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Trading 1 minute or less time frame realistic?

  • #1
  • First Post: May 12, 2014 9:30pm May 12, 2014 9:30pm
Is trading one minute time frame realistic in the sense that is it too chaotic or so chaotic that there are no tradable positions? So far, just demo-ing and playing around with the one minute time frame and various tick time frames to get a feel.
  • #2
  • May 13, 2014 1:34am May 13, 2014 1:34am
Trading the 1M timeframe is difficult mainly due to the spread which you can get.

Started trading with Octafx which has the closest spread I've seen
  • #3
  • May 13, 2014 2:58am May 13, 2014 2:58am
Quoting jhehe
Is trading one minute time frame realistic
It is IF your a HFT with access to 100's of millions or billions of client funds and live right next door to an Exchange
It's me...
  • #4
  • May 13, 2014 3:53am May 13, 2014 3:53am
it's alright for :
Quote
So far, just demo-ing and playing around with the one minute time frame and various tick time frames to get a feel
Forget about 1M when you start trading.
  • #5
  • May 13, 2014 12:52pm May 13, 2014 12:52pm
Only when trading news
The problem with low time frames, is when you create a strategy and decide to back test the amount of data diminishes in correlation with the time frame, so H1 you can go as far back as 1999, daily early 90s, but m5 and m1 youd be lucky to get 2-5 years
Trading news go with oanda 5 seconds as a demo and then trade on mt4 or mt5
  • #6
  • May 13, 2014 1:05pm May 13, 2014 1:05pm
If by realistic you mean can you expect to make profits over the long run? Yes.
Also, timeframes are just a summary of information. You're not really trading a timeframe as much as you are entering at a specific time and exiting at a specific time. The 1 minute bar/candle summarizes all the events that took place in the minute in question. Same thing for a 1 hour bar or 1 week bar. The most important thing to understand is that if you know exactly what you are looking for then timeframe doesn't matter. I use Oanda as a brokerage on one of my accounts and often times i will drill down to the 5 second chart for entry based off of a 1hr/5min signal. Do your research, don't give up, and eventually you will undestand how unneseccary it is to ask such a question.
  • #7
  • May 13, 2014 1:28pm May 13, 2014 1:28pm
Yes. Main requirement is good discipline. Smaller stop loss, very solid entry and exit rules, usually exiting at a pre-determined level. Hard work though, requiring many hours in front of the computer. Main advantage is that you can get into trades early, requiring minimum risk. It is not for everyone, but it suits me.
  • #8
  • May 13, 2014 8:02pm May 13, 2014 8:02pm
Quoting cat
Yes. Main requirement is good discipline. Smaller stop loss, very solid entry and exit rules, usually exiting at a pre-determined level. Hard work though, requiring many hours in front of the computer. Main advantage is that you can get into trades early, requiring minimum risk. It is not for everyone, but it suits me.
I hope you're right, but much harder to demonstrate the good discipline on a demo account. Constantly have that "I'll just let this run on for a bit more" thought. Guess that's what happens when real money is not at stake.
  • #9
  • May 13, 2014 11:14pm May 13, 2014 11:14pm
The timeframe does not matter, only your entry and exit do.
  • #10
  • May 14, 2014 12:06am May 14, 2014 12:06am
people even trade tick chart , all you need to know that what you are doing
  • #11
  • May 14, 2014 1:04am May 14, 2014 1:04am
Hi, Im new here so I don't really know if you should even trust my opinion. Anyways from what I've gathered, it really depends on your system. I've read some posts from people whom I think are really experienced and they usually talk about their preferred time frames rather than comment about how bad they think other timeframes are. So I think it really depends on you. I'm pretty sure people find success depending on how well they are able to follow a good system that suits their style on a certain timeframe.

I would suggest that you try a system over a period of time for the 1min chart. Of course there's probably no such thing as a perfect system but there's still a good system which you need to follow with discipline. Then you'd need to know the amount of risk and rewards your system is offering you, that is if you've been able to follow your system strictly.

This is of course just my opinion. I'm kinda new to the Forex trade but I do read and try to remember the advice of the experienced ones. Hope this helps!
  • #12
  • Edited 1:37am May 14, 2014 1:10am | Edited 1:37am
it's the emotions that kills. Everything you might experience on a higher time frame you might experience on a lower time frame times 10. Just imagine feeling happy and sad, happy and sad 10 times a day. Emotions that you might feel once a day, on other time frames you feel faster on 1 minute time frames. And worst of all feeling compounds, bad feeling after bad feeling can make you feel worst than the two of them on two separate instances. The honest truth is, if you're asking this question you might not be ready for down there yet.
Being a trader is lonely, but being a great trader is lonelier still
  • #13
  • May 14, 2014 1:35am May 14, 2014 1:35am
Quoting XharpScalper
people even trade tick chart , all you need to know that what you are doing
I set up my trades in the hourly time frame, including setting take profits.
But when I am at screen, and a trade goes into profit, I go to the tick screen, watch it go up until it falters, close it, and ,frequently if conditions favorable, re-open, and continue in the tick screen, until I see from that that the trade is no longer "hot". Then I switch back to hourly and wait for another trade to come into profit.

