Freebie 1 min trading method | Page 37 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies

EA - "Simple Method of Scalping on 5 min chart , especially GBP/JPY - by Imran Sait" 36 replies

bo7a method... method for GBP/JPY 205 replies

Help adding a filter to the Freebie Indicator 3 replies

15 min indicator on 5 min chart 3 replies

Attachments: Freebie 1 min trading method
Exit Attachments

Freebie 1 min trading method

  • #721
  • May 30, 2012 7:42pm May 30, 2012 7:42pm
An updated template and indicators coming soon....folks I dont trade the 1 min tf much anymore, I have graduated to longer term.

But I am still available to show any of you that want to learn to build an account starting with just a little bit of money.

Have fun

HH
  • #722
  • May 31, 2012 5:14am May 31, 2012 5:14am
Hi HH, glad to see you around.... I'll bite, I'm interested to know you current trading model :nerd:
I am still in scalper mode, looking for quick trades between GMT 10-12 on EU. Systems such as yours work with proper MM as they are based on sizing up a trend in real 1m TF... a trend or countertrend within a trend.

Look forward to the read!
Macca
It is better to die on your feet than to live on your knees. Zapata.
  • #723
  • May 31, 2012 7:14am May 31, 2012 7:14am
Quoting hharrington
An updated template and indicators coming soon....folks I dont trade the 1 min tf much anymore, I have graduated to longer term.

But I am still available to show any of you that want to learn to build an account starting with just a little bit of money.

Have fun

HH
Hi HH,

yes, highly appreciated. Personally I feel comfortable with your strategy so would like to trade it. Looking forward to your updates.
Cheers,
  • #724
  • May 31, 2012 7:36am May 31, 2012 7:36am
Quoting hharrington
An updated template and indicators coming soon....folks I dont trade the 1 min tf much anymore, I have graduated to longer term.

But I am still available to show any of you that want to learn to build an account starting with just a little bit of money.

Have fun

HH
I'm soooooooo glad to see you around again!!! I even thought you have left and would never be back, which made me so sad, after so many trials I've found a good thread eventually, but my friend who opened it unexpectively abandoned it

How lucky I'm to see u back, and a big hug for you
  • #725
  • Edited 2:07pm Jun 3, 2012 1:37pm | Edited 2:07pm
Hi HH,

in this case, what is the right reasoning?

S1 - look into long: I have a 3ball south so I look for long. MA8 crossed north, blue HA, I have a pullback and a cross of one indicator.

S2 - look into short: I evaluate this as a pullback during a (fresh) downtrend (as HA15 is red), price crossed MA8 down and Stoch is not yet pointing up.

http://img137.imageshack.us/img137/8...1jun032024.jpg


Some more questions:
early in the presentation of your approach you indicated that you enter a trade when price breaks a trendline and use a trendline EA for entry.
Later on, you indicated you enter when price crosses MA8.

You use both entries or you moved from A to B ?
Do you buy on simple cross? Would the close below the line or MA not be safer entry?

Thx and a good week,
  • #726
  • Jun 4, 2012 3:02am Jun 4, 2012 3:02am
Quoting Frenchie
Hi HH,

in this case, what is the right reasoning?

S1 - look into long: I have a 3ball south so I look for long. MA8 crossed north, blue HA, I have a pullback and a cross of one indicator.

S2 - look into short: I evaluate this as a pullback during a (fresh) downtrend (as HA15 is red), price crossed MA8 down and Stoch is not yet pointing up.

http://img137.imageshack.us/img137/8...1jun032024.jpg


Some more questions:
early in the...
I use all of the above. For scalping I am taking all trades in the direction of the 15 min HAMA on the 1 min charts. I will post some examples

For longer term trading I am trading the 15 or 30 min charts in the direction of the 4 hr HAMA.

I use trendline breakouts only on longer term trading.

Yes I use price crossing the 8 moving average when I am scalping the 1 min, and the 15 min hama agrees
  • #727
  • Jun 4, 2012 3:10am Jun 4, 2012 3:10am
Here are some examples
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trading the 1 min charts direction of 15 min long.gif Size: 67 KB
Click to Enlarge Name: trading the 1 min charts direction of 15 min.gif Size: 65 KB
  • #728
  • Jun 4, 2012 3:14am Jun 4, 2012 3:14am
Some indicators you may like.
Attached File(s)
File Type: ex4 Ultra-Signal.ex4   5 KB | 1,088 downloads
File Type: ex4 CCIarrow.ex4   3 KB | 932 downloads
File Type: mq4 CCIarrow.mq4   3 KB | 1,047 downloads
  • #729
  • Jun 4, 2012 3:15am Jun 4, 2012 3:15am
As you can see by the above charts when price crosses the 8 moving average its a good entry, if the 15 min charts agree.

Its really easy if you keep it simple

HH
  • #730
  • Jun 5, 2012 2:35pm Jun 5, 2012 2:35pm
Thanks, HH, for your input.

In your examples you only use HAMA15. So you dont look at e.g. Stoch for early warning and take whatever M8 cross ?

I attach some trades I took today with my comments. Hope you can give me some feedback.

