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Attachments: D1 and M5, which is noiser?
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D1 and M5, which is noiser?

  • #21
  • Oct 9, 2009 11:58am Oct 9, 2009 11:58am
Quoting PipsRaker
Sorry couldn't help myself

Here's what I see... easy peasy.
I hope I can trade in the middle of the chart. In reality, people can only trade at the rightmost of the chart.
  • #22
  • Oct 9, 2009 12:03pm Oct 9, 2009 12:03pm
Quoting kk007
I hope I can trade in the middle of the chart. In reality, people can only trade at the rightmost of the chart.
Agreed, but what if? What if you really know what you doing? No pun intended.

One man trash (noise) is other man profit opportunity.
  • #23
  • Oct 9, 2009 12:05pm Oct 9, 2009 12:05pm
Quoting PipsRaker
Agreed, but what if? What if you really know what you doing? No pun intended.

One man trash (noise) is other man profit opportunity.
O.K. If you post your trade chart somewhere on this forum sometimes, I will know how good you can trade.
  • #24
  • Oct 9, 2009 12:10pm Oct 9, 2009 12:10pm
Touché! Once again you're right but I'm not making any personal claims just sharing. I'm a member of this forum since Aug 31, 2007 and with only 40 something posts... there's a reason for it or maybe I'm just a lurker or not. Peace!
  • #25
  • Oct 12, 2009 1:35pm Oct 12, 2009 1:35pm
Is the purpose to determine whether the M5 or the D1 is easier to trade?

What I have noticed over the years is that even the traders that become profitable over the shorter time frames do not make it over the long haul.

The burn-out rate for anything for M1-M15 is pretty high. Most are just trying to get profitable with those TFs without thinking ahead and realizing that this is what they will be doing everyday for the next 10-15 years in order to compound their money to anything resembling a decent size equity (assuming their edge lasts!).

Day traders are like drug dealers, they don't get old.
  • #26
  • Oct 12, 2009 1:47pm Oct 12, 2009 1:47pm
I've never traded D1 and probably never will. I have traded 1hr, 30m, 15m, 5m, and 1m. I prefer time frames 30m or less. I'm quite success with 30m, 15m, 5m and 1m.

Others bitch the transaction costs are more on the lower time frames. BS. A trade is a trade is a trade. Each trade has a cost associated with it. So you make 20 pips on your D1 and I make 20 pips on my 5m. Same transaction costs. Next...you make 100 pips on your D1. I make 200 pips on my 5m and probably twice the transaction costs. The difference is that I played the bounces off of support and resistance, where you went with the long term trend.

Pick a TF that suits you. Read this board, but sift through the BS.
  • #27
  • Oct 12, 2009 2:12pm Oct 12, 2009 2:12pm
If by ´noise` we mean random movements then surely it goes both ways? If the noise stops you out on one trade then you´ll get it back again on another trade as the noise goes in your favour. Otherwise your correct/incorrect analysis will, in the end, decide your eventual profit/loss.
  • #28
  • Oct 12, 2009 2:36pm Oct 12, 2009 2:36pm
I consider my time as a cost as any business would. If I have to sit in front of a screen all day to get a measly 200 pips on a 5 min chart then that trade has cost me much more than if I had put on a set and forget trade on a higher time frame and spent the day playing golf.

KK007: I'll be sending my invoice to you for the above text.

Quoting GulfCoastPip
I've never traded D1 and probably never will. I have traded 1hr, 30m, 15m, 5m, and 1m. I prefer time frames 30m or less. I'm quite success with 30m, 15m, 5m and 1m.

Others bitch the transaction costs are more on the lower time frames. BS. A trade is a trade is a trade. Each trade has a cost associated with it. So you make 20 pips on your D1 and I make 20 pips on my 5m. Same transaction costs. Next...you make 100 pips on your D1. I make 200 pips on my 5m and probably twice the transaction costs. The difference is that I played the bounces off of...
  • #29
  • Oct 12, 2009 3:20pm Oct 12, 2009 3:20pm
This is very relevant to this thread

http://www.forexfactory.com/showpost...6&postcount=20
  • #30
  • Oct 12, 2009 3:22pm Oct 12, 2009 3:22pm
BS.

Supposedly 90 something percent of 'traders' lose and probably 90 something percent of them lose because they look at the short, intra-day timeframes exclusively.

It might be because they don't have time (day-job or just plain other activities to occupy them, nothing wrong with that) or because they believe they are controling risk (doubtful) by not have a trade open for more than a couple of minutes or hours.

Maximize winners, minimize losers.

Defintion of noise: much of what is written on Forex Forum.
  • #31
  • Oct 12, 2009 4:15pm Oct 12, 2009 4:15pm
Porkpie, I never mentioned anything about sitting in front of the computer all day. All I need is a couple of hours a day. Different strokes for different folks.




Quoting Porkpie
I consider my time as a cost as any business would. If I have to sit in front of a screen all day to get a measly 200 pips on a 5 min chart then that trade has cost me much more than if I had put on a set and forget trade on a higher time frame and spent the day playing golf.

KK007: I'll be sending my invoice to you for the above text.
  • #32
  • Oct 12, 2009 4:31pm Oct 12, 2009 4:31pm
Quoting GulfCoastPip
Porkpie, I never mentioned anything about sitting in front of the computer all day. All I need is a couple of hours a day. Different strokes for different folks.
Yeah I know, I was just chiming in with a different perspective (with a little sarcasm to boot -not aimed at anyone).
  • #33
  • Oct 12, 2009 5:15pm Oct 12, 2009 5:15pm
Quoting SunTrader

Defintion of noise: much of what is written on Forex Forum.
Including your 4,704 quality posts on FF?
  • #34
  • Oct 12, 2009 5:37pm Oct 12, 2009 5:37pm
Quoting SunTrader
BS.

Supposedly 90 something percent of 'traders' lose and probably 90 something percent of them lose because they look at the short, intra-day timeframes exclusively.
Funny, I always tough was the other way around, most newbies and wanna-be-traders were fond of higher time frames due to their lack of knowledge and trading skills. Although I do agree 90%+ of market participants are losing money. Interesting point of view, nonetheless.
  • #35
  • Oct 12, 2009 7:19pm Oct 12, 2009 7:19pm
Quoting fxterrapin
Including your 4,704 quality posts on FF?
So I guess we are together in that category since we made similiar points about short term traders, huh?

Got 'post count' envy? I could care less how many I or anyone else has.
  • #36
  • Last Post: Oct 12, 2009 7:29pm Oct 12, 2009 7:29pm
Quoting PipsRaker
Funny, I always tough was the other way around, most newbies and wanna-be-traders were fond of higher time frames due to their lack of knowledge and trading skills. Although I do agree 90%+ of market participants are losing money. Interesting point of view, nonetheless.
I don't know it for fact but since the mid 90's the buzzword in trading has been daytrading - for stocks/options/futures as well as forex.

But just like forex does not have one true exchange or authority stock markets don't have one source of account information to compile how many daytrade and how many swingtrade and how many are long term investors.

But if you read most of the high volume topics here you can see that most posts make references to intraday movements.

Most newbies traders start undercapitalized which means that a move on a daily chart (unless in a micro-lot position) will wipe them out in no time.
Simple math says they go down to shorter timeframe charts.

Do I have proof, no. Just 13+ years hanging around watching them come and go.
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