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Freebie 1 min trading method

  • #881
  • Jul 26, 2012 9:55am Jul 26, 2012 9:55am
My comments are included in blue and bold

Quoting LexKim
Hello Turtle Man,

I really am getting the short side of the stick with this forum. "Sorry for that"

If you were upset or took offence at my contribution please allow me to apologize first. "Not upset or taking offense"

I was only expressing what I have experienced in my trading career which I think could be food for thoughts for the followers of this method.

What I mentioned before may mean something or it may not. But we are here to discuss are we not? Btw, What you wrote had meaning but seemed to disregard HH's basic premise that...
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  • #882
  • Jul 26, 2012 11:04am Jul 26, 2012 11:04am
After being shook out by commentary ( never again ) I shorted this this all the way to the top. While I maintain my money management discipline (3% possible loss) I still have 7 trades open for 2 lots
My booked gains today are $283.00 and unbooked losses are $800.00 so remain within my loss position.
Trade the time frames and be heck with the news....
Attached Image (click to enlarge)
Click to Enlarge Name: hh freebie trade 7.26.201 london opening 1156 am chart one of many loss 800 turn down continues.jpg Size: 214 KB
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  • #883
  • Jul 27, 2012 8:10am Jul 27, 2012 8:10am
25 pips in a live account..... The issue is not the amount of money. If you are trading for money I hear you never get very good. But if you are trading to solve the "RUBIX Cube" or solve a complex puzzle or some higher value it becomes possible

Thanks Harrington
Attached Image (click to enlarge)
Click to Enlarge Name: hh freebie trade 7.26.2012 example of trading a one ball retracement.jpg Size: 229 KB
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  • #884
  • Jul 27, 2012 8:31am Jul 27, 2012 8:31am
This one minute sytem suits my personality well.

  1. I always begin my day asking for only what I need
  2. Giving thanks for all that I already have Thanks HH
  3. If there is more given I will share with others

Now I cashed out all of my demo accounts based on my trading rules that say 1% per trade or first sign of redbut for all those who say the minute charts are too hard to trade her is a 40 pip trade in about 5 minutes
Please examine my demo accounts

The issues for me

  1. Better understanding the MACD convergence divergence.
  2. I am unwilling to go in the opposite direction but HH says that should be latter in your learning process.
  3. Patience

Thanks to TOM SPIN Halkins and all the others who are walking with me as I leasrn to do this

Attached Image (click to enlarge)
Click to Enlarge Name: hh freebie trade 7.27.2012 example of trading a one ball retracement.jpg Size: 212 KB
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  • #885
  • Edited 12:40pm Jul 27, 2012 12:38pm | Edited 12:40pm
I did not trade as I was paying some bills this but it was there.......

30 pips.
Look at the retracement from the three on top
Trade the last three ball on bottom wait 5 pips
MACD
Stoch points up and the 15 says yes
Attached Image (click to enlarge)
Click to Enlarge Name: hh freebie trade 7.27.2012 1.23 pm est another one minute trade.jpg Size: 214 KB
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  • #886
  • Jul 27, 2012 3:55pm Jul 27, 2012 3:55pm
Quoting LexKim
Hello all

First of all this is not a negative post.

The only saving grace of this method is that the stop loss is based on the 1min tf and the profit level is targeted on the higher timeframe.

However, it will take far more discipline and concentration for most to bear. Did I mention the utter boredom of constantly taking trades?

Taking (waiting) trades on 1min tf for profit level to be taken on 15min or 1hr is the same principal as taking trades on 4hr tf and taking profit levels on daily or weekly.

I have literally rubbed shoulders...
none taken Lex, and I applaud your trading method. I started trading the daily timeframe, and probably every new trader should start somewhere up there.

Its the same no matter where you trade, 1 min or monthly. You can build a position on the 1 minute and stay with the trade for days or weeks. It just depends on how long you wish to hold a trade.

I frequently enter several positions on the 1 min chart in the direction of the 4 hour charts and leave them on until they hit tp levels.

This thread was started to show people how easy it is to spot trends using a few simple indicators and finding which side of the market to trade on. I never implied that trading is easy, but I must say its simple once you become a trader.

Within your circle of investors do you offer your trading methods for free?
  • #887
  • Jul 31, 2012 3:34am Jul 31, 2012 3:34am
The trade presents itself with a real possibliity to have some downward legs. The last 15 minute cnadle shows real disagreement with buyser and sellers so be nimble is my advice. Looks like support is evident at 1.2250 but if it breaks through 1.2220 is doable.
Just follwo the 3 Ball The second one from the 100 fibo is in control of my trade one above is in control of this trade
Attached Image (click to enlarge)
Click to Enlarge Name: 7.31.2012 402am nyc time short 1.2274 sl 1.2312 target 1.2225.jpg Size: 197 KB
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  • #888
  • Jul 31, 2012 6:01am Jul 31, 2012 6:01am
hi turtle man,

doesnt look like you actually use harrington's method fully. why and what are the improvements you think you have made and with what indicators and what settings?

thanks
d
  • #889
  • Edited Aug 1, 2012 4:13am Jul 31, 2012 7:00am | Edited Aug 1, 2012 4:13am
Actually I think I am however I am new to MT4 and can't get some of the EA files to compile but I am reading and learning
but if I read his system correctly


all I need are

  1. the ZZ semafor which is installed
  2. HA which is installed
  3. and Stochastics
  4. 4 Ability to count 5 below or five below and willingness to allow stops based on percieved daily bias

I do calculate supply demand zones based on Seiden so if I see one I can be aware

There is a fresh zone at 1.2286 to 1.2276 but there are also a significant number of bulls so this level is a bit tricky but I am convinced that only with time and actual babtism under fire does one im prove.

