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1minute 1 trade

  • #681
  • Jun 20, 2012 2:22am Jun 20, 2012 2:22am
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!
As I've said in the past on this thread this system has nothing to do with European Open time so ignore the Euro Open completely! It uses the 2 hours leading up to the London Open. I wish Paulus would update the rules as a lot of this thread is taken up with people understanding things incorrectly due to misleading rules.
  • #682
  • Jun 20, 2012 2:31am Jun 20, 2012 2:31am
So if direction of trade comes from 120 minutes period of time before London open (not between Frankfurt and London Opens) thats fully clear for me and i dont have any more questions in this matter.
  • #683
  • Jun 20, 2012 2:31am Jun 20, 2012 2:31am
Quoting Jfr
As I've said in the past on this thread this system has nothing to do with European Open time so ignore the Euro Open completely! It uses the 2 hours leading up to the London Open. I wish Paulus would update the rules as a lot of this thread is taken up with people understanding things incorrectly due to misleading rules.
got it....Thanks
  • #684
  • Jun 20, 2012 2:47am Jun 20, 2012 2:47am
The 2 hour spell prior to London encompasses japan end of day, middle east/russia started and most important mainland europeans (esp Germany/Swiss) at their desks even though primary markets not open but they are trading, and of course London desks filling up from around 7. So less to do with market opening times, more to do with actual activity. The 2 hour spell prior to london open is in this case a valid way to evaluate direction, BUT, london markets opening can change all that. Strada.
  • #685
  • Jun 20, 2012 2:58am Jun 20, 2012 2:58am
Quoting sonicboom
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...
Determining trend that then offers a statistical edge is quite difficult to identify - so exactly how have you tweaked the directional assessment?
  • #686
  • Jun 20, 2012 3:01am Jun 20, 2012 3:01am
Quoting sonicboom
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...
Hi Sonicboom

Yes I think working out the direction to trade is the most important part of this strategy, then look for a quality entry in that direction, eg if long look for a good support level and watch for a turn signal. Paulus's signal is as good as any at the right level of course.

Paulus has been using the 2hrs previous to London open as his direction but I think you have a very valid point that London very often kicks off in the reverse direction as you say to "position" themselves for entry.

That being the case it would make perfect sense for us to do the same. After all it never hurts to follow the big boys!

Question for you Paulus?

Would you consider an alternative way to finding the trend direction to trade?

Question for you sonicboom?

How would you recommend finding the right direction in the morning?

Hopefully if we all work together we can only improve what is already a very successful strategy.

All the best Clive
Feel the Fear and do it anyway!!!
  • #687
  • Jun 20, 2012 3:07am Jun 20, 2012 3:07am
Oh dear,

are the results Paulus achieves not enough. Why don't we throw on some mtf indies and a dashboard and trade all day!
  • #688
  • Jun 20, 2012 3:16am Jun 20, 2012 3:16am
Quoting sidefx
Determining trend that then offers a statistical edge is quite difficult to identify - so exactly how have you tweaked the directional assessment?

Quoting clivepackham
Hi Sonicboom

Paulus has been using the 2hrs previous to London open as his direction but I think you have a very valid point that London very often kicks off in the reverse direction as you say to "position" themselves for entry.

That being the case it would make perfect sense for us to do the same. After all it never hurts to follow the big boys!

Question for you sonicboom?

How would you recommend finding the right direction in the morning?

Hopefully if we all work together we can only improve what is already a very successful...
Hi Sidefx and Clivepackham

I personally use the EMA 21 and 16 on H1/H4 (don't ask me about the mathematics, it works and if maths works 100%, we'll all be rich). I look at the high TF Weekly/Daily to visually see the move. If there is a trend, its easy to see it even without anything else but the eyes on these TF. I use these two EMAs on H4 and H1. Keeping it simple, I will not bring up other issues like PA and Supply/Demand zones, I use them to assist in being confident. Once the direction is determined, I now use Paulus' method for entry.

