hi moneyline, i totaly agree what you say but only 1 thing is strange to me.Nina take profit from his system at 10-15 pips for first lot.Isn't that scalping.And it is done on 30 minutes chart.it is like doing surgery with an axe.
My idea with 5 minutes was exactly the oposit of catfx system witch is for trending market or 'gently' ranging market.In 5 minutes my goal would be to scalp the brake of EMA 50 of 5 min (or even ema 34 i use both and i look what is better that day) and to get profit target on next sup-res,pivot or trend band.Trend bands use ema 34 as midle line and outher bands for targets.
Igorad everything you say about consolidation market is true and peaple should focus on higher time frame to avoid chopy but peaple-we are not patient to do that.I can't sit and do nothing just to vait next big move.It could take days or sometimes even weeks.That is why i want to focus on smaller time frame to be able to scalp if i see ranging market when catfx on 30 minutes will be losing system.
Question here is is it possible to do this and make profit or to wait big move
and play more secure.
With entries on 5 minutes i think we can still play original catfx 30 because we will be in the market lot earlier than catfx 30 and if we see a brake there on 30 we can just try to stay in that position.
But dont listen to me as i am still bad undisciplined trader....i know almost everything from tehnical to fundamental aspects but i am just stupid enaugh to play like beginer and it is all due to emotions ,fear and very bad expiriance from forex last 3 years.