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1minute 1 trade

  • #1,081
  • Jun 29, 2012 2:27am Jun 29, 2012 2:27am
Quoting jdva
long 1.25876 SL 1.25676 TP 1.26476
just above EMA200...
I never lose - either I win or I learn...
  • #1,082
  • Jun 29, 2012 2:28am Jun 29, 2012 2:28am
buy 1.2588 @ 721 GMT SL 1.2573 (-5%) TP 1.2633 (+15%)
.
  • #1,083
  • Jun 29, 2012 2:42am Jun 29, 2012 2:42am
Quoting tol
The entrance was. +21 PIP. The market of such a hurry that made the signal before - 1 min., the London open!

My trading today.
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  • #1,084
  • Jun 29, 2012 2:52am Jun 29, 2012 2:52am
Quoting jdva
long 1.25876 SL 1.25676 TP 1.26476
stopped out...
I never lose - either I win or I learn...
  • #1,085
  • Jun 29, 2012 3:01am Jun 29, 2012 3:01am
SL reached (running total +48% @ 31 sessions)
.
  • #1,086
  • Jun 29, 2012 3:12am Jun 29, 2012 3:12am
Prior to London open we already had a 200 pips range
Why would you trade today at all?
  • #1,087
  • Jun 29, 2012 3:24am Jun 29, 2012 3:24am
Quoting iwjw
Prior to London open we already had a 200 pips range
Why would you trade today at all?

are you mad ?? people with 10 vouches..know what they are douing

ofcourse its stupid..to trade this mess... smart traders wait until the EU summit ends......its politicians we are dealing with right now....
StopLoss is for none belivers... Trust the Gurus..
  • #1,088
  • Jun 29, 2012 3:24am Jun 29, 2012 3:24am
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...
Hi JPR

Thanks agree with you and Paulus's reply100%

Lets all work together to make it even better. If thats possible!!
Feel the Fear and do it anyway!!!
  • #1,089
  • Jun 29, 2012 3:25am Jun 29, 2012 3:25am
Quoting PeterE
buy 1.2588 @ 721 GMT SL 1.2573 (-5%) TP 1.2633 (+15%)
.
I had the same trade executed by the EA written by Kuma and it was also a loss. The good news is that the EA seems to work really good on EUR USD - M1.
  • #1,090
  • Jun 29, 2012 3:26am Jun 29, 2012 3:26am
iwjw

i am trading Paulus' strategy, so i dont care

also, this is not my trading strategy, see signature link

Quoting iwjw
Prior to London open we already had a 200 pips range
Why would you trade today at all?
  • #1,091
  • Jun 29, 2012 3:28am Jun 29, 2012 3:28am
Quoting Paulus
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
Many thanks for the information, Paulus.
  • #1,092
  • Jun 29, 2012 4:08am Jun 29, 2012 4:08am
Quoting PeterE
iwjw

i am trading Paulus' strategy, so i dont care

also, this is not my trading strategy, see signature link
I'm at the stage now that a pure mechanical approach doesn't work (for me) in the long run. I've coded my own EA and I'm running into series of 10+ losses
Now I'm looking for some kind of filter like where to better stay out
I'm afraid that without any discretion the method will not be profitable in the long run and that it can't be automated
  • #1,093
  • Jun 29, 2012 4:16am Jun 29, 2012 4:16am
So, my first trade for today
I am short

EDIT: and done.

Now lunchtime
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  • #1,094
  • Jun 29, 2012 4:19am Jun 29, 2012 4:19am
you could be right, and i'm really not bothered about the direction this system goes, i'm just having fun with it, not taking it seriously

talk to hayseed about profitable automated systems

Quoting iwjw
I'm at the stage now that a pure mechanical approach doesn't work (for me) in the long run. I've coded my own EA and I'm running into series of 10+ losses
Now I'm looking for some kind of filter like where to better stay out
I'm afraid that without any discretion the method will not be profitable in the long run and that it can't be automated
  • #1,095
  • Jun 29, 2012 4:39am Jun 29, 2012 4:39am
i meant no offense. and to paulus and everyone who are indulging me arigato gozaimasu. and just to emphasize, there's nothing arbitrary about PA. double/triple tops/bottoms, bounce off from whole numbers/ resistance/ support prices.... highly mechanical. having the right indis to support your entries (such as paulus') then it makes it a powerful combination



PA has already moved more than 70 pips in AU. paulus' system said "short" on a bull market (dang!)

a sell signal bounce off of R2, perfect short!

knowing that it will be a counter trend trade, i trailed SL to +17, like any sane trader would do fighting a market trend.

