Look for just two trades per year

<====Looking forward to being invited to one of Dave Adams' parties.

well if ur filthy rich already i.e have an account size of $50,000 or above, trading with the OPS methodology is gr8. But If you are undercapitalized, i prefer Intraday and scalping .

Trading the 4hour and Higher is a wonderful thing, but it is not the only way to succeed.
Finding your own niche and becoming proficient at it can bring a trader success be it a Daily or a tic chart. If there was only one way to trade successfully then there would not be many around to take the other side.
The human mind is an amazing piece of work and trading allows for a level of intellectual freedom not found in most aspects of life.

As far as taking tips from "Experts" I wonder how many of the tipsters actually trade live cash accounts of any consequence.
I would venture to say that most of the Highly successful traders are not talking about what they are doing to much of anyone, and they probably would not refer to themselves as experts if asked.

Being perceived by some as an "Expert" and actually being one can be two different things entirely.

this works for ppl with big accounts

I will presume the original post to be a joke that is being swallowed hook, line and sinker by everyone here !

the 95%/5% reference is to a whole other subject, so that has no consequence in a discussion on THIS subject.

BUT, on the chance that it is NOT a joke - - - - - - - - -

the truth of the matter is that many high level institutions WILL trade this way (or at least a small part of the traders), but their desk traders are always making up the paper loss of a drawdown by scalping and short term position trading, since THIS method is the LEAST profitable of any method devised !

Imagine that while you have a trending price, you also go thru periods of drawdowns and while these drawdowns are not real losses, what if you also traded the dip that created the drawdown ---- NOW, you would essentially double your profit at the end of the "trend" period.

NOW, scalp each movement while still holding the "trend trade", and you could quadruple your profit.

but an interesting aside --- the winner of the MT4 EA contest, last year or the one before, TRADED THE TREND of a rising currency, and the EA simply sold when a dip began and bought at the bottom of the dip in what was simply an old fashioned "INVESTMENT" strategy and which this method is simply a copy !

Does it work -- SURE DOES as long as you like to invest and not trade, but this game is open to everyone and every method, so it works as well as some others, especially if one is putting in decent coin !

enjoy and trade well

mp

agree with this post 100%

If I may add...there are also comfort levels to be into account. While I may be satisfied with a 50pip profit trade...others may be satisfied with only 10pips won per trade while others may only be satisfied with 500pips or more per trade. Comfort levels are derived from strategy and account size...someone like myself who heavily relies on intraday technical analysis cannot place a trade waiting weeks for it to develop when fundamentals play a much greater role on a larger timescale. Then there is account size as someone mentioned...for someone like myself scalping/intraday trading is almost a MUST as I am so undercapitalized..just to build my capital. Someone with a 100k account or bigger can keep a position open for weeks or months if they want as money is not an issue. A 500pip win for that person may be a 5000pip win for me...if that.

In the end it all goes back to the simple idea of.."you put two people in front of a chart..they will almost always see that chart differently" and thats what influences everything else from timeframe to strategy.

Many successful traders in this forum, who have been trading from many years , are scalpers .

I dont want to mock the OP of this thread, but the fact is that many mutual fund employ scalpers to spread risk among different traders and trading styles.