Freebie 1 min trading method | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies

EA - "Simple Method of Scalping on 5 min chart , especially GBP/JPY - by Imran Sait" 36 replies

bo7a method... method for GBP/JPY 205 replies

Help adding a filter to the Freebie Indicator 3 replies

15 min indicator on 5 min chart 3 replies

Attachments: Freebie 1 min trading method
Exit Attachments

Freebie 1 min trading method

  • #141
  • Feb 3, 2012 6:59am Feb 3, 2012 6:59am
Quoting hharrington
@ indrek, I don't ignore any time frame, the 30 min tf is a very good choice, just adjust your mtf indicators accordingly. I trade the 1hr and 4 hr also.
Thanks, but my question was about mtf indicators - would you use 60 or 240 on m30 chart?
In your earlier post you said 15 goes with 60 and 60 with 240, so what is best for 30?
  • #142
  • Feb 3, 2012 7:23am Feb 3, 2012 7:23am
@ indrek, I would suggest experimenting and use what works best for you.
  • #143
  • Feb 3, 2012 8:26am Feb 3, 2012 8:26am
Quoting hharrington
@ indrek, I would suggest experimenting and use what works best for you.
That is what I always do. Just wanted to hear your opinion
My experience is that timeframes that are too close to each other may not work in combination. Like 15/30 or 30/60. At the same time, 240 may be too far from 30.
  • #144
  • Feb 3, 2012 8:35am Feb 3, 2012 8:35am
I am sure that I am not the only person around who hates Heiken Ashi candles on charts. So, here is a link to an alternative indicator - Heiken Ashi Smoothed in Bars:
http://www.forexfactory.com/showthre...39#post4395439
  • #145
  • Feb 3, 2012 9:08am Feb 3, 2012 9:08am
Put some heiken ashi smoothed candles, 2,6,3,2 on a 15 min chart with a line chart nothing else and watch it for a few weeks, then tell me that you hate heiken ashi bars.
  • #146
  • Feb 3, 2012 9:11am Feb 3, 2012 9:11am
sorry, meant to say hate heiken ashi candles
  • #147
  • Feb 3, 2012 9:27am Feb 3, 2012 9:27am
Quoting hharrington
Put some heiken ashi smoothed candles, 2,6,3,2 on a 15 min chart with a line chart nothing else and watch it for a few weeks, then tell me that you hate heiken ashi bars.
I have watched them and I know what I am speaking about. I need to see ordinary candles clearly - if they open up or down and what is the shape and size. HA candles, even smoothed, mess the chart up. Cannot make my living if trading blindly.

Your system has very strong elements, so I am trying to combine them with my own setups.
  • #148
  • Feb 3, 2012 10:58am Feb 3, 2012 10:58am
This is for your benefit Indrek I love the 1 min charts and fib levels are respected here also. I can look at heikens on the 5 min while trading the 1 min.
Attached Image (click to enlarge)
Click to Enlarge Name: a fib lesson.gif Size: 81 KB
  • #149
  • Feb 3, 2012 12:16pm Feb 3, 2012 12:16pm
Quoting hharrington
This is for your benefit Indrek I love the 1 min charts and fib levels are respected here also. I can look at heikens on the 5 min while trading the 1 min.
Hi hharrington

That looks realy fascinating to me. Is it possible to attach the template?
Thanks for all work you have done for us young traders.
  • #150
  • Feb 3, 2012 1:01pm Feb 3, 2012 1:01pm
Quoting hharrington
This is for your benefit Indrek I love the 1 min charts and fib levels are respected here also. I can look at heikens on the 5 min while trading the 1 min.
Thank you
I trade mostly 30 min and hourly, never 1 min. But a good system works on every timeframe, just needs some adjustments.
I very much like your idea of looking for trades after Semaphor 3 signal. I think many people try to use this indicator in absolutely wrong ways.
  • #151
  • Feb 3, 2012 1:59pm Feb 3, 2012 1:59pm
Quoting hharrington
This is for your benefit Indrek I love the 1 min charts and fib levels are respected here also. I can look at heikens on the 5 min while trading the 1 min.
How did you get your 5min mtf heiken behind your candles?
  • #152
  • Feb 3, 2012 4:08pm Feb 3, 2012 4:08pm
I notice that HAMA on the chart repaints so badly.....! more than HAMA below the chart.
  • #153
  • Feb 4, 2012 7:59am Feb 4, 2012 7:59am
Here is a picture of my trading rules, should answer all questions regarding indicators, stop loss positions, and compounding a trade for more pips. This is a 5 min trade setup EUR/USD late friday afternoon.

