This is simulated world, but in real-time. So you are on the long side, right? I have my opinion where the market would not go on long side, but I am not revealing it. My backer would have known about it, and would have asked me to simulate things in front of his opposition. The high so far is 1821.75, a quarter point from second simulated contract.
Is the larger time frame overrated?
- Thread starter MarketAddict
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Since it is getting closer to 2 hours, and only one fish out of planned 10 would have been done, the simulated backer might ask to take what is available for the second simulated contract. Simulated changes: third simulated contract is moved up to 25.5, and second simulated contract would be done at current simulated 20.75, instead of simulated 22. Minus simulated 2.
Oh but they do, 33% of the time, retail traders (the small fish or "the aunts", as Asian traders call them) do make money from the big, smart money.
You see, the big dogs have to give them a bone once in a while, so they (the big dogs) can keep making money in the long run.
It's like those scratch tickets, the Lottery people have to pay us just enough money from time to time so we can keep playing while they collect about 50% of our wager money, in the long run....
Quote from xelite777:
Take the same exact profitable trading system, apply it to 15 min chart and let's say, the daily or the weekly charts.
At the end you will end up with much more money buying/selling on the 15 min charts.
Believe it... or not.
Disagree. The intraday signals are of inferior quality compare to daily or weekly. Also the cost compared to profit, as mentioned before, is a problem.
That is not true.
Take 5000 bars on the 1min chart and 5000 in the daily chart and compare.
You will be surprised at the results.
