[Turveyd]

But mainly GBPUSD and EURJPY for me!!

No H4 charts, No Doji candle stick crap. Or M5 or above!!!

If you want to learn how to milk the markets of every pip it's got, this hopefully will become the thread to learn it.

I'll allow intentional scalping ie 4pips, but I'm a M1 Trend trader with a chop system 100pip moves do me, not looking for Sub 30, but will take 4 ofcourse rather than a loss!


And yes I hate H4 trading, it's just ludicrous to me as I'm sure it is to others so this is a H4 safe thread for people like me.


Enjoy!!

p.s. I'm not the / a Guru just a trader trying my best, we are all equal in this thread!!

I also hate all this MM crap so NO, Making Profits is what counts the bigger the better, not how do you lose your money slower!!

Thanks

[bearjoe]

When I first began trading Forex I was using M1 with success. When I started using larger time frames my trading suffered a bit so now I'm back to M1. I guess it just fits my personallity better. I wasted a lot of time waiting on trades to "come back". Longer time frames have been useful but I usually just look at them once at the begining of a session to get an idea of how the week is going to look. Trading M1 allows me to get in and out of the market fast with out temptation of moving my stoploss or letting my loss run in hopes of it turning around. I find that, even with the spreads, the more I trade and take a profit the better I do even if that profit is BE+1.

Oh ya, I trade mainly GBP/USD and been doing some EUR/USD also. I've been rotating between pairs after I take profits on one depending on how it looks.

[Rednose]

Hello Turveyd,

Which tools do you use trading M1?

Did you found a way to filter all the noise on such small TF or do you take advantage of it?

I hope I expressed myself clear, my english is not so good as I want it to be.

Thank you in advance for your answer.

[Turveyd]

Originally Posted by bearjoe

When I first began trading Forex I was using M1 with success....

Cool, I can see the trend change live near enough compared to waiting to a H4 close then guess what the trend actually finished 3hours ago.

GBP/USD and Eur/Jpy to me works better EU and GU trade near enough the same in the afternoon as it's all USD action, where as when GU's slow EJ is normally tradeable and vice versa.

The more you take losses, the more the odds are you'll do something stupid, like moving your SL I find

Lets get M1 rich and annoy the H4ers!!

[Turveyd]

Long on EJ here, on a SMA based trend line 100SMMA ( thats smoothed ) and bouncing up already.

We'll see, SL is tight

Needs to take out 23SMMA for conviction, failed again, hmmm!!

[Turveyd]

Out +16 pips or 6% to my little account

[toshi]

Any pair ? Cool. I'd like to offer the Swiss Franc.

1M chart, no indicators, no nuthin', just price.

See that bounce? Happens several times a week on many pairs,
just like this swissy. It's a typical W bottom formation.
Can you think of anything more simple ?

Forceful drive to the bottom, a bounce to a relief point, a retest of the low,
then a break above the relief point. I take these all the time and have a good hit rate
during the London and NY sessions. The targets are usually small, 20-40 pips,
and I grab some of that and often leave the rest on the table.

Sometimes if it comes within 5 or 10 minutes for a 10 to 15 pip profit,
I'll take it right away instead of waiting so I can go do someting else.

These trades develop quickly and I find that if they take longer than an hour or so,
something generally goes wrong, so there's a time limit on these as well.

Just showing the swiss as an example. All the majors do this with regularity, week in/ week out.

[Turveyd]

Originally Posted by Rednose

Hello Turveyd,

Which tools do you use trading M1?

Did you found a way to filter all the noise on such small TF or do you take advantage of it?

I hope I expressed myself clear, my english is not so good as I want it to be.

Thank you in advance for your answer.

I trade off this template ( attached ) and you'll learn to see it as detail and look at the over all picture of it.

[Turveyd]

Originally Posted by toshi

Any pair ? Cool....

LOL yep any pair if it makes money, share

Nice, let me know when you see 1, H4 players don't even see that LOL

[Rednose]

Originally Posted by Turveyd

I trade off this template ( attached ) and you'll learn to see it as detail and look at the over all picture of it.

Thanx Man I´ll check it out.

[Siuol]

Very interesting. I will be sure to follow this thread. I've been trading unsuccessfully for 4 years now but I'm about to get shaken from the job tree so I have to get it on track. I have a $135 account and I'm shooting for 4% per day, minimum. I've bounced all around in forex (all my fault) searching for that holy grail but I now know it does not exist.

Also, I've finally accepted that 1min trading is the only style of trading that fits my personality. Never really thought having a style to fit your personality was so important but now I see.

[Turveyd]

Originally Posted by Siuol

Very interesting....

I have the grail, well close enough and in the same boat as you and you've not fallen for the H4 is the only way to trade so you'll be fine.

Stick around dude, chip in, don't worry about getting stuff wrong it's how we all learn.

And there is no wrong answer!!

[The Fool]

Originally Posted by Turveyd

I'll allow intentional scalping ie 4pips,....

Hey Turveyd! Good luck with the new thread! I am crazy (who does not know this by now?) and I try to trade across all time frames but, hey, I'm a begineer so cut me some slack.

M1, though, yes, definitely. And for short gains, yes, but over & over. I have got a good eye for the PA where this is quite easy & I will share some chart pics when the time is right.

Happy Trades!

[Turveyd]

Originally Posted by The Fool

Hey Turveyd! Good luck with the new thread! I am crazy (who does not know this by now?) and I try to trade across all time frames but, hey, I'm a begineer so cut me some slack.

M1, though, yes, definitely. And for short gains, yes, but over & over. I have got a good eye for the PA where this is quite easy & I will share some chart pics when the time is right.

Happy Trades!

Prefer M1 for moderate gains think 30pips, would like to let a 200pip run could buy myself a new cheap car then

Only 1 small trade today, +16pips or 6%

[The Fool]

Originally Posted by Turveyd

Only 1 small trade today, +16pips or 6%

Do it every day & you'll be rich in a year no matter where you start from!