1minute 1 trade | Page 72 | 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

  • #1,421
  • Jul 26, 2012 3:04am Jul 26, 2012 3:04am
Quoting sidefx
..why did you set the SL there? Should have been at last swing low before the signal, at 1.2138-9 ish. Losing trade today.
The chart was wrongly posted the correct one shown above I set the SL there because thats the lowest low between the Euro and London open
  • #1,422
  • Jul 26, 2012 3:06am Jul 26, 2012 3:06am
Quoting sepramfx
The chart was wrongly posted the correct one shown above I set the SL there because thats the lowest low between the Euro and London open
See Paulus' post 1412 above as an example of the correct SL placement....needs to be nearest swing low/high before the signal.
  • #1,423
  • Jul 26, 2012 3:15am Jul 26, 2012 3:15am
Quoting sidefx
See Paulus' post 1412 above as an example of the correct SL placement....needs to be nearest swing low/high before the signal.
Thanks mate I see that. but is everything alright with my entry and TP? OOPS! I have been stopped out wowwwwwww!! Thanks again SideFx
  • #1,424
  • Jul 26, 2012 3:29am Jul 26, 2012 3:29am
Quoting sepramfx
Thanks mate I see that. but is everything alright with my entry and TP? OOPS! I have been stopped out wowwwwwww!! Thanks again SideFx
Entry was fine
  • #1,425
  • Edited 3:36am Jul 26, 2012 3:33am | Edited 3:36am
Quoting sidefx
..why did you set the SL there? Should have been at last swing low before the signal, at 1.2138-9 ish. Losing trade today.
I took it short. It broke the low of the Frankfurt open (plus it had a good H1/H4 bias to back up going short also - based on my other trading methodology).

Short @ 1.21486 (could have been higher but a little slow on the keyboard).
SL: 1.21539 (previous swing high 1.21529)
TP: 1.21327

Risk: 5.3 pips
Reward: 15.9 pips

I didn't risk the recommend 5% ... but stuck to the 1:3 ratio.
Back testing this is giving some great results.... will fit in nicely with my other trading strategy.
Attached Image (click to enlarge)
Click to Enlarge Name: 1m1t_eurusd_short_20120725.jpg Size: 123 KB
  • #1,426
  • Jul 26, 2012 3:43am Jul 26, 2012 3:43am
Quoting 9047
I took it short. It broke the low of the Frankfurt open
Good for you Paulus uses a 2hr period to determine long or short, so today's signal was long.
Attached Image (click to enlarge)
Click to Enlarge Name: EUPaulus260712a.GIF Size: 39 KB
  • #1,427
  • Jul 26, 2012 3:53am Jul 26, 2012 3:53am
Quoting 9047
I took it short. It broke the low of the Frankfurt open (plus it had a good H1/H4 bias to back up going short also - based on my other trading methodology).

Short @ 1.21486 (could have been higher but a little slow on the keyboard).
SL: 1.21539 (previous swing high 1.21529)
TP: 1.21327

Risk: 5.3 pips
Reward: 15.9 pips

I didn't risk the recommend 5% ... but stuck to the 1:3 ratio.
Back testing this is giving some great results.... will fit in nicely with my other trading strategy.
Wow! you guys are rocking with this so what's wrong with me why am I not rocking like u guyz in this thread? I am missing something I guess. But why didn't you take the long signal at london open
  • #1,428
  • Jul 26, 2012 3:55am Jul 26, 2012 3:55am
Quoting sidefx
Good for you Paulus uses a 2hr period to determine long or short, so today's signal was long.
That means I got it right. I thought something was wrong with me. So no more trade today huh?
  • #1,429
  • Jul 26, 2012 3:57am Jul 26, 2012 3:57am
Quoting sepramfx
Wow! you guys are rocking with this so what's wrong with me why am I not rocking like u guyz in this thread? I am missing something I guess. But why didn't you take the long signal at london open
He used Frankfurt Open to London Open for direction which is a 1hr difference, rather than the 2hr difference Paulus uses.
  • #1,430
  • Jul 26, 2012 3:58am Jul 26, 2012 3:58am
Quoting sepramfx
That means I got it right. I thought something was wrong with me. So no more trade today huh?
You got it
  • #1,431
  • Jul 26, 2012 3:58am Jul 26, 2012 3:58am
Quoting 9047
I took it short. It broke the low of the Frankfurt open (plus it had a good H1/H4 bias to back up going short also - based on my other trading methodology).

Short @ 1.21486 (could have been higher but a little slow on the keyboard).
SL: 1.21539 (previous swing high 1.21529)
TP: 1.21327

Risk: 5.3 pips
Reward: 15.9 pips

I didn't risk the recommend 5% ... but stuck to the 1:3 ratio.
Back testing this is giving some great results.... will fit in nicely with my other trading strategy.
my low of FR session was 1.21378 at FRopen, thus low wasnt broken as signal occurs...
I never lose - either I win or I learn...
  • #1,432
  • Jul 26, 2012 4:04am Jul 26, 2012 4:04am
I made a mistake and didn't have to pay ... Lucky
Still back testing of the 1 hours difference is still profitable. Will see what a 2 hour bias does to my (back-testing) results.
  • #1,433
  • Jul 26, 2012 5:06am Jul 26, 2012 5:06am
Quoting sidefx
You got it
Sidefx I'm on your side always thanks alot for the support
  • #1,434
  • Jul 26, 2012 5:21am Jul 26, 2012 5:21am
Hi
I took the trade today and attaching my chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1m 1trade.gif Size: 48 KB
  • #1,435
  • Jul 26, 2012 5:34am Jul 26, 2012 5:34am
Quoting forexzak
Hi
I took the trade today and attaching my chart
..not using Paulus' rules, but hey your variant worked today
  • #1,436
  • Jul 26, 2012 5:47am Jul 26, 2012 5:47am
Quoting sidefx
Good for you Paulus uses a 2hr period to determine long or short, so today's signal was long.
why ur euro open and london open different from mine?
Which is the correct one?

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 34 KB
  • #1,437
  • Jul 26, 2012 5:51am Jul 26, 2012 5:51am
Thanks Sidfx
please tell me what rule i missed, tks
  • #1,438
  • Jul 26, 2012 5:59am Jul 26, 2012 5:59am
Quoting Conorado
why ur euro open and london open different from mine?
Which is the correct one?

Attachment
There are those here using the Frankfurt open - London open for bias, which gives a 1hr difference and the original rules from Paulus use a 2hr difference ie an hour before Frankfurt open - London open.

I suggest you google FX session times to ensure you set your indie correctly and in line with your broker feed.
  • #1,439
  • Jul 26, 2012 6:01am Jul 26, 2012 6:01am
Quoting forexzak
Thanks Sidfx
please tell me what rule i missed, tks
You are using Frankfurt open to London open which is a 1hr difference. You will see form Paulus' posts that he uses a 2hr difference ie an hr before Frankfurt open.
  • #1,440
  • Jul 26, 2012 6:10am Jul 26, 2012 6:10am
Quoting sidefx
You are using Frankfurt open to London open which is a 1hr difference. You will see form Paulus' posts that he uses a 2hr difference ie an hr before Frankfurt open.
Thanks for clarification
0 traders viewing now