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Hey Vidvad, do you still use fixed bars on 30m timeframe? I see that in your recent vlogs you are using fixed bars on 15m tf. Do you decide the timeframe to trade the fixed bar method according to the market volatility?
Hey Rorex, in my opinion, your questions indicate that you are still too concerned with what vidvad is doing and not focused nearly enough on what you, Rorex himself, is
observing.
1% better every day. You are likely hoping for too much, and as a result, you are running in place. Progress, if you see any, is an illusion. For you, 1% better might start with one week of just sitting in front of your screen and watching 1 30 minute candle open, print its high and low, and then close. No trading, no measuring, just watching. Then, the second week, maybe you watch the market for a whole hour, watching two 30 minute bars form.
1% better every day has to start very, very small. Without any more details from you, I'd bet you are trying to accomplish too much too fast.
Slow your process down so you can build the habits necessary for success.
In trading, the key habit is that of careful observation. Why? Because only through careful observation will you build the skill of pattern recognition.
And pattern recognition is a prerequisite to building a trading plan with an edge ton which you can then set yourself to the task building confidence in the execution thereof.
As to your question, I have often stated, both in posts and in video, that I will vary the fixed bar interval based on volatility, average range, and, simply, what I observe the market doing "these days." I still favor M30's over all others. However, for defining specific set ups under specific times, I am flexible, and I may use an M15 or move up to an M60. These decisions are based on my past and present observations.
Furthermore, the fixed bar interval varies by instrument: I will sometimes apply the same interval to ES, GC, and NQ simultaneously, and quite often I'll be applying a different interval to one or more of them.
1% better every day, Rorex. As you finish reading this post, don't react to my words. Take a few moments, thoughtfully reflect on where you are and what you've been doing these past few months. 1% better every day over 60 trading days (3 months) would put you at 81.67% better today than you were three months ago. Be honest with yourself: Are you 81% better than you were 3 months ago? If not, do you feel you've made much measurable progress beyond the point at which you started? If not, then why not take my advice, slow everything way down, and put yourself on a path following a process that will see you enjoying massive improvements in your mindset, skill level, and happiness over the next 6 months?
I have a meeting to get to which will likely tie me up until sometime after the NYC lunch hour. If I have time this afternoon, I'll record a video addressing what I've posted here. I hope none of this sounds harsh to you. None was meant in anything but a helpful and caring sprit, I assure you. I know where you are. I know because I was there for many, many years. You don't have to be there for years. But you have to commit to taking small steps to build the habits of success.
1% better every day. That doesn't mean you add something every day. You must start small, pick one little habit to focus on forming, and then work that habit for several days, maybe a week or more if necessary.
In order to put process over profits, we must form the habits required to follow the process.
Life itself is a privilege, but to live life to the fullest is a choice