murray t turtle
Registered: Dec 2001
Posts: 6268 |
06-25-12 06:06 PM
Quote from achilles28:
Indeed. Trend followers get chopped up in ranges. Range traders get chopped up in trends. Usually, the best advice is to pullback and trade higher time frames (10-15-30 mins etc). The sub 5 minute time frames alternate between trend and chop throughout the day and can trigger many losses. Best to trade RMH, during peak volatility.
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A28;
Neat words.
amen on the higher time frames[10-15-30]
Ten, fifteen, thirty[Also,10 years, 15 months,30 days];
can include some great trends./low comssions/costs. Some 30 minute ''ranges'' or sideways trends i name them , are just a pause on a great up trend or great downtrend.
Most of the money made in markets[past 200 years, in US];
is made in investnents, not trading .
But by definition;
a trading time stop gets hit . So yes, i sometimes use ''time stops''. 'Disciple 101, good question, not that trading research stops...................................................
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