23-01-2007, 12:00
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#22
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Banned
Join Date: Jun 2006
Posts: 236
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Re: High Frequency Trading
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Originally Posted by Soul-Trader2004
those are the words of a wise man. tho you can still do that AND make multiple trades - let me explain.
when i do discretionary trade i do not tie myself to any one timeframe and look at the market holistically - i have every single timeframe open from 1 min to 1 day.
my trades however, no matter which timeframe has the setup, are taken oin the 5 minute and my stop exits are determined on the one minute. I trend trade every day and i use the 1 minute because it trends every day.
the one minute chart has around 3-4 trends a day and i treat it like any other trend - i trade it and hang onto it until the trend is dead - sometimes those trends are 20 pips long, and sometimes they are over 100 - yes, ive had many one minute trades over 100 pips - simply because i dont have profit targets and i just follow the trend.
in fact it's my strongest rule that i do not close a trade manually - always on a stop
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No wonder you got this job here at Mtec! Tell us what calculations you perform if you just want to scratch a body part?
You are the absolute maddest trader I ever met and what's worse you worship your method. There is no hope for you and your followers.
Lalaland!
Have never had trouble finding a 4H trend to play among the Majors. One or two hours on the weekend to find prospects and do homework on TA and then when the play materializes during the week I'm in, sometimes early with drawdown, sometimes on breakout. Some positions could last for days and days, some weeks, some a month. In the meantime there is LIFE! A great feeling to be gone from the computer for hours doing other stuff and then return and see that only 1 or 2 bars have concluded.
Now don't get the impression I don't like you, Soul.
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