DislikedSupport and resistance + PA + HTF = less trading, less losses, growing account. Support and resistance + PA + LTF = more trading, more losses, ? account I am rereading the beginning of this thread (first 100 pages or so) when James was quite active. Somewhere around page 50 he makes a statement about the death of new traders is guaranteed when they start out trading lower time frames rather than higher time frames. One can quite easily prove this to himself. Take any pair. Look at a weekly chart and identify PA as taught here. Notice without anything...Ignored
Lower time frames vs higher time frames, is a debate almost as long (and as pointless) as the technical vs fundamental debate. There definitely are countless intra day traders all around the world who love their high frequency trading, and the lower strike rates don't bother them at all. There will also be countless traders who like to stick to maybe taking 1-5 high quality trades and thrive on the comparatively higher strike rates. Its really about what suites your comfort zone more than "what is generally more popular amongst professionals". In the end nobody should (and doesn't) give a shit how and what you trade. As long as you're consistent its all perfectly acceptable.
There is no reason to believe that all new people here, that are trading the higher time frames, against their inner desires, will need to continue doing that 5 years from now. Its really just about following the minimum requirements in post#1 and just discovering your comfort zone, and settling within it, as you go along the journey. Some will eventually graduate to lower time frames because they always wanted to, others enjoy the consistency they achieve on the higher time frames and settle right there regardless of what they they initially thought or wanted. Again all part of the evolution process you go through as a trader.
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I believe . . .