Things move really slow around these times I’ve tried out of convenience and actually found myself losing more trades. That’s why I decided to stick to morning trading.
Unfortunately in EST timezone (Ontario), I have to be up early 
Hi Soul,
no difference for me, have to get up early too.
I actually don’t rely much on the MC and more on the BB-Stop. Just watching it. Yesterday my first goal was whenever the other side on BB-Stop shows I go with it. The running trade was already closed, I did not wait till BB-Stop turned.
This BB-stop is just a better version of Rui’s BB stop, follows exactly his, except the line is thicker and it starts with an arrow and has alert build in too.
MP the next step in this system is what Soul already recognized, you are going for only 1~10 pips therefore you avoid you money being to long exposed BUT each pip has the maximum value you can make it.
MM from purplepatchforex. Risky but since you expose yourself very short, you are very sure of the trend and close fast, it could work.
MM set Account to 50:1 or even 100:1, set value to 98% and you are really maxing out your account.
That’s why I started yesterday with just 1000 unit (training) and slowly I will increase to 5000 and up up up to 100’000+.
I enclose a zip with BB-Stop, MC and iSession. iSession just colors the background chart for trading hours you like to trade, MC you know, and BB-Stop is actually a Bollinger Band 10,1 but suppresses one or the other side of the BB and the midBB.
BBands_Stop_v1_with_alert.zip (4.44 KB)
I also have a MA 50 exponential close (magenta) for the general direction from MadScalper system and a MA 14 exponential close (yellow). As long as the 2 are relative far apart the trend goes on.
Saves time to switch always into higher time-frames.
All on any chart, but especially on M1.
Early bird catches the worm.
That’s the plan at least!
My trading computer is in a limbo right now, so as soon as I get the screenshots from it, I’ll be posting a nice trade that worked out even with a premature entry. Turned out I would have been done for the day in about the first half hour of trading as the move was a big tank on the EU minute chart going 7 or 8 pips in profit with just 1 candle 
I’ll post the chart as soon as I get things up and running with the other machine.
I’m not too familiar with Rui’s method with the BB stop. How do you use it or how does it help you while trading? Is it watching for the extremes of the BBands and trading accordingly? i.e Dont take a long position at the top BB etc etc.?
Here’s the trade I talked about a little earlier.
NFP was out today so I waited for news to be released, then looked for valid entries after volatility subsided.
I was watching a short setup, see if you can spot it. Though as you’ll see by my entry, I pulled the trigger too quick; my new tablet laptop has a quirk I’m trying to fix so the button got pushed early :p.
Anyhoo, trade was into profit and I didn’t want to risk anything being an early entry so I jumped out with 1.5pips profit. Still fine with me. But see the next chart; the longer I trade the way I am doing, I hope I am confident enough to stay in trades maybe even a tad longer and have profits like the one below.
Had I stayed in the trade, 10 pips profit could be banked in 3 minutes. That’s two trading days for me (5 pips a day), so I’d get a day off! 
Soul, what is your $/pip amount? 1pip=$10. 20, 30…?
I need “crutches” that’s why I have a demo Alpari and demo InterbankFX. I need the MT4 platform for the indicators I am using.
BBand stop is the one that shows a beginning blue arrow and then dots up and when the trend changes it shows a starting red arrow and dots down M1 chart.
In that range thats’ where I grab my pips. BBand-Stop is the important one. If the EMