And I’m suggesting that it’s not, & it appears I’m not the only one on here who thinks so.
Lot sizing isn’t the issue. Neither is risk or position management.
The real issue lies with the psychological make up & belief structure of the trader.
A half cent stop loss trading short off 1.30 on EURUSD with a 3 handle potential profit return looks exactly the same on a 1 minute chart as it does on a 4 hour one.
The fact we might adopt slightly differing entry criteria isn’t really the issue either.
The fact I choose to size & manage the position tracking it via my 1 or 5 or 15 minute data output as opposed to you sizing & managing it via your 4 hour, Daily or Weekly view is irrelevant.
It’s all in the mind! ![:slight_smile: :slight_smile:](https://forums.babypips.com/images/emoji/twitter/slight_smile.png?v=5)
If I’m seeking to pyramid my position based on the propensity for price to successfully negotiate yesterdays low or last weeks low, then that level will appear with as much clarity on my 1 minute chart as it will on your Daily one.
It might if you didn’t possess a tight & disciplined plan.
But if I’d already decided my risk, cost & potential profit return probabilities were higher & potentially more rewarding trading in one specific direction, why would I want to consider adopting a counter entry trade?
What does timeframe have to do with primary directional flow? It’s simply the same data viewed through different lenses.
It might be for you or someone who doesn’t possess a tight & disciplined plan, but in no way does that indicate that most successful long term pro traders generate their profits exclusively from longer term chart deployment.
Like I said, if that trader has problems controlling their emotions or weak psychological issues, then that might be an obstacle to them operating down at the micro timeframe level. But it sure doesn’t preclude a trader generating long term profits by working off sub hourly timeframes.
We’re doing exactly the same thing, difference being I’m looking at it through a different lens than the one you’re peeping through, that’s all.
Fact is, successful traders can & do operate a varied cross section of strategy outlooks that encompass the differing timeframe options. It’s not necessary to trade longer timeframes in order to generate long term profits, as the material & information on the 2 threads I mentioned earlier perfectly illustrates.