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Microtrading the 1 minute chart

  • #41
  • Dec 6, 2006 8:03am Dec 6, 2006 8:03am
Quoting cesarnc
Other interesting thing that I noticed.

If you have ALL signals for a minute scalp BUT the market has no volume, forget it. It will go oversold/overbought way to fast, in a matter of 3-5 pips (you may not even scap this pips, though).

One important key point that was left aside in this pdf file is exactly this: Scalp the signal AND the volume...

100% of the times I tried with no volume I lost.

César
Hi, Cesarnc,

Thank you for posting your 1 minute trading pdf. I have put those indicators and WOW! It really seems to work and I am going to test the method today.

Two quick questions for you. What indicator does one use to track the volume on Forex as you mentions? Do we look at Tick charts or what?

Second, the 1 minute trading info on the pdf was so good, we all are anxious to read the rest of the pdf. Please find the way to post your pdf.

Thank you.

AndyL
  • #42
  • Dec 6, 2006 8:13am Dec 6, 2006 8:13am
Quoting cesarnc
Scalp the signal AND the volume...

100% of the times I tried with no volume I lost.
Hi César,

which broker do you use for your successful scalping? I desperately look for one I can trust and with a charting suitable for scalps.

Cheers
  • #43
  • Dec 6, 2006 8:18am Dec 6, 2006 8:18am
Guys,

Find the whole pdf here: http://rapidshare.com/files/6320312/...rex_System.pdf

Inform in case of problems, ok?

César
  • #44
  • Dec 6, 2006 8:19am Dec 6, 2006 8:19am
Quoting Geldschlucker
Hi César,

which broker do you use for your successful scalping? I desperately look for one I can trust and with a charting suitable for scalps.

Cheers
Geld, I'm "demoing" yet. Using GFT's system and opening my mini there, as I was strongly advised by a close friend.

There's a thread at "Brokers" talking about them. Guess it is a good option.

César
  • #45
  • Dec 6, 2006 8:25am Dec 6, 2006 8:25am
Quoting cesarnc
Using GFT's system and opening my mini there, as I was strongly advised by a close friend.
César,

thanks! I'll take a look at GFT. For scalping we need a scalper friendly broker with very tight spreads, honest execution and great charting.
  • #46
  • Dec 6, 2006 9:56am Dec 6, 2006 9:56am
HI! I just found an indicator that can defined trending and ranging market by it's volume, it's made by coderguru. I just give it a try but I found out that this not gonna working at M1 chart. I hope this will help.
Attached File(s)
File Type: mq4 xpVolume.mq4   2 KB | 1,015 downloads
  • #47
  • Dec 6, 2006 9:58am Dec 6, 2006 9:58am
i know this is very shameless
but we newbies would love to get some knowledge of the way u work.
if it is at all possible to trade successfully using the 1 min chart that is the best thing that can happen for a forex trader.
if a quick 5-20 pips can be made then nothing beats it in my opinion.
the aim to try forex was to make decent money but not be married to the pc.
forex was suposed to set u free from ur job not enslave one to the computer for 8-10 hours.
any particular time frame? any ,ahem, particular atrategy
sorry for being balatantly brazen but it's woth a shot.
faddy


Quoting aswilled
A million dollars can easily be made if you trade everyday and trade no less than 10 lots. The object is to trade correctly. If you can trade .1 to 1 pip and achieve success, you can do the same with any amount of lots. You just have to have the money in the bank to cover such a large bet. Otherwise a margin call will wipe you out. I have made $26,000+ in 11 hours and $36,000+ in 7 hours last month. And thats just two of the trades I did. And I trade everyday that I can. And I did that with 10 lots. With $10,000 in your account, you can make 6 figures every month if you are trading a volatile currency like the pound.
learn something everyday
  • #48
  • Dec 6, 2006 12:17pm Dec 6, 2006 12:17pm
Quoting cesarnc
Guys,

Find the whole pdf here: http://rapidshare.com/files/6320312/...rex_System.pdf

Inform in case of problems, ok?

César
Thanks.

