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If my personality likes to trade often should i focus on shorter tf's? 9 replies

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How often do u trade?

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  • Post #61
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  • Jan 3, 2013 12:04pm Jan 3, 2013 12:04pm
  •  partizanovac
  • | Joined Jan 2013 | Status: Junior Member | 3 Posts
It depends on my free time and on available funds..but since I am a beginner , I think my number of trades per week will raise
 
 
  • Post #62
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  • Jan 4, 2013 1:13am Jan 4, 2013 1:13am
  •  Chicky
  • Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
How often do you trade?

This question is not as simple as it sounds. People chosing to answer this question should also give relevant description of their trading method, also the reasons for their trade frequency.

This question becomes too difficult for people who keep on adjusting their trade sizes as success probability varies, that is, reduce their position size if market is likely to go against them and top it up when market is going in their favor. Therefore, the trade frequency alone does not denote anything.

In most situations it is market, and not a trader, that decides what should be the trade frequency. People can try to force their rules on this market, but at the same time they should also be ready to accept the consequencies. This is true even for scalpers. Some days are good while others are simply no good for scalping.

Then there are traders who carry a portfolio of hundreds of tiny trades. They keep on opening and closing their positions every few minutes. Some do the same but less frequently.

Then we have traders who trade their setups and rely on probabillity of more positive outcomes than the negative outcomes. Their trade frequency depends on what timeframe they trade theses setup and when their setups form. They have no control when market provides entry or exit opportunity.

Certain traders wait like vultures for an opportunity and may take a couple of trades in a year. On the other hand, there maybe traders who constantly remain in trades switching their position from long to short and short to long.
The Thief of Wall Street
 
 
  • Post #63
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  • Jan 5, 2013 5:53am Jan 5, 2013 5:53am
  •  Forexnuts
  • | Joined Nov 2011 | Status: Member | 1,160 Posts
Quoting valdor
Disliked
Monday to Thursday. I don't like trading on Friday.
Ignored
Sorry but had to ask, why not on Friday? Any particular reason..
 
 
  • Post #64
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  • Jan 13, 2013 4:56pm Jan 13, 2013 4:56pm
  •  horustai
  • | Joined Jan 2013 | Status: Junior Member | 5 Posts
2 to 3 trades a day, depends on the day and how is the market.
Cheers
 
 
  • Post #65
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  • Jan 13, 2013 4:57pm Jan 13, 2013 4:57pm
  •  horustai
  • | Joined Jan 2013 | Status: Junior Member | 5 Posts
Quoting Forexnuts
Disliked
Sorry but had to ask, why not on Friday? Any particular reason..
Ignored
In my opinion because the market is not very liquid, so it won't move to much to take good profits.
Cheers
 
 
  • Post #66
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  • Jan 16, 2013 5:29am Jan 16, 2013 5:29am
  •  fxCarbone
  • | Joined Aug 2011 | Status: Member | 29 Posts
It depends from currency pair. Because some pairs needs in using short term positions but sum pairs long term. If it is scalping I can make more than 20 positions in other case less than 1 within one day.
 
 
  • Post #67
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  • Jan 20, 2013 3:40pm Jan 20, 2013 3:40pm
  •  Inxxu
  • | Joined Jan 2013 | Status: Junior Member | 1 Post
Quoting lain.relluf
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how many trades do u take in a week?
Ignored
I trade as my inside feeling tells me .. if I´m not sure, then I´ll wait! 3 things I monitor: fibbonacci, pivots and trendlines .. if they are in right position, then I make my trade! I also looking (to be sure) economic calendar too
 
 
  • Post #68
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  • Jan 21, 2013 3:13am Jan 21, 2013 3:13am
  •  Croatian
  • | Joined Jul 2012 | Status: Member | 9 Posts
I trade a couple of systems on different currency pairs.

One of my more profitable ones are traded entirely on EU.

My trading strat does limit how many trades I should carry out per day or session, but thus far I've been going on for slightly less than 1 trade per day. FYI, my strategy practices hedging and multiple opened positions.
 
 
  • Post #69
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  • Edited at 8:41am Jan 21, 2013 7:49am | Edited at 8:41am
  •  Chicky
  • Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
Quoting Croatian
Disliked
I trade a couple of systems on different currency pairs.

One of my more profitable ones are traded entirely on EU.

My trading strat does limit how many trades I should carry out per day or session, but thus far I've been going on for slightly less than 1 trade per day. FYI, my strategy practices hedging and multiple opened positions.
Ignored
One's method and strategy decides the trading frequency. If one endeavors for several hundred pip profits and a couple of hundred pip stoplosses, cannot trade daily. Scalpers who trade for a few pip profit or loss can keep themselves continuously busy. Trade frequency also depends on waiting for right opportunity or setup. Sometimes these setups may occur less frequently than other times. It again depends how may positions one carries at a time or how many pairs one trades, etc.

