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Freebie 1 min trading method

  • #161
  • Feb 5, 2012 7:59am Feb 5, 2012 7:59am
Hello HH. Qurstion for you. After 9+ years of trading, you must know the brokers pretty good. Spread becomes more important on the lower timeframes, especially the 1m. When you are looking to make 6 - 10 pips on a trade, a 2-3 pip spread becomes a killer. My opinion, of course. Who do you trade with when trading 1m live? Do you use an ECN? Hard to find a US based ECN, and good-old Dodd-Frank requires that we in the US use US brokers.

Quoting EaglePip
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
  • #162
  • Feb 5, 2012 10:56am Feb 5, 2012 10:56am
For obvious reasons I can not recommend a broker, but I can tell you I have used PFG best if you trade stateside, and probably one of the only brokers today that will accept US accounts off shore FinFX in Finland.
  • #163
  • Feb 5, 2012 11:00am Feb 5, 2012 11:00am
@ eaglepip, a lot of good 1 min trades are passed up because people are waiting for other timeframes to agree.
  • #164
  • Feb 5, 2012 11:04am Feb 5, 2012 11:04am
YW Chase
  • #165
  • Feb 5, 2012 1:56pm Feb 5, 2012 1:56pm
Thanks hHarrington for sharing this great stuff. This may help me to see the market in a better perspective and take better trades. Just posting a screenshot of my compiled chart along with my template if it makes it easier for anybody to get the right layout working.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: wilteredfire chart.gif Size: 23 KB
Attached File(s)
File Type: tpl WilteredFire m1.tpl   10 KB | 1,606 downloads
  • #166
  • Feb 5, 2012 9:06pm Feb 5, 2012 9:06pm
Quoting EasyRyder
Hello HH. Qurstion for you. After 9+ years of trading, you must know the brokers pretty good. Spread becomes more important on the lower timeframes, especially the 1m. When you are looking to make 6 - 10 pips on a trade, a 2-3 pip spread becomes a killer. My opinion, of course. Who do you trade with when trading 1m live? Do you use an ECN? Hard to find a US based ECN, and good-old Dodd-Frank requires that we in the US use US brokers.
Interactive brokers? Small spread (not only eurusd), a little commission ok and a good reputation.
  • #167
  • Feb 5, 2012 9:21pm Feb 5, 2012 9:21pm
Quoting WilteredFire
Thanks hHarrington for sharing this great stuff. This may help me to see the market in a better perspective and take better trades. Just posting a screenshot of my compiled chart along with my template if it makes it easier for anybody to get the right layout working.

Cheers
Hi Wilteredfire,

The thick red/blue line-indicator (in the bottom), which one is that? Seems interesting along with the MA, but I don't think I saw it before in this thread.

Thanks,

Pbb
  • #168
  • Feb 5, 2012 10:42pm Feb 5, 2012 10:42pm
Thanks for the point to IB. I am pretty wired into MT4 at this point , however -- program MQL and use it extensively in my trading. I do not see that IB has a MT4 platform. Would like to find a good US-based ECN with small spread and commission OK. IB almost fits the bill.

Quoting pbb
Interactive brokers? Small spread (not only eurusd), a little commission ok and a good reputation.
  • #169
  • Feb 6, 2012 5:01am Feb 6, 2012 5:01am
Quoting pbb
Hi Wilteredfire,

The thick red/blue line-indicator (in the bottom), which one is that? Seems interesting along with the MA, but I don't think I saw it before in this thread.

Thanks,

Pbb
Thats the BB Macd indicator thats been attached in this thread
  • #170
  • Feb 6, 2012 7:42am Feb 6, 2012 7:42am
Hi,

I have been reading your thread a few times...lucky for me it is not so big yet...and i just took a trade on the 5 min EU and i think all the criterea where met
Let me know if i did it right

Richard
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 69 KB
  • #171
  • Feb 6, 2012 9:22am Feb 6, 2012 9:22am
Took a quick buy signal countertrend because price had dropped enough for the london session, when price smoothed out after its rubbish chop, I took a quick 20 pips between the red lines ive marked.

