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Who is using one minute charts to trade?

  • #41
  • Jan 16, 2011 1:31am Jan 16, 2011 1:31am
Quoting ericstevens
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.
Hello Eric,

If you look at two blank charts one 1 hour, second 1 minute. you will see support and resistance and trends... the only difference is the speed the 1 minute moves at.

it has nothing to with gurus or markets makers just price being displayed on a chart.

Cheers,
  • #42
  • Edited 12:57pm Jan 16, 2011 12:19pm | Edited 12:57pm
Quoting >Apocalypto<
Hello Eric,

If you look at two blank charts one 1 hour, second 1 minute. you will see support and resistance and trends... the only difference is the speed the 1 minute moves at.

it has nothing to with gurus or markets makers just price being displayed on a chart.

Cheers,
There's a huge difference: 1' TF has details, 1H brevity. They share the same vertical speed, which one trades.
  • #43
  • Jan 16, 2011 2:57pm Jan 16, 2011 2:57pm
Quoting ha-pattern
There's a huge difference: 1' TF has details, 1H brevity. They share the same vertical speed, which one trades.

yep


1Hour you'll see, market started hour at 1.10, went to a low of 1.09 a high of 1.11 and closed at 1.10 say, so no change, there might of been support at 1.09 but thats gone your a 1.10 and have no idea what the next 1 hour will do.

1Min you'll likely see, the buyer action at the 1.09 level, multi touches and reverses, or tracking around at the level and turning back up, so you can actually get in near 1.09, rather than play the it looks good after the fact game but in reality 1H is near on impossible to long term profit from.

so 1min lets you actually trade what's happening, with a prediction requirement, the market IS moving up, Go long, the market has stalled / reversed EXIT, buying/action you can profit from many times per day, if your good.

H1 just gives you, open, high, low, close, a H1 candle has no predictive ability of what'll happen next, find any H1 candle, look back for that candle and see many variations for the next candle, totally pointless way of gambling.

Yep gambling, H1 isn't trading, it's buying something then hoping ie gambling.

Jacko, the main H4 BSer was a con artist, he could not profit from trading from H4, give it up people.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #44
  • Jan 17, 2011 3:18am Jan 17, 2011 3:18am
Quoting ha-pattern
There's a huge difference: 1' TF has details, 1H brevity. They share the same vertical speed, which one trades.
i don't agree. having traded 1 hour on price and 1 minute on price i can tell you things happen a hell of a lot faster on a one minute chart.

cheers
  • #45
  • Jan 17, 2011 4:13am Jan 17, 2011 4:13am
Quoting >Apocalypto<
i don't agree. having traded 1 hour on price and 1 minute on price i can tell you things happen a hell of a lot faster on a one minute chart.

cheers

But thats the stupid way to trade H1 and even more so to trade M1.

A 30pip move on M1 is a 30pip move on H1, the difference being M1 you can see it and trade it, wthout needing a 50SL.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #46
  • Jan 17, 2011 4:38am Jan 17, 2011 4:38am
so there's nothing on support and resistance to trade off a 1 min chart? 1 min charts have no support or resistance?

Here's tonight Landon session so far, take from it what you want...
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  • #47
  • Jan 17, 2011 4:39am Jan 17, 2011 4:39am
Quoting >Apocalypto<
my point is a 1 minute chart has support and resistance, it has trends.... it moves quicker then other time frames while making the above....

i don't understand why some you are arguing with me about something that's as plain as day to see on any one minute chart.

shheesshhhh
Drop the attitude firstly!!

I would agree with on all of the above.

Infact trends are better viewed on m1 rarely last more than a hour, very rarely more than 4 which makes trend trading of a h1 or above pretty much random.

You don't have to scalp on a m1 though, you can hold for just as long as H1 or H4, ofcourse that would be ridiculous unless there is a really big move on.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #48
  • Jan 17, 2011 4:47am Jan 17, 2011 4:47am
Quoting >Apocalypto<
so there's nothing on support and resistance to trade off a 1 min chart? 1 min charts have no support or resistance?

Here's tonight Landon session so far, take from it what you want...

I disagee on that though, there is no support / resistance visible on that chart, yes you've drawn a line through 2 points after the fact, EJ is a trend beast not a S/R pair.

View it through my Setup, Price rejected initially off the M1 200ema, then kept skipping down via the 33/44ema range, you could argue thats dynamic S/R created by Sell Programs in this case/

I gave up on S/R other than my Dynamic sort a long time ago reasons :-


Going Long at support means your going long in a downtrend and when support breaks SL's get taken out and the market generally falls very quickly, your better off trading for the S/R to break most of the time.
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #49
  • Jan 17, 2011 4:53am Jan 17, 2011 4:53am
Quoting Turveyd
I disagee on that though,...

when are you going to start selling your wonder Ebook? dribble.........
  • #50
  • Jan 17, 2011 4:54am Jan 17, 2011 4:54am
Quoting >Apocalypto<
i deleted that post.... I'm not interested discussing things with you, that's all from me.

LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #51
  • Jan 17, 2011 4:56am Jan 17, 2011 4:56am
Quoting Turveyd

Going Long at support means your going long in a downtrend and when support breaks SL's get taken out and the market generally falls very quickly, your better off trading for the S/R to break most of the time.
you aussme again this why you can't trade... i plotted lines to show, i never said i traded them......

