Freebie 1 min trading method

Fantastic Ezzy, your welcome

The EJ was fun this morning starting at the London Open

The best way to describe my trading style, I am a swing trader on any timeframe.

Hi,

nice chart.

This M1 chart looks a little different than your last template...have you added/changed some parts (e.g. moving averages)?

Does it mean you trade also the pullbacks of the price action (1 MA) and/or HA candles and not only the cross of the price action and the 8 EMA?

I have mentioned in past post's, pick some moving averages that you like for trading and add them to your template, I frequently use price crossing the 8 ema for entries. My style of trading usually trades a pullback but not necessarily when the 1 min is swinging nicely.
It all takes practice

Here is an indicator you may like, it keeps you informed of all the important possible support and resistance levels on all timeframes.

Here is a daily open line indicator, (vertical lines) with labels. Use this along with the daily open line if you wish.

just start to demo and some tests. got stopped on AUD/USD 15M today...

HH, did i miss some point? or that's it?

tks

J.O

USD/CAD hit SL too...

If you want me to critique your trade entries, you have to mark where you got in and what time it was EST. I trade eastern standard time.

Otherwise I have no idea what you are talking about

If you will practice with nothing on your charts but the line chart and heiken ashi candles (15 min chart) you will see the swings. Add a semafor to the charts, and when you want to go long, put the stop loss below the 3 ball, and short put the stop loss above the 3 ball.

Watch for a few weeks until you get the gist of seeing swings.

HH

The cad and I don't agree, I never trade the us/cad. I only trade pairs that have a daily average over 100 pips.

For the purpose of everyone being on the same page, download the mt4 demo platform from PFG best.

Then when you describe a trade I can look at it on my demo platform and give you an intelligent response, without having to calculate what time it is on your charts.

I was really punished today. I think I applied all the theory correctly.
On the chart, I had several long positions as indicators was also supported by this bullish impulse move we had early from the Europe session.
All my longs died.
So I decided market was heading down and then i tried the same principles and tried to short the US market ... except it got Bullish.http://content.screencast.com/users/...02-23_2334.png

Punishing day

HH, Im watching the swings and take notes about possible trades... I just start demo today.

Ok about the CAD.

But A/U seems to be right... Smooth ha changed red, mtf stoch OB and pointed down, macd complete cross down, 3 semaphor above... I waited for a pullback and the dots to made H,L,LH and took the trade when price crossed the moving average.

There is a small red arrow pointed the place I made the trade and a blue vertical line where i got stopped. The entry time was 07:15 ( EASTERN TIME ).

detail: I put SL above the 1 semaphor dot ( last swing high )

it is my loosing trade. Did i sth wrong entry this trade at that moment?
Price bounced from tokyo, sydney open and went up.

without knowing where price is going then trading in the wrong direction means you will hit SL. Thats not the problem however because its ok to loose. However the problem is where market is going sideways these trades tends to hit my SL.

Problem is that market is bipolar ... 50% of time it is trending and 50% its going sideways.

So I estimate you got a 25% chance of winning.

Why ?

Well because sideways you loose and in the trending market lets say you get 50% of the calls right and 50% you might be going the wrong direction. If you think that is an exaggeration then remember the Trend can change at any time !
So overall this = 25%. Its a pretty crude model but it does show why trading is really difficult and odds are against us. Market is not binary it does not just go up or down.

So I think its necessary to apply some leading indicators to the high level chart. So if you are trading 5M then you need to draw some SR lines on the 15M and enter the market according to the setup on the 15M and use this system as the trigger on the 5M.

What do you think ?

Ok ... or how else can I elimanate a Sideways market and how better can I determine the direction of the market (MA are not good enough)

Why dont you use the MACD BB lines aswel ?
Did you see the 3 above you when you entered into your trade ?

Yes, when i enter trade 3 ball was where ball 2 is on the screen.

ok in which case your SL should have been above the 2.
therefore you should not have lost so many pips.

But end of the day ... if market is moving one way and you are going the other even if thats what these indicators are saying then you are going to loose.

Not sure how to fix that problem ... not sure its fixable. But you can limit your losses by placing a better SL.