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Freebie 1 min trading method

  • #301
  • Feb 17, 2012 3:13pm Feb 17, 2012 3:13pm
Quoting TheHobbit
Hi HH,
thank you very much for your reply, but sorry, very respectfully: I wouldn't have been into that trade, because the BB was red up to that point, and the rules would have kept me out.
As soon as the BB became blue, a 3 ball would have popped up above the price line. I know we are not trading the 3ball "per se".

Bye

TH


Absolutely
  • #302
  • Feb 20, 2012 1:55am Feb 20, 2012 1:55am
Short. GU M15
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  • #303
  • Feb 20, 2012 3:22am Feb 20, 2012 3:22am
slowly trying to figure it out.

edit: maybe the entry was a bit to late, but i've been waiting for the M5 to change trend direction.

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  • #304
  • Feb 20, 2012 3:35am Feb 20, 2012 3:35am
This is just basically trade what BB MACD tells you to + Semaphores (I know they repaint) and then apply some theory on trend higher TF.
  • #305
  • Feb 20, 2012 3:43am Feb 20, 2012 3:43am
Closed the order, banked 9 Pip.
Why exit?

even though the Trend on M5 is still and clearly going north, the M1 didn't.
Every single indicator iam using in the template confirmed that the trend is weakening. Iam only interested in fast trades with fast pips so banked 9 pips.

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  • #306
  • Feb 20, 2012 6:09am Feb 20, 2012 6:09am
Quoting greed
Closed the order, banked 9 Pip.
Why exit?

even though the Trend on M5 is still and clearly going north, the M1 didn't.
Every single indicator iam using in the template confirmed that the trend is weakening. Iam only interested in fast trades with fast pips so banked 9 pips.

Attachment
There were 2 excellent trades on the 5 min EU this morning from the London Open, Great job, hope y'all got back in
  • #307
  • Feb 20, 2012 6:18am Feb 20, 2012 6:18am
Quoting hharrington
There were 2 excellent trades on the 5 min EU this morning from the London Open, Great job, hope y'all got back in
Hi hharrington,

I only see one good (long) trade...on the first one there was no pullback as I see it. Can you show some charts?

PS:
And the BBMACD was red (144,233,20) for the first long trade...
  • #308
  • Feb 20, 2012 6:50am Feb 20, 2012 6:50am
Quoting Olarion1975
Hi hharrington,

I only see one good (long) trade...on the first one there was no pullback as I see it. Can you show some charts?

PS:
And the BBMACD was red (144,233,20) for the first long trade...
the second one (which i missed )was at arround 11:30 or at the latest at 12:00
  • #309
  • Edited 7:28am Feb 20, 2012 6:51am | Edited 7:28am
it is close to sell signal on EU M5.


Edit: BBMacd not alowed to open Short. Waiting for next opportunity.
  • #310
  • Feb 20, 2012 7:49am Feb 20, 2012 7:49am
Here is an EU 5 min chart from London Open this morning. Just heikens and reg candles. Price Action Trading.
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  • #311
  • Feb 20, 2012 7:50am Feb 20, 2012 7:50am
EU M5 short entry
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  • #312
  • Feb 20, 2012 9:59am Feb 20, 2012 9:59am
Another 30pips banked with this interesting template.

@truchtzero i did not saw clear signlas for a short movement, can you be more specific.

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  • #313
  • Feb 20, 2012 3:39pm Feb 20, 2012 3:39pm
Quoting greed
@truchtzero i did not saw clear signlas for a short movement, can you be more specific.
I draw red vertical line on candle i entered trade.
1. 3 semaphore.
2. price below EMA.
3. Red HA
4. Orange HA (M15)
5. MACD crossed
6. Stoch (M15) in down move
7. BBMACD orange
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  • #314
  • Feb 20, 2012 3:46pm Feb 20, 2012 3:46pm
CONGRATS HH !!!!!

Nice solution to M1 trading.
  • #315
  • Feb 20, 2012 4:33pm Feb 20, 2012 4:33pm
Quoting Freddyfx
CONGRATS HH !!!!!

Nice solution to M1 trading.
Thanks Freddyfx
  • #316
  • Feb 20, 2012 4:34pm Feb 20, 2012 4:34pm
I am going to post a new template in the near future that is even easier to trade than this one.

I just need some time to get it ready, and write the rules.

HH
  • #317
  • Feb 20, 2012 4:44pm Feb 20, 2012 4:44pm
Quoting hharrington
I am going to post a new template in the near future that is even easier to trade than this one.

I just need some time to get it ready, and write the rules.

HH
Thanks for your efforts. looking forward to the new one. EVEN easier. My idiot brain is overjoyed . I like simple.
Just trade the pullback you idiot!
  • #318
  • Feb 20, 2012 5:13pm Feb 20, 2012 5:13pm
Hi HH.

I find your system very interesting.
My basic system is Tricolour developed by Paulus (M1). But lately i looked for longer TF system (m15, H1,H4). Once i found Freebie by Dred. But i cant say i have succes trading this system.
Some day i have found your system and i think it is very close to my personality. Now i am jumping from one TF to another looking for entry signal. I think i have to make decision to trade max two TF's lets say M5 or M15 for short term and H4 for long term trading.

Would you like to comment my trades posted on thid thread , please?
  • #319
  • Feb 20, 2012 5:29pm Feb 20, 2012 5:29pm
The 5 pm open
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  • #320
  • Feb 20, 2012 6:15pm Feb 20, 2012 6:15pm
A currency usually moves in a 40 to 50 pips sideways channel until it decides to move for a few hundred pips up or down.

You can scalp the channel when you recognize them.

A higher percentage of time when the price leaves the open right away, it usually returns to the open from that range before a direction is established.

I always look for the trades back to the open before a daily direction has been established. A nice easy 30 or 40 pips in both directions.
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