turveyd]

the fact is if you are trading 5 min which is what most intraday traders do, you have to be very precise in your entries and exits.
this it took me 13 years to do.
which person is going to or even be able to, stick to something for that long without earing anything to sustain that activity, unless backed with independent finance.
this is the real reason traders fail in short term trading.
in longer term you have to be inactive for maybe 60% of time...... to wait for trends. which again is hugely difficult to do.

1Min charts, 5 suck!!

The patience to wait for a trend to join is an issue, get bored, make gambly chop or reverse a spike play, give away money every damn time.

Near enough knocked above on the head these days, trading like a Pro finally

 

[padutrader]

Calling it trend or chop is semantics

damn right
one becomes the other, if you change the time frame.
there are a lot of things that need to be understood
that is why it took me 13 years to get some idea what it is all about

 

[Turveyd]

it took me 13 years to figure it out.no one tries for that long. i am just a perfectionist but one that is quite prepared to go at it for ever.
I just decided on my destination at the beginning and decided to get there no matter how time it took.

Only 13years damn newbie, 21 or 22* in total including stocks which I was profitable at, before PDT ruined it all

* some years busy, not more than 5 trades in a year, so not really 22years, last 18months I guess at it pretty solidly, before just played occasionally.

 

[padutrader]

5 suck

for you
I can get 20 more trades in 5 min than hourly.
but you need a precision of a eye surgeon for entries and exits
which took me 13 years to get.
it all depends where you want to go ...decide that first:your destination; then work towards that.
traders do not have a clue what their destination is and then of course wherever they reach they have failed

 

[padutrader]

in all theses posts, not one trader is talking about channels, yet market is in a channel 80% of the time.I am intrigued by this
chop is only chop if the focus is on a much larger time frame.
I believe all price action makes the same sense, even chop.
price action is very subtle......you have to put even chop in an x ray and then take time to understand that print......

 

[Turveyd]

for you
I can get 20 more trades in 5 min than hourly.
but you need a precision of a eye surgeon for entries and exits
which took me 13 years to get.
it all depends where you want to go ...decide that first:your destination; then work towards that.
traders do not have a clue what their destination is and then of course wherever they reach they have failed

You should be a politician, many words used, but means nothing so nothing to call you on later LOL

I trade 1Min charts, M1 only, full on intraday nutter.

 

[padutrader]

means nothing so nothing to call you on later

to explain what it means, what took me 13 years to find out,cannot be explained here in a forum
what I am explaining is that, if you do not want to put in the huge no of hours, you will not be a great trader.
you may be a good trader: nothing wrong with that but decide what you want to be in the beginning. THIS IS WHAT I AM SAYING.

 

[Deez]

in all theses posts, not one trader is talking about channels, yet market is in a channel 80% of the time.I am intrigued by this
chop is only chop if the focus is on a much larger time frame.
I believe all price action makes the same sense, even chop

I believe channels are a self fulfilling prophecy in a collection of random data points.

Do you have a logical reason why they form? Is a channel what a bell curve distribution looks like over time?

 

[Turveyd]

to explain what it means, what took me 13 years to find out,cannot be explained here in a forum
what I am explaining is that, if you do not want to put in the huge no of hours, you will not be a great trader.
you may be a good trader: nothing wrong with that but decide what you want to be in the beginning. THIS IS WHAT I AM SAYING.

Don't worry put in 20,000hrs+ I'm sure!!

Still suck at times, I'm either awesome or terrible no inbetween.