I actually wonder if the M1 is the right one to trade (back from losses) my small account or if I should not move to higher levels. Less screentime, less trades and (maybe) less whipsaws, and I feel my many small losses on M1 I could have afforded already some trades with higher risk per trade on M15 or up :-/

http://img526.imageshack.us/img526/5...01291456pm.jpg

Trade 4 – BE
On First retrace the M15 still red. Maybe too late entry. Sold on first cross M8 south.

Trade 5 - 6 pips
Breakout of trendline with M8 cross and HA15 blue, then turned immediately below M8 again.

http://img215.imageshack.us/img215/4...01285236pm.jpg

Trade 1 - +8
Potential +12
In on 1,2,3 of first LH, out on first blue HA. Should have closed when MA8 crossed.

Trade 2 - -7
M15 was red, so used the M8 cross. Turned after ~3 pips back north.

Trade3 - -7
M15 was still displaying red when price crossed M8 south. Quickly retraced

Trade4 - +3
Late in as I manually had to kill Trade3 and enter Trade4. Sold on cross with close under MA.

Issues: As I don’t get the line trader working on my MT4, I have to manually execute which rhymes with re-quotes


Thanks!
  • #731
  • Jun 6, 2012 7:03am Jun 6, 2012 7:03am
Put a 60 minute HAMA on a 15 min chart. It has an alert for direction change.

I still use the color stochastic in a bottom window for oversold and overbought, and also 2 bbmacd's at different settings. 38, 120, 20 and
144, 233, 20. Both have to agree to take a trade

When you get a 60 min alert of a direction change on the HAMA, you then take a look at the 15 min chart and decide if you want to take the trade.

We are trading the 15 in the direction of the 1 hr.

Same setup on all timeframes, just adjust HAMA settings 1 min, 15 min HAMA etc etc



Have fun HH
  • #732
  • Jun 6, 2012 7:48am Jun 6, 2012 7:48am
AUSSIE DOLLAR LONG trade anyone????
Attached Image (click to enlarge)
Click to Enlarge Name: trading the 15 min in direction of the 1 hr.jpg Size: 236 KB
  • #733
  • Jun 6, 2012 8:52pm Jun 6, 2012 8:52pm
Quoting hharrington
AUSSIE DOLLAR LONG trade anyone????
i notice you have done lot of changes in template and change the indicators, its great if you upload template + indicator in one folder.

i am hear to learn from you.

thanks
  • #734
  • Jun 6, 2012 9:36pm Jun 6, 2012 9:36pm
not much has changed, just the dolly graphics package which I am experimenting with. I still trade the same way, shorter timeframe in direction of longer term heikens with moving averages, HAMA

All the indicators are in the thread

I just added some new ones for you to play with, I really like the ultra trend indicator.

HH
  • #735
  • Jun 6, 2012 9:39pm Jun 6, 2012 9:39pm
I really pay attention to the daily open times guys and gals.

A lot of good trades begin around the 5PM open, the 8 PM Asia Open, the 2AM Frankfurt Open, 3AM London Open, and the 8AM NY Open.

Make that a part of your daily routine, checking charts at those times, or at least at the times you are awake near 1 or 2 of them.

HH
  • #736
  • Jun 7, 2012 7:33am Jun 7, 2012 7:33am
I find out 5 open lines are quite near each other right now, the price just moved 40pips or so from Sydney session(red line), I smell some big time will be coming, now NY(margenta line) has open already, just waiting for the big time. But I still have no ability to tell which direction it will go, up or down? seems both are possible, let's go and see!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 26 KB
  • #737
  • Jun 7, 2012 8:09am Jun 7, 2012 8:09am
Quoting ak47dan2004
All we need is a good filter and we will be in business.
This is the thinking that keeps the market liquid for the real traders.
  • #738
  • Jun 7, 2012 6:24pm Jun 7, 2012 6:24pm
This method went from really simple to complex in about 3 pages of posts.
This method is just as easy. Really what you have to do is be able to determine the trend. Then take the trades from the smoothed heiken ashi in continuation to the flow of the trend.

You can use a 100 SMA and daily pivot as a trend signal.

When price is above both the 100 SMA and daily pivot for the day look for longs.

When price is below both the 100 SMA and daily pivot for the day look for shorts.

You can still use the same location for the stop loss based on the swing high / swing low.

By apply this simple logic to your entries you have created a filter that when to enter trades, but the simplicity is still very easy.
  • #739
  • Jun 7, 2012 7:42pm Jun 7, 2012 7:42pm
Quoting freeforexide
This method went from really simple to complex in about 3 pages of posts.
This method is just as easy. Really what you have to do is be able to determine the trend. Then take the trades from the smoothed heiken ashi in continuation to the flow of the trend.

You can use a 100 SMA and daily pivot as a trend signal.

When price is above both the 100 SMA and daily pivot for the day look for longs.

When price is below both the 100 SMA and daily pivot for the day look for shorts.

You can still use the same location for the stop loss based on the...
Nothing complex about this method at all, just use whatever indicators that you prefer to determine the higher timeframe direction and take 1 min pullbacks in that direction.

Pay attention to the open lines i have discussed thru out the thread, and you will get some easy trades.
  • #740
  • Jun 7, 2012 7:43pm Jun 7, 2012 7:43pm
Example AU trade 1 min from the Asia Open
Attached Image (click to enlarge)
Click to Enlarge Name: au trade asia open.jpg Size: 227 KB
1 trader viewing now