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Freebie 1 min trading method

  • #501
  • Feb 29, 2012 11:34am Feb 29, 2012 11:34am
I think I shouldn't have been so smug this morning.... should have jumped back on the elephants back! Aud/usd dropped 98 pips from my entry! When I grow up...I'm gonna be just like Robby and HH!

Attached Image (click to enlarge)
Click to Enlarge Name: aud usd continuation.jpg Size: 124 KB




PS: FreddyFX...can you spare some of your 1 min TF adrenaline!
  • #502
  • Feb 29, 2012 2:42pm Feb 29, 2012 2:42pm
XStorm....sorry, but if I see that name, for some reason you make me think about KMart, lol.

I was training a new student the past hrs., so could not do everything at the same time.

My vision is that trading should be like riding your bike or driving your car.
If you have not reached that level YET, stay away from live trading.

There are far too many complicated setups on the forums, basically trading is SOOOO easy.
You learned to walk, ride your bike, drive your car, so you should be capable of learning how to trade.

I am ONLY interested in finding the good entry, the rest is for my "secretary" to handle.

I don't need any SL, I am an engineer, know what I am capable of, and in forex also know how to handle anything.

As for HA candles, much too slow for me, I am out with profit before that shows me to even get in.
Don't swim with the sharks any longer than needed.

Forex is not a game for me, it is a business with real income.

Hope this gives you an idea, buddy.
  • #503
  • Feb 29, 2012 4:03pm Feb 29, 2012 4:03pm
More newbie news....

So, the aud/usd dropped about 140 pips from my entrance.... Got out on the first retracement but didnt jump back in on the Lower High.

So the lesson here today was...let your winners run!

Attached Image (click to enlarge)
Click to Enlarge Name: more aud usd.jpg Size: 113 KB
  • #504
  • Feb 29, 2012 4:06pm Feb 29, 2012 4:06pm
Stormy X, ever thought about using the wrong strategy??
  • #505
  • Feb 29, 2012 6:33pm Feb 29, 2012 6:33pm
Quoting XStorm
So guys, I am still a newbie (by your terms) so I wanted to post something here for the newbies who may get a little frustrated in these forums:


Do your homework and your face time. Sorry guys, no way around it. I tried. I bought seminars, strategies and signal service and still didn’t trust them enough to even use them. Thousands of dollars down the drain. Know your indicators, know your timeframe, know your tools (fibs, pivots, pitchfork,,,). You will learn that PRICE IS NOT OBEDIENT TO ANYTHING ALL THE TIME. So with that knowledge,...
Words of wisdom my friend HH
  • #506
  • Feb 29, 2012 8:39pm Feb 29, 2012 8:39pm
Quoting hharrington
Words of wisdom my friend HH
This method/thread has made me become more patient with waiting for set-ups and also spending more time watching the charts, my results have improved dramatically. Previously I was spending more time reading FF, now it is more time on Mt4!!!
It is better to die on your feet than to live on your knees. Zapata.
  • #507
  • Mar 1, 2012 1:02am Mar 1, 2012 1:02am
Quoting hharrington
Words of wisdom my friend HH


The question is hows the strategy doing in ranging market
  • #508
  • Mar 1, 2012 5:00am Mar 1, 2012 5:00am
Quoting fxpunk2011
The question is hows the strategy doing in ranging market
If you can see the extent of the range you can scalp between these, check the HH charts, they are filled with great advice
It is better to die on your feet than to live on your knees. Zapata.
  • #509
  • Mar 1, 2012 5:27am Mar 1, 2012 5:27am
An interesting picture about trend vs ranging markets. Use a few indicators to determine trend vs ranging markets.
The bottom window long term bbmacd lets me know that the trend has not reversed yet, and we are in a ranging period. The macd complete and stochastics are pointed up but the bbmacd is still pointed down.
The range is about 50 pips wide so we can scalp that range on a lower time frame
Attached Image (click to enlarge)
Click to Enlarge Name: trend vs ranging.gif Size: 52 KB
  • #510
  • Mar 1, 2012 5:34am Mar 1, 2012 5:34am
Quoting Freddyfx
XStorm....sorry, but if I see that name, for some reason you make me think about KMart, lol.

I was training a new student the past hrs., so could not do everything at the same time.

My vision is that trading should be like riding your bike or driving your car.
If you have not reached that level YET, stay away from live trading.

There are far too many complicated setups on the forums, basically trading is SOOOO easy.
You learned to walk, ride your bike, drive your car, so you should be capable of learning how to trade.

