Lt;====Looking forward to being invited to one of Dave Ad' parties.
Well if ur filthy rich already unlocks have an account size of $50,000 or over, trading together with the OPS methodology is gr8. However, if you're undercapitalized, I like Intraday and scalping.
Trading Greater and the 4hour is a great thing, but it's not the only method.
Finding your niche and becoming adept at it can bring a trader success be it a Daily or a tic chart. There might not be many about to take another hand, if there was only one approach to exchange successfully then.
Your mind is an wonderful bit of work and trading allows for a level of intellectual liberty not found in most aspects of life.
As far as taking tips from Experts I wonder just how many of the tipsters actually trade live money accounts of any outcome.
I'd venture to say that most of the successful traders are not talking about what they're doing to a lot of anybody, and they probably would not refer to themselves as experts if asked.
Being perceived by some as an Expert and actually being one could be two different things entirely.
I will assume the article to be!
That the 95%/5% reference is to a whole other subject, so has no consequence in a discussion on THIS subject.
BUT, on the possibility it is NOT a joke - - - - - - - - -
that the fact of the matter is that many high level associations WILL trade this manner (or at least a small portion of the traders), but their desk traders are constantly making up the paper loss of a drawdown by scalping and short term position trading, because this method is your LEAST profitable of any method devised!
Picture that if you've got a trending price, you also go thru phases of drawdowns and while those drawdowns are not real losses, suppose you also traded the dip which generated the drawdown -- NOW, you would basically double your profit at the end of the trend period.
NOW, scalp every movement whilst still holding the tendency trade, and you might quadruple your profit.
But an intriguing aside -- that the winner of the MT4 EA contest, last year or even the one earlier, TRADED THE TREND of a rising currency, along with the EA just sold if a dip started and bought at the bottom of the dip in what was simply an old fashioned INVESTMENT egy and which this way is merely a copy!
Does this operate -- SURE DOES provided that you like to invest rather than exchange, but this game is open to everyone and every method, therefore it functions as well as others, especially if one is putting into decent coin!
Love and exchange well
mp
Agree with this post 100%Originally Posted by ;
If I may add. . .there are also comfort amounts to become account. While I might be happy with a 50pip profit trade. . .others could possibly be happy with only 10pips won per trade while others might only be happy with 500pips or more per trade. Comfort amounts are derived from egy and account size. . .someone enjoy myself who relies on intraday technical analysis cannot place a trade waiting weeks for it to develop when fundamentals play a greater role on a larger timescale. There is account dimensions as someone. . .for someone like myself scalping/intraday trading is almost a MUST like I am so undercapitalized..just to construct my funds. Someone with a 100k account or bigger can continue to keep as money isn't a problem, a position open for months or weeks should they need. A 500pip win for that person may be a 5000pip win for me. . .if that.
In the end everything goes back into the simple idea of..you place two people in front of a chart..they will almost always see that chart otherwise and thats what affects everything else from time to egy.
Successful traders in this forum, who have been trading from many years, are scalpers.
I dont want to ditch the OP of this thread, however the truth is that many mutual fund employ scalpers to spread risk among different traders and trading styles.