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Freebie 1 min trading method

  • #761
  • Jun 18, 2012 4:58pm Jun 18, 2012 4:58pm
Quoting iwan73
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.
Sorry Iwan,

I get a little testi sometimes, I am an ole fart. lol

Its really not a system, its a mehod of trading that I like. Let me know what you think Iwan
  • #762
  • Jun 19, 2012 1:05am Jun 19, 2012 1:05am
HH, i have to say that i like your thread because any time i visit it i can find sth new but main concept of trading is the same all the time, and thats great.
I have opened EU M1 chart yesterday for all day and watching what will happen. It was specific day because of strong trend in one direction. Lets see how it works in range day.
If you dont mind please post charts from last 2-3 days with ideal entry points marked with VERTICAL LINES (it is very important) to let me know exact entry candles.
Best regards
Iwan
  • #763
  • Edited 7:38am Jun 19, 2012 1:23am | Edited 7:38am
Hi HH,

ok, so if price aligns with ultra trend you then sit back and wait until it goes either direction before you take any further entries on pullbacks?


http://img267.imageshack.us/img267/1...01281220am.jpg

And what do you do when the price goes just back and forth like that:


http://img267.imageshack.us/img267/3...01223456pm.jpg



Cheers,
  • #764
  • Jun 19, 2012 10:38am Jun 19, 2012 10:38am
Quoting Frenchie
Hi HH,

ok, so if price aligns with ultra trend you then sit back and wait until it goes either direction before you take any further entries on pullbacks?


http://img267.imageshack.us/img267/1...01281220am.jpg

And what do you do when the price goes just back and forth like that:


http://img267.imageshack.us/img267/3...01223456pm.jpg...
thats when you loose your hard cash money lol
  • #765
  • Jun 19, 2012 1:10pm Jun 19, 2012 1:10pm
Quoting fxpunk2011
thats when you loose your hard cash money lol


Seriously, that is a part of the holy grail, right ? Knowing when to stay away.....

@ HH: how you filter non-trending from trending ? When you stay out, when you enter, using your technique?
  • #766
  • Jun 20, 2012 3:37pm Jun 20, 2012 3:37pm
Quoting Frenchie


Seriously, that is a part of the holy grail, right ? Knowing when to stay away.....

@ HH: how you filter non-trending from trending ? When you stay out, when you enter, using your technique?
Use the next higher or 2 higher timeframes, and only take pullbacks in that direction.
  • #767
  • Jun 20, 2012 3:43pm Jun 20, 2012 3:43pm
Quoting fxpunk2011
thats when you loose your hard cash money lol
Take trades only in the direction of the next higher timeframe
  • #768
  • Jun 20, 2012 4:06pm Jun 20, 2012 4:06pm
Maybe this picture will help. Do y'all understand 1,2,3 trades or A, B, C trades.....this is a prime example of them going in the direction of the 5 min timeframe on the 1 min chart.

Just give it a try sometime on a demo platform.

After a while you will see the trades all the time.
Attached Image (click to enlarge)
Click to Enlarge Name: trading pullbacks.gif Size: 67 KB
  • #769
  • Jun 20, 2012 4:13pm Jun 20, 2012 4:13pm
A new short setp
Attached Image (click to enlarge)
Click to Enlarge Name: 5 min has gone short again.gif Size: 54 KB
  • #770
  • Edited 2:43am Jun 21, 2012 2:12am | Edited 2:43am
http://imageshack.us/photo/my-images...1290705am.jpg/Morning HH,

http://img267.imageshack.us/img267/3...1290705am.jpg]http://img267.imageshack.us/img267/3...01290705am.jpg


1,2,3 would mean you buy the breakout,,,,, (price reached point 3 and you enter when point 2 is taken again)
But I understand you buy the drawback itself at 50% ?

Cheers
  • #771
  • Jun 21, 2012 7:56am Jun 21, 2012 7:56am
Quoting Frenchie
http://imageshack.us/photo/my-images...1290705am.jpg/Morning HH,

http://img267.imageshack.us/img267/3...1290705am.jpg]http://img267.imageshack.us/img267/3...01290705am.jpg


1,2,3 would mean you buy the breakout,,,,, (price reached point 3 and you enter when point 2 is taken again)
But I understand you buy the drawback itself at 50% ?

