1 Min THV Flag Trading

To early for me I dont trade London until 10 GMT, but with that said next trade failed after london open. It did go up but only after taking stop out per rules. Market had been ranging between Daily pivot and MS1 for 5 hours, would expect to see a break of that on market open.
I see a higher percentage of failures outside of market hours with this system.

Happy Trading
JTee1

Had script set and took early entry also , took 11 pips and 7.3 pips simultaneously got my 2.56% today and off to play tennis. Trade time less then 2 minutes.
Trend in place and Break of S1 then bounce off of S1 which is now resistance Script set TP just above MS2 which is next support. Equals perfect Trade

Happy trading
JTee1

Now I'm really off to play Tennis. 17 pips but only .3 lots for another 1%

Happy Trading
JTee1

Break of trend channel good place to be looking for a 123 reversal setup with 1/10th normal trade

JTee1

Heya....

Ugh!!! Just when all this happens, my parents took me out for dinner and i totally missed all these great pips to recover from the blunder.

This is what I got to share tho.

http://my.jetscreenshot.com/demo/201...vl73-120kb.jpg

Price will usually show some respect. Best trade is with room to move to next level. I will usually set SL at high of retrace but if S&R doesn't give me room to get a 1 to 1 return I set TP right before next level or skip trade and wait for break and bounce off of last S & R or in between level broke.

JTee1

With good money management you will recover never try to double up to recover.
JTee1

50 50 chance of being right, but 180 pip move and trading coming to end. Everyone is dumping their sells. Bounce off MS3.

http://www.forexfactory.com/showthre...80#post4881680

JTee1

got caught in that one...got some back later
its great to c how u milk it

I Always keep a 1 minute chart zoomed all the way out for clear view of the whole trading session. Gives clearer pic of trend at my trades we had 5 hours of down trend showing on 1 min chart. We had sideways market before US open and market had 3 choices sideways up or down. It took down and i believed it.
For those who say you cant see trend on 1 minute here it is.

Purple and white is 15 min donchian channel. Most 4 TF harmoniy trades on 1 minute will be on outside of break of 15 min Donchian. With that being said first trade today was not on outside of 15 min' and I would have taken it due to market open but well aware of head fakes at this time also. But price did continue on after SL taken out.
Winning Trades were taken with trend after breakout of wedge or flag then 4 TF Harmony then retrace then break of Donchian.

Except the losing trade at London open did not break wedge and did not break previous high and was staring into resistance. Inside 15 min donchian. But still would have probably taken due to 4 tf harmony and lower high then break of donchian. A lot to consider but its worth considering.

My last 3 trades in green equal 7 percent growth.
Pink trade was Konatas in London session I need sleep
Red trade was trade I probably would have taken on london open if trading
Notice failed trades outside of market hours

JTee1Whew!

After hours but i have seen some good movement but to sporadic for me.

Lets see
JTee1

Went 15 pips

thx jtee for extensive sharing,,,
happy for yr gains, working on mine :-)
cheers

Notice failed trades outside of market hours

JTee1Whew![/quote]

u mean out of yr NY trading hours that u trade?
dont know, but i might have a feeling lately that us sessions are more civilized....also recalling once somebody was saying that his flag didnt work out in div's thread and he immediately said ,,was probably london sessions,,
just having that slight feeling but i might b wrong,,,
and agree franf. session is a skip for me too,,konata showed some + trades there, but i find franf. jerky quite a bit...
just thinking out loud

Hi JTee1 !
I like your tread,I do something similartoo, but I do not have enough time..to be 100% concentrated to trading
If you wish do visit to me :
http://www.forexfactory.com/showthread.php?t=310297
i do not compete you ,
are happy to meet people who use THV
i have seen some good movement too,check this:

".. And his mouth, spoke the truth ..."

u mean out of yr NY trading hours that u trade?
dont know, but i might have a feeling lately that us sessions are more civilized....also recalling once somebody was saying that his flag didnt work out in div's thread and he immediately said ,,was probably london sessions,,
just having that slight feeling but i might b wrong,,,
and agree franf. session is a skip for me too,,konata showed some + trades there, but i find franf. jerky quite a bit...
just thinking out loud[/quote]
Rarely trade london market due to sleeping but you and i agree on Frankfurt, to temperamental for me. I don't see issue with london session. I actually prefer it overall.
I've been looking at 1 minute chart for close to 3 years now. To me if you zoom it all the way out the trends are clear. to me you see the moves earlier and can get in earlier and out sooner. I watch that exclusively then bring up other chart for setting script. All markets and all sessions will range from time to time I've got my 1% on a ranging day of 50 pips. I pay close attention to ATR at time of trade and when i get to ATR with TP i get an itchy finger. If SL is 20 due to retrace and ATR 14 i would not let it go much less then that at first sign of opposite movement.

Watch S & R Levels draw your flags and wedges on zoomed out chart and it becomes clearer. Take a failed trade and examine it and the reason will usually show itself. Today,s London session prime example still downtrend and in wedge with Resistance staring at you. It did have 4 tf harmony and break of donchian.
Look at the new days S & R levels and take them back to the the 18th and you'll see how they were established. Go to a 5 min chart zoomed all the way out and the head on the 17th and shoulder on 16th and 18th. I'm not into patterns to much other then consolidation points and breakouts of them then wait for 4tf harmony. Many will look to more down movement from that pattern but i wouldn't trade it. look at 1 HR zoomed out and R3 is at a 3 month high also. I would look for a bounce off it if we get back up there. Price would have to hit it and break back and retest it and 123 we go.

Best of luck!
JTee1

I hate to be a kill joy but here is reality folks.
For those who want to trade. Sad but true. For those who fail to plan or fail to follow a plan. Destiny awaits you.

Money management is a must.
Rules must be established and adhered to.
Trade consistently.
Demo for a year
A trend will last longer then any retrace

Some say forex is like gambling, I'm conservative and only bet 1-2% on 4 of a kind 5,15,30,60 min TF harmony

EA's = Empty account
Your Broker will give you a margin call at 25% to entice you to put more in and try to recover.
I don't live to trade!
I work a job for a living.
I am trying to get a business up and running also.

Trading can be enjoyable and profitable with a plan and right setup. I look at news and plan my day the night before to trade after news is over My pc calls me when conditions are right for trading. I wait for retrace set script. Market comes to me i don't chase the market. I enjoy trying to help others, I would be nowhere without the help of others. I have gave credit to the people who have helped me.

Take it for what its worth!!

Here is today's potential trades.

But i missed them... sigh... life always blocks my trades T_T

http://1.bp.blogspot.com/-0X_ML9CyWg...+Australia.jpg

Here is another big rally.

http://1.bp.blogspot.com/-dexOFTyh4n...+Australia.jpg