Is the larger time frame overrated?
- Thread starter MarketAddict
- Start date
Quote from xelite777:
Problem is, by the time all the stars are aligned like you said, the trend is already consumed and you are too late to the party, all the smart money is already gone.
Unless you are content with the crumbs...
Bro, that bird, has got like, a thing in its mouth.
Heady, bra.
I disagree with practically everything that's been posted in this thread, but WTF do I know?
I take the direction from the 60 min or daily and only trade in that direction. I take entries off the 5 or 1 min. The big money is in holding, not short time frames.
Fx is far less volatile than individual stocks. Ditto index futures. That's not even debatable, The difference is the leverage you can use. News flash: leverage works both ways.
I take the direction from the 60 min or daily and only trade in that direction. I take entries off the 5 or 1 min. The big money is in holding, not short time frames.
Fx is far less volatile than individual stocks. Ditto index futures. That's not even debatable, The difference is the leverage you can use. News flash: leverage works both ways.
It's all good, many ways to skin this cat.
LOL, I was thinking the same thing.
Quote from NoDoji:
If you're too late to the party during well-defined trends, then you must be waiting for galaxies to align before heading to the party.
Which is real btw, not imaginary.
Would you rather make 5 trades and earn 50 pips on each trade in a 2 day period and repeat the whole process again or earn a "BIG" 250 pips in 2 weeks (and it took you another 2 weeks just to get the signal, total = 4 weeks)?
A taxi driver once told me that he makes much much more money with small but frequent 5 to 10 dollars trips than with trips to the airport that earn him $50 per trip.
Waiting for "big" moves does not necessarily mean you will make more money in the long run, far from it.
