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Who is using one minute charts to trade?

  • #21
  • Dec 14, 2009 12:21am Dec 14, 2009 12:21am
Wow, how long you need to spend time per day if using 1minute char?
60x60x24?
Just can't imagine how is the trader's life.
  • #22
  • Dec 14, 2009 2:49am Dec 14, 2009 2:49am
Occasionally I feel the need to use 1m charts
  • #23
  • Dec 2, 2010 11:21am Dec 2, 2010 11:21am
I trade of 1 minute charts, no looking at higher time frames at all, I dont scalp as well, but I end up making more than 100 pips.... Today I made about 250 pips... Ofcourse I cant share my trading setup, dont bother asking me about it....

If you want proof, check out my trading for today... made over 250 pips but its a micro account... mind that...
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  • #24
  • Dec 15, 2010 4:14pm Dec 15, 2010 4:14pm
Quoting sriramsh
I trade of 1 minute charts, no looking at higher time frames at all, I dont scalp as well, but I end up making more than 100 pips.... Today I made about 250 pips... Ofcourse I cant share my trading setup, dont bother asking me about it....

If you want proof, check out my trading for today... made over 250 pips but its a micro account... mind that...

now , you know what iam going to ask you dont you ?

what is your trading method !!

you can pm me if you dont want it to go public.


regards
  • #25
  • Dec 15, 2010 10:52pm Dec 15, 2010 10:52pm
Quoting whatfx
now , you know what iam going to ask you dont you ?

what is your trading method !!

you can pm me if you dont want it to go public.


regards
stop asking people that. it's all you seem to do.
Congratulations ScalaFX for coming out of the closet!
  • #26
  • Jan 8, 2011 3:34pm Jan 8, 2011 3:34pm
Quoting sriramsh
I trade of 1 minute charts, no looking at higher time frames at all, I dont scalp as well, but I end up making more than 100 pips.... Today I made about 250 pips... Ofcourse I cant share my trading setup, dont bother asking me about it....

If you want proof, check out my trading for today... made over 250 pips but its a micro account... mind that...

If you were trading any kind of size the draw downs would kill your margin.

It's not good trading to take a 90 pip drawdown for a 20-30 pip profit.

Your smug, little comments made me curious; it's nothing I would ever want to do trading a standard account...
Scarlett
  • #27
  • Jan 8, 2011 6:20pm Jan 8, 2011 6:20pm
Quoting Scarlett
If you were trading any kind of size the draw downs would kill your margin.

It's not good trading to take a 90 pip drawdown for a 20-30 pip profit.

Your smug, little comments made me curious; it's nothing I would ever want to do trading a standard account...

Micro / Real what is the difference to his Margin, sure he'd need 10x's or 100x's the money in the real account but other than that no issue.

And yes 1 of his losers went to -90, other went into 160profit or something, damn good bit of trading, or a lucky spree ofcourse, either way keep it up.

M1 and S10 for accurate entrys personally these days.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #28
  • Jan 8, 2011 7:23pm Jan 8, 2011 7:23pm
1 minute chart is in the white noise. This is a fact. Unless you are trading levels of value, the statistical probability of coming up with 1 min chart trading is low.

Make trading easy on yourself.

Or easier... :-)
  • #29
  • Jan 8, 2011 8:21pm Jan 8, 2011 8:21pm
I don't care what anyone says ... from personal experience and thousands of hours of chart time, it's a helluva lot easier trading on 15m and less. I do trade longer time frames too, but damn ... my bread and butter is on the 15m and less! In my humble opinion, if you can't successfully trade the 15m, 5m and 1m time frames then you have no business trading the 4h, daily, weekly, etc...

Just my opinion based on personal experience!
  • #30
  • Jan 8, 2011 8:36pm Jan 8, 2011 8:36pm
Quoting ericstevens
1 minute chart is in the white noise.
A Trend is a trend, support is support no matter what time frames it's on.
  • #31
  • Edited 8:53pm Jan 8, 2011 8:52pm | Edited 8:53pm
Quoting Turveyd
Micro / Real what is the difference to his Margin, sure he'd need 10x's or 100x's the money in the real account but other than that no issue.

And yes 1 of his losers went to -90, other went into 160profit or something, damn good bit of trading, or a lucky spree ofcourse, either way keep it up.

M1 and S10 for accurate entrys personally these days.
The difference is that he doesn't know if his drawdown will be 90 or 190 or 590; point being that when you let your pips run away from you, you are on a runaway train, you have lost control of your account and there is just pain ahead...yeah sure, sometimes it will turn around and get you out with a minimum of pain (reinforcing a lethal flaw in your game) or sometimes it will just keep moving against you until you are wiped out. In any case, it is the opinion of an amateur who has never traded serious money and who ultimately is still waiting for the lesson that he/she so desparately needs to learn. Facing a $9.00 loss on a micro is very different than watching $900 or $9000 disappear from your account because you are careless.
Scarlett
  • #32
  • Jan 9, 2011 4:39am Jan 9, 2011 4:39am
Quoting Scarlett
The difference is that he doesn't know if his drawdown will be 90 or 190 or 590; point being that when you let your pips run away from you, you are on a runaway train, you have lost control of your account and there is just pain ahead...yeah sure, sometimes it will turn around and get you out with a minimum of pain (reinforcing a lethal flaw in your game) or sometimes it will just keep moving against you until you are wiped out. In any case, it is the opinion of an amateur who has never traded serious money and who ultimately is still waiting for...

