DislikedNo worries. But if I may ask, why wait to trade longer time frames? If you see the opportunity, why not take advantage of it?Ignored
1)bucket shop. ibfx does not reflect real price data to the pip...candlesticks dont open/close when they should on the higher timeframes...not to mention the platform closes one hour before market close on fridays and opens one hour after the market open sunday. As I am a momentum trader incorporating candlestick patterns...support/resistance levels ...and a few other things...this does not work on the higher timeframes...on the short term it does.
2)i am a young guy who is trying to pave his own path with little starting capital. no matter how good someone is...starting from ground zero is no easy task. because of this i have to make my daily targets of 50-100pips profit...at least for the next few years as my skill is not reflected in my income..yet haha. Long term trading like you do...to make the profit you made recently...it would take considerably longer as you never know when the eur/usd will be kicking (remember the range at 1.2625-1.2565). I need gains now!....although this week im in the minus after 6straight winning weeks with 250pips per week average. No worries...im just extremely happy i have survived and didnt repeat december and wipe out (stop loss made all the difference as i shorted at 1.2730 and would have gradually added short position since...with this push to 1.3500..bye bye account haha). So yea...this weeks loss is really a win
Different opinions highly valued, ignorant to slander.