1 min scalping: Your opinion and what to look for | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies

Best FX broker for scalping - pro traders opinion only pls 92 replies

Scalping in My little Opinion 8 replies

Scalping techniques on 1 Min chart 26 replies

15 min indicator on 5 min chart 3 replies

Attachments: 1 min scalping: Your opinion and what to look for
Exit Attachments

1 min scalping: Your opinion and what to look for

  • #41
  • Jul 10, 2013 8:30pm Jul 10, 2013 8:30pm
ataata,
i am happy for you that you are making profits on 1M chart, but remember the joker of the small TFs is the spread.
it is probably more logical to trade small TFs since they contain more information about price behavior and volatility can be felt better than larger TFs.
volatility is simply a term used for huge disproportional amount of money coming in and out, which can not observed during other times. despite there are tools to measure it, one does not have to use them since it is obvious to a naked eye. small TF gives you clearer view of volatility. in volatile period one simply goes by the pulse, the momentum and gets out once it calms down or sees the opposite momentum from other side. no trend trading during those times. trend trading by itself is a vague concept. trend is based on random price movement at a fractional level. when we look at a chart we see nice patterns, nice candlstick formations but what we do not see is the hidden randomness in their core.
you can call this another dimension in trading. but the word dimension carries more philosophical meaning than technical. you can add any dimension to your trading you want.
I hope you find this post useful.
As Above, So Below
  • #42
  • Jul 11, 2013 12:41am Jul 11, 2013 12:41am
Tashkent

thank you for your post. Yes we share same view about volatility. Volatility show us when bigger amount of money is coming on the market. as i already wrote here it can be measured by Bolinger bands. The way we can use it is in two way. I use 150 EMA on 1 min time frame. 150 ema is same as 10 EMa on 15 min TF and the price always come back to this EMa so i find same settings propriate for BB too (2nd deviation).

We can use it in two way. I name this two way by the people which first taught me about it. First entry is in Dean Malone way. You enter in the way of a "trend". The idea about this entry is that money is coming in the market and we go with the flow for couple pips.

The second way bolinger bands could be used is in Steve Mauro way. He enter in the trade when PA is coming insade the border of Bolinger bands. The idea of this way of entry is that influx is losing strenght and the price will turn in oposite direction. This is usually counter trend entry.

The danger of this entries is that BB could be sometimes very hard to break because it works as support and resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-07-11 07_33_06-EURUSD,M1.png Size: 22 KB
  • #43
  • Jul 11, 2013 2:21am Jul 11, 2013 2:21am
Problem with scalping 1-2 tick winners is you have to be ultra ultra disciplined with your stops, you cant be working stops in the market as you will constantly get flicked out so you need to be doing it manually and this takes great control and discipline not to give it that other few ticks that turns into 10 then wipes out 5 trades.

Likewise, you take one bad loser which is going to happen a lot in volatile markets and it wipes out your winners. When I first started I tried scalping the bund but i wasn't disciplined enough so moved out my stops and looked to take larger winners by running trades which got me a lot more consistency.

Scalping is all about price action, look for exhaustion points and fast moves after people puke then fade them for a tick or 2, will be fast and furious and you shouldn't be going off side, if you are you got in too early.

Just curious, with regards to latency.....being at a prop firm in London we have the fastest connection speeds with direct access to the exchanges how do home traders scalp the market through an internet connection isn't it really slow?????
@Futex_Live_Analysis Follow us for live market calls and updates.
  • #44
  • Jul 11, 2013 8:58am Jul 11, 2013 8:58am
Quoting ataata
Hello my friends, after years of searching for a system that would be suitable for me i finally find it. It is the 1 min scalping. Like many others out there I was against the 1 min scalping because i think it was too quick and noisy for me but after reading couple interesting posts from different forum participants (CP, Kostas, FTI...

Hi

I do agree with you, all time frames are the same, only the size of the swing differs.

I do scalp the M1 while waiting for the setup in the higher TF.

