Need help on Microtrading in the 1 minute chart

[Somsri]

@ScorpSFX

Hi Somsri,
New to this forum but maybe I can give you some more ideas to check out. ^^
Hope these bunch of words will help. =)
Good trading

Mischa (ScorpSFX)

Hello there,
Thanks for your valuable information.Its really helpful.I will check that 4H trend technique.In case of 1 min trading.I also like the hit and run kind of Take profit style.I generally target 5 to 8 pip maximum in per trade in smaller time frame.I believe its safe.
Yes i agree moving average and Stoch are really very good indicators.
I use THV version 4 ATR info panel to confirm my Stoploss and take profit value.

And i also agree that in small time frame indicators works not so good actually.Thats why larger time frame are best to indicate the trend.
Currently i dont trade in off time.For EURUSD, London and US session openings are great.Cause i find lot of momentum in the market at that time.

[ScorpSFX]

sweet. glad i could contribute.
But now i have a question. =)

I use THV version 4 ATR info panel to confirm my Stoploss and take profit value.

How do u do that? Sounds interesting.

[Somsri]

sweet. glad i could contribute.
But now i have a question. =)

How do u do that? Sounds interesting.

Actually I use from someone’s posted guide on scalping.
Here is the original thread.
Amherag’s Scalping System @ Forex Factory
you will find details at there.

[TradeTheTurn]

@Somsri

Hi,
As newbie.I like this trading strategy.I use with some advance indicators,which confirm about the entry time.
What i use here is the details:

1 min EUR/USD chart
Trader Dynamics Index (TDI)
Heiken Ashi with candle stick
20 Bollinger Band
5 EMA High & Low (Smoothen)
3 EMA Close.
& MA cross over alert indicator.

So according to the strategy.
Entry rule is When 3 EMA cross BBand Downward is sell time and when BBand crosses Upward is Buy time.

But my problem is,
What is the Exit rule in this Microtrading.
That is not specified.

Sometime i saw,i close the trade in short profit.And after some time,the trade gain more profit.But i didn’t get it,cause i already closed it.
I am confuse with the exit rules.

Please help me.To give an idea about the exit rules in this microtrading.

Thank you.
Hoping for help.

Here is a screenshot of what I use, I cannot tell you anything about the indicators bc i will get banned but maybe this can help b/c it works for me on exits… Basically i use 3 1 minute charts and once i am in a trade i exit when the first one minute chart turns the other way or when the 1 minute chart on the end peirces the blue fence around it… hope this helps and it the op allows me i will place the names of the indicators here… obviously we can say bollinger bands and such but apparaently i cannot say the names of the indicators i use b/ci created them… still maybe the screen shot can help you on how to setup your trading dashboard.