An M1 Trader Learning To Love The H1

First of all Hi

This journal is a way of forcing myself to look at H1 and inviting others to do so with me...

I am a M1 trader... I trade on the M1 chart, and use M5, m15 and H1 for reference only... (buy/sell zones).

I will maybe setup a demo account to trade the H1... I do not want to trade a real account with these trades/charts because I honestly think it will affect my discipline trading with real money. Seeing a trade go from +10 to BE... will annoy me, when I trade the same trade on M1 and trade out at +10. If you get my drift.

I ask that if you are going to post... either post some relevant charts, or some observations... No chat (I do not have time for it... maybe on weekends but then I am normally away from my Computer)

So first trade I found that looks like it could develop... small SL... just above previous high... dislike the trade because of general AUD weakness today... and we have ECB news so that could fail it... but its a trade all the same...



Ignore my MM atm... I do not know what trade size is what in Oanda... So it may take a few trades to get it right...

I won't be taking MM seriously atm in this trade journal as it is automatic to me normally on M1.
Will be concentrating on pip count mostly...

Another Simple trade... UJ has been bouncing off 79.50 for ages now... and going 80ish... so easy trade... small sl.. we shall see...

Another simple little trade....

Definitively over-trading a little ATM... but need to get some positions going...

Another again

Usd/Chf

Forgot to put stops on the EU, UChf trades !!!! ( will leave them till end of hour now... put a 20pip emergency stop on both)

Looking at UC for a long... but will hold off for a bit... because news soon and we are nearing top of a longish run..

Also H4 (bars just finished) looks boring... a few continuation trades possible but I haven't been in from higher/lower so No!

Just a quick round up. (My trading day is finished)

Eur/Aud Missed Tp by 2.5pips and reversed upwards 20pips (:/)
Usd/Chf missed Tp by 2.4pips and reversed downwards 19pips
EU missed Tp by 10pips ( went 15+ then -10)

UJ is at initial TP but I have removed TP as I like the move ()

So either my TP's were just poorly placed at S/R not slightly above/below... or I need to monitor on a lower TF to close out...

I have left all the trades open with all SL as before... so we shall see...

So closed out all trades save the UJ trade which still valid.

Small profit... need to decide on TP vrs lower TF manual closing...

Like a EurGbp long here and a Short GBPCHF. Both have 10-20 pips in them for a good R/R. But will wait till London open!

So UJ got stopped. Which was seriously bad trade management from me.. should have left TP and looked for a reentry..

UJ looks great at this level. R/R wise... easy 50 pips for Sl of 5pips. But without clear candlestick won't enter.

EG long.. bounced off this level quite a bit without Lower Low so good RR

So few more trades based on close of the hourly...

Sold GU
Long UsdCad
Long UsdChf

All based on hourly pinbars... Will hold these for a bit... 20pip sl on all...