i trade eurusd.....and i scalp so i cannot help you es is too expensive ....needs too much margin....
The situation you presented gives nothing to my brain as it is trained for other kinds of information. Information that comes from calculations my trading plan makes. Based on that I trade discretionary. But I agree the brain can be very performant and analyze very fast the most diverse patterns. But it should be trained for these patterns. MA or SMA are never used by me so my brain can do nothing with that.
there are many different ways to trade and make money....some more complicated than others....i have been looking for a long time for a method that is tailor made for me: i have a lot of time so i look to make money every 5 min,if possible.
The shorter the timeframe the smaller your chances are to make money. The potential, which is the difference between the High and the Low, decreases with the decrease of the timeframe. The net profit is the difference between high and low and you have to substract slippage and commissions. Slippage and commissions are always the same per trade, no matter how big the move was. Which means that percentagewise the cost will increase if the timeframe decreases. Result is lower profits, or even losses. That's also the reason why daytrading is more difficult then trading on longer terms.
Ok what does your calculations say about the ES on that chart? Short or long? Or is it not enough info in the chart for whatever calculations you use? What would your brain say if the chart looked like this?
In reality it is the exact opposite. Much more money can be made short term than long term...way more.
Actually I should say the POTENTIAL in short-term is ALOT more if one knows “how” to go about it and “dance with the chickens” so to speak.
true that is why i have been trying scalping for so long.....but since the potential is high but entry costs are low ,it is the most competitive of all, since even somebody on welfare, can trade short term
What a selling point. Ostensibly, people on welfare would lose their subsidy if it's known that they were speculating in an FX account.
Yes and no. I Of you go from LT to intraday you can make more money. If you go from 5 minute to 1 minute the increase of profitability will slow down. And if you go the seconds timeframes profitability will reverse and it will be hard to make any money. Stops have to be very tight and profits will be very small. You will need huge ratio of winning trades. Average profit per trade will go down fast and the costs will stay lineair. There is no lineair relation between profits and timeframes; at a certain point the effect will reverse from more profits to less profits.