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Freebie 1 min trading method

  • #321
  • Feb 20, 2012 6:42pm Feb 20, 2012 6:42pm
Back to the open ?????
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  • #322
  • Feb 20, 2012 6:51pm Feb 20, 2012 6:51pm
Fun stuff don't you think, almost there.
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  • #323
  • Feb 20, 2012 6:55pm Feb 20, 2012 6:55pm
Seems like it.

There is a press conference scheduled in a few minutes from now.
  • #324
  • Feb 20, 2012 6:57pm Feb 20, 2012 6:57pm
These 2 trades happen frequently from the 5 pm open, You can book 60 to 100 pips each day just by paying attention to which pairs are volatile in the Asian session.
  • #325
  • Feb 20, 2012 6:58pm Feb 20, 2012 6:58pm
Here is the link:

http://video.consilium.europa.eu/
  • #326
  • Feb 20, 2012 7:11pm Feb 20, 2012 7:11pm
Made it right to the pip
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  • #327
  • Feb 20, 2012 7:23pm Feb 20, 2012 7:23pm
Ahhh, sorry, you were talking about the AU, I am ONLY focussed on the EU, which was getting back to pivot.

Looking forward to your new setup, have not even gotten to load any of the earlier material, anyhow, trading my own material but intrigued about what you do.

As long as the pips get booked.
  • #328
  • Feb 20, 2012 7:33pm Feb 20, 2012 7:33pm
This is the chart setup I am presently using. I will post the indicators later.

I think all you need is the FIFO. It replaces the mtf ha

I don't need to tell y'all everything is blue for Longs do I ?????
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  • #329
  • Feb 21, 2012 2:18am Feb 21, 2012 2:18am
Is your entry to early?
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  • #330
  • Feb 21, 2012 2:31am Feb 21, 2012 2:31am
Quoting truchtzero
Is your entry to early?
No where in any of my ramblings on will you see wait until the close of a candle.

You enter the trade when the indicators tell you too, and the candle is long or short...
  • #331
  • Feb 21, 2012 2:34am Feb 21, 2012 2:34am
If you are going to trade the 1 min time frame, you cannot wait for the close of the candle,,,when price crosses the line it is an entry if the indicators line up, not when a candle closes.

Sometimes on the 1 min if you wait for a candle close the trade is over.

On trade backs to the open, in particular, all you are waiting for is the the next time frame up stoch to roll over.

I will post an example
  • #332
  • Feb 21, 2012 2:37am Feb 21, 2012 2:37am
OK. But i still dont understand why you entered on this candle?

I need to watch it on my own chart.
Is it a carrency chart or stock index?
So can you post settings of FIFO indicator?
  • #333
  • Feb 21, 2012 3:12am Feb 21, 2012 3:12am
Maybe I have not been clear on this.

Let me go over the rules again for the 1 min,,,I trade when price crosses a line...pick a moving average, I like the 5 or the 8 EMA (pick one that you like)

When price crosses that line I enter, then use all the other indicators on the chart to stick with the trade until it ends, or takes me out with a trailing stop, or Break even stop, or it reaches my target.

Hope this relieves some of the doubt. I will post a few examples so you understand what I am saying

The first chart is step 1 of the process.
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  • #334
  • Feb 21, 2012 3:20am Feb 21, 2012 3:20am
Quoting hharrington
Maybe I have not been clear on this.

Let me go over the rules again for the 1 min,,,I trade when price crosses a line...pick a moving average, I like the 5 or the 8 EMA (pick one that you like)

When price crosses that line I enter, then use all the other indicators on the chart to stick with the trade until it ends, or takes me out with a trailing stop, or Break even stop, or it reaches my target.

Hope this relieves some of the doubt. I will post a few examples so you understand what I am saying

The first chart is step 1 of the process....
Thanks for the explanation. This means you do not wait for a pullback on the M1, do you?
And on the M5, M15 and higher you always enter on pullback AND candle close?
  • #335
  • Feb 21, 2012 3:28am Feb 21, 2012 3:28am
Step 2 1 min trade entries
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  • #336
  • Feb 21, 2012 3:45am Feb 21, 2012 3:45am
Quoting Jane_peters
Absolutely
You are like most people learning to trade, you have not learned the nuances of trading the shorter time frames.

It takes loads of screen time and practice, which I think I mentioned in the first part of this thread.
  • #337
  • Feb 21, 2012 3:50am Feb 21, 2012 3:50am
3rd and final step of 1 min trade example.

3 trades 10 pips each equals 30 pips, or you could have just stayed in, and moved your stop up. ( your choice)
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  • #338
  • Feb 21, 2012 3:55am Feb 21, 2012 3:55am
Final step

The only way you can learn to do this folks is to spend some time at the screen, and practice practice practice,,then it becomes second nature to enter the trades.

Have fun and bank them pips

HH
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  • #339
  • Feb 21, 2012 4:07am Feb 21, 2012 4:07am
Practice Practice, and more Practice.

Both of these trades lasted about 12 minutes each, so don't use the excuse that the 1 min is too fast.

You have to pay attention, but it produces lots of pips if you learn how to trade it in both directions.
Don't always be in a rush to get out of a trade let it run if its still going in your direction

This is all happening live folks,,i love it when the 1 min swings like this
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  • #340
  • Feb 21, 2012 4:15am Feb 21, 2012 4:15am
EU, 1min, 30 pips.

HH thanks for additional charts, very helpful. Actually, as you have mentioned, you could use any combination of indicators, HAs, MAs etc to make this work. Cheers.
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