MightyOne wrote:prochargedmopar wrote:I figured out what trading parallels to me.
Its like gettting a new puppy,
Only to watch it get run over by a bus.
A system is like a pair of tight-fitting jeans on a market that constantly expands and contracts.
Ideas are like stretchy-pants, wear stretchy-pants my friend - Bruce Lee (paraphrased)
A system attempts to tell you what you should do NOW.
An idea simply guides you OVER TIME.
Now I am not saying that you should trade monthly charts!
Simply imagine yourself trading long and short over an extended period of time
knowing that larger charts must move a hundred or hundreds of pips.
You aren't really interested in the pips, all that you care about is aligning yourself
with the direction of profit; short term it will be in the short term direction &, the more
time that you spend on a pair, it will shift to the longer term direction of profit.
AJ HnH pattern.
D1 would be simply for scalping into the monthly direction.
"Adding value" as M.O. calls it.