Now I have a three ball at 1.22but the 15 minute ha is read wrong direction so I wait Just got a 2 and a 1 on top but the top 3 is a long distacne away so I wait . I am fascinated with some of he long runs I have made with the 1 minute system
Just went short at 1.22754 with 4 pips against me SL is 20 pips as I have negative bias

5:11 8/01/2012 NYC time Results of Trade # 2 The results are less than exciting and are shown in my explorers. Took small losses in each account.

Attached Image (click to enlarge)
Click to Enlarge Name: 7.31.2012 754am nyc time short 1.22754 sl 1.2312 target 1.2225.jpg Size: 202 KB
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  • #890
  • Aug 1, 2012 3:19am Aug 1, 2012 3:19am
Quoting LexKim
Hello Turtle Man,

I really am getting the short side of the stick with this forum.

If you were upset or took offence at my contribution please allow me to apologize first.

I was only expressing what I have experienced in my trading career which I think could be food for thoughts for the followers of this method. What I mentioned before may mean something or it may not. But we are here to discuss are we not? Btw, I have read the first post and many subsequent pages before I started typing my first post.

I'm glad whatever you found here...
Hello Lex
i have just read your reply and it appears that you are a professional.
i looked in your mailings and you dont seem to have been welcomed very openly

why not open your own thread and show us how you do it.
that is probably the best way to encourage discussions and mutual respect.
i also looked at your current trades and they look good.

I will keep my eyes peeled for your thread.

Happy trading.
  • #891
  • Aug 3, 2012 2:21am Aug 3, 2012 2:21am
Ho Lex can share his method....later all copy him and earn lot.....
  • #892
  • Aug 5, 2012 8:52pm Aug 5, 2012 8:52pm
Anyone still using 1M traing system?
  • #893
  • Aug 12, 2012 6:13pm Aug 12, 2012 6:13pm
Yes I am using 1 Min trading now. Do you have any problem.
  • #894
  • Aug 13, 2012 2:23pm Aug 13, 2012 2:23pm
First of all thanks HH for your hard works. You are share great system. I read this threat more than 5 times and practice your system in demo account. Really enjoying with this system.
Thanks
  • #895
  • Aug 13, 2012 3:38pm Aug 13, 2012 3:38pm
Quoting hharrington
@ indrek, I don't ignore any time frame, the 30 min tf is a very good choice, just adjust your mtf indicators accordingly. I trade the 1hr and 4 hr also.

This method works very well on any time frame. Find your self a really good trend line EA to enter trades with, draw a line along the bottom or top of HA candles, let the EA enter the trade for you. Once the trade has developed
Draw another trend line along HA candles and let it exit for you. Hint: google magic stick

I use this method frequently on higher time frames from the 15 up
Hello HH
Can you please explain how set EA. I have LineTrader EA same as Magic Stick but I don't know how to use with your system. Please explain. I attached LineTrader EA here.
Attached File(s)
File Type: ex4 LineTrader.ex4   6 KB | 695 downloads
  • #896
  • Aug 15, 2012 6:29am Aug 15, 2012 6:29am
Hello
HH
I am using your system in 4 digit broker but I got 2 times 3 ball in one side. Is this is happen or my setting is wrong. Please explain.
Attached Image (click to enlarge)
Click to Enlarge Name: xz.JPG Size: 124 KB
  • #897
  • Aug 15, 2012 10:41am Aug 15, 2012 10:41am
Hi
You can use this indicator to understand trend and its really good for scalping.
Attached File(s)
File Type: ex4 DiDi_Index.ex4   3 KB | 905 downloads
  • #898
  • Aug 16, 2012 12:02am Aug 16, 2012 12:02am
This strategy uses MTF inidcators, HA and MACD. When looking at historical data, it looks great when you look at a five minute MTG chart on a 1M chart. Beware, you just can't use the MTF indicator data with no awareness of what bars can actually be used. As an example on a 1M chart with a 5M MTF, you should identify the 1 min bar you are interested in. Then you have to go back 5 bars on the MTF indi to get the actual valid MTF data bar. Why?? You have to take into account that the 5M bar has to complete before you can use the data. In real time, this problem solves itself, since the most recent MTF bars will be the bar value as it develops - typically not really useful until it completes its formation.

Just so ya know - realtime will not be the same as historical when using MTF. I have my own method of generating MTF so that I can use them in backtesting.

KingHigh
  • #899
  • Aug 16, 2012 12:44am Aug 16, 2012 12:44am
Hello
I use this system but little bit confuse some time in my brokers MT4 I saw 2 or more time 3 ball under or upper side. Any way I got good result with this.
Attached Image (click to enlarge)
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  • #900
  • Aug 16, 2012 1:39am Aug 16, 2012 1:39am
Quoting uttkal
Hello
I use this system but little bit confuse some time in my brokers MT4 I saw 2 or more time 3 ball under or upper side. Any way I got good result with this.
Hi, so you enter on 3-balls? That is risky. The reason you see several 3-balls is basically because they "repaint". The 3 ball shows e.g. a low..... price moves up a bit,,,, then down, creating a lower low, then 3-ball will be there again.

Cheers,
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