If AL says stick to one timeframe, why not just stick to one time frame. I trade the 3 minute timeframe, why do I care about the daily or hour timeframe? Besides getting a support or resistance line from there and then get my but back on 3 minute timeframe and trade what I see. what does the hour timeframe have to do with you being on the 5 minute taking an entry and exiting? Please explain.
So now you have to read the chart for manipulation AND read the chart for entry and exit? AND look at multipletime frames? Sure sounds like a lot of work padutrader you are pursuing, right?
UOTE="SimpleMeLike, post: 4866517, member: 483534"]AND look at multipletime frames?[/QUOTE] if you know what you are looking for it takes 3 seconds..i have done the work for 12 years.. why do I have to work hard now
the chart is being manipulated all the time... they have to make you buy when they are selling and sell when they are buying.. why do you think 95% lose... why did i lose same reason
I need not go to hourly to see hourly I can see it on the five min the hourly does not have to do anything with 5 min EXCEPT with major turning points …..that is why you make profit on 4 trades but lose it all when the market turns because you do not know it has turned. think it is so easy to make money it took me 12 years. if you cannot spend years....and years....be happy with being just a trader
Exactly, forget this multiple time frame crap. We are small time frame traders, why go waste time messing around daily and hour for unless you want swing trade for hours or days. Or small time not very clear for you too read. I just belive in less is better. Keep it simple man.
I don't know why 95% lose. I guess because they don't know what they are doing or learning incorrectly from wrong people.
it is simple I can now take 2 seconds and know where the 4 h is going..because I know what to look ffor