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Freebie 1 min trading method

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  • Post# 1
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  • First Post: Jan 29, 2012 6:01pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
I have been trading forex for 9 years, and my favorite time frame is the 1 min
  • Post# 2
  • Quote
  • Jan 29, 2012 6:01pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
I will post indicators and a template on Monday
  • Post# 3
  • Quote
  • Jan 29, 2012 6:23pm
  • iono
    Joined Sep 2009 | 185 Posts | Status: PipMaker
Sounds good, I look forward to this as I have found trading in the one minute time frame to be to nerve racking for me
Never been vouched
  • Post# 4
  • Quote
  • Jan 29, 2012 7:18pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
@ iono, if 1 min trades last for 20 to 45 minutes. understand how it can be nerveracking. If you watch a 15 min chart reversals happen pretty regular every 45 minutes. Trade the 1 min on these reversals and you are golden

Most people think trading the 1 min charts happens so quickly that you dont have time to think, but just watch the 1 min charts for a while and you will see that 1 min swings last for longer than you would think. You just need a good setup to get into the swings with a small stop loss.

Charts to follow
  • Post# 5
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  • Jan 29, 2012 7:28pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
I have a unique way of looking at the markets, especially forex, which is 1 of the best trending vehicles you can trade. All you need to do is learn how to find a trend and then trade the heck out of it in the direction of a higher time frame.

If you will indulge me for a few months and pay attention to what I am trying to tell you, you will have an advantage that will be yours for many years to come.

HH
  • Post# 6
  • Quote
  • Jan 29, 2012 7:42pm
  • Sarythsaya
    Joined Jul 2010 | 242 Posts | Status: Building Edge SandwEdges
[quote=hharrington;5336559]I have a unique way of looking at the markets, especially forex, which is 1 of the best trending vehicles you can trade. All you need to do is learn how to find a trend and then trade the heck out of it in the direction of a higher time frame.



I am trading the 1min at the moment in the direction of the larger trend - and the biggest issue i see is waiting for a large enough pullback before entry. What i will be interested in is seeing how you determine the best levels at which to trade reversals back into the larger trend.
  • Post# 7
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  • Jan 29, 2012 8:28pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
First lesson is we need to know the direction of the 15 min

I am convinced that Heiken ashi smoothed indicators give you a distinct advantage in finding direction on any time frame
Attached Image (click to enlarge)
Click to Enlarge

Name: visually pleasing 15 min chart.gif
Size: 54 KB
  • Post# 8
  • Quote
  • Jan 29, 2012 8:32pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
Trading is all about finding a setup that fits your eye visually. Trading is a visual game with lots of help from indicators, and they do work very well if you put the correct indicators with the correct time frames.
  • Post# 9
  • Quote
  • Jan 29, 2012 8:41pm
  • Sarythsaya
    Joined Jul 2010 | 242 Posts | Status: Building Edge SandwEdges
Am i correct to suggest that you would not have taken the first setup as the chart was still in a downtrend at that time?
  • Post# 10
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  • Jan 29, 2012 8:44pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
You are not correct in assuming anything at the moment, since I have not finished showing you my setup. Be patient, trading is a waiting game for the right opportunity.

HH
  • Post# 11
  • Quote
  • Jan 29, 2012 8:47pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
I would like to set your minds at ease, this is not a prelude to selling something, or giving you bits and pieces and then requiring you to join a paid subscription to find out the meat of the system. It is going to be a piece by piece information on a very profitable short term trading method that I have been using for years, and have been fortunate enough to add bits and pieces to it to make it a very easy method to trade.

HH
  • Post# 12
  • Quote
  • Jan 29, 2012 8:50pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
The next thing that is of paramount importance, is to find a daily average indicator that is fairly accurate. We are only going to trade pairs that average more than 100 pips a day.
  • Post# 13
  • Quote
  • Jan 29, 2012 9:04pm
  • LuckyLefty
    Joined Jan 2012 | 25 Posts | Status: Member
Keep going my friend, I like what I see. I've heard that the 1min chart is career suicide over and over again so I'm interested to see what you work with.

I have already learned something new just by viewing your chart you showed above.
  • Post# 14
  • Quote
  • Jan 29, 2012 9:10pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
I want to caution anyone who reads this thread, I am not going to answer stupid questions, or go over anything again.
If you want to learn something from this thread read it and go over it until you understand it.
I will give all the information to you a bit at a time and if you pay attention you will be able to trade any time frame that you wish to trade, the emphasis being put on the 1 min time frame. If you pay attention you can adjust a few indicators and trade this method on any time frame.
  • Post# 15
  • Quote
  • Jan 29, 2012 9:20pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
Thanks for the kind word Lefty
  • Post# 16
  • Quote
  • Jan 29, 2012 9:26pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
As i mentioned before I look at the market differently than most of the guru's that profess to be teachers.

For the 5 min to change direction the 1 has to change first, and for the 15 to change direction the 1 and the 5 have to change first. Most of the gurus that teach forex preach from the top down in trading, example, watch the 4 hr to trade the 1 hr....

What I am looking for is a 1 min trade to turn into a 5 min trade, and a 5 min trade to turn into a 15 min trade etc etc....

The upper time frame direction is important to trade the lower time frames, but the lower time frames change direction first

Does that make sense
  • Post# 17
  • Quote
  • Jan 29, 2012 9:28pm
  • hharrington
    Joined Oct 2007 | 477 Posts | Status: Member
After all that being said, LOL, I am always looking to convert a lower time frame trade into a longer timeframe trade,,,why????? it should be obvious,

Lower risk means more gains.
  • Post# 18
  • Quote
  • Jan 29, 2012 10:17pm
  • Magusa
    Joined Jan 2012 | 34 Posts | Status: Member
Quoting hharrington
After all that being said, LOL, I am always looking to convert a lower time frame trade into a longer timeframe trade,,,why????? it should be obvious,

Lower risk means more gains.
Can we name this scalping? I used M1 and M5 too for short time trading, and always look for H1 or M30 for the real trending...

As a short time trader, stockastic and RSI is needed.. and for sure, I avoid the US session.. M1 is just a whipsaw in US session...
  • Post# 19
  • Quote
  • Jan 30, 2012 12:38am
  • Aztrader2
    Joined Oct 2010 | 439 Posts | Status: Freedom Trader
Something tells me here is enough "meat" to satiate our hunger for pips......
Lookin' forward to know more.....

Thanks for sharing bro!

Btw. Why thread has been moved from "Trading System"?
  • Post# 20
  • Quote
  • Jan 30, 2012 1:24am
  • Favorite
    Joined May 2011 | 2,223 Posts | Status: Member
Really good stuff...

hharrington, keep talking!
Gentlemen always play by the rules. If they can't, they change the rules.
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