Freebie 1 min trading method

The Asia open provided pips for me on the following pairs tonight.

AU, EJ, GU, EU, and UC

Watch those opens folks,,just pick 1 pair until you get used to trading.

Have fun HH

26 pips from Frankfurt Open (orange line).
I wish I could do that regulary...

http://img337.imageshack.us/img337/4...12102558am.jpg

Aussie 1 min trade turned into a 15 min trade from asia open last night

Hi HH,

I was trading your approach and my winners get eaten up by more loser, probably wrong entries?!

Let me summarize what I understood:

M1 trading
As long as HAMA15 shows long, you trade on M1 all crosses of Price with MA8 north after a dip represented by a 2ball.
Your initial SL is -5 pips. Your next SL is BE+5 pips (minimum gain).

M5 and higher
As long as the one or two higher timeframe (e.g. M5 & M15 or M30) shows long, you put a trendline to the corrections onto the back of the M5 HAMA. You do not trade the cross of price with that trendline but you wait for a move north after crossing, then a dip back , ideally to 38-61 FIB level , represented by a 2ball.
Then you trade the 123 pattern, means: you enter when the high was taken???? Or do you enter on the retrace itself when e.g. 50% FIB is reached?
Here some pictures:
http://img694.imageshack.us/img694/2660/hhexample1.png
http://img204.imageshack.us/img204/7004/hhexample2.png
Looking forward to your comments

Try this setup for trading the 1 min ...simple rules.

Sorry guys you need this indicator add it to the zip folder

Hi HH,

thanks for the template. I attached it and - wow - colors and blinking everywhere .
Now, pls help me to understand what I am looking at to enter.
Is it the alerts that pop-up? (it alerted me a couple of candles in a row that an entry is possible - so I e.g. wait until after many short, a general trend up alert pops to catch an early reverse similar to the trendline breaks?).
Or combined color coding of ultra signal, bb macd and HAMA?

No trendlines in this one for any entry then ?

Good Weekend,

Here is what you need to do to be able to recognize the swings on a 1 min chart. Remember that 1 min trades last from 45 minutes to an hour. The normal reversal times on a 15 min chart are on average 45 minutes.

Load up a 5 min chart and put a 15 minute HAMA on it.

Every time the Macd 2 gets a yellow dot, mark a vertical line on your chart at that dot.

After 3 or 4 hours go back and look at the vertical lines on a 1 min chart.

This gives you some insight on where 1 minute entries happen when the 5 minute agrees.

Notice how the ultra trend line on the chart keeps you in trades and allows you to take pullbacks.

Until you get used to trading a 1 min chart, use only the 15 min hama even on the 1 min charts. Only trade when the 15 min agrees in direction, this will keep you on the right side of the market all the time with the 1 min.

The idea is to get in when the 15 changes direction with 1 trade, and add to it with multiple trades on the 1 min, until the 15 stops going in that direction. Think about it for a while. When the 15 min swing has finished you bank your pips and you are done trading for the day.


HH

The dolly graphics is a multi TF helper. It gives you info on what the 15 min charts and the 1 hr charts are doing without changing timeframes. It can be your best friend in trading if you learn how to read it.

I dont use it for entries, just information on what is happening on the higher timeframes.

All indicators I post in here are for your evaluation only. Its up to each individual to build a trading method for themselves. The ideas presented here are in actual use every day.

Hi HH
In your template HA mov avarage is set to TF 5. In some posts above UR talking about M15 as a higher TF. I am conffused a little bit.
I like your new template as well because years ago i use dolly system developed by user Skydart.
Best regards HH.

And by the way , MACD2 (yellow dot) is repainting .

Obviously you havent read the thread Iwan or you would not even say anything about repainting.

I have been here since 3 am this morning, and I have banked over 120 pips using this template that you are complaining about. What have you done. COMPLAIN COMPLAIN COMPLAIN Wake up and smell the pips. If you just put a 5 min or 15 min HAMA on your 1 min chart and follow them around you will make pips.

HH i am not complaining. I use repaining indi everyday in my trading.
I just want to say what i observed when i test your system.

Hi HH
How important for U are informations about trend given by Dolly indi on the left side of the screen? At this moment "M15 Trend Analysis" on EU is showing STRONG BEARISH TREND. Does it mean U avoid long trades even all condtions listed below are met?
Correct me if i am wrong:
to go long
1. Macd and BBmacd should be in the same colour (blue)
2. Ultra signal blue
3. HAMA blue

Best regards
Iwan

I use that information along with the indicators on the chart.

The most important thing is the ultra trend indicator which I posted a while back. If price is below that I will agree with the dolly and keep taking shorts.

Good example of this is the EU from the eur and london opens this morning. Look at the 2 indicators in the bottom window, and the ultra trend signal is short all the way down.

This is a 5 min chart so you could take all the pullbacks if you wish in the short direction.

I added a couple of times and when price gets above the ultra trend I will exit all positions

You can monitor the 1 min chart for re-entering

You can trade with just these 3 indicators on the chart. Ultra trend for direction, bbmacd 2 of them, I mentioned the settings before.

HH

Am I cherry picking trades to show you my method, yes I am. But if you can grasp the concept then pretty soon you will be taking these trades.



If you are patient and wait for the setups, these trades are here every day.

I just moved all my stops down to 1.26000 on EU

Dont forget you get the same trades setup in the oppostite direction on USD/CHF Double your pleasure!!!!!! and it all started early this morning around 2 AM

If you were here at 3 AM you got some of the benefits of watching charts at the London Open

Hi HH,

how did you get into those positions?
Looking at your sell entries, you bought on FIB retraces in this case.

http://img688.imageshack.us/img688/1...01293641pm.jpg


Why you did not apply MA8 cross or trendline breakouts?

In more detail: on first retrace: you dont take 38, you waited for 50.
In second retrace you waited for 62.
How do you distinguish if you enter 38, 50 or 62 ?

How you deal with re-quotes ? If you enter manually, that might spoil a nice entry, especially when ranges are small.
Or do you put a sell order on the FIB value?

Cheers,

http://imageshack.us/photo/my-images...1293641pm.jpg/

Just trade candle formations beneath the ultra trend going in the same direction. When you get a pull back take the reversal short, if it does not go short, just wait it will. as long as the ultra trend is short.

Sometimes add ons have draw down for a bit. Dont worry about it just take the trade and leave it on. Put a stop loss above the last high if that makes you happy. I just have a large stop until all of my postions get into profit. Its called building a position.



HH