DislikedI will definately give props to Mr. Steelhead. He has the higher timeframe down on trading. It's almost identical to how I used to trade.
Like I said before, I made some great money trading higher time frames.Ignored
WUT UP EO!!!?!
glad to hear you're having a great time on vaca.
I been out but on family business.
As for TF's...i trade a 5 min TF. and you guys are right there is a lot of noise there, but for me i see it as better opportunity to manage money. I don't have the comfort zone to trade and leave it open for days on end. I like getting in and out. On avg i can crank about 250-500 pip a week with out much hassle. I wait for good opps and jump in. I have made trades that were open for hours at a time that were good for 100-200 pips on a trade, but genrally my sys requires only 20-30 per trade. maybe two-three trades a day.
I think the real key is two things...trade what's comfortable for your style, but more importantly, being patient and "waiting for the trade to come to you".
I think it goes without saying that if you're forcing a trade or trading with that feeling "i gotta make a trade" then you are setting yourself up for disaster.