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1minute 1 trade

  • #1,061
  • Jun 28, 2012 8:46am Jun 28, 2012 8:46am
Quoting Lana
You do not take just the first trade after London opens?
No, i trade when i sit on my pc and see a trade opportunity.

i trade on real, and i feel me better when i can check it a time frame higher. also i look some times stoch on h1

there 2 trades from today which i have taken.
sure, you can other trades also, but we have not a christalglass and with stoch m5 i can reduce the looser, so, for me it works
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  • #1,062
  • Jun 28, 2012 8:59am Jun 28, 2012 8:59am
Quoting minako
the triple tops themselves were strong conviction. when PA breached it, i suspected positioning. so i hypothetically sold on the next sell signal (first vertical line)
I like your style, this is the best way to make this strategy consistent.
I was wondering what you mean with the sentence "i suspected positioning" why did you take this second position in this area ? and maybe if you can be so kind and post a chart of the first position you took, thanks alot. keep it coming.
consistency wins
  • #1,063
  • Jun 28, 2012 1:31pm Jun 28, 2012 1:31pm
Quoting Fame of me
No, i trade when i sit on my pc and see a trade opportunity.

i trade on real, and i feel me better when i can check it a time frame higher. also i look some times stoch on h1

there 2 trades from today which i have taken.
sure, you can other trades also, but we have not a christalglass and with stoch m5 i can reduce the looser, so, for me it works
Thanks. So basically you only take the trade if Stochastic on a 5 minute chart is over 80 at the time of the signal on M1? What about your TP? Is it according to the original rules?
  • #1,064
  • Jun 28, 2012 2:28pm Jun 28, 2012 2:28pm
Quoting Lana
Thanks. So basically you only take the trade if Stochastic on a 5 minute chart is over 80 at the time of the signal on M1? What about your TP? Is it according to the original rules?
For short over 80 or is going down.

TP is with the rules.
  • #1,065
  • Jun 28, 2012 4:03pm Jun 28, 2012 4:03pm
Quoting Fame of me
For short over 80 or is going down.

TP is with the rules.
Thanks. Looks like a really nice filter! Will test it tomorrow.
  • #1,066
  • Jun 28, 2012 4:49pm Jun 28, 2012 4:49pm
Quoting batemap
Hi Kuma

I've been giving your EA a run and had a short trade opened 22 mins (27 June) after London open @ price of 1.2491 (SL 1.2493 shown in comments). All this looked correct to me, but I'm no expert. However, the price went against the trade and should have been stopped out, but wasn't and is still open.

Cheers

Paul
Hi Paul,

I will be fixing this tonight and I'll post an update when complete.

Thanks.
  • #1,067
  • Jun 28, 2012 5:59pm Jun 28, 2012 5:59pm
Quoting minako
thanks.

and here's my favorite AU double top. PA bounced off from target TP so i closed at ATR level which is 13%+ of the supposed TP.

this strategy of trading forces one to be very selective of trades to take and be very patient. i understand now the meaning "not because you are a trader you have to trade all the time." and i thought that exposing 5% and aiming 15%, with such a tight stoploss was impossible and unsustainable! i have never seen such growth in account balance at such a mesmerizing pace.

perhaps, 100 more trades..... thanks...
Hi Minako

I like your interpretation of how to trade this method.

I think you are absolutely right about waiting for a quality entry either double tops, 200sma or 25 levels are all good places to enter.

This strategy is succesful because of the 3:1 RR and 1 trade per day. I too am not so keen on obeying strict rules of entry and in fact to be honest I think Paulus too sees them more as guidelines than hard and fast rules.

The whole basis of this strategy is to choose a direction to trade, on whatever method siuts you then look for the best entry in that direction. If down look for some quality resistance to sell under and if buying look for solid support to buy off of.

Once in the trade hold for a 3:1 return. Simple as that. Paulus has given us a first class entry method with his stoch and macd but also I might say only take these turns off of solid support or resistance.

Another thing I like is to wait until the macd gives a deeper signal so ignore the smaller turns.

Anyway I'm sure my post will cause upset amongst many of Paulus's disciples who like to have firm rules to follow. So let me apologise right upfront and say sorry but hey, why not keep an open mind and just trade the strategy as you see it and let other s trade it their way, after all its their money.

But if this post upsets Paulus then I will quietly leave and as suggested by JPR go and start my own thread looking to work with like minded individuals who want to trade this strategy as best as they can.

Lets hope we have a better day tomorrow.
Feel the Fear and do it anyway!!!
  • #1,068
  • Jun 29, 2012 12:16am Jun 29, 2012 12:16am
Quoting clivepackham
Hi Minako

I like your interpretation of how to trade this method.

I think you are absolutely right about waiting for a quality entry either double tops, 200sma or 25 levels are all good places to enter.

This strategy is succesful because of the 3:1 RR and 1 trade per day. I too am not so keen on obeying strict rules of entry and in fact to be honest I think Paulus too sees them more as guidelines than hard and fast rules.