Please, if you don't have indicators google them, that is how I have gotten most of my indicators.

I purchased Magic Stick because I could not find a free EA that works as well.

Quit complaining about re-painting indicators, this just shows your ignorance about indicators.

Regarding the hama, I agree the MTF heiken ashi indicator works better in the bottom window. I am always experimenting to find a better way,

My method is a very solid method for trading if you take the time to be able to visualize it. Happy pippin, bank those pips.

HH
Attached Image (click to enlarge)
Click to Enlarge Name: hh trading rules.gif Size: 84 KB
  • #154
  • Feb 4, 2012 8:02am Feb 4, 2012 8:02am
Do you think the 15 min mtf indicators compliment the 5 min trading??????
  • #155
  • Feb 4, 2012 9:12am Feb 4, 2012 9:12am
Inserted Video


A must watch video for anyone interested in fib level trading.

This happens frequently, especially if the other indicators agree with the fib.
  • #156
  • Feb 4, 2012 9:51am Feb 4, 2012 9:51am
Inserted Video


The same chart as above with the fib levels on it.

Instructions for making your own fib.
Attached Image (click to enlarge)
Click to Enlarge Name: chart no 14.gif Size: 64 KB
  • #157
  • Feb 4, 2012 11:54am Feb 4, 2012 11:54am
Great thread! I have read over your system a few times. The first couple trades i did, trades didnt turn out to well. So i went back and read the posts a few more times and still had questions. I took a chart loaded it up went back a few months started back testing it. And then, i could semi see it. Made a few great trades and couple losses. I took a trade thursday night and turned out awesome 105pips. So i sat there and study it for a while and friday i did a few more and turned out pretty well. Still had a few questions but then I just seen your last post and that was the post that cleared just about everything up. So thank you very much. I still need to work on the small time frame it is harder to me then the larger tf. First time i have really looked at the 1min 5min(im more of the 1hr/4hr/d). Im sure with more chart time it will come. Thanks for sharing your system i WILL be adding this too my TBOT (tool box of trading) . Great posts and hope to see you updates in the future.

Thank you HH,
Chase

ps i hope i didnt ramble to much lol, when i try and explain things i tend to.
  • #158
  • Feb 4, 2012 5:27pm Feb 4, 2012 5:27pm
If you read about these 3 trading systems (methods) along with my method, you will find a method that works for you.

Don't expect much from any of them if you are not willing to spend the time to learn the concepts that are included in each of these teachings, and for gods sake people they are free.

http://www.forexfactory.com/showthread.php?t=326736
  • #159
  • Feb 4, 2012 7:21pm Feb 4, 2012 7:21pm
Trade executed on M1
Attached Image (click to enlarge)
Click to Enlarge Name: Noname 2012_02_03_2.png Size: 47 KB
  • #160
  • Edited 8:47pm Feb 4, 2012 8:05pm | Edited 8:47pm
Quoting hharrington
As i mentioned before I look at the market differently than most of the guru's that profess to be teachers.

For the 5 min to change direction the 1 has to change first, and for the 15 to change direction the 1 and the 5 have to change first. Most of the gurus that teach forex preach from the top down in trading, example, watch the 4 hr to trade the 1 hr....

The upper time frame direction is important to trade the lower time frames, but the lower time frames change direction first

Does that make sense
With you 100 percent!
Could never understand the importance placed on higher TFs.
EP

PS. Also, congratulations on the systematic presentation and clear,easily read charts, properly color coded and labelled.
It is most frustrating and time consuming on some threads trying to decipher indicators and obscure abbreviations and links.
Glad to find your thread in its early stage, so only need to re read a few pages and prepare for market open.
EP
0 traders viewing now