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prakash (prakash104)
Jun 14 2016 at 07:44
21 posts
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.

"Slow and steady wins the race"
Ben Nathan (BenNathanFX)
Jun 14 2016 at 13:54
137 posts
LOL!

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
mlawson71
Jun 19 2016 at 08:18
1487 posts
The 15-minute chart at least can give pretty good short-term signals, I would call using it 'gambling'.

vontogr (togr)
Jun 19 2016 at 10:00
4862 posts
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.


Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.

Serenity271
Jun 20 2016 at 06:30
2 posts
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.


Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.


It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.

vontogr (togr)
Jun 20 2016 at 07:25
4862 posts
Serenity271 posted:
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.


Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.


It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.


I did look at forecast of big bank. They were wrong. For example all of them did forecast EURUSD will go to parity by end of 2015. It did not happen.

Serenity271
Jun 20 2016 at 08:02
2 posts
togr posted:
Serenity271 posted:
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.


Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.


It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.


I did look at forecast of big bank. They were wrong. For example all of them did forecast EURUSD will go to parity by end of 2015. It did not happen.


They can't be right all the time.

Magixs (Magiic)
Jun 20 2016 at 08:20
435 posts
Serenity271 posted:
togr posted:
Serenity271 posted:
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.


Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.


It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.


I did look at forecast of big bank. They were wrong. For example all of them did forecast EURUSD will go to parity by end of 2015. It did not happen.


They can't be right all the time.

Magixs (Magiic)
Jun 20 2016 at 08:21
435 posts
so why try to claim one is insignificant and the other is the way, many ways to achieve the same goal, especially with something as large as FX.

twalk
Jun 30 2016 at 06:36
5 posts
togr posted:
Trading is about forecast future.


Trading is not about forecasting. It is about waiting for a good move and enter it, hoping it will continue. MM is doing the rest. It is impossible to forecast price moves, they can go up, down or ranging at anytime, and just because a trend appears, it can reverse the opposite because most of the traders entered at this point.
If price goes up, everyone buys so price goes down, etc. No way to predict anything. It is like two people crossing each other without knowing if they cross by the right or by the left.
Just knowing how strong is the move is a way to be right with more than 50% probalility. This is not foecast at all, this is watching what just happened.

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