I am ONLY interested in...
Freddy on HA candles, for the 1 minute, I use an ma cross for entries, HA candles on a longer time frame for direction...works very well for me. I believe I mentioned that in the thread, that price crossing that MA gets me in the trade, the HA's usually follow on the 1 min

Let me make this very clear for everyone, I never wait on the 1 min for a candle to open or close,,,I trade when price crosses the line.
  • #511
  • Mar 1, 2012 5:40am Mar 1, 2012 5:40am
If everyone has read the thread up to this point, I have posted some interesting examples of how to trade HA candles.

It is a very simple approach from the 5 minute time frame up. draw a line enter the trade when price crosses that line, with a few indicators for direction, or confirmation and you can bank many pips.

All you have to do to see this is put some HA candles on a chart with a line chart a different color, and watch for a period of time and you get the visual of the swings. Then you can develop a trading method to trade those swings using indicators of your choice.

1 min time frame takes a bit more practice. I will always entertain other peoples ideas about trading.

Have fun HH
  • #512
  • Mar 1, 2012 6:10am Mar 1, 2012 6:10am
Another tool I use that is standard in Mt4
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  • #513
  • Mar 1, 2012 7:30am Mar 1, 2012 7:30am
Waiting to short the aud usd 1 min. Will take swings on the 1 min TF untill momo picks up and then do HH's bottom up system to keep me in trade.

Fingers crossed. Trying to evolve from a "flea" to a succubus.

Will post results later....

Attached Image (click to enlarge)
Click to Enlarge Name: succubus.jpg Size: 95 KB




no entry trigger yet...
  • #514
  • Mar 1, 2012 7:59am Mar 1, 2012 7:59am
first swing...not so bad

Attached Image (click to enlarge)
Click to Enlarge Name: first swing.jpg Size: 69 KB
  • #515
  • Mar 1, 2012 8:13am Mar 1, 2012 8:13am
PS: Wanted to share why I chose the 1 min today instead of the 5 min..

The 5 min chart is hideous! No trading opportunities as of yet (IMHO)

Attached Image (click to enlarge)
Click to Enlarge Name: ugly 5 min.jpg Size: 37 KB



Since I will be on the 1 min today (it seems), I will have to concentrate on that TF so, no more postings until my trading day is done!

Happy trading!
  • #516
  • Mar 1, 2012 11:00am Mar 1, 2012 11:00am
Okay... this is it for me today. Had to sweat for my pips today! A couple of false starts on the 5m (choppy, choppy). Missed the 61.8 bounce but finally got in for the bounce off the 50.0 for 41 pips. Since I entered in late...I kept all 3 lots on the table.

Attached Image (click to enlarge)
Click to Enlarge Name: final aud usd.jpg Size: 104 KB


Signing out from the NY day shift. HH looking forward to your London shift!

Please excuse grammar on the jpg file. Working off of less than 3 hours of sleep this morning!

Happy Trading!
  • #517
  • Mar 3, 2012 10:17am Mar 3, 2012 10:17am
The ultimate 1 min trading setup. If you want 5 minute adjust the mtf HA to 15 min or higher.
Attached File(s)
File Type: tpl mtf ha 1 min.tpl   66 KB | 1,654 downloads
File Type: mq4 Color_Stochastic.mq4   5 KB | 1,402 downloads
  • #518
  • Mar 3, 2012 10:35am Mar 3, 2012 10:35am
Quoting hharrington
Another tool I use that is standard in Mt4
LRC is an outdated indicator in the forex world, buddy.

I got followed by the Center of Gravity and also that one is outdated already.

I can see how long you are in forex by mentioning the LRC, lol.
  • #519
  • Mar 3, 2012 10:47am Mar 3, 2012 10:47am
Quoting Freddyfx
LRC is an outdated indicator in the forex world, buddy.

I got followed by the Center of Gravity and also that one is outdated already.

I can see how long you are in forex by mentioning the LRC, lol.
I have not seen you mention any indicators that you use for trading the 1 min time frame....I dont use it any more either...LOL

By the way, what do you use for entry criteria on the 1 min time frame, you have not mentioned that either, you just jump in the room and say how easy it is to trade, but never talk about your trading setup. Either put up or shut up
  • #520
  • Mar 3, 2012 10:51am Mar 3, 2012 10:51am
Freddyfx is correct in one of the things he says, trading is soooo easy when you get the concept. If you dont have anything positive to say about trading, then keep it to yourself. This room is about sharing positive things about trading the rest is left out.
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