Dislikedsource: https://www.quora.com/Why-are-commod...ent-strategies I am giving everyone some free invaluable knowledge here. Most people, and especially people who profess to know what they are talking about, don’t! They spout verbage but they either don’t trade or they don’t trade successfully. Big hat, no cattle I call it! I find most self proclaimed experts spout a bunch of technical jargon and this and that, but as I said, big hat, no cattle. Now I am not selling anything so I don’t...Ignored
1) That you say is a product of a personal experience that is not the reality of most of the people who trade in this world.
2) Of course there are short-term tradable patterns with predictive value, below the minute timeframe if you wish. Yes, they are there and the information is public and spread enough.
3) The only problem you have with lower timeframes is that the broker's comission and the leverage needed when volatility is low, is much higher than when swing or position trading. But the rest it is the same exactly. Each frequency you choose to trade (not necessarily timeframe) has its own characteristics you need to work on.
I think #2 this is specially important for new traders. Yes, there are repeated patterns every day at every timeframe that you could be trading almost the tick chart an nothing else. There are so many easy and absurd patterns that it is overwhelming.
The fact is that it is really hard to spot a decent pattern figure out and how to exploit it, even if you are taught, it does not make a lot of difference for most people.