1 Min THV Flag Trading

Hey JT, was wondering how you're doing. I've been using your method with success. Thanks for starting the thread.

Toafdawg

Glad to hear of your success. Its a good visual trading system some need it and some don't.

As for me 7% gain this month on 8 trading days. 7 full winners 1 Break Even and no losses, the break even went on to be a winner, Human error i guess. Should be up 8% but I'm not complaining though. I wish i had the initiative to get up and trade the London session. I've been working to much and not trading enough.

Have you been taking early entries or normal entry? I've been taking early entries when possible, sometimes price is on the doorstep of donchian channel or breaks through donchian at 8cci entry signal

Keep me informed and your welcome.
Happy Trading
JTee1

I have a tough time getting up for the better times as well. I live in California, so I'm asleep during some prime trades. I've been trying to do watch for early entries, but I'm not entirely familiar with CCI patterns. But I've found that the original rules work.

I still try to catch the 3rd wave, and avoid later waves. I do pass by some winners, but its what I'm comfortable with. Keep posting, I love learning from your trades.

I was wondering if you have a simple template to watch on the 5 minute chart? The chart you have posted recently gives me a headache
Nice work though! I appreciate it.

MMM Great thred

LOL yes 1 min TF can be busy. Not sure what parameters you were looking for exactly. But here is a template for 5 min, it has adjustable TF Donchian channel. Set 0 for current tf or any higher time frame you want. If you want 1 minute TF donchian on 5 min chart just adjust channel value to 4.

Hope this helps.
JTee1


[IMG]file:///C:/Users/JT/AppData/Local/Temp/moz-screenshot.png[/IMG][IMG]file:///C:/Users/JT/AppData/Local/Temp/moz-screenshot-1.png[/IMG]

One question, how did your method do for the Euro? Especially during the US session this past Thursday and Friday? It was a wreck on the 5 minute TF. (Chop Suey!!) Do you think you could post a pic showing where you would have gotten in or out? I have only the US session available to trade and most days it is just from 8am est -12pm. Thanks! I find this very helpful.

4 london trades and 1 us session.
All winners per rules.

Pop Quiz Do you see the counter trend trades?

Goldenboy

Here is Thursday 2 london and no us trades. Both trades were winners per rules. It also kept you out of us session. Which sucked as you already know.

Happy Trading
JTee1

Thanks for the charts. I do some trades that are questionable to me..only looks like it would have worked out for several pips and if you had target of 10-15, it might have otherwise turned against you for small loss. I've posted a chart I have for Friday. Does this look correct to you? TY

Sorry bout' the double pic. I'm posting another one for Thursday.

Here is Thursday on the 5min TF

I compared Charts and they look the same.

JTee1

Hey JTee1, I appreciate your responses. These all would have been good entries..what are your exits? Touch of pivots or do you have a 10pip and out goal? How would you have know to stay in to ride the longer trades? I myself use a set 10 pip 1st TP and then let the rest run. But my SL is a solid 30 pip SL due to my own money management rules. Just curious, I think the exit is more important than the entry. What say you? -GB

Exits are by original post 1 to 1 ratio minus spread, I use high or low of retrace as sl and set tp according to 1 to 1 ratio. I will close out 1/2 of position and let ride at times but not typically. I will usually only take 1 trade a day. I'm looking for high percentage trade. I am looking to trade full time in 9 months when I retire. I avoid all news 30 min prior and 10-15 mins post news

I look for 1% gain daily and I'm usually done for the day. Just because I have other things i need to do.

As far as longer term trades I have rode the 1 min chart for 60 pips before i get a heiken Ashi Candle color change which is usually my exit on the remaining position I have open or the 5 min slow trix color change. But typically i close my position at tp and would rather make another entry at next break of Donchian and avoid retraces as much as possible. I would rather trade 1 lot for 15 pips then .1 lot for 150 pips if you know what i mean. I just feel I got a better chance to win. My pc Alerts me to 4 tf harmony then I wait for a retrace and set a stop order script and let price come to me.

My SL on 1 min tf is usually 12 to 20 pips, so tp is usually the same. I use a script to trade by risk percentage and it will set tp to same percentage value.

Happy Trading
JTee1

It seems to me that trades with a SL less than 12 pips mostly end up as losses, so maybe it's better to avoid such trades generally and pick out those with larger SL?

buddy you have entered the market when he ran out of steam
1 minute chart should be able to feel, do not rush on this
Happy Trading

Hi make a trade for 10 pips, in eu. I can maybe have some more, but exit at FPV suport

Conglaturations for this system. Today I have made previously a lose, but in overall is in profit...

Xavi.

Hi, some more pips... I like this system

hi! the GBP is a couple of nuances.
first it spread to more than EUR.
second filter harmony was not successful, you have entered without your knowledge. just lucky
Happy Trading