Regarding flowing together with the London market when they are repositioning, I'm not so ready to do that. I would rather wait it out until its moved to that position for an entry in the direction of the trend, as we may not know for sure if the repositioning has enough pips room for profit.
  • #689
  • Jun 20, 2012 3:19am Jun 20, 2012 3:19am
To add further, even after determining the trend from higher TF, for this strategy, I'd follow the H1 trend as highest priority.
  • #690
  • Jun 20, 2012 3:43am Jun 20, 2012 3:43am
Hi Sonicboom.

can you include a chart how it looks like for determining the trend


dutch
  • #691
  • Jun 20, 2012 3:52am Jun 20, 2012 3:52am
Quoting Grumbo
Oh dear,

are the results Paulus achieves not enough. Why don't we throw on some mtf indies and a dashboard and trade all day!
I think we need some filters and an expert advisor!
  • #692
  • Jun 20, 2012 3:58am Jun 20, 2012 3:58am
Quoting dutchsignals
Hi Sonicboom.

can you include a chart how it looks like for determining the trend


dutch
Hi Dutchsignals,

In line with the sentiments of Grumbo, which I fully agree, this system was designed by Paulus to be simple. My inputs were to prevent unnecessary losses, which equate to gains.

Its just a simple EMA crossover so no need for a chart, sorry mate.
  • #693
  • Jun 20, 2012 4:12am Jun 20, 2012 4:12am
Any attempt to establish trend in order to trade post-london-market-open using 1 minute charts and with small SL's is a complete waste of time. You will get slaughtered trying to trade off 1 min using high t/f trends etc. May sound good in theory but is meaningless in reality.

Paulus is using a simple method of finding early bias (probably a better description than direction) and combined it with a method and MM that in recent times has given a very good return. If every loss is going to create demand for change then this thread will collapse. By all means look for improvement but don't bring them to the table until there is firm evidence or obvious advantage.

One thing that may be worth considering is price action immediately after a signal. There have been occasions on losing trades when price has not improved at all or by very little. In my own experience (several years trading off 1min charts) I always wait for some improvement in price before taking the trade on, in this instance I'd suggest 1 pip improvement (but calculation for SL and TP remain as per system ie based entirely on closing price of signal bar/candle).
strada.
  • #694
  • Jun 20, 2012 4:18am Jun 20, 2012 4:18am
Quoting dutchsignals
Hi Sonicboom.

can you include a chart how it looks like for determining the trend


dutch
Oh dear! Can't you put 2 EMAs on your charts!!??
  • #695
  • Jun 20, 2012 4:28am Jun 20, 2012 4:28am
Strada,

Thanks for your words of wisdom, I can see your point clearly.
  • #696
  • Jun 20, 2012 4:43am Jun 20, 2012 4:43am
hi guys!

I'm going to test this system/style. :-) looks nice an the i like the idea behind. Thanks paulus!!

I took the buy trade @1.2.682, SL @ 1.2670 (-> Stopped out)

after "some time" i took the same trade again. (re-enter)
now finished @1.2712

bye, Alex
  • #697
  • Edited 8:58am Jun 20, 2012 8:10am | Edited 8:58am
Quoting clivepackham
Hi Sonicboom

Yes I think working out the direction to trade is the most important part of this strategy, then look for a quality entry in that direction, eg if long look for a good support level and watch for a turn signal. Paulus's signal is as good as any at the right level of course.

Paulus has been using the 2hrs previous to London open as his direction but I think you have a very valid point that London very often kicks off in the reverse direction as you say to "position" themselves for entry.

That being the case it would make perfect...
Two previous hourly candles define Up Trend.....at start of session.

I wouldn't start to guess the market - trade what you see, not what you think. We can't be right all the time...

Cheers
Marshy.
Attached Image (click to enlarge)
Click to Enlarge Name: paulus 1.png Size: 33 KB
“A setback is a setup for a comeback.”
  • #698
  • Jun 20, 2012 8:47am Jun 20, 2012 8:47am
ok

words "being kind" and "please" does not work here at this thread.

how about "idiot" and "moron"

walker

Quoting stevewalker
Hi Paulus

can you please be kind and answer my Question.

has anyone coded and BT ed the past performance

walker
  • #699
  • Jun 20, 2012 9:05am Jun 20, 2012 9:05am
Quoting stevewalker
ok

words "being kind" and "please" does not work here at this thread.

how about "idiot" and "moron"

walker
You said it.

Are you going to rely on someone else's data and put your money behind it?

Why not test it yourself?
  • #700
  • Jun 20, 2012 9:11am Jun 20, 2012 9:11am
Quoting stevewalker
ok

words "being kind" and "please" does not work here at this thread.

how about "idiot" and "moron"

walker

so a noob with a whopping 11 posts comes on the thread and calls a highly regarded member and idiot and a moron. Nice.

Take a minute and look at paulus contributions here, then look at your posts and review yours. Lazy ass, wannbe spoonfed comes to mind- why not read the thread?

Don't bother replying, your already on my ignore list.
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