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Do you make a living trading small timeframes?

  • #21
  • Aug 4, 2019 9:49am Aug 4, 2019 9:49am
Quoting fxprimate
{quote} I dont use charts or time frames
May I ask what it is you do to make your trading decisions?
  • #22
  • Aug 4, 2019 9:50am Aug 4, 2019 9:50am
I for example, I only trade in a higher time frame.
for me it is much more predictable.
  • #23
  • Aug 4, 2019 9:52am Aug 4, 2019 9:52am
Quoting TradeMinim
One of my traders teammates trade on Low TFs because it suits their personality more. The stress level and efficiency carrying out the trades however are more immense and intense. It really depends on your personality, but in the end the goal is the same = to make money. Is it possible to tweak my Higher TF system to be more efficient to generate the gains as Shorter TF systems? What can I enhance and what I must sacrifice in the system? Sacrifice time or sacrifice draw-downs or gains? And lastly imagine yourself trading this system for a long term,...
I am in your camp as well.
  • #24
  • Aug 4, 2019 9:52am Aug 4, 2019 9:52am
Quoting 6200trading
{quote} May I ask what it is you do to make your trading decisions?
... follow the link
POW!
  • #25
  • Aug 4, 2019 9:59am Aug 4, 2019 9:59am
Quoting tiborf71
I for example, I only trade in a higher time frame. for me it is much more predictable.
You are like me as well.
  • #26
  • Aug 4, 2019 10:07am Aug 4, 2019 10:07am
Quoting fxprimate
{quote} ... follow the link
It seems your link is blocked. I'm not sure how to unblock. Please explain.
  • #27
  • Aug 4, 2019 10:07am Aug 4, 2019 10:07am
people saying they trade higher tf's .... what are we talking about specifically because it's alll very vague at this point in time ... are we talking daily, 4H, hourly, weekly or whatever ...? Some more details would come in handy
MTF PA with indicators = a winning team
  • #28
  • Aug 4, 2019 10:12am Aug 4, 2019 10:12am
Quoting notyetthere
people saying they trade higher tf's .... what are we talking about specifically because it's alll very vague at this point in time ... are we talking daily, 4H, hourly, weekly or whatever ...? Some more details would come in handy
I started the thread so to be clear, I trade the daily TF.
  • #29
  • Aug 4, 2019 10:14am Aug 4, 2019 10:14am
Quoting 6200trading
Once I began trading the larger timeframes, I have been able to do well in a stress free way.
do you mean long term trading?
that would be standard school.

this is true but on the condition of a very small position.
otherwise, the stress only increases.
  • #30
  • Aug 4, 2019 10:18am Aug 4, 2019 10:18am
Quoting Breza
{quote} do you mean long term trading? that would be standard school. this is true but on the condition of a very small position. otherwise, the stress only increases.
If you are referring to how long I stay in a trade, I would say my trades are shorter term.
  • #31
  • Aug 4, 2019 10:31am Aug 4, 2019 10:31am
Quoting 6200trading
{quote} If you are referring to how long I stay in a trade, I would say my trades are shorter term.
ok, but then all the TF are in play, D1 to M5, trend, entry, exit... for me
  • #32
  • Aug 4, 2019 10:37am Aug 4, 2019 10:37am
I used to, be a daily trader.
and quite often unexplained exchange rate fluctuations they were.
that's why I switched to a higher timeframe.
smart position with scaling.
  • #33
  • Aug 4, 2019 10:37am Aug 4, 2019 10:37am
Quoting 6200trading
{quote} If you are referring to how long I stay in a trade, I would say my trades are shorter term.
Your TE shows average trade duration of 6 days.
Most would likely disagree calling that shorter term

Very very few retail traders will hold trades for weeks ( suppose then that is the " longer term"?)...if for nothing else, that most retail accounts simply not tend to last that long!!
there is always, always another trade!!
  • #34
  • Aug 4, 2019 10:49am Aug 4, 2019 10:49am
interesting thread, yes i make a living on m1 and tick chart 61 trading the dow, first as set up are exactly the same on h1, Daily and m1 you just have to react and analysis more quickly but every night you can sleep without thinking about the market, as i live in Thailand since 10 years i m also trading small account because you don’t need same amount monthly here for living so in my case stress is increasing, my system is perfect for me but for stress free i think you need more deposit specially on lower time frame, stupid thing is i can do this deposit but i don’t want
This is the kind of track you can have doing this thing, yes is nice but not stress free at all ! but working on this of course...

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  • #35
  • Aug 4, 2019 10:50am Aug 4, 2019 10:50am
Quoting profitfarmer
{quote} Your TE shows average trade duration of 6 days. Most would likely disagree calling that shorter term Very very few retail traders will hold trades for weeks ( suppose then that is the " longer term"?)...if for nothing else, that most retail accounts simply not tend to last that long!!
To me that is shorter term. I guess it's in the eye of the beholder. I have trades that exit same day and some go on a bit. Long term to me is at least over a week and usually much longer.
  • #36
  • Aug 4, 2019 10:54am Aug 4, 2019 10:54am
Quoting Ockham
interesting thread, yes i make a living on m1 and tick chart 61 trading the dow, first as set up are exactly the same on h1, Daily and m1 you just have to react and analysis more quickly but every night you can sleep without thinking about the market, as i live in Thailand since 10 years i m also trading small account because you don’t need same amount monthly here for living so in my case stress is increasing, my system is perfect for me but for stress free i think you need more deposit specially on lower time frame, stupid thing is i can do this...

Very interesting. I am happy to hear of your success. It seems you are confident enough in your method to be able to do this. Great equity chart!
  • #37
  • Aug 4, 2019 1:24pm Aug 4, 2019 1:24pm
mine is probably the most counterintuitive, boring, tough trading ever: buy highs, sell lows; 1:3 RRR; low frequency; high risk per trade; short term

but I'm not stressed at all, maybe because it works
  • #38
  • Aug 4, 2019 4:07pm Aug 4, 2019 4:07pm
Quoting HeyYou
mine is probably the most counterintuitive, boring, tough trading ever: buy highs, sell lows; 1:3 RRR; low frequency; high risk per trade; short term but I'm not stressed at all, maybe because it works
More importantly, YOU know it works!
  • #39
  • Aug 4, 2019 8:15pm Aug 4, 2019 8:15pm
Quoting 6200trading
{quote} More importantly, YOU know it works!
I pray the lord of statistics that it will continue to work.
  • #40
  • Aug 4, 2019 9:39pm Aug 4, 2019 9:39pm
Quoting 6200trading
I ask this question for a couple reasons. Firstly, I am always interested in hearing how people have bee able to earn their livings doing something they love doing. Second, I have made money on smaller timeframes but I cannot handle the stress and how it makes me feel. I'm just being honest. Once I began trading the larger timeframes, I have been able to do well in a stress free way. So if you are a professional short term trader tell me and tell others your secret to being able to do it. Personally, I am more interested on how you position yourself...
i cant really call myself a professional here, but one thing i learned is TF does not matter.
everybody saying lower TF giving you stress and higher TF is less.
for me it just happen when i dont really know what im doing. it becomes stressful because it moves faster and i still have doubt in my plans. once i have a rigid plan what to do and what to expect, lower TF becomes more fun for me because i dont have to wait hours or even days just for a setup to form.
just my experience.
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