Muppet
  • #52
  • Jan 17, 2011 4:57am Jan 17, 2011 4:57am
Quoting >Apocalypto<
when are you going to start selling your wonder Ebook? dribble.........

Ahhh you changed it, "MA's don't work like that", with a Chart kinda proving they do work like that. LOL

No need to sell a book, I can trade thanks, but sure is a option for you.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #53
  • Jan 17, 2011 4:58am Jan 17, 2011 4:58am
Quoting >Apocalypto<
you aussme again this why you can't trade... i plotted lines to show, i never said i traded them......

Muppet

Sorry if your going to Claim there is S/R useable, atleast highlight where the S/R points are.

Sorry buy that looked like Fib levels, I know everyone on here loves them, but there worthless the fact you use them kinda highlights your trading ability to me.

And no, I think you'll find that you assumed that I'd of assumed you'd traded them, I assume nothing, it was just the only vagely worthwhile line on there.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #54
  • Jan 17, 2011 5:05am Jan 17, 2011 5:05am
Quoting Turveyd
Sorry if your going to Claim there is S/R useable, atleast highlight where the S/R points are.
If you can't see the trades then i am a little shocked......

Quote
Sorry buy that looked like Fib levels, I know everyone on here loves them, but there worthless the fact you use them kinda highlights your trading ability to me.

you assume again, further to my point, when did I mention fibs? you just can't help yourself.

if you could see, the logical direction to trade is with the trend, DOWN. if you look real careful you can see the simple lines show breaks to short.

Just for you i have marked them in red circles.
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  • #55
  • Jan 17, 2011 5:19am Jan 17, 2011 5:19am
Quoting >Apocalypto<
If you can't see the trades then i am a little shocked......



you assume again, further to my point, when did I mention fibs? you just can't help yourself.

if you could see, the logical direction to trade is with the trend, DOWN. if you look real careful you can see the simple lines show breaks to short.

Just for you i have marked them in red circles.

I said 'looked' life Fib Levels, I will apoligise for my error there, really small netbook screen, there previous highs / lows and you trade the breaks of them fair enough.

If you read above, you'll see I said " your better off trading breaks "


Most people don't trade the breaks they trade the S/R which then fails, I long near support, which is what I'm against.

I wasn't on about the S/R side anyway, a 30pips M1 move is exactly the same as a 30pip on H1, just M1 has more detail, as ha-pattern said.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56
  • Jan 18, 2011 10:49pm Jan 18, 2011 10:49pm
Quoting >Apocalypto<
Hello Eric,

If you look at two blank charts one 1 hour, second 1 minute. you will see support and resistance and trends... the only difference is the speed the 1 minute moves at.

it has nothing to with gurus or markets makers just price being displayed on a chart.

Cheers,
Apocalypto,

Yes, I have to take my statement back. It was more a figure of speech. Of course a trend exists; and of course s&r exist on a 1m chart. I suppose what I was getting at is that I find it hard to believe the levels have much merit on a 1m chart. That it's mostly white noise. Of course a daily chart trader may say the same of my 1hr charts, so I'm really saying nothing of value to you if you are making money on the 1m charts. But if you are, please PM me, because when I take my highly probable setups on the 1hr (26 out of 28 weeks I am up) and move them to the 1m, they get DESTROYED. My belief is that I'm trading on the 1hr, which is closer to where real money is, and the s&p hold accordingly, which allow me to take money out of the market.

Why do you think this would this be? If support and resistance carry the same weight on a 1m? White noise is my assumption. But I do not know everything, and am herr only to improve... always to improve.
  • #57
  • Jan 18, 2011 10:51pm Jan 18, 2011 10:51pm
Quoting Turveyd
Going Long at support means your going long in a downtrend and when support breaks SL's get taken out and the market generally falls very quickly, your better off trading for the S/R to break most of the time.
Piece of truth.
  • #58
  • Jan 25, 2011 3:56am Jan 25, 2011 3:56am
I'm using 1 m chart, just to look where the market is heading. It's good if you want quick pips. But i don't think you can make a big profit out of it
May the Force be with You
  • #59
  • Jan 25, 2011 5:15am Jan 25, 2011 5:15am
Quoting alex_000
I'm using 1 m chart, just to look where the market is heading. It's good if you want quick pips. But i don't think you can make a big profit out of it

What you can do, when mastered which is the tricky bit is you can make small pip profits say 10 - 20 pips a couple of times over say a 2hour trading day, which add up, then your account grows then you up your lot size as it grows.

I know traders on M1, who make 20pips a day then stop in a hour, trading at $20 per pip, thats $2000 per week for 5hours of work, is that not enough ?? if not, aim for 50 and trade 3 hours easy!!

M1 is detail, H1 is history and overview!!

S10 is more detail, which really helps time entrys and exits and further increases your odds, while using M1 as a overview to S10.


I can't see how anything with forex over M15 is tradeable, I don't know anyone I even part trust that can do it.

Forex is the wrong tool for H1 or above, if you want to trade D1 trade stocks the old fashioned way they have multiple week trends you can exploit.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #60
  • Jan 26, 2011 7:29am Jan 26, 2011 7:29am
I tried trading 1m today. Man, it's hard. Need to be very fast :] Thou scalping is pretty profitable :]
May the Force be with You
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