Quote:
Originally Posted by n_aftab
forex Ninja, can you maybe offer some assistance with that for the newbies, as i personally think its rare to come accross a system that works off day bars or 4 hours. Most of the traders i know prefer to work with shorter time frames,
Perhaps if you directed them to a method of working with the longer time frames this may help?
|
The idea that most of the folks you know prefer shorter-term trading doesn't necessarily have anything to do with the success rate of longer-term trading. Many folks just like the action and activity of trading shorter-term.
If you are using a technically based system, then it should (in theory) be just as applicable to long-term trading as to short-term trading. A break-out is a break-out, a moving average cross is a moving average cross, no matter what timeframe. Actually, moving out longer-term often means seeing smoother trading action.