On slow days, more than half my profit comes from this. There is good money in it, if you practice good money management. Watch your margin percentage.

You can get a real feel for this, and other time frames if you enhance your trading experience this way.
  • #14
  • May 14, 2014 1:42am May 14, 2014 1:42am
Quoting jhehe
{quote} I hope you're right, but much harder to demonstrate the good discipline on a demo account. Constantly have that "I'll just let this run on for a bit more" thought. Guess that's what happens when real money is not at stake.
Demo account is fine whilst you are building your strategy, but it will only take you so far coz as you say, strict discipline is pretty difficult when you have nothing at stake, but without it on a real account you are doomed because you'll leave yourself open to all the classic mistakes such as moving your stop loss ( the worst of them all!), closing a position too early/ late. Good traders rarely suffer these anxieties because they have hard and fast rules they stick to no matter what day in day out, especially scalpers. It is the only way to trade the small time frames you ask about, unless of course, you are clearly in a trending pair in which, with a nice early entry, you can let run. In such a situation, I will try pick off short trades whilst leaving the long ones open, then you have the best of both worlds.
  • #15
  • May 14, 2014 2:42am May 14, 2014 2:42am
I think it is very hard to enter the trade by hand on the M1 or tick chart, whatever your discipline is. The price is mostly gone when you get into the trade.
I trade mostly using robots, so I am usually trying to find out the optimal chart type for scalping robots. The main parameter is cost of the trade - and it is really high on short timeframes, so the system has to use optimal timeframe according the entry cost and the target expectation. I use a table like below for finding the best fitting chart type for every instrument:

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  • #16
  • May 14, 2014 3:09am May 14, 2014 3:09am
I agree with many of the posters hare in that smaller timeframes are the way to go.
  • #17
  • May 14, 2014 11:37am May 14, 2014 11:37am
Quoting Rap Skallion
{quote} I set up my trades in the hourly time frame, including setting take profits. But when I am at screen, and a trade goes into profit, I go to the tick screen, watch it go up until it falters, close it, and ,frequently if conditions favorable, re-open, and continue in the tick screen, until I see from that that the trade is no longer "hot". Then I switch back to hourly and wait for another trade to come into profit. On slow days, more than half my profit comes from this. There is good money in it, if you practice good money management. Watch...

That's good to know. I will definitely note the free margin. There's no tick frames for me so 1 min is smallest i go. Well, glad to see that there is at least someone out there trading such a short TF.
  • #18
  • May 14, 2014 10:56pm May 14, 2014 10:56pm
Quoting Sammowammo
I agree with many of the posters hare in that smaller timeframes are the way to go.

Lol... more like many people here hate small time frame..


As for gnomewizard , if you want to speed up your forex knowledge you need to have some sort of statistic skill like "excel math formula" or "mql4 coding skill (it's actually easy if you take c++ class..) If you want to take it slow that's ok too but you'll hit at the point where some knowledge can only obtain through heavy statistic backtest for 4-5 years or an ABSOLUTE RULE system with zero emotion (aka EA).. Because you as a human will alway "break the the rule". So you really need to know how your "created system" will work historically without emotion.

Also trading is hard but it's not complicate. If you just focus very heavy on price action and pattern you will acquire something that will help you when you can trust nothing in this world... which is YOUR system in a fail state. But you still need a "proven back test win system though"... your price action skill is only a backup plan IF your system fail..random which it will...................................
  • #19
  • May 15, 2014 12:40am May 15, 2014 12:40am
if you trade the price, you don't need time frames.
chart just show you the whole situation, from the pass to present. it helps you make your plan and trade on your plan
so if you trade, trade the price, and your eyes and brain are your best trading system.
have fun
BullShit BearShit
  • #20
  • May 15, 2014 11:39am May 15, 2014 11:39am
Quoting jhehe
Is trading one minute time frame realistic in the sense that is it too chaotic or so chaotic that there are no tradable positions? So far, just demo-ing and playing around with the one minute time frame and various tick time frames to get a feel.

Given that the market is Fractal in Nature, learning the M1 charts can be a great benefit as applied to the longer terms.

Personally, I love the M1s, they kick ass for finding positions and even holding for the duration. Keep in mind, all trends start someplace and given that the lowest TF for trade with any MT4 provider is the M1, this is seemingly the best place to start.

Pay no mind to those who don't think that this can be traded effectively. The people you can learn from are the ones who tell you it can and can show it.

I have worked and am working with a few folk on M1 Auto trades, NOT HFT's, based on sound M1 Trade Practices.

2 Equity Curves, same strategy as applied to the M1 for multiple pairs and to Multiple Time Frames for Multiple pairs. A small piece of evidence that Not only do M1 trade strategies work, but this same can be learned and applied to the longer time frames.
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