Happy pippin guys
Attached Image (click to enlarge)
Click to Enlarge Name: eu m1 buy.gif Size: 31 KB
  • #172
  • Feb 6, 2012 10:15am Feb 6, 2012 10:15am
Had patience and didn't jump into a short because I didn't get the price and confirmation I needed, saw things lining up trying to go again. My blue heiken ashi smoothed was over the Orange MA, MA cross headed up, things looked good, So jus pulled the trigger instead of thinking too much about it.

Took around another 20 pips. Real happy with this method so far, +40 for the day already. Patience and some discipline. Please feel free to share any thoughts or advice hharrington

Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: eu m1 buy 2.gif Size: 19 KB
  • #173
  • Feb 6, 2012 10:19am Feb 6, 2012 10:19am
Quoting WilteredFire
Had patience and didn't jump into a short because I didn't get the price and confirmation I needed, saw things lining up trying to go again. My blue heiken ashi smoothed was over the Orange MA, MA cross headed up, things looked good, So jus pulled the trigger instead of thinking too much about it.

Took around another 20 pips. Real happy with this method so far, +40 for the day already. Patience and some discipline. Please feel free to share any thoughts or advice hharrington

Cheers!
Nice work! Nice to see someone being successful with this and posting some trades as taken.

Thanks!
  • #174
  • Feb 6, 2012 3:54pm Feb 6, 2012 3:54pm
Quoting WilteredFire
Had patience and didn't jump into a short because I didn't get the price and confirmation I needed, saw things lining up trying to go again. My blue heiken ashi smoothed was over the Orange MA, MA cross headed up, things looked good, So jus pulled the trigger instead of thinking too much about it.

Took around another 20 pips. Real happy with this method so far, +40 for the day already. Patience and some discipline. Please feel free to share any thoughts or advice hharrington

Cheers!
Good job wilteredfire, it just takes some practice and pretty soon you arent afraid to pull the trigger. I use a mtf stochastics in the bottom window also, set to the next highest TF, this is my early warning of a reversal.
  • #175
  • Feb 6, 2012 4:10pm Feb 6, 2012 4:10pm
If y'all will check post 153 it has the trading rules in the picture.

Add the bbmacd which I posted here by opening the navigator, and dragging the indicator into the bottom window with the other indicators. Set the StDv to .55 and you are in business...

Only trade the 1 min in the direction of the 5 min mtf indicators in the bottom window,,safe trades.

HH
  • #176
  • Feb 6, 2012 5:08pm Feb 6, 2012 5:08pm
A 15 min setup Study the chart picture. Lots of good info. The short trade took off from the 5 pm open last night. The long trade was a result of the NY guys running it back up again.

Notice how they ran it down from the NY open. This is a trap move to get retail traders thinking short, then they set the Low of the day and up we went.

Pay attention to the Daily Open lines they give you all kinds of info about the market.
Attached Image (click to enlarge)
Click to Enlarge Name: 15 min trades.gif Size: 89 KB
  • #177
  • Feb 6, 2012 5:59pm Feb 6, 2012 5:59pm
Here is a 3 Level ZZ Semafor with Alert indicator.
No red scull & crossbones insignia. Sorry TRO.
Attached File(s)
File Type: ex4 3_Level_ZZ_Semafor_Alert.ex4   11 KB | 1,668 downloads
  • #178
  • Feb 6, 2012 10:42pm Feb 6, 2012 10:42pm
I see new indicators added here.
Can you please zip up all indicators and the template in this 15min TF. I appreciate it. Thanks

Quoting hharrington
A 15 min setup Study the chart picture. Lots of good info. The short trade took off from the 5 pm open last night. The long trade was a result of the NY guys running it back up again.

Notice how they ran it down from the NY open. This is a trap move to get retail traders thinking short, then they set the Low of the day and up we went.

Pay attention to the Daily Open lines they give you all kinds of info about the market.
  • #179
  • Feb 7, 2012 1:51pm Feb 7, 2012 1:51pm
HH, 1st post here.

I just start some tests and have a question.

Your first TP will always be at 1:1 RR, or more ? even you are in a trade and a opposite sign shows up?

tks
  • #180
  • Feb 8, 2012 11:19am Feb 8, 2012 11:19am
Quoting JoaoOliveira
HH, 1st post here.

I just start some tests and have a question.

Your first TP will always be at 1:1 RR, or more ? even you are in a trade and a opposite sign shows up?

tks
If I am trading the 1 min, I want 5 pips + on each trade, if indicators stay long I stay with the trade.
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