Wow, it is amazing how strangers over the internet can make assumptions about someone based on a little information and consider it as factual..
1. Clearly you and I have different definitions of what Price Action is and what 'Patience' is.
2. Who said anything about re-entering the same position after being Stopped Out? Not me..
3. 'You my friend may do better on swing trades because you lack the ability of reading price action'
If as you said, I do better at Swing Trading than Day/Scalping Trading, then does it really matter whether I can read price action better than you or not?
4. When the market hits overdrive? I have no idea what you mean by that.
I dont know what you mean by overdrive but lets take the most recent period of 'craziness' that hit the market - the sharp CHF appreciation in January...as you can see from the charts below, this was the trade setup sent to my Subscribers to go long on the NZD CHF ...
The Daily Chart was being used to identify the expected movement and target...
The 4H Chart was being used for entry...
(FXCM Charts are used for my Trade Setups because they use the New York Close of the Daily Chart which is crucial to Price Action and my Methodology)
As you can see from the chart below, the market rallied sharply and hit my/our target....
(I do my Live Trading on Dukascopy Live Account)
Soon after, we then had the sharp reversal caused by the removal of exchange rate peg...
If my target was set beyond that level and I/we were still in that trade, we would have lost everything...
In my opinion, this clearly shows an accurate ability to predict the expected movement of the market and where to exit to avoid reversals..even when the market is in 'overdrive' based on my definition of Price Action.
4. DEMO VS LIVE
Yes..you are right..Live accounts are better than Demo in showing/proving success etc. However, the Demo Trades done on that System you see were also done on my Live Duk account, but the jforex platform of Dukascopy cannot be tracked/verified by myfxbook. This is why I showed my individual Live Account trades in the Discuss section of that system https://www.myfxbook.com/community/trading-systems/swing-trading-part-1/859880,2#?pt=2&p=1&ts=11&o=859880
to show that they were the same ones done on the Demo - such as the one I just showed you.
At the end of the day, I and others like me are likely to continue to make much more money over the long-term with much less stress on the HTFs than if we traded on the LTFs. If you make money on the LTFs and can sustain it then good for you...but you are in the minority.
The fact remains that most people who trade on the LTFs fail, regardless of which strategy they use because...
1. There is much less time to recover from losses.
2. There is a lot more pressure to make money in the very short 24 hour period.
3. You have to consider how your trades will be affected by new reports - EVERY DAY
4. You have to constantly be glued to your monitor to look for and wait for trades as richadi36 said..
..among several other factors.
Again, you might be successful at this despite these problems, but you are among the few.
At the end of the day, if people are given a choice between becoming a Millionaire using the HTFs or the LTFs most will choose the HTFs because you have more time to do other things in the 'real world' etc. Who really wants to be tied to a computer everyday if given a choice?