Pretty funny....

DataCruncher · Feb 1, 2008

Quote from Champion:

Aw, sweet, trading the 5 min bar.Thats like going to a gunfight with just your bare fists - against a gun toting adversary!

Peace to all mankind.

i don't see why trading the 5 min bar is any more difficult than other timeframes. I trade 1min, 5min and other timeframes

mgabriel01 · Feb 1, 2008

Quote from Champion:

Aw, sweet, trading the 5 min bar.Thats like going to a gunfight with just your bare fists - against a gun toting adversary!

Peace to all mankind.

Well, I'm new to this ---- first month of trading futures intraday
1 contract
simple setups

I was successful in January - +$3700 on a $10K trading account

any suggestions you have would be most appreciated

Champion · Feb 1, 2008

Quote from DataCruncher:

i don't see why trading the 5 min bar is any more difficult than other timeframes. I trade 1min, 5min and other timeframes

It is a matter of knowledge & experience. You may or may not have noticed that a 5min bar can be way way too late (& so also a 1min bar can be too late) to catch a reversal accurately assuming you even want to daytrade accurately and utilize the huge amount of points available on a daily basis (eg YM, CL).

Compulsive · Feb 1, 2008

Quote from mgabriel01:

Well, I'm new to this ---- first month of trading futures intraday
1 contract
simple setups

I was successful in January - +$3700 on a $10K trading account

any suggestions you have would be most appreciated

Take $1,200 and use it to pay off bill or whatever it might be.

mgabriel01 · Feb 2, 2008

Quote from Compulsive:

Take $1,200 and use it to pay off bill or whatever it might be.

I think Im going to spend it at scores
easy come
easy go

mgabriel01 · Feb 2, 2008

Quote from Champion:

It is a matter of knowledge & experience. You may or may not have noticed that a 5min bar can be way way too late (& so also a 1min bar can be too late) to catch a reversal accurately assuming you even want to daytrade accurately and utilize the huge amount of points available on a daily basis (eg YM, CL).

can't learn it all in one day
its an iterative process
thanks for the feedback