Trading is as simple as ABCD

Yes its very interesting isn't it that these 1 min trend trades are not that rare, in fact I reckon theres at least 2 or 3 of these big runners every week so enormous potential if we can find them. Only problem I have with this is thats been the biggest part of my problem. I just keep holding thinking I've caught a runner when 9 times out of 10 it just fizzles out into nothing only offering the standard 7 or 8 pip run.

The question is I guess how can we catch these odd runners against the higher probability that they won't actually run so theres only a handful of pips available??

I think your idea of taking profits on half and letting the other half run is maybe the answer. Each new entry bank half hold half and trail the stops on the holding trades until trend ends and trades close out as last LH or HL taken out.The only trouble I have with this is that I've seen so many trades come back and take me out for BE its untrue, the pullbacks on 1 mins are generally about 85% so unless you get in right at the bottom of the pullback your entry is unavoidably going to get hit and taken out at BE.

The only thing I will say is if its a strong trend then the pullbacks are generally much smaller say 50% then our holding trades at BE have got a chance of surviving. We could measure the steepness of the 100lwma slope and say 30 plus reading on the top trender is a strong trend so try the holding strategy, however anything less just keep banking every momentum run with no holding trades.

Basically if we can identify a strong trend with 50% pullbacks then hold and trail our stops down each time we load. However if we identify a weak trend 85% plus pullbacks just fully bank on every momentum push.

Just my thoughts, but is it easy to mange psychologically??? I don't know, have to try I guess and see how it goes.Other than that I would say just treat every trade as a one off and fully bank every momentum move. No arguments then just take your profit as you go.

Just had a quick thought to add to this post, can we identify or rather anticipate a large or small pullback before they happen?? For instance if the momentum move clears the previous push by say 10 pips then the trend is strong hold the whole position as expecting a smaller pullback which won't threaten our entry. However if trade struggles to clear last push point B then bank the whole trade , there and then as can expect a large pullback. Would need to study the characteristics of these larger runs to see if we can identify them some how??

Difficult to say for sure but just did a quick visual and I would say yes we might see a few characteristics that we could recognise on these longer runs, for instance, bounces off of the 100sma seem to push away quite hard with a relatively small pullback. Also if push goes past point B then definately best to hold whole position as now we've got a strong trend plus point B as extra resistance/support to protect our BE stops.

This is just a quick thought to share as must get to bed soon as want to get up early for FO. I have a feeling that these 1 minute trends are hard to catch in the first place and also have such a variety of pullback lengths it would be almost impossible to hold at BE. Therefore considering they don't happen that often compared to the much smaller sort of 8 to 10 pip moves, maybe we would just be better off taking our profit from the momentum runs alone with no thoughts of holding??

Just seems to me these trends aren't that smooth very often so don't lend themselves to trailing at BE. Guess we could just leave stops in initial place until after 2 pullbacks have taken place then move to BE??? Only problem with that is we are going to get hit more times than we win?? You know price ranges far more than it trends??

I must admit I do like the hit and run scenario very much like DNAbrazil does on his High leverage thread. Seen him double his account twice in one day once,large stops and just taking small little bites very often and throughout the day.

Hmmm needs a lot of chart time and testing to resolve for the best I think.

catch you tomoz.

Went to bed last night thinking about the last few posts here about trend trading against momentum grabbing etc etc.

Whenever I do that, go to bed thinking about a problem, I wake up the next morning with some interesting ideas. I think its something to do with the fact that we only use 5% of our brain for conscious thoughts, you know that little voice in your head that tells you what to do all day?? No not the wife Mr V!!! The other little voice.

Apparently the other 95% of your brain the sub concious part does all the work, you know, breathing, heart beating, moving, walking , digestion etc etc. Now on top of that its also got this immense ability to work on your problems without you even knowing anything about it, so go to bed at night thinking about what you need to solve and hey presto, in the morning loads of new ideas!!

So you know where this is going , don't you???

Yep I've got some new thoughts to share with you all about trend trading and range trading and how best to trade them. Trouble is I'm still having problems posting here so I have to create it all on word then generate a new post here, by copying and pasting from word, then go in an edit that post .

All of which takes bloody ages to do so will be back later with a new post sharing my thoughts on how we can maximise the returns from our 1 minute trends.

Catch you all later.

Looking to buy a GBP pair but which one???

Maybe they've had a heads up on what Mr Carney is going to say???

What do your trade rules say?

At the moment CM is showing eur as 0 and I don't see that often and eur weak for some time, next weakest chf.

Don't worry Mr V. nothing set up on GBP pairs that time no -100 cci signal so no trade but its all change again now to EUR weakness like you said.

Probably best to stay away from GBP pairs now in light of pending news so will wait for EUR sell signal on one of these top 4 trenders.

Sorry rather should say that eur weak for some time and nzd, jpy, aud and cad varying levels of strong for some time. EURAUD my preferred pair was looking very good with multiple entries per my rules (200 cci 14 scale pull back). EJ also looked good with jpy strong and a couple I think it was 100% trades per rules.

Discipline, discipline,discipline and just a touch more discipline.

All setting up nicely now cci -100

Gotcha!!!

That one wriggled off at BE so no problem and now GBP pairs are back to top 4 interesting day this. A bit choppy as weakness/strength swinging between EUR and GBP, wonder who will come out on top?? Never mind just persevere with my system and I will be fine, no losers yet anyway.

Now why did I say that??? Me and my big mouth!!!

Notice how gbpchf is the only pair in both my 1 min and 5 min top trender???

Is that a clue to our best runner today??

Who knows but i will give it a go.

GBPNZD out of the blocks first, but is it a false start???

And the others follow.

Caught another one Mr V.

Another one got away at BE so I think I'm getting there with catching the little so and so's now its just a metter of holding on, isn't it???

Going to BE too soon I guess but early days yet but my discipline was a lot better today so gonna persevere also my top trenders worked well today and my entries were spot on too.

Very interesting that the only pair in both my 5 min and 1 min top trenders has pulled through so far, thats interesting, that could be the key to capturing the London beakout.



Pleased with todays session, learnt a lot now just need to work on my BE routine. Think I might try Pres78's idea of taking half and then leave stop where it was, would of worked well today with GBPCHF.

We're getting there MR V. we're getting there.

Live EURAUD short entry 4470, SL 4475. Down through the 75 level with divergence. We've only moved half the 60 day ADR so we will see whether this runs or not.

Already at 1.5:1 so out on part 1. Part 2 ay original SL but protected with worst case net 0.5 risk gain.

Great trading Pres78 awesome stuff.

Didn't take this but it was a great entry off the 75 level on GBPAUD. Would have been 4:1 already... just shy of 4:1 at the 8100 level. Does that sound like safe and good R:R / MM... my old brain says yes.