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Most successful m1 method/system

  • #21
  • Jul 6, 2013 5:51am Jul 6, 2013 5:51am
Quoting AminaTrader
I think the best method to profit from m1 trading is to apply simple PA logic. I wouldn't look for a hardcore system with 1000 rules. M1 is very fast and you don't have the time to think about the positions of 20 different indicators. By learning to trade price action, and by practicing A LOT, you'll figure it out and start to see paterns. Then you can trade a naked M1 chart.
So how do we start? How to apply "simple PA logic"? How to learn to trade "price action"? The M1 chart is already showing the price action so what do you mean by "learning to trade price action"?
No longer trading forex. Looking for full time job.
  • #22
  • Last Post: Jul 7, 2013 4:40pm Jul 7, 2013 4:40pm
Quoting mahk90
Hi all, I have been trying to trade forex for many months now, studying reading night and day, lost thousands, i know there is something there that works but need to find the right one. I only registered with FF few months ago, I have looked through many threads and i'm confused more than ever although price action seems to make sense but can't fully grasp it. I was hoping some of the helpful people can guide me to which systems/ methods are the most successful. i understand some systems work better on different time frames so I was hoping if any...

If you want to succeed as a trader you must trade longer time frame h4 and daily and hold trades days and at times weeks.
Traders trading 1min chart are often victim of simple market randomness. Think of highway.You are in the middle of it and you are trying to dodge cars coming at you and you might dodge few but will get hit over and over until you got no more strength to stand up.. Now go up the hill and look at the same highway from safe distance.Not only you see the road clearer but you can see accidents ahead...
By % wise scalpers make least amount of money and higher ratio of failure.
I can get lot more into it but please read Bird watching in Lion Country by Dirk du Toit to get an idea.
In trading, you have to be defensive and aggressive at the same time
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