DislikedYep a lot of what you say is true, but can be flipped for all the negatives too....Ignored
In addition to this, One important thing we should not forget is that this is a probabilities game and out of any sample size in probability studies you have to be available to take ALL instances that define your edge.
It's not like one cannot be profitable on any time frame (if he/she is experienced and good - disciplined) but the issue/problem is being able to catch all the instances that define your edge on a small time frame. And if Ryan says that there's a specific time he goes online to take trades which fits into his system/method that's fine but we must not forget and in fact always remember fully well that every occurrence in the market is unique, we do not know which of the instances would turn out to be our real winner and would cover up for the other losses (if for instance you've acted upon 5 instances that defined your edge and lost in this initial 5 does not mean you will not act on the 6th one which could be your winner to cover up. But what if you were not there to take it? ).
However, on a larger time frame like the daily for example, one could decide to check the charts every single day (at close) before going to bed and do that easily for one FULL year without missing out on a single opportunity that defines one's edge. Just like a "manual" machine.
I can trade the smaller time frames but the only reason I prefer the daily and weekly is not because it fits my personality but because I understand that this is a probabilities game (of speculation) and I ask myself the crucial question which is - On the M5 or M1 will I be available to take ALL instances of trades that define my edge? I think my answer is NO. -
In a nutshell, as has been said many times, I think it all boils down to THE TRADER.
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Mike fix your shit.
. could you expand a bit on the "price behaviour" you mentioned,possibly with a chart?? i take it this is not the PA we are used to here??