I have been doing very well with short term trades on the 5m and 15m lately. Just plot a 20 & 50 ema and use your instincts. After enough screen time, good instincts develop naturally.
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DislikedI have been doing very well with short term trades on the 5m and 15m lately. Just plot a 20 & 50 ema and use your instincts. After enough screen time, good instincts develop naturally.Ignored
DislikedLong term vs. the short term, which one is better to invest in? This is a question that is very debated. witch one do you prefer and why?Ignored
DislikedI have been doing very well with short term trades on the 5m and 15m lately. Just plot a 20 & 50 ema and use your instincts. After enough screen time, good instincts develop naturally.Ignored
DislikedA short terms -- 95% 15m, 5% 1h. Trade only pairs with a spread less than 2 pips. Reasons -- Targeting at small swings that come and go a few times a day. Usually TP=25pips SL=10pips fixed. Why not longer terms? -- Since I lost my faith in the market structure (ie, technical analysis/price action patterns), I'm afraid of keeping a position more than 6 hours. I have very little idea about the future price 6 hours from now. Even when I have some idea about it, I don't want to put down my hard earned money on that filmy assumption. This principle works...Ignored
Disliked{quote} I used to trade that way, on instinct, until I had some prolonged periods where I just could not connect with the market. That led to me trying too hard and that led to more losers, and losses, than winners. I do have occasions when my gut tells me to trade, and usually if I take that trade it is a winner. {quote} This year I moved to long term trading. I open a position with low leverage and just wait, of course I also have a TP in mind. Two good things came out of this; I can sleep fine with open trades that are under water, and I have...Ignored
Disliked{quote}I can sleep fine with open trades that are under water, and I have been profitable mostly the whole year.Ignored
Disliked{quote} That sounds great! If it suits you, that's is your way of trading. Keep going on.Ignored
DislikedI honestly think a trader has to disregard time frame, when an opportunity presents itself a trader should seize the moment and not give so much importance to what candlestick pattern or time frame to enter on...Ignored
Disliked... although some suggest having a time exit (when to conclude you are wrong and exit the idea) which makes sense to me.Ignored
Disliked.... I'd be curious to hear from anyone who does time their trades and find out how they estimate a good 'trade window', how they thought it helped them avoid bad trades, etc.Ignored
DislikedHmm. Not sure I would want to go short on the m15 TF when all the higher TF's are trending/pushing higher. Yes, you could get a few pips out of your trade, but it seems like you'd be setting yourself up for it to go against you. I trade on m15/m30 but consider H1 and longer to see whether they are trending in the reverse (or not at all).Ignored
Disliked{quote} It's subjective to how important you think time frames are below the daily. When I used solely technical analysis in my trading, I used to pay attention to higher tf's when trading the lower tf's because all the material I'd covered until then had indicated that you shouldn't trade against the 1H & 4H if you're trading the 15m/30m which borrowed some sense from the old adage don't trade against the trend so I let it pass as wisdom. Today however, I'm not as convinced by that wisdom, if you consider that all moves have to start from the lower...Ignored