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Trading off 10 seconds charts

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  • First Post: Oct 14, 2014 9:52am Oct 14, 2014 9:52am
This is not a system. It is the style of the trading.

Price is the function of the human emotions.

Price explodes (moves rapidly to one direction) because of the hit stop losses / margin calls.

Trading off the 10 s charts can be very very profitable.

It can also be extremely dangerous.

You must have the exceptional ability to hold yourself in the total control. If market takes over you are lost.

Yes, I make on the average 5 % per day.

Yes, I have days in the red.

I know you are here 'cause you are looking for the HG / miracle. There is none.

There are only few brokers you can trade with off 10 s charts.

99 % using my trading style most probably will go bankrupt.


Anyone still interested?
For my fallen angels.
yes.
there is always, always another trade!!
haha.. i trade 1 second timeframe too but not manually..

yes, interested in learning what you can do on 10 second timeframe manually.
Think : Trade : Live Life
How this is could be achieved without loosing your mind or / and whole account?

Shortly, my profit usually is 3 - 5 times bigger then loss.

Additionally, I have just two fool - proof setups. Two. That's more than enough.

And third, I always enter with the half position - that is psychological thing - if I want to risk 1 lot, I will just 0.5. Will show it later.

Finally / firstly: you should clearly identify momentum. And here is where 10 s timeframe comes in. Just compare next two graphs. First one obviously says: price goes nowhere and the second one: it is the momentum. Even in the still images one can feel action.

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For my fallen angels.
Quoting Big_A
How this is could be achieved without loosing your mind or / and whole account? Shortly, my profit usually is 3 - 5 times bigger then loss. Additionally, I have just two fool - proof setups. Two. That's more than enough. And third, I always enter with the half position - that is psychological thing - if I want to risk 1 lot, I will just 0.5. Will show it later. Finally / firstly: you should clearly identify momentum. And here is where 10 s timeframe comes in. Just compare next two graphs. First one obviously says: price goes nowhere and the second...
what you are showing here is approx 15 mins worth of 10 seconds bars. in figure 1, you see a small 15 minute range while in 2, you see a bigger range and close to bottom so you can say trend is down. This i suspect will show as small indecisive 15 mins bar (fig1) and large red 15 min bar with large body (fig2).

so far so good. lets discuss more
Think : Trade : Live Life
I did it. did it with tick charts. traded even with 3 tick charts. (every bar prints with 3 ticks)
way faster then 10 secons.
but at some point COST eat profit.
if you have solution for that I really wanna hear.
trading those fast charts are always a fun & fits way better to me. but again as said cost is the key.
GL

Quoting Big_A
This is not a system. It is the style of the trading. Price is the function of the human emotions. Price explodes (moves rapidly to one direction) because of the hit stop losses / margin calls. Trading off the 10 s charts can be very very profitable. It can also be extremely dangerous. You must have the exceptional ability to hold yourself in the total control. If market takes over you are lost. Yes, I make on the average 5 % per day. Yes, I have days in the red. I know you are here 'cause you are looking for the HG / miracle. There is none. There...
My Best Trade is Next Trade!
Quoting stt
{quote} what you are showing here is approx 15 mins worth of 10 seconds bars. in figure 1, you see a small 15 minute range while in 2, you see a bigger range and close to bottom so you can say trend is down. This i suspect will show as small indecisive 15 mins bar (fig1) and large red 15 min bar with large body (fig2). so far so good. lets discuss more
Surely it is.

However, what I have noticed during my trading years that concepts, terms (words which define phenomena) influences our way of thinking and that reflects in our behavior. It is not what you think rather how you think affects your actions and trading.

Again, it is important to understand that we trade emotions and the social aspects of human behavior.

So for me there is no such thing as market indecision or trend / range per se. Market is defined by price. Price is the function of the human emotions. This is not some kind of physics based on the formulas.