The whole basis of this strategy is to choose a direction to trade, on whatever method siuts you then look...
Yes but you have to get up in the morning to trade it mate!
  • #1,069
  • Jun 29, 2012 12:56am Jun 29, 2012 12:56am
Quoting clivepackham
Hi Minako

I like your interpretation of how to trade this method.

No worries

Its called evolution.. if its good it survives if its flawed it doesnt

P
  • #1,070
  • Jun 29, 2012 12:58am Jun 29, 2012 12:58am
Quoting Lana
Thanks. So basically you only take the trade if Stochastic on a 5 minute chart is over 80 at the time of the signal on M1? What about your TP? Is it according to the original rules?

Ive looked at this some months aga and alot of signal I had taken in the past would of been ruled out ..

All i did was to take the stoch we use 5,3,3 amd multyply by 5 ( 25,15,15 ) so that both the stochs were on the 1 min page

P
  • #1,071
  • Jun 29, 2012 12:59am Jun 29, 2012 12:59am
a loss yesterday abeit a great drop in price but unfortunately no macd to trigger us in

P
  • #1,072
  • Jun 29, 2012 1:21am Jun 29, 2012 1:21am
Quoting Paulus

All i did was to take the stoch we use 5,3,3 amd multyply by 5 ( 25,15,15 ) so that both the stochs were on the 1 min page

P
nice, thanks for the info
  • #1,073
  • Jun 29, 2012 1:26am Jun 29, 2012 1:26am
Quoting clivepackham
Hi Minako

I like your interpretation of how to trade this method.

I think you are absolutely right about waiting for a quality entry either double tops, 200sma or 25 levels are all good places to enter.

This strategy is succesful because of the 3:1 RR and 1 trade per day. I too am not so keen on obeying strict rules of entry and in fact to be honest I think Paulus too sees them more as guidelines than hard and fast rules.

The whole basis of this strategy is to choose a direction to trade, on whatever method siuts you then...
Thanks for this post I really appreciate it. I'm not against using the entry signal (MACD and STOCH) around areas of S/R. I think its as good as any other entry signal out there (MA Cross etc).

It's just that this thread is for a particular strategy which is very mechanical and (at the moment) the results are very good without changing anything.

I think it is great idea to work with like minded individuals on other ways to trade this, however it wouldn't be this method, it would be another method, albeit using the entry signal from this method.

I myself am exploring taking the first signal either way (no bias) first thing after Frankfurt open, and then again first thing after London open. I decided to test this after Strada's excellent set of test a few pages back.

However I'm doing this myself and not posting on this thread those results because at the moment the results from the original method are more than good enough to make a lot of money.

I hope this makes sense and sorry if I came across as moody to anyone, it's just that I've seen so many threads just plummet into garbage and I really was hoping this one would stay pure to the original, simple method.

Anyway thanks for input everyone.

JPR
  • #1,074
  • Jun 29, 2012 1:31am Jun 29, 2012 1:31am
totally agree JPR

G
  • #1,075
  • Jun 29, 2012 2:08am Jun 29, 2012 2:08am
Morning!!, waiting for a signal, Bias is UP if I'm correct (EUR/USD)
  • #1,076
  • Jun 29, 2012 2:09am Jun 29, 2012 2:09am
Quoting Peepo
Bias is UP if I'm correct (EUR/USD)
you're right
  • #1,077
  • Jun 29, 2012 2:10am Jun 29, 2012 2:10am
Quoting Jpr
Thanks for this post I really appreciate it. I'm not against using the entry signal (MACD and STOCH) around areas of S/R. I think its as good as any other entry signal out there (MA Cross etc).

It's just that this thread is for a particular strategy which is very mechanical and (at the moment) the results are very good without changing anything.

I think it is great idea to work with like minded individuals on other ways to trade this, however it wouldn't be this method, it would be another method, albeit using the entry signal from this method.

I...
As long as the founder of the thread isnt complaining we should all stay cool, and dont act like thread sherrifs. This thread has place for every one, and every thought that could make this strategy better or suitable for more persons.
I for myself dont believe in a holy grail system where you just wait in the morning for a signal to take - without thinking and analyzing a little bit into it. Minako is not hurting anybody or spamming this thread. We should be much more concerned about the noobs that still after 70 sites come in and ask which 2 hours we are looking for to make a bias, this is what really is annoying.
consistency wins
  • #1,078
  • Jun 29, 2012 2:16am Jun 29, 2012 2:16am
The entrance was. +21 PIP. The market of such a hurry that made the signal before - 1 min., the London open!
  • #1,079
  • Jun 29, 2012 2:25am Jun 29, 2012 2:25am
long 1.25876 SL 1.25676 TP 1.26476
I never lose - either I win or I learn...
  • #1,080
  • Jun 29, 2012 2:25am Jun 29, 2012 2:25am
Buy 1.2588 SL 1.2564 TP 1.2660
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