I understand. Often, the 5 minute can be too granular depending on conditions (chop). However, in a fast moving trend (5% of the time), the 1 mins really shines...
i have lunch money not account what is so difficult of risking 1% with target 2%, that is what pros do but it does not make sense if you have 10 usd or even 1000usd as capital
You are incorrect oh foolish one! This is not a forum to discuss the help of charts! Rubbish. His is a forum for elite traders. I make no guesses in my trading at all. Everything is methodical, mechanical, strategic and based on quantitative probabilistic outcomes. My trades are in excess of 90% profitable while you at best might get 50%. Keep on with your losing ways and I will dget four you like the child trader you are. I am the best. At your best you might wash my car and I might take you under my wing and teach you a few things. You’ve been unprofitable since the 90’s and you’re still dealing with charts and nonsensical technical analysis! Please brother, give it a rest. Sweet Bobby keeping it real!
Yes you do blow out accounts because you don’t know how to trade. Don’t hide under your small account and justify your crappy behavior.
Instead of charts, create a spreadsheet with some formulas to tell you when to close trades. My decisions are made with math! =IF(AND(R87>(0.125*K87),S87>T87),"CLOSE","")
for starters that is an ugly chart.how do you see what is going on. why do you have dark blue candles on a black background.you red candles are more dominant over blue,which for my opinion will give you a biased decision for going short. you have two sets of Bollinger bands that in my opinion they don't make sense.i have studied the hell out of Bollinger bands and personally I think they are useless. clear your chart up and try sticking to support/resistance, channels and trendlines.also pick a visual friendly chart. that is your first step.
thanks for your advice you have a big heart. BB is a tool. a screwdriver is also useless if you use it to open bolts. BB gives you information about the market,it measures volatility and so when the market trades outside the BB and then trades inside the bands it, the market is getting less volatile. IT DOES NOT GIVE YOU BUY AND SELL SIGNALS. If volatility is coming down the market may correct/change direction Of course BB does not tell you anything new: you may see the same thing in PA. It is up to the trader to take this information and use it to make trading decisions
i have other accounts with other brokers do you think i am a fool to disclose my account number in a forum? you are a fool if you are thinking that about my account. where is the proof you are trading at all? i am showing small account YOU ARE SHOWING NONE are you above 18?