Well said... It'll appeal to him if he is a swing trader like me. Otherwise, day traders do find long term setups quite dull.
Well said... It'll appeal to him if he is a swing trader like me. Otherwise, day traders do find long term setups quite dull.
What about EUD/NZD, 4 D or H TF? Test it out with HA candles.Originally Posted by ;
Trend is your friend. Hard part is overly identified it.
Long time analysis actually can bring more profit. But which analysis is more suitable for the newcomers? What you really thinking?Originally Posted by ;
Why would you need to ask for 100 pips. It doesn't matter how many pips you make out of a trade. It's certain that extended time frames are more appropriate for newbies. The idea is if you are going to have the ability to make money to not get rich fast. Getting rich is an outcome of a successful trading egy having a hard discipline you keep out day in day. I know traders who handle millions seeking to make 5-10 pips a day and put back. So it is irrelevant to have 100 pips or not. Or even one telling you how he makes 100 pips a transaction. The holly grail is strickt money management with a trading egy that fits your personality nothing else. And that my friend is something you find yourself
Aren't the time market analysis more like long weather forecasting?
That is a question,not a statement.
The one thing that matters, in my opinion, is really for the analysis to be correct. Various individuals have different needs, but when they are following correct analysis, be it long or short-term one, they need to be profitable.Originally Posted by ;
You know when summer comes and the way the summer will be (or guessing a bright day is easier). However, you don't know if you'll have a summer rain. So whether it rains or another day and possibly next week will be glowing.Originally Posted by ;