Having done a lot of reading and discussion I am a bit confused. TA signals and indicators , like pretty much everything we do reading a chart…suggest that you have to use D1 as the scale.
That makes me very confused - as people who are intra day traders are using M5, M15, H1, H4, etc etc…but what are they looking at as the TA analysis cannot be trusted at these scales!?
I know 70% of traders loose, so perhaps it’s them who makeup the majority of the losses, they all try intra day trading.
If you are going for longer trades…how do you appropriately size the pip gains and risks, given the pretty large swings that can happen in a single day? To me, that almost seems higher risk?
It’s odd that I have not read anywhere in the babypips education (so far) that I should avoid intra day trading. Is that a firm solid rule!? Avoid!?