Nitin's Journal

[Nitin]

Again a losing trade (

[immy]

Again a losing trade (

Just look to the left, you have your answer. Change Time frame with the same entries and exit arrows and see on m5 where your entry was.

It was not a bad attempt. If it had dropped there and then you'd have put yourself into another impulse wave down, which is yet to happen at the time of writin this. Right now, its trying to break that m5 levels short.

[Nitin]

Again a losing trade (

Just look to the left, you have your answer. Change Time frame with the same entries and exit arrows and see on m5 where your entry was.

It was not a bad attempt. If it had dropped there and then you'd have put yourself into another impulse wave down, which is yet to happen at the time of writin this. Right now, its trying to break that m5 levels short.

thanks Immy wht ever the reason, but I m lose by M1 tf. I tried M1 many times earlier but I bever could make profit in this time frame. As I said earlier I think I should only trade in m5 tf. waiting for ur advice

regards

Nitin Raj

[Nitin]

Again a losing trade (

Just look to the left, you have your answer. Change Time frame with the same entries and exit arrows and see on m5 where your entry was.

It was not a bad attempt. If it had dropped there and then you'd have put yourself into another impulse wave down, which is yet to happen at the time of writin this. Right now, its trying to break that m5 levels short.

thanks Immy wht ever the reason, but I m lose by M1 tf. I tried M1 many times earlier but I never could make profit in this time frame. As I said earlier I think I should only trade in m5 tf. waiting for ur advice

regards

Nitin Raj

[immy]

Nitin

There is nothing wrong with trading other time frames. Choose your time frame and stick with it atleast 20 trades. Use the 20 trades technique to analyse. It may not be a big enough sample size but still it gives you alot of information about the market the strategy and most importantly YOU.

cheers

Immy

ps: Do not take a decision based on a day's trading you must make decisions based on big enough sample size.

[Nitin]

Nitin

There is nothing wrong with trading other time frames. Choose your time frame and stick with it atleast 20 trades. Use the 20 trades technique to analyse. It may not be a big enough sample size but still it gives you alot of information about the market the strategy and most importantly YOU.

cheers

Immy

ps: Do not take a decision based on a day's trading you must make decisions based on big enough sample size.

Thanks so much dear for your kind advice, Immy I think Trading only eu on M5 is not enough to get sufficient setups from 1-2 hour trading time, I"ll try the pairs that you suggested in Manual ebook.

Warm Regards

Nitin

[Topher]

Nitin

I share your frustration of trading M1. I really struggle emotionally with it, however I am going to give it my best shot and will trade it until May (5 months of trading) before I decide what to do. You have only been trading for a very short time you need to have a plan and stick too it.

Have you thought of H1 and/or H4 to complement M1 or instead of? I am much more comfortable on these and just take a quick look on the hour to see whats going on.

Richard

[Nitin]

Nitin

I share your frustration of trading M1. I really struggle emotionally with it, however I am going to give it my best shot and will trade it until May (5 months of trading) before I decide what to do. You have only been trading for a very short time you need to have a plan and stick too it.

Have you thought of H1 and/or H4 to complement M1 or instead of? I am much more comfortable on these and just take a quick look on the hour to see whats going on.

Richard

Richard I tried Aims on M1 for short time but in last two years whenever I tried M1, I always get loss.

I personally believe in volume, and think that highest TF= More volume, smaller tf= less volume. and M1 is almost volume less lol, most of the technical analysis failed in this time frame. How ever Aims is the first system I got which is seems to working on it but needs lots of discretion. Good job to those who are trading M1.

Btw in place of M1 I decided to trade M5 let see how it would go, finger crossed

Thanks for your comment

Warm Regards

Nitin Raj

[immy]

Nitin

I share your frustration of trading M1. I really struggle emotionally with it, however I am going to give it my best shot and will trade it until May (5 months of trading) before I decide what to do. You have only been trading for a very short time you need to have a plan and stick too it.

Have you thought of H1 and/or H4 to complement M1 or instead of? I am much more comfortable on these and just take a quick look on the hour to see whats going on.

Richard

Richard I tried Aims on M1 for short time but in last two years whenever I tried M1, I always get loss.

I personally believe in volume, and think that highest TF= More volume, smaller tf= less volume. and M1 is almost volume less lol, most of the technical analysis failed in this time frame. How ever Aims is the first system I got which is seems to working on it but needs lots of discretion. Good job to those who are trading M1.

Btw in place of M1 I decided to trade M5 let see how it would go, finger crossed

Thanks for your comment

Warm Regards

Nitin Raj

Nitin

I disagree with you many counts t here. (IMHO)

1. Volume is Volume when its there its there, when its not its not. How do you find volume in forex markets anyway?
2. Technical analysis always fail and will fail on any time frame 50% of the time.
3. It does not need lots of Discretion. In fact if you follow Grants Flow Chart there is very little room for discretion. (however I believe that achieving the stage where you're able to trade more from intuition yet following your rules, simpler rules, is the ultimate goal here.

If you cannot trade a setup on M1, you wont be able to trade it on M5 either (most probably) having said that, if m1 is too fast for you, and you think spread is higher for you, then m5, but to get decent setups on m5 you'd need 3 pairs. Having said that, if you're still learning i suggest not watching more than 2-3 and trading only 1.

Most kind regards

Cheers

[Nitin]

Nitin

I share your frustration of trading M1. I really struggle emotionally with it, however I am going to give it my best shot and will trade it until May (5 months of trading) before I decide what to do. You have only been trading for a very short time you need to have a plan and stick too it.

Have you thought of H1 and/or H4 to complement M1 or instead of? I am much more comfortable on these and just take a quick look on the hour to see whats going on.

Richard

Richard I tried Aims on M1 for short time but in last two years whenever I tried M1, I always get loss.

I personally believe in volume, and think that highest TF= More volume, smaller tf= less volume. and M1 is almost volume less lol, most of the technical analysis failed in this time frame. How ever Aims is the first system I got which is seems to working on it but needs lots of discretion. Good job to those who are trading M1.

Btw in place of M1 I decided to trade M5 let see how it would go, finger crossed

Thanks for your comment

Warm Regards

Nitin Raj

Nitin

I disagree with you many counts t here. (IMHO)

1. Volume is Volume when its there its there, when its not its not. How do you find volume in forex markets anyway?
2. Technical analysis always fail and will fail on any time frame 50% of the time.
3. It does not need lots of Discretion. In fact if you follow Grants Flow Chart there is very little room for discretion. (however I believe that achieving the stage where you're able to trade more from intuition yet following your rules, simpler rules, is the ultimate goal here.

If you cannot trade a setup on M1, you wont be able to trade it on M5 either (most probably) having said that, if m1 is too fast for you, and you think spread is higher for you, then m5, but to get decent setups on m5 you'd need 3 pairs. Having said that, if you're still learning i suggest not watching more than 2-3 and trading only 1.

Most kind regards

Cheers

Thanks Imran I think you r right, time frame is not the problem may be I am missing something and not able to trade according to rules. Sometime I get frustrated when waiting for setup and its destroy my mind and I trade wrong setups due to lack of patience. Indeed my mistake, sorry for disturbing you.

lets say next!

thank you

Nitin Raj