AndyL
  • #49
  • Dec 6, 2006 2:35pm Dec 6, 2006 2:35pm
Quoting Stan
What trading style/techniques have you found that has been so good to you?
Stan
Thats the key to my success. I don't have a system. But I do have a method to this madness. I just know how to trade. So thats what I do. I see the trends before they are established and i enter and ride it out till I'm being told its going to end. I teach my style to people with success. Its easy to learn and practice. One thing I keep in mind is I can't control the market, so I don't try. i have my predictions but don't trust them until the market agrees will me. We will see higher prices after this retracement. just be careful and place your bets on the trend, not in a system.
A. Finesse Williams Making Millions One Pip At A Time!
  • #50
  • Dec 7, 2006 2:01am Dec 7, 2006 2:01am
I never use 1 minute chart, I like 5 mins and hourly and 4 hours period.
  • #51
  • Dec 7, 2006 3:22am Dec 7, 2006 3:22am
Find attached
Attached File(s)
File Type: zip $1k to $1000000 - rev ProdiG.zip   14 KB | 1,193 downloads
  • #52
  • Dec 8, 2006 8:51am Dec 8, 2006 8:51am
Trade your plan and plan your trade. Somebody coined that phrase along time ago. The money will then follow.

Concerning yourself with how much you can "possibly" make is nothing but a distraction.
  • #53
  • Dec 8, 2006 9:38am Dec 8, 2006 9:38am
wow this is the first time i traded the nfp with the 1 min chart. its great for news trading. 4 trades today. took my 25 pip tp on all.(not even close to max profit) i usually avoid news as much as possible.
  • #54
  • Dec 8, 2006 11:46am Dec 8, 2006 11:46am
Quoting ProdiG
wow this is the first time i traded the nfp with the 1 min chart. its great for news trading. 4 trades today. took my 25 pip tp on all.(not even close to max profit) i usually avoid news as much as possible.
Yeah, my first, too. Just on demo + 1min chart all the way. Got myself 80pips even being extremely cautious.

Hope next time to have my mini on that (battle) field
  • #55
  • Dec 8, 2006 11:53am Dec 8, 2006 11:53am
Quoting cesarnc
Yeah, my first, too. Just on demo + 1min chart all the way. Got myself 80pips even being extremely cautious.

Hope next time to have my mini on that (battle) field
congrats. i got a second alert around 11:30am for a gbp short. got another big runner. i guess the 1 minute might be the best time frame to trade news. i guess im waking up early from now on.
  • #56
  • Dec 17, 2006 11:29pm Dec 17, 2006 11:29pm
Quoting ProdiG
congrats. i got a second alert around 11:30am for a gbp short. got another big runner. i guess the 1 minute might be the best time frame to trade news. i guess im waking up early from now on.
Hi guys!

How are ya doing with 1 minute TF? Want to hear your exeperience since last Friday.

For me, I've been using 1 minute TF for the last one week live and made >20 PIPs everyday on GBP/USD pair. I look at 5 and 15 minute TF for the direction and use Bollingers Band (18) and RSI (14) for an entry.

I also had great results with last Friday CPI news. 1 minute TF seems to work great when you want to fade the initial spike.

Cheers!

AndyL
  • #57
  • Dec 18, 2006 6:46pm Dec 18, 2006 6:46pm
Quoting AL4715
Hi guys!

How are ya doing with 1 minute TF? Want to hear your exeperience since last Friday.

For me, I've been using 1 minute TF for the last one week live and made >20 PIPs everyday on GBP/USD pair. I look at 5 and 15 minute TF for the direction and use Bollingers Band (18) and RSI (14) for an entry.

I also had great results with last Friday CPI news. 1 minute TF seems to work great when you want to fade the initial spike.

Cheers!

AndyL
doing pretty much the same as you are except for the over 100 pip nfp. i aim for about 20 pips a day and i usually reach that target.
  • #58
  • Dec 19, 2006 12:48am Dec 19, 2006 12:48am
Quoting ProdiG
doing pretty much the same as you are except for the over 100 pip nfp. i aim for about 20 pips a day and i usually reach that target.
Hey,

If it isn't too much trouble could you post a sampling of your trades as an example of how your attacking things.

All the best

AlexFX
  • #59
  • Dec 19, 2006 3:34am Dec 19, 2006 3:34am
I think this may be very good for those who have little time to trade, made +27 pips just started learning only. Anyone can suggest a good take profit target.I think if you are long when the 3 ema cross the middle BB, after which 3ema cross back to the middle BB line you can take the profit. Only took a few trades as of now so am not sure whether that is a gd way.
  • #60
  • Dec 19, 2006 8:45am Dec 19, 2006 8:45am
Quoting rgaulli
Hello! I'm assuming the 20 SMA is a worthy replacement for the middle bollinger band as the Intellicharts version I am using contains no provision for a third bollinger band. Many thanks!
18sma not 20sma..
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