+8.1%, 9.5/14.5, 5 losses, 9.5 wins.

by monday a new capital will be purely just made from profits. thanks again paulus, for introducing the system and the MM logic.
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Challenger
  • #1,096
  • Jun 29, 2012 4:47am Jun 29, 2012 4:47am
I have been watching this thread for sometime now. Yet I have noticed that many people are having problems with 1m chart. I for one use high leverage and high equity to place my trades. Due to the fact of my high leverage. My stop loss is that of 4.5 points of my entry. To me I think using bbands formations and fib extensions really help a lot.
  • #1,097
  • Jun 29, 2012 7:05am Jun 29, 2012 7:05am
Can't wait till you guys get a string of winners.. oh god this is going to be like a tennis match of back and forths "We should fix this.. No we shouldn't.. Now we should..."My neck hurts

jt
"Even if you fall down face first, you still went forward."
  • #1,098
  • Jun 29, 2012 8:16am Jun 29, 2012 8:16am
Quoting juicyt
Can't wait till you guys get a string of winners.. oh god this is going to be like a tennis match of back and forths "We should fix this.. No we shouldn't.. Now we should..."My neck hurts

jt
I agree. Everyone wants 1 100% winner. Honestly to many indicators creates trading bias. Which is why a lot of 1m trader lose funds. If your enter a position, and go 5 points in red before 5 points in green. Your chances of closing at 10 points profit before 15 points in red is less then 5%. If we focus on a 5 point stop loss. Trust me 1m will be much different. Anyone can create a graph saying I entered here. Yet only the trade really proves it.
Please look at my entry on the short. Along with when I took profit. That to me is a perfect entry.
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  • #1,099
  • Jun 29, 2012 8:34am Jun 29, 2012 8:34am
Quoting Forex_people
I have been watching this thread for sometime now. Yet I have noticed that many people are having problems with 1m chart. I for one use high leverage and high equity to place my trades. Due to the fact of my high leverage. My stop loss is that of 4.5 points of my entry. To me I think using bbands formations and fib extensions really help a lot.
Hi Forex_people

I'm always interested in the trading techniques of successful 1 minute traders as I love the tight stops and the need for only a 20 to 30 pip move to return 3:1 plus winners.

For instance if you are regularly using 4.5 pips as your stop, then a 20 pip move will give you a 4:1 return which means you can have 4 losers and 1 winner and break even for the week. Nice odds!! Also if using 5% risk, thats 20% growth per trade.

Or even better with just 2 winners a week thats still 25% growth per week which would double your account every month. As Paulus is aptly demonstrating here.

So for me this is the reason this strategy is working so well, the tighter the stops the smaller the TP target, so obviously its easier to hit 20 pip winners than 200 pip winners.

I know, I know, its all been said before, but heres my piont, if we can perfect a tight stop entry method then thats half the battle so I am very intereted in your entry method. Can you elaborate more?

Are you acheiving a 2 out of 5 hit rate?

Are you using 4.5 pips as a fixed stop?

Could you demonstrate with a chart how you are using Bbands and fib ratios to acheive such tight stops?

Many thanks Clive.
Feel the Fear and do it anyway!!!
  • #1,100
  • Jun 29, 2012 8:37am Jun 29, 2012 8:37am
Quoting Forex_people
I agree. Everyone wants 1 100% winner. Honestly to many indicators creates trading bias. Which is why a lot of 1m trader lose funds. If your enter a position, and go 5 points in red before 5 points in green. Your chances of closing at 10 points profit before 15 points in red is less then 5%. If we focus on a 5 point stop loss. Trust me 1m will be much different. Anyone can create a graph saying I entered here. Yet only the trade really proves it.
Please look at my entry on the short. Along with when I took profit. That to me is a perfect entry....
Think our posts crossed over there

Could you explain your entry system in more detail?

Cheers.
Feel the Fear and do it anyway!!!
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