Cheers
You buy at the 3, for the obvious reason,,,no drawdown, instantly goes into profit Google fx pullback trading and see if you come up with some good info. Buying on the pullbacks means exactly that you buy on the pullback, not on the next high after the pullback. You put your order in at the C with a small stop, or stop above or below the A depending which direction you are trading.

I will post another example


Where you put the "not here" is where you enter.
  • #772
  • Jun 21, 2012 8:10am Jun 21, 2012 8:10am
Here you go Frenchie,

1 of the simplest setups in trading anything, A B C, buy or sell on C with a tight stop. Low risk huge reward entries
Attached Image (click to enlarge)
Click to Enlarge Name: frenchie 1 min trading example..gif Size: 77 KB
  • #773
  • Jun 21, 2012 10:45am Jun 21, 2012 10:45am
HH,

Thanks for the thread. Just came across it yesterday and it looks very interesting. I've read through the first 15 pages or so. Is it best to start from the beginning and move all the way through or is there a better place to start as the thread has no doubt evolved.

Thanks in advance and look forward to participating.
  • #774
  • Jun 21, 2012 7:32pm Jun 21, 2012 7:32pm
Quoting hharrington
Here you go Frenchie,

1 of the simplest setups in trading anything, A B C, buy or sell on C with a tight stop. Low risk huge reward entries
Harrington,

I was just wondering how you were determining the A pivot of the wave, just seems a little different from what I've read.

Either way thanks for the thread.
  • #775
  • Jun 22, 2012 2:14am Jun 22, 2012 2:14am
Hi!

Who can't determine where is the pullback, there is a usefull indicator.
The Gann Hilo (3) indicator (sky blue line on the chart) help to show you good entry levels.
Attached Image (click to enlarge)
Click to Enlarge Name: m1 trend.jpg Size: 140 KB
Attached File(s)
File Type: ex4 ###Gann_HiLo_Activator_v2###.ex4   2 KB | 691 downloads
  • #776
  • Edited 2:34am Jun 22, 2012 2:22am | Edited 2:34am
http://img37.imageshack.us/img37/984...01291711am.jpg

OK entry ? This was first pullback over 38%.




followup:

http://img407.imageshack.us/img407/8...01292926am.jpg

Stopped out. Ultra trend turns blue, price goes over 61,8... -10pipshttp://www.forexfactory.com/%3Ca%20h...01291711am.jpghttp://imageshack.us/photo/my-images...1am.jpg/ttp://
  • #777
  • Jun 22, 2012 2:50am Jun 22, 2012 2:50am
Quoting Frenchie
http://img37.imageshack.us/img37/984...01291711am.jpg

OK entry ? This was first pullback over 38%.




followup:

http://img407.imageshack.us/img407/8...01292926am.jpg

Stopped out. Ultra trend turns blue, price goes over 61,8... -10pipshttp://www.forexfactory.com/%3Ca%20h...01291711am.jpghttp://imageshack.us/photo/my-images...1am.jpg/ttp://...
if I can make a suggestion....
I would not have taken that entry because the HAMA was turning flat there and the two best entries would have been to your left during the frankie session. Especially on 1 min, you want to take those juicy pull backs against the 5 min trend but it has to be a nice steep trend so you know you have a higher chance of success with the overall momentum on your side.
  • #778
  • Jun 22, 2012 3:54am Jun 22, 2012 3:54am
OK, how about this ? Pullback to 50%, entered when up again to 38%

http://img256.imageshack.us/img256/7...12105308am.jpg

Question to HH: When do you put your SL to BE ?
What is the best trailing in your experience ?
When to take profit (target fib or trail after a MA or HA?)
  • #779
  • Jun 22, 2012 4:25am Jun 22, 2012 4:25am
Closed when Price Crossed HAMA - BE trade

http://img9.imageshack.us/img9/1668/6222012112345am.jpg
  • #780
  • Jun 22, 2012 5:45am Jun 22, 2012 5:45am
NExt one:

http://img513.imageshack.us/img513/6...12124356pm.jpg

Please comment if ok


PS: My 7 pips entry SL kicked me out just minutes later.
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