@ 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.
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.
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Joined Jul 2010
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Status: Building Edge SandwEdges
|314 Posts
[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.
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.
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.
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.
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.
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.
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.
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
