1minute 1 trade | Page 38 | 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

  • #741
  • Jun 21, 2012 3:05am Jun 21, 2012 3:05am
Hi fellow traders,

Not to publish after the fact, I'm still learning this system, but just to share my trade today.

As I've mentioned, my bias is through EMAs 16 and 21. As seen from first diagram , the 16EMA was below 21 EMA, thus giving me the bias as down. It was down 5 hours preceding the London market.

As the bias was down, my signal was received at 0812GMT entry @ 1.2681. My SL was previous high using the 1M chart and I got 1.2693 as shown by the Red line. After 3:1 ratio, my target was 1.2645. The trade went up and I took another position with another short signal. Target was achieved.

I knew there was German figures at that time, but I think we shouldn't let that affect the system. This system works also by the RR, so we must try to trade everyday. As in today's case, I was also lucky Germans were in red.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen shot 2012-06-21 at PM 04.00.37.png Size: 57 KB
Click to Enlarge Name: Screen shot 2012-06-21 at PM 04.03.25.jpg Size: 119 KB
  • #742
  • Jun 21, 2012 3:10am Jun 21, 2012 3:10am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting Jfr
Price went up slightly from the two hours before London to the London open hence bias was initially long. When it then broke the low of those two hours it then became short. No signal has yet been fired off in either direction as far as I can tell.
OK, I misunderstood Paulus.
For me Europe Open is Frankfurt open, 1 hour before London.
I won't make any change or suggestion to his method, that works fine.

But I'll check signals based on 1h before London, not 2 hours previuosly.
Just to make comparison. Today was OK.

Have a nice trading day
--- nothing to say ---
  • #743
  • Jun 21, 2012 3:15am Jun 21, 2012 3:15am
Quoting sonicboom
Hi fellow traders,

Not to publish after the fact, I'm still learning this system, but just to share my trade today.

As I've mentioned, my bias is through EMAs 16 and 21. As seen from first diagram , the 16EMA was below 21 EMA, thus giving me the bias as down. It was down 5 hours preceding the London market.

As the bias was down, my signal was received at 0812GMT entry @ 1.2681. My SL was previous high using the 1M chart and I got 1.2693 as shown by the Red line. After 3:1 ratio, my target was 1.2645. The trade went up and I took another position...
...interesting, so why didn't you take the 8:06 signal?
  • #744
  • Jun 21, 2012 3:16am Jun 21, 2012 3:16am
sell 1.2657 @ 809 GMT SL 1.2675 (-5%) TP 1.2603 (+15%)

not sure if stochs were correct at 708GMT signal bar!?
plus more red news just around corner
.
  • #745
  • Jun 21, 2012 3:19am Jun 21, 2012 3:19am
Quoting sidefx
...interesting, so why didn't you take the 8:06 signal?
Hi, 0806GMT signal was invalidated by stochastic <50, if I understood the system to be correct.
  • #746
  • Jun 21, 2012 3:25am Jun 21, 2012 3:25am
Quoting PeterE
sell 1.2657 @ 809 GMT SL 1.2675 (-5%) TP 1.2603 (+15%)

not sure if stochs were correct at 708GMT signal bar!?
plus more red news just around corner
.

Stoch was at 62. Signal is good
  • #747
  • Jun 21, 2012 3:26am Jun 21, 2012 3:26am
Quoting sym
OK, I misunderstood Paulus.
For me Europe Open is Frankfurt open, 1 hour before London.
I won't make any change or suggestion to his method, that works fine.

But I'll check signals based on 1h before London, not 2 hours previuosly.
Just to make comparison. Today was OK.

Have a nice trading day
At the risk of sounding like a stuck record... IGNORE the European Open, its has nothing to do with this system. You use the two hour period before the London Open for direction. European open just happens to be smack bang in the middle of this. I have asked numerous times for Paulus to amend the rules but he still hasn't which just results in confusion for many people and pointless time zone questions
  • #748
  • Jun 21, 2012 3:26am Jun 21, 2012 3:26am
you could be right, but.......

Quoting sonicboom
Hi, 0806GMT signal was invalidated by stochastic <50, if I understood the system to be correct.
Attached Image
  • #749
  • Jun 21, 2012 3:29am Jun 21, 2012 3:29am
Quoting sonicboom
Hi, 0806GMT signal was invalidated by stochastic <50, if I understood the system to be correct.
OK, >50 on my chart. Stoch Indie &/or feed variation.
  • #750
  • Jun 21, 2012 3:31am Jun 21, 2012 3:31am
Quoting PeterE
you could be right, but.......
Sorry PeterE, your point being?
  • #751
  • Jun 21, 2012 3:32am Jun 21, 2012 3:32am
thanks

Quoting Rahimseven
Stoch was at 62. Signal is good
  • #752
  • Jun 21, 2012 3:33am Jun 21, 2012 3:33am
Quoting sidefx
OK, >50 on my chart. Stoch Indie &/or feed variation.
I'll relook , I got mine at 46.89. Just to make sure we are singing the same tune, we look at the Main, not the signal of Stochastic, right? (genuine question)

Well, if I'm wrong, I just missed one position of 3.
  • #753
  • Jun 21, 2012 3:33am Jun 21, 2012 3:33am
my chart says all good at my end

Quoting sonicboom
Sorry PeterE, your point being?
  • #754
  • Jun 21, 2012 3:34am Jun 21, 2012 3:34am
Quoting sonicboom
Hi, 0806GMT signal was invalidated by stochastic <50, if I understood the system to be correct.
Stoch was at 56 @ 8:06 on my charts
  • #755
  • Jun 21, 2012 3:38am Jun 21, 2012 3:38am
Quoting Rahimseven
Stoch was at 56 @ 8:06 on my charts
Ok, I've expanded that section, look at the vertical red line, that's what my Sto was reading.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-06-21 at PM 04.36.19.jpg Size: 100 KB
  • #756
  • Jun 21, 2012 3:39am Jun 21, 2012 3:39am
anyway, the brits are excitedly buying in an anticipation of the olympics, so all is good right!

.......and so the market is heading up
.
  • #757
  • Jun 21, 2012 3:42am Jun 21, 2012 3:42am
Quoting sonicboom
Ok, I've expanded that section, look at the vertical red line, that's what my Sto was reading.

Sure your stoch settings are set to low/high?
  • #758
  • Jun 21, 2012 3:45am Jun 21, 2012 3:45am
Quoting Ozz
Sure your stoch settings are set to low/high?
This is my setting, nothing's been changed.
Attached Image
  • #759
  • Jun 21, 2012 3:46am Jun 21, 2012 3:46am
-5% loss
  • #760
  • Jun 21, 2012 3:49am Jun 21, 2012 3:49am
Hello Everybody am new here i just saw the thread last night and i have been trading the 1mins chart with my personal method which have been great even till this morning but i wanted to trade Paulus Method and i was in a rush LOL and i drew the line from Euro Open to London Open and gush it was a BUY Signal i took the trade and behold i got a lost trade of -$29 but bet you am gonna make more than that using PAULUS method as i just checked with my personal method and behold it was a sell signal, the lost trade was my MISTAKE.

Below is my how i set my TP on my personal method which i will be using to check the 3:1 of PAULUS METHOD which has been corresponding.

Open a 4hrs chart calculate the last pivot points of the last 4hrs that will give you to exact level the price can go in the next 4hr check and see you will be amazed.

Thanks
Zawad
1 trader viewing now