1minute 1 trade | Page 34 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Can you teach me Carry Trade and Swing Trade? 5 replies

Golden rule: trade the trade! 16 replies

usa trade balance cad trade balance 6 replies

Philly Fed later - trade or not to trade? 10 replies

Months to trade or not to trade Forex? 2 replies

Attachments: 1minute 1 trade
Exit Attachments

1minute 1 trade

  • #661
  • Jun 20, 2012 2:58am Jun 20, 2012 2:58am
I placed it 3pips below the low of the 2hr period used to generate the sessions bias; penetration of that low, according to the rules, is a reversal, ie. shorts.

………although it doesn’t look like its going to help me.


Quoting GEOFFREY62
Loss -5% today for me, Peter why did you put your stop at 69, would be interested to know
Cheers
Geoff
  • #662
  • Jun 20, 2012 2:59am Jun 20, 2012 2:59am
Hi i think i can answer for Peter he put it under the low of the Europe open to Londen open. I also first got a close stop loss but then i see what he did and i close 0.2lots of my position when it was positive and then move my sl lower and take profit away. Time will tell if this works for today
  • #663
  • Jun 20, 2012 3:02am Jun 20, 2012 3:02am
Thanks, thought that was the case.
Geoff
  • #664
  • Jun 20, 2012 3:03am Jun 20, 2012 3:03am
Why the bias of direction is taken from 120 minutes period of time? All we know that it is only 60 minutes between Frankfurt and London open.
  • #665
  • Jun 20, 2012 3:04am Jun 20, 2012 3:04am
...most will be out of the buy with a loss now. If playing by the rules, that's it on this strat for today.
  • #666
  • Jun 20, 2012 3:08am Jun 20, 2012 3:08am
Quoting minako
hello,

the long that i just did, is it correct as per rules? if in case this fails, ill take a 2nd shot at the next buying signal (unless it breaks the low, then ill take the sell signal). thank you for your interpretation.

and the stoploss in really less than 10 pips????
I think the entry was incorrect based on Paulus' rules. I believe the stochastic has to be crossing the 50 level when the macd changes to light red. So it would have come on the next one to the right.
  • #667
  • Jun 20, 2012 3:09am Jun 20, 2012 3:09am
PeterE
Are you still in by the absolute skin of your teeth?
  • #668
  • Jun 20, 2012 3:17am Jun 20, 2012 3:17am
Quoting iwan73
Why the bias of direction is taken from 120 minutes period of time? All we know that it is only 60 minutes between Frankfurt and London open.
currently there are 2 hours between Frankfurt and London's open.
  • #669
  • Jun 20, 2012 3:18am Jun 20, 2012 3:18am
S 2683
  • #670
  • Jun 20, 2012 3:18am Jun 20, 2012 3:18am
Well I'm out but had a tight stop (I think this is a good thing). Good luck to Peter and all who are still in.
I hope Paulus might pop in and tell us how he got on and if we are setting stops to his method. Also if our entries were actually correct.
  • #671
  • Jun 20, 2012 3:22am Jun 20, 2012 3:22am
Quoting mannai70
I think the entry was incorrect based on Paulus' rules. I believe the stochastic has to be crossing the 50 level when the macd changes to light red. So it would have come on the next one to the right.
Stochastic should be below the 50 for long and above the 50 for short. Not already crossing. If the 50 is breached the trade is not valid.
  • #672
  • Jun 20, 2012 3:23am Jun 20, 2012 3:23am
Quoting Grumbo
Well I'm out but had a tight stop (I think this is a good thing). Good luck to Peter and all who are still in.
I hope Paulus might pop in and tell us how he got on and if we are setting stops to his method. Also if our entries were actually correct.
Paulus posted yesterday that he would be away for a few days and wouldn't be trading. The long signal was correct and if you look at his examples, he sets stops a couple/few pips beyond the nearest swing to entry.
  • #673
  • Jun 20, 2012 3:25am Jun 20, 2012 3:25am
Quoting Rahimseven
currently there are 2 hours between Frankfurt and London's open.
Frankfurt opens at 8 local time.
London opens at 8 local time.

During summer:
Frankfurt is GMT+2
London is GMT+1



So, it is only 1 hour between opens.
  • #674
  • Jun 20, 2012 3:26am Jun 20, 2012 3:26am
Quoting Rahimseven
Stochastic should be below the 50 for long and above the 50 for short. Not already crossing. If the 50 is breached the trade is not valid.
my apologies I misinterpreted that.
  • #675
  • Jun 20, 2012 3:27am Jun 20, 2012 3:27am
yes, and red news coming, cross fingers

Quoting GEOFFREY62
PeterE
Are you still in by the absolute skin of your teeth?
  • #676
  • Edited 3:40am Jun 20, 2012 3:29am | Edited 3:40am
Quoting Rahimseven
Stochastic should be below the 50 for long and above the 50 for short. Not already crossing. If the 50 is breached the trade is not valid.
great! i though i had it wrong.

so the bottom was broken and i saw a short entry. let's see where this takes us.

SL on previous high + spread.

EDIT: loss, again ... looks like it broke the high... so looking to buy this time.
Attached Image (click to enlarge)
Click to Enlarge Name: june20 short.png Size: 53 KB
Challenger
  • #677
  • Jun 20, 2012 4:06am Jun 20, 2012 4:06am
Today I have a+. but I put a stop to the bottom of the today is the day 1.2661. The risk of doing 2%. But he did, as he had planned to see this trade today. And so it happened. I think, if today's buy some more, then the profit will come again!
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 114 KB
  • #678
  • Jun 20, 2012 4:08am Jun 20, 2012 4:08am
Hi, I'm new here, but have been trading solely on Gold. I saw this method and thought I'll give it a try, using what I've learnt in Gold trading to apply here.

IMHO, the direction to trade should not be dependent on simply the breaking of the highs or lows between Euro and London open, what's most important is the underlying trend, which to me has been long for few days already, even today. London trade often reposition itself for better trades, ie, today is long, it very often drops lower for a better position to buy, it will most certainly break the lower line. If short trades are taken from breaking of lower limit as in today, I'm afraid next up will be your stoploss. This was the case in yesterday's trade as well. If the trend is up, then believe and stick to it, do not swing your bias up and down. Infact, by breaking the lower line today, it has improved the Risk Reward ratio, much to my welcome.

I made yesterday and today based on this logic, I like this simple method, but I've tweaked the directional assessment and removed the breaking of lines rules, plus mm, I am green these two days.

Just wanted to share and hope its been helpful.
  • #679
  • Jun 20, 2012 4:11am Jun 20, 2012 4:11am
Quoting iwan73
Frankfurt opens at 8 local time.
London opens at 8 local time.

During summer:
Frankfurt is GMT+2
London is GMT+1



So, it is only 1 hour between opens.
If that's the case today's long trade would not be valid because the 1 hr Euro-London low was breached before the trade signal.

Paulus can you chime in on this? Or anyone!
  • #680
  • Jun 20, 2012 4:20am Jun 20, 2012 4:20am
Quoting Rahimseven
If that's the case today's long trade would not be valid because the 1 hr Euro-London low was breached before the trade signal.

Paulus can you chime in on this? Or anyone!
Regardless of all this confusion between the start times, I believe Paulus has been using the two hours prior to London. So his current results are based on that.
1 trader viewing now