For me trend / range / indecision is just a simple price range. Having 10 s TF I can feel human attributes - despair, hope, capitulation, hype... I can use this as a human to get profit out of it. 10 s (or alike) is the moment for most of us psychologically (the unit of time we are able to comprehend). We "think" in 10 s duration (or so) as a time unit. It is not 1o min, or 4h. (think of "blink of an eye" meaning).

Below this morning's first trade. This is the setup I call to myself "hype" or "with crowd" trade.

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For my fallen angels.
Quoting MAM.Trader
I did it. did it with tick charts. traded even with 3 tick charts. (every bar prints with 3 ticks) way faster then 10 secons. but at some point COST eat profit. if you have solution for that I really wanna hear. trading those fast charts are always a fun & fits way better to me. but again as said cost is the key. GL {quote}
This is different as I think you used trading software (very high frequency trading, algo trading, name it). In one of the investments companies in the country where I live such mechanic trading achieves 20 - 40 % profit per year. I have to say they use hundreds of algos at the same time.

Tick charts / other price charts are not natural to human and I can't trade them. Please share your experience if I may ask.
For my fallen angels.
My second trade today. This is setup "against the crowd". Notice how stop losses were triggered and sellers liquidity dried because of the close psychological level of 00.

Price moves not because it likes to but because it must (is forced) to. It is not because of demand and supply but rather lack of it.

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For my fallen angels.
Third trade today with setup "against the crowd". 1o pips or so with 1/2 position. Notice the price stalled and then offers (sellers) ran out lifting the price up.

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For my fallen angels.
Today's three trades. Try to think about the market emotional condition at my entry points. Also, if you have ability look how the price movement developed later. As my usual TP stands at 10 pips I normally look at the price development and adjust TP accordingly. Try to find good exit points (some trades were closed before TP, and some beyond).

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For my fallen angels.
Typical "hype + stop'loss" triggered trade. 10 pips in half a minute. Done for today with over 5 %.
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Price explodes.

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For my fallen angels.
First two trades today. 15 pips or so so far.

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For my fallen angels.
One more trade. And the second attempt to break trough 00 psychological level. Notice the shorts coming in. If sellers run out price will explode due to stop losses and lack of seller liquidity.
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For my fallen angels.
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And finally the breakthrough. 5 % + for today.
For my fallen angels.
Hi Big A, I like your method, I tried it this morning with Ninja Trader on my practice account trading CL. I made $250 in my first two trades with 1 lot. I just put on period 60 bb's, and waited until price was outside the bands and headed back in and was successful! Obviously that was just beginners luck, I might keep on demoing this in the fast market times, like first two hours of NY open. It's fun! But only on demo. I'm sure it would be much more stressful on a real account.

By the way, what instrument do you trade?
Quoting Timo7
Hi Big A, I like your method, I tried it this morning with Ninja Trader on my practice account trading CL. I made $250 in my first two trades with 1 lot. I just put on period 60 bb's, and waited until price was outside the bands and headed back in and was successful! Obviously that was just beginners luck, I might keep on demoing this in the fast market times, like first two hours of NY open. It's fun! But only on demo. I'm sure it would be much more stressful on a real account. By the way, what instrument do you trade?

Thank you. However, it is very risky simply take trades because the price goes outside BB. On the other hand, if you keep tight SL - it is really good approach. Some years ago I was simply taking such trades and was able to multiply my account more than 10 times in 2 months. My advice would be to keep your emotions away from trading if your SL is hit.

I trade EJ. As I live in EU I need the pair that one of the binom would stay away from any disturbances related to directly linked events. For yen the market is closed so more or less I trade Euro. Why Yen? Movements (range) of the price are big enough to have good profit and the spread is very low.

Wish you the very best luck in your trading.
For my fallen angels.
First trades today. Slightly different "road signs" but the essence remains the same. Buyers' liquidity runs out and the price falls.

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For my fallen angels.
.50 psychological level. Price halts and I enter longs with two 1/2 positions. SL is very tight.

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For my fallen angels.
And then happens this: price explodes fueled by stop losses. 10 + pips.

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For my fallen angels.
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