very new concept for me. please if you have any resources that i could read more about this relativity in forex, please send me.... Thank you very much for sharing and your response
Yeah. I had thought the thread was so new no one would point out the idiocy of a 100 millisecond chart. I need the 5 nanosecond chart. Pretty sure I'd have a huge amount of data from that.
too cheap too respond and very low level of communication. You show clearly who is the idiot here. enjoy!
The trouble is with this thinking is that it's probably wrong, a classic newbie mistake. Sure, the shorter the timeframe the smaller the stop but then what about the percentage chance of that stop being hit via general market noise versus the percentage change of a wider stop being hit? so you have to balance the 2, the total risk of the stop and the % chance of it being hit. In my mind there's actually less risk from trading a higher timeframe as yes stops will be larger but then so will profits and the chance of your stop being hit (because it's not so near). Possible therefore to risk say 1-2 points in EUR/USD to make 3-6 full points profit. And with the large(ish) stop it's hard for general noise to get ya so even if your timing is wrong (mostly it will be) you give the market some room to move. Good luck anyway and probability states your broker is going to lova ya
Thank you for your response, However, i believe the market is fracatal so the noise theory is less convincing for me. Probability is easier to to predict in shorter time frames but i believe it will be the same on the higher time frames but less predicatable. Also, i trade with diseasterous stop loss not usual stop loss. I use hedging instead. You may disagree with me for that but i am telling you what i am doing ' to make my broker loves me". 95% of trades lose money, do you think those are believing and practicing more your trading dogma or mine? Just a question. i am trying to go away from the main stream if i could. Elite ... please share your opinions. actually