neil
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I think tha the biggest problem/trap is to jump straight into the smaller tf's because of the smaller stops and higher leverage that can be used in order spin up accounts and make vast amounts of cash quickly.
The problem is that these patterns fail far more often on the intraday tf's and there are more pitfalls to be aware of, time of day news anounce ments, rumours, and so called 'spikes' are all dangers to the smaller tf's.
Best thing a new aspiring trader can do is stay at 4h or above untill they are consistantly profitable and then move down to test the lower tf's.
Ofcourse if you have a proven mentor from the start or start off at a firm that trains you the above may not apply.
Yes -plenty of lemmings feeding on the crap in the, "get rich quick with no brain cells required, " threads.
However, for those looking for various approaches to trading I have found this article which relates to one approach at trading. Might be of use as a starting point for some here.
Strat's Long Term Stress Free Trading - Page 1090 @ Forex Factory
A bit on Price Action
Price Action Basics [Forex Training]
Enjoy:smart:
Trader-Dante of T2W http://www.trade2win.com/boards/search.php?searchid=7462118
and James16 on Forexfactory http://www.forexfactory.com/showthread.php?t=2331
might be useful as a background read.
There are other sources of info-see "articles" (top of page) and threads for first steps etc on Trade2win
What's the purpose of this thread, if I had to guess it would be trying to drum up support for Forex factory. I read complaints about trade to win not having any good threads, but all of seen from you all is a useless thread. And a bunch of links Forex factory highlighting totally worthless information there by traders they can't trade.