A professional trader please tell me do nosie in lower timeframes prevent profitability altogether and should we abandon trading in low timeframes for this fact?
DislikedIn order to be profitable in low timeframes trading in the direction of the prevailing trend would do the trick?Ignored
DislikedFXMONK
Thank you for sharing your trading Method.
From your experiance do you disagree that indicator combinations won`t make success in the long run because of inevitable happening of choppy markets? What is your opinion about this statment? Some successful trader had told me this. Thank you.Ignored
DislikedIf you're trading intra-day then you have to know how to figure out the mood of the day and avoid trading during bad days, or trade consolidation patterns (like a box trade) that indicate a "build-up" of energy.
Most people develop around a particular daily pattern (like a gap or a reversal pattern) that indicates a higher degree of directional conviction for the day, then trade that responsively depending on how price behaves (test-drive, test-test-drive, gap-test-drive, gap-test-failure, etc).Ignored
QuoteDislikedMaybe a good technique to use is draw a line on the previous day's close. Use your enrty tecnique to sell below this line or buy above this line. This way you can take advantage of trending moves as well as counter trend moves.