Maybe his method has a very high win % but does have high occasional draw down, maybe he just messed up on 1 trade, either way the sample isn't enough to flame him.

It's the end result which counts and thats up nicely, although sample to small.

Definately no reason to flame him, if he is profitable he's 1 of the few 1% on here so bravo.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #33
  • Jan 9, 2011 8:08am Jan 9, 2011 8:08am
me also used to see m1 charts at time to see stallation price & precise price action during scalping but take lines drawn from higher tf daily & H1 & try remember the trends there though not so neccessary as we see over 12hrs in m1 tf window at a time .

like , eu now in a bear set up , actually slightly bear continued at c leg ,bear strong a bit & to d up ,failed so early but trying again with bull set up perhaps & should back near the support again before up if .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #34
  • Jan 10, 2011 3:18pm Jan 10, 2011 3:18pm
Quoting Turveyd
Maybe his method has a very high win % but does have high occasional draw down, maybe he just messed up on 1 trade, either way the sample isn't enough to flame him.

It's the end result which counts and thats up nicely, although sample to small.

Definately no reason to flame him, if he is profitable he's 1 of the few 1% on here so bravo.

Well each one of you might have different opinions about me, however see my overall transactions for the month of december when the eurusd was choppy at its best.... I want to see if there is anyone else who made profits during this choppiest season... Check out my entire trading log for the month of december, includes my losses as well...
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  • #35
  • Edited 11:01am Jan 12, 2011 8:58am | Edited 11:01am
1m charts are the way to go for support and resistance. I use 5m charts to confirm additional movement in the direction I expect. I use very few indicators and support/resistance.

New here, but not new to trading. Just opened my mbtrading demo account a couple days ago and applied my trading strategy.

http://www.mt4pips.com/rrmessiah

As you can see, it works well for me. I hooked up MT4pips a bit too early, so there are those few initial test trades as I was getting used to working with MT4, so the average loss is way too skewed. I lost 200 or so on two trades and my numbers are all out of whack. That drawdown number should be ignored.

If you study it closely, I typically trade 3-6 lots (30,000 to 60,000) as I'm trading as if my real money is in. I can stomach 3-6$ per-pip loss. I hold trades from 20 mins to about an hour it seems until my limit targets are reached. Sometimes trades can go longer than an hour. Then i profit an average of 40$ a trade (~10-11 pips).

Scalping for me isn't 'fun' enough. I'd have to use a robot for that which takes all the fun out of trading. It's nice to make a couple bucks, but I'm in it for the challenge. Trading is like archery; it's really satisfying when you hit your targets. It's fun to be right.
  • #36
  • Jan 14, 2011 7:08pm Jan 14, 2011 7:08pm
Quoting >Apocalypto<
A Trend is a trend, support is support no matter what time frames it's on.
You know something I do not. 1 minute trend... this sounds like Guru talk... but if it makes you money, I wish you the best.

And also wish for you to PM me info so that I can learn further. Because imo, we retailers are not market makers.
  • #37
  • Jan 15, 2011 5:49am Jan 15, 2011 5:49am
me dont.
i use the M5 for entries, M1 is too sensible, but im sure there are traders playing the M1 succesfully.
Hero calls followed by margin calls...
  • #38
  • Jan 15, 2011 5:49am Jan 15, 2011 5:49am
Quoting sriramsh
Well each one of you might have different opinions about me, however see my overall transactions for the month of december when the eurusd was choppy at its best.... I want to see if there is anyone else who made profits during this choppiest season... Check out my entire trading log for the month of december, includes my losses as well...
cant read any.
pic too small.
: /
Hero calls followed by margin calls...
  • #39
  • Jan 15, 2011 7:09am Jan 15, 2011 7:09am
Quoting PhAnTi'
cant read any.
pic too small.
: /

If you right click it, Open in New Tab, then Press F11 then click it it'll zoom in and it's just about readable but wouldn't want to try to hard or you'll go blind.

Profit so better than 99% of the people on here.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #40
  • Jan 15, 2011 7:19am Jan 15, 2011 7:19am
I'm using M1 and S10 currently, live momentum trades I view anything out side of this as just Gambling.

Look around at the H4 traders as taught on here, I don't believe any of them are making money, the Guru's are mainly trading on Demo accounts and normally preach H4 but have M1's open to.

They come here, get told H4 is the way to trade then preach that to everyone else despite not being able to make money at it.

Laughable, keep trading M1 it's your best bet.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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