This was the answer, now you tell us what is your question?
The Thief of Wall Street
 
 
  • Post #70
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  • Jan 28, 2013 8:38am Jan 28, 2013 8:38am
  •  wavy
  • | Joined Jun 2012 | Status: Member | 7 Posts
I have different question but linked with this.

I'm sure that everyone do as many trades as many opportunities his system gives. One man will earn, for example, 30$ per hour, second 3$ ( playing exactly the same values ​​and parameters but with different systems which generates different signals frequency). Why? Of course, because one man will spend one hour waiting for good transaction, second will spend 10 hours.

I still have problem with time management.

http://i50.tinypic.com/4tahb5.jpg

This is random screenshot TF 5M with random transactions signals (marked as green circles). Important in this case is time of transactions (first random signal starts 2:55 and second 8:25). Assume that system is profitable but generates only that quantity of signals. No one won't be sitting whole day to see one or two good signals on 5M candles.
As I know there are three solutions:

1. Indicator with alarm. But it still assumes that we have to be near computer and we have to be focused on waiting.
2. EA. The best solution but assume that our system is good when we see context and not each point of intersection means point of transaction (that's why only two signals are good).
3. Waiting order. Good but same problem as point two.

And this is my problem and my question. How don't spend whole day/week sitting at charts and not frustrate myself in case, when after 9 hours spent at monitor I missed some good opportunity on time frames smaller than 1H. Or perhaps there isn't other way?
 
 
  • Post #71
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  • Jan 28, 2013 1:08pm Jan 28, 2013 1:08pm
  •  Tradedly
  • | Commercial Member | Joined Jan 2013 | 96 Posts
Three to fifteen a week. I trade contentious zones. If the markets are in my zones, I get plenty of trades.

If they're not, I watch paint dry.
 
 
  • Post #72
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  • Jan 28, 2013 1:45pm Jan 28, 2013 1:45pm
  •  Turveyd
  • | Membership Revoked | Joined Aug 2006 | 11,977 Posts
5 - 6 then my brain is fried and I get BORED!!! need to get this to 10-12 area realistically though, 5 today!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
 
 
  • Post #73
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  • Feb 2, 2013 11:30am Feb 2, 2013 11:30am
  •  fxnoobee
  • | Joined Nov 2007 | Status: Member | 8 Posts
It depends on the timeframe your trading. I'm trading the 5m and do around 3-5 trades a day.
 
 
  • Post #74
  • Quote
  • Feb 2, 2013 11:53pm Feb 2, 2013 11:53pm
  •  Halba
  • | Joined Dec 2011 | Status: Member | 799 Posts
looking at about 1-3 trades per day per pair. not more, as one cant monitor the market for 24 hours...sometimes there wont be a trade at all, this is rare, and not the average.
 
 
  • Post #75
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  • Feb 5, 2013 3:07am Feb 5, 2013 3:07am
  •  alanadek
  • | Joined Jan 2013 | Status: Member | 74 Posts
Hi

It depends, what day, what hour i wake up etc

But approx 3 to 5 trades a day.

Cheers!
 
 
  • Post #76
  • Quote
  • Feb 5, 2013 3:24am Feb 5, 2013 3:24am
  •  Tmd
  • | Joined Feb 2013 | Status: Junior Member | 1 Post
On average 2-3 times a week, and I don't think I would need more, more is no better when you earn less or even lose.
 
 
  • Post #77
  • Quote
  • Feb 6, 2013 1:21am Feb 6, 2013 1:21am
  •  Forexnuts
  • | Joined Nov 2011 | Status: Member | 1,160 Posts
Just been reviewing some of the responses and got to say, a bit surprised by the overall consensus. Have to admit that starting at the charts all day can get tedious but that's why we have bloomberg and associated channels.
Any suggestions on how to make "chart analysis" more interesting?
 
 
  • Post #78
  • Quote
  • Feb 6, 2013 11:26am Feb 6, 2013 11:26am
  •  Chicky
  • Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
Quoting Forexnuts
Disliked
..............Any suggestions on how to make "chart analysis" more interesting?
Ignored
Yes. Review them very carefully and memorize every detail while enjoying your time in toilet, then, use them as toilet paper.
The Thief of Wall Street
 
 
  • Post #79
  • Quote
  • Feb 12, 2013 2:37pm Feb 12, 2013 2:37pm
  •  Forexnuts
  • | Joined Nov 2011 | Status: Member | 1,160 Posts
Quoting Chicky
Disliked
Yes. Review them very carefully and memorize every detail while enjoying your time in toilet, then, use them as toilet paper.
Ignored
Hah, thanks for the laughs and will er.. try to follow your wise advice. Been away for a few days so could not respond earlier..once again, thanks for the laugh!
 
 
  • Post #80
  • Quote
  • Mar 20, 2013 1:59am Mar 20, 2013 1:59am
  •  Patrik_Forex
  • | Joined Mar 2013 | Status: Member | 110 Posts
I am newbie in trading and don't have any trading experience. How often I need to trade forex? Thanks for answers!
 
 
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