Multiple Time Frame Stochastic trading using 1min charts

Much better thanks,makes it easier to get back from being in the minus.

I like what you said about the pre-FO and getting ready for the initial move with a relative small SL

Like you said bird in hand but Im still looking for entries and working on expanding past the FO and LO by no more than about 2hour.

Will give me just about 4 hours worth of trading for the day which on the 1 min is a huge number of swings.

I know the market isnt linear but I would really like to be able to take about 30 pips a day as a target,right now it averages out to about 20 pips a day over the month,could improve on that. Continuing past the open can have its positive and negatives but continuing to work on it

Market suck in the same type of ranges as yesterday although a bit smaller.Lets see where it goes from here.Ranges will always be area to be aware off.

+ 1 and done for today.

Have a good weekend all

Hi Rooi and all !!

I will trade only evening the NFP.

I see all trade well, is nice to see that, well done all!!

have all a nice weekend, hope see you all on Monday

cheers

Thanks and the same to you too Punsiher

2 shorts today, first out SL -6.9, wasn't a valid entry and at that time should be sitting on my hands , second entry out SL 1.8, valid signal but my SL got me out (entered 11.09; bearish div, Arrow, bear stoch 5/15, LH) Wasn't at my desk to babysit that trade

have a nice weekend all

Not the easiest day. GU was broadcasting a down move but UJ seemed to be doing the opposite so I stuck with GU. The significant moves all around news making safe entries difficult. Patience is the key, again I waited until I was trading away from the three dragons. My entry on this one was spot on but I closed too soon (having correctly identified target) as I am not keen on the mid morning european session. A number of other trades taken for single digit pips so a reasonable result but not at target for today. I was annoyed not to have taken the trade prior to news, too slow.



Long weekend and the promise of decent weather. Enjoy.

Hi Strada

Was looking for your view on the following situation although it was a while back and its only a small portion of the chart (which is better as the outcome of the individual occurrence isn't important but what you think of when faced with it as it happens very often.)

1st trade went well with a not too amazing push up then stalls
You take TP1 at 8 and TP2 on the reversal signal

Then you enter immediately on this chart it looks which is the first thing I wanted to ask,how do you look at a reversal and flip of the position requirements?

A reversal signal and 1 pip improvement will get you to close the trade and then do you look for just a 1pip improvement to flip your position or are you weary of it?What ill make you enter.Here for example you thought that high would stay unbroken and shorted which was right and you had a little drop.The short would have the SL above the high right ?

Then at point number one you get a reversal signal but not the improvement so you don't close.What if there was a one pip improvement,would you exit and think about filliping or wait for the high to be broken and SL tripped.I know you like the "in a hole though process for this". Once the high was gone would you buy?

At point number two something to similar to the what I suggested aboved happen and there is a reversal signal and you flatted out your short but if you wanted to keep on trading would you get long off that big white candle or is the stoploss to big?If it is too big then you would wait with the risk of losing out on the long am I right,is that just how it is, if the SL is to big then no trade?

You have often in the past mentioned you don't mind to step back for a bit if the market become unfavorable.If you had longed the setup at arrow2 and got stopped out would that be time to take a breath and step back or would you look for the short or next signal ?

Thanks for your time and I know that its a while back but was just wondering what your train of thought / thought process will be.






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Then secondly (sorry for all the questions but the next chart is much like the one above but just show a different scenario play out first )

In the below picture buy trade 1 is nice signal and the we have a pull back and you flip around short but would it be on the same bar as you went
out of trade 1?

We then press down and reverse to the top side and it plays out.BUT what if we turned down and got another down signal.Would you flip again and stick with the plan or become very weary or even try and see if you can ride out the range to the topside if you can form a triple bottom?

At my no 1 on the chart there is some improvement but a massive SL right,so no trade even if it went on to be a winner you would just shake it off as SL to big.

What would you have done if at arrow no 2 that I drew we showed improvement of 1 pip into the high.Would you take it or wait for the short side and see if we can for a double top for reversal or wait for a new setup like the short or long or if we start to range at the top would you be happy waiting?

As always thanks for your time and patience.
All the best

Rooi
:nerd:

Hi Rooi and all !!

will show you my NFP news Trade :-)

that's was not a News Trade, I do only trade after News.

I miss the first signal and wait near 2 hours for the next good signal and then I out tooooo early :-(

but anyway that was a nice trade I have bank my goals for 3 days, if this big green candle not come, in my chart I have it as blue because is better to see, then my home run come true.

but I have again a good trade and so a good weekend, hope see you all at Monday

cheers

good morning Rooi and all!!

today London close and Tokyo also today and tomorrow, so I decide to close also for today.

hope see you all tomorrow

cheers

Good Morning all,
Sorry not much posting of late but slowly getting back into G1m. Hopefully I still welcome. Rooi the thread is great. Strada as usual your comments always appreciated.
Islander and others thank you.

I took this demo 22 minutes after Tokyo open today (Bank Holiday Yes) i.e. demo etc. however it shows there is still pips to be had. Mondays for TO seems to produce,
any thoughts comments welcome?

Regards
Anthm

Just after my last post there was more to be had. Re entry with of course G1m signal and break in very recent consolidation support. Followed it down to BRN.
75.8 pips total in the demo account for a Tokyo bank holiday.

See you tomorrow Punisher

Hi Anthm

Glad to see you trading and posting again.

Hope to see more charts and trades if you are able to find the time

All the best

Rooi

T1 = -9
T2 = +2.1 + 5.5
T3 = +0.4

= -1


Should have been a winning day for me but not crying about it,just need to keep on working on my TP1



Did anyone else sneak a trade?

good morning Rooi and all !!

my week start today, hope we all will have a green one :-)

cheers

Morning Punisher and all

Lets see whats a foot

GM

Today i will also do scalping on M1 with live account.

My plan

TP=SL=10 Pips

Happy to see you here

My long term trade is active but this is M1 thread and i have 2 days OFF from work so i will do trading on M1 Chart today or tomorrow