I have documented my entry setup in the following link, if anyone interested.

http://www.fx-channel.blogspot.in/20...-all-same.html
Weigh well output the loss and gain And proper action ascertain
  • #45
  • Jul 13, 2013 7:02pm Jul 13, 2013 7:02pm
Quoting ataata
Tashkent thank you for your post. Yes we share same view about volatility. Volatility show us when bigger amount of money is coming on the market. as i already wrote here it can be measured by Bolinger bands. The way we can use it is in two way. I use 150 EMA on 1 min time frame. 150 ema is same as 10 EMa on 15 min TF and the price always come back to this EMa so i find same settings propriate for BB too (2nd deviation). We can use it in two way. I name this two way by the people which first taught me about it. First entry is in Dean Malone way....
there is a difference between volatility and momentum. volatility is, as said earlier, disproportional flow of huge amount of money in both directions. momentum is one direction biased influx of money. usually volatility happens during unclear, confusing market conditions. momentum happens when direction is clear, especially during breakouts.
the simplest method to calculate volatility for a specific period of time, lets say for the last week - add up daily price ranges and calculate what percentage would spread represent of that sum of 5 day price range. lets say price has moved 700 pips in last week and the spread is 5 pips. volatility coefficient of this pair is 140.
but i guess in your post you were explaining momentum.
As Above, So Below
  • #46
  • Jul 13, 2013 11:55pm Jul 13, 2013 11:55pm
my experience scalping Friday:

I got 2 losers in audusd and usdjpy.

Third trade in audusd, when I clicked sell, broker rejected my order

In 1 minute would pay for both losers and win similar amount.

so... looks good on paper and hindsight only but reality is you cant get orders executed, especially when you get above 1 full contract.

will continue to test. although I am considerably ahead, this kind of scenarios make me question long term viability as cant be scaled up.

maybe just waste of time.
  • #47
  • Jul 14, 2013 2:06am Jul 14, 2013 2:06am
Quoting tashkent
{quote} there is a difference between volatility and momentum. volatility is, as said earlier, disproportional flow of huge amount of money in both directions. momentum is one direction biased influx of money. usually volatility happens during unclear, confusing market conditions. momentum happens when direction is clear, especially during breakouts. the simplest method to calculate volatility for a specific period of time, lets say for the last week - add up daily price ranges and calculate what percentage would spread represent of that sum of...
Tashekent,

mea culpa Yes I used wrong word for explanation i was talking about momentum.

After two months of using 1 min TF I sometimes find it too slow now. When you get used for one minute TF you will see that there is no difference betwen 1 min, 15 min , hourly or daily. Ok yes on average you must take your profit more quickly but remember that you each move on 1h TF starts on 1 min.

I think most of us were/are told that there is a noise and that 1 min TF is untradeble. I was also thinking so but now i dont anymore. I will definately stay on 1 min TF because of results I have and because I find this kind of trading stresless and more for my caracter. And there is still a room for improvement, i would like to research more about tick charts how could observing them give me answer which side of market is getting strenght (bullish or bearish). Is there any MA that could be used with ticks and would have same observation value as 150 ema on 1 min chart. I would be very happy to exchange knowledge with someone about this.

Talking about adr does anybody know if there is a indicator that would calculate dailyrange of each seasion (Asian, london, NY)?
  • #48
  • Jul 14, 2013 3:38am Jul 14, 2013 3:38am
I would not scalp 1M with BB being the trigger, unless you have a spread of 0.2 at most. Keep in mind that it is certain price levels that are responsible for big orderflow/volatility. They are the trigger for your spikes, not BB whatsoever. That being said you want to use quick scalps from the levels the big boys are using.
A 1M TF would come in handy for more precise stop and TP placements(once you know the important levels that is).

I never ever saw a successful trading record from someone purely trading of BB without using it in conjuction with something.
  • #49
  • Jul 14, 2013 4:35am Jul 14, 2013 4:35am
ouch,, i love scalp
if there is something you should keep secret,simply just save it,, so, just
  • #50
  • Jul 14, 2013 4:46pm Jul 14, 2013 4:46pm
Very usefull topic.. hope it countinues with more...
  • #51
  • Jul 14, 2013 8:10pm Jul 14, 2013 8:10pm
As i just posted on the 5x5 pip thread:

It's easily done.. I use a mechanical mm method like you.

10pip SL/30pip TP.
5min timeframe (would work on 1m)

Looking for stoch's & RSI at extremes
Price @ good s/r. (trendline/fibs/ma.. etc)

I find trading like this prevents me from holding positions too long and moving stops because of my long term bias.
  • #52
  • Jul 14, 2013 8:14pm Jul 14, 2013 8:14pm
I use to trade my own counter-trend system using BB bands and momentum. It would work good for entries but i stopped because i couldn't find a filter for the large bb "runners".

I would also note i waited for at least 1 close outside the bands & would enter on a close back inside
  • #53
  • Last Post: Aug 10, 2014 9:58am Aug 10, 2014 9:58am
1) what is wrong about using MT4 for scalping?

2) what about 10s timeframe or even below? do you guys use tickcharts, rangecharts, renko?
1 trader viewing now