I had the suspicion from the start that it would fizzle out which is why I decided to stay here.
Nope, not giving up the 1min TF. It’s a hangup I have… I won’t be trading it until, if ever, I figure out a really good way of doing it, but I’ll keep working on it.
As for the 4H I am trading it on my main account although it has been few trades and far between due to other commitments, I’m up for the year so far. I think I’ve finally found something so simple that even I can’t screw it up. I’m looking at a possible way of trading the 1min charts using this same basic template.
I’m getting ready to post about it but first I have some old 1min charts from back in April to mark up and post. Without foregoing that, even though they look very enticing in hindsight I’m concerned that psychology might make it another story once traded live… I’m hoping the 1min approach I’m looking at now might give less room for interpretation.
Don’t worry about that, as long as the method you’re using gives you an edge the equity curve will grow regardless of the little dents…
I’m focusing on 4H and 1min since that’s what will work for me. When I’m at work I’ll be able to check in on the charts every 4H without problem, more often might be difficult.
When I’m at home and am able to be glued to the screen I’d like an approach that gives frequent trades with good win and reward rates (don’t we all). The “in between” time frames like 30m don’t match my life conditions as they are now.
Yes, I use a kind of MA but only for bias decision. It’s really all they’re good for. Bollinger Bands look so compelling but I find it difficult to get anywhere with them. That said, I am actually using a BB for the 1min strat, but not applied to price itself.
I’ll be interested to follow along your development. Just be careful not to add too many indicators into the mix, that usually never ends well. I speak from experience.
I’m thinking about posting my method in the Trading Method of the Month Thread. Not sure yet though.
http://forums.babypips.com/free-forex-trading-systems/39141-forex-trading-system-month-june.html
http://forums.babypips.com/free-forex-trading-systems/39140-best-forex-trading-system-month-contest.html
In any case, good trading to you too!