Thread: D1 and M5, which is noiser?

One could argue, it's easy in hindsight and of course it is, but I'm prepare to defend each entry and exit.

Chance prefer the prepared mind -- Louis Pasteur

Originally Posted by ;

I expect I will exchange in the center of the chart. In reality, individuals can trade in the rightmost of this chart.

Agreed, but what if? What if you understand what you doing? No pun intended.

One guy trash (sound ) is other man profit prospect.

Originally Posted by ;

Agreed, but what if? What if you really know what you doing? No pun intended.

One man trash (noise) is other man profit prospect.

O.K.. Should you place your trade chart somewhere on this forum sometimes, I'll know how good it is possible to exchange.

Touché! Once again you're correct but I am not making any private asserts just sharing. I am a part of the forum since Aug 31, 2007 and with only 40 something articles... there's a reason behind it or perhaps I am only a lurker or not. Peace!

Is your purpose to ascertain whether the M5 or the D1 is simpler to trade?

What I have noticed over the years is that even the traders that become profitable within the time frames don't make it over the long haul.

The burn-out rate for whatever reason for M1-M15 is pretty large. Many are just trying to get profitable with those TFs without thinking ahead and realizing that this is what they'll be doing regular for another 10-15 years in order to compound their money to anything resembling an adequate size equity (supposing their edge continues!) .

Day traders are just like drug dealers, they do not get old.

I have never exchanged D1 and probably never will. I've traded 1hr, 30m, 15m, 5m, and 1m. I favor time frames 30m or not. I am quite success with 30m, 15m, 5m and 1m.

Others bitch the trade costs are more on the time frames. BS. A trade is a trade is a trade. Each trade has a cost. So you make 20 pips in your D1 and I make 20 pips in my 5m. Transaction expenses. Next. . .you make 100 pips on your D1. I make 200 pips in my 5m and probably double the trade expenses. The distinction is that I played the bounces off of service and resistance, in which you travelled with the long term trend.

Select a TF that suits you. Read this plank, but sift through the BS.

If by ´sound' we mean arbitrary movements then it goes both ways? If the sound stops you out on one trade then you´ll get it back again on another trade as the sound moves in your favor. Otherwise your correct/incorrect analysis will, in the end, decide your ultimate profit/loss.

As any business would I consider my time. If I must sit in front of a screen all day to get a measly 200 pips on a 5 minute chart then trade has cost me more than if I'd put on a pair and forget trade on a higher time frame and spent the day playing golf.

KK007: I'll be sending my bill to you for the above text.

Originally Posted by ;

I've never traded D1 and likely never will. I've traded 1hr, 30m, 15m, 5m, and 1m. I favor time frames 30m or less. I'm quite success with 1m, 15m, 5m and 30m.

Others bitch the trade costs are somewhat more on the lower time frames. BS. A transaction is a trade is a transaction. Each transaction has a cost associated with that. So you create 20 pips on your own D1 and that I make 20 pips on my 5m. Trade costs. Next. . .you create 100 pips on your own D1. I make 200 pips on my 5m and likely double the trade costs. The distinction is that I played with the bounces off of...

This is very related to this thread

https://www.forexsoutheast.asia/cryp...mql-learn.html

BS.

Supposedly 90 something percent of'traders' shed and probably 90 something percent of these shed because they look in the brief, intra-day timeframes exclusively.

It may be because they do not have time (day-job or just plain other tasks to occupy them, nothing wrong with that) or because they believe they are controling risk (doubtful) with not have a trade open for more than a few minutes or hours.

Maximize winners, minimize losers.

Defintion of noise: much of what is written on Forex Forum.