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Remember this is a thread where we see tons of NEW traders who have no concept of anything but shotgun trading on 5 min timeframes. When you achieve a certain level with this material and understanding of the market in general you know how to survive and learn and do things right until you can possibly make it.
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You can watch 100s of charts on daily weekly INCREASING the opportunities(and hell some people just don't want to check charts more then once a day). If you watch 20 forex pairs on daily/weekly you are severely limiting yourself and this is the same thing you are saying. More pairs = more opportunities. It is easy to scan 100 charts for a daily/weekly close, impossible(IMO) to scan 100 charts on the hourly. So there are many ways to increase exposure to trading opportunities.
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What happens is most people read something about forex, go to the 15 min chart and trade till they are blown out. They don't realize how crucial patience, discipline is b/c they are constantly "in a trade". It's more of the feeling then it is the actual mindset of a trader, which IMO is what the higher timeframe to start is about. It is to clear out so many(and I see this everyday as I deal with many NEW traders0 bad habits.
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Oh and Mike it's great to hear 90% of your trades are intraday charts - SENSIBLE intraday charts, not 5mins/15mins etc It proves my point which I am not making to hurt anyone, get angry at anyone, be horrible to anyone, just that I think there is a world of pins in 1hr 4hr (ESPECIALLY 4hr) that people are giving up.
Thanks
Trig