Trading on H1 is a lot easier than trading on m1 or m5.

[immy]

Trading on H1 is a lot easier than trading on m1 or m5.

You’d think that it is because of one these reasons.
1. having more time to decide
2. you get more information in favour of your trade
3. "double confirmation”
4. H1 is more reliable time frame”
5. the fundamentals support the time frame
6. it takes a lot more trading to turn an H1 charts than it would to turn let’s say an m1 chart.

All of these points may be valid and applicable in their own right to a certain extent, just as there are hundreds of very good indicators out there that can be used to give a trader a trading advantage as well as those that were created by sick headed guys with no idea of what an edge is or by those who simply wanted to create an indicator for selling a product.

Trading the hourly chart is a lot easier because you only get to look at your chart for a few minutes per day. And that may not sound like a profound advantage but let me try to explain why.

What is the biggest problem of traders? Is it the lack of information? Is it not having access to a good proven trading methodology? Is it the lack of “brain tissue” or the grey matter”? Is it the lack of education and training? Again the above questions and their respective answers may be true and applicable to a certain extent but they don’t answer the question as to why the hourly time frame is better than the time frame shorter than the hourly time frame such as the five minute or the faster one minute time frame. The answer to this again is, one that is mental.

We at AIMS all know that, or at least I think we should because we have been trying to communicate this one message over and over again.
The biggest problem of traders is “Lack of Consistency”. Consistency is not the name of being disciplined for a week or two. It’s not just an attempt at being “profitable”. It is a mind-set. This phenomena has been introduced in the book AIMS – Activating the Zone.

The point is that the biggest problem in trading is that traders “make mistakes” Consistently.
I hope by this point you have arrived at what I am trying to get at, which as follows.

The reason H1 is better than m5 or m1, especially beginners, is simply because it reduces your time exposure to charts hence reducing your exposure to more information. You only get exposed to a chart for 1 min per hour where you make a decision of either of these
1. Take action on an entry signal, either take it or filter it.
2. Apply your trade management plan

Once you’re done with that there is absolutely no need for you to stare at your charts for the next 55 minutes. This may not sound profound but the reality is that it is actually the difference between success and failure in terms of becoming a “Consistently Successful Trader”.