the purpose of this thread is to show that money can be made by trading 5 min. this is in the journal section so only comments made in response [or about] to specific trades will be answered.
The last time I use time based candlestick charts was decades ago. Now I used volume based candlestick charts. For those who purely use say just one time based chart for entry, you will find trading very difficult. Which time frame to use? It depends on market situation. Sometimes, you use 1 minute chart, sometimes 5 min chart, sometimes 15 min chart. If market is moving very rapidly and you use 1 hour chart, you will miss the signal. If market is moving extremely sluggishly and you use 1 min chart, you will catch tons of fake signals.
then why did you start a thread 'message to day traders' what was your message that money may be made trading 5 min. everyone knows that we do not need you to tell us that
Click "more..." 1) You'll see that at the top, I stated "From: https://www.priceactionlab.com/Blog/2015/09/jim-simons-trend-following-broken/" 2) Go down to the middle of the post, you'll see the "In my book, Fooled by Technical Analysis," 3) Click the link 4) You'll see that the entire post is a copy and paste. 5) Therefore, those are not my words. And I do not have a book. It's all a quote and the author is Michael Harris as I pointed out, at the very beginning of the post. Do you understand now!?