Freebie 1 min trading method

Here you go Peter

More goodies,,,a little confirmation for our entries

Another picture on the 5 min charts with some good info.

Now you should have all the indicators you need to practice with this chart setup on the 5 min. If you have a favorite indicator or 2 to confirm with feel free to use it. These are the ones I like.

HH

Set your mtf stochastics 1 or 2 time frames up from the tf you want to trade

It seems to me a nice job done here....

If I've understood it right, you wait for a 3 ball, then a macd cross, then set your entry @ 23 reverse level of fibo (providing you have a HH or LL). Or you wait fror a bounce from fibo 23?
Plz. can you specify better the second entries in this chart?

Regarding HA. You use it to stay in the trade, but...when do you get out from it? When HA changes color, or when price closes below or so?

Thanks!

@ aztrader, rules to trade will be forthcoming.

I use fib levels a lot for targets,,,especially the 1.382 ext. and the 1.618 ext.

On the 15 min and above, I use an EA called Magic Stick, for entries. which is a line cross by X amount of pips adjustable EA. Great tool for exiting trades also.

I have not gotten to the 1 min setup to trade yet. When I have then all the instructions will have been completed.

HH

The HA smoothed looks great for the location of a trailing stop - thanks for that!

Also the idea regarding the turning of a shorter timeframe trade into a longer timeframe trade is also a very good one.

Here we go folks, my 1 min trading setup. I would like to say, please put some Daily open lines on your charts and watch price action around those lines. 5pm 7pm 2am 3am, and of course NY at 8 am since I live on the East Coast.

A lot of trades start and end around those lines.

The last indicator to complete the template.

Some trading rules,

The only way to become proficient at something is to practice it. I have been trading 1 min charts for 10 or more years, so don't expect too much to begin with.

With some time in front of charts, you will start to see how the swings begin and end on the 1 min tf. Good luck and patience is your friend.

I shoot for 5 or more pips on the 1 min charts, and usually take all the trades both directions unless we are in a runaway trend, then I just trade in the direction of the trend.
To begin with I think you should just trade with the trend. Time trading this method will allow you to be more agressive.

Always trade these setups with a tight stop, whatever your broker will allow you.

@ Sarythsaya, yes thanks.

If you draw a trend line along the HA on a 15 min chart and trade them and use them for exits, you can make a lot of pips.
HH

So, you suggest to enter on a 1 Min chart....and then try to follow 15 min chart for the exit?

@ AZTRADER2

Read post 54

If a 1 min trade keeps going, lets say for 20 or 30 pips, then I would check out the higher tf, 5 min and put a stop at BE or for a few pips positive, and let it run on the 5, if meanwhile the 15 had reversed I would most definate entertaint the thoughts of a 15 min trade.

As I mentioned before the 1, 5, have to change direction to be a 15 min trend unless we are already in a 15 min trend.

I frequently trade the 15 min, and when I am in a positive trade on the 15 I scale in or scalp the 1 or the 5 minute in the same direction

If you had a line marking the London Open this morning, I had a trade long on the 1 min going long, which turned into a 5 min trade, and then on the 5 min reversed back to the open.

Everyone be aware of these setups, many many time when price takes off from the open line in either direction for 40 or 50 pips we get a pullback to the open for equal pips...2 easy trades to spot if you watch it for a while

This is a typical move of the big boys to set the high or low of the day, then its easy to trade in the direction of the 15 or 1 hr charts.

I will put a pending order 10 pips below the London open if this trades around the open for a while, or look for the reversal back long again.

When 2 or 3 open lines all get together we are in for a big move in 1 direction


EUR/USD

In conclusion, I like to see price in this setup. They usually get you hooked in 1 direction like this move up on EU and then run the price in the other direction, It looks like we presently are going back to the NY open

i will be thank full to u if u make a Rar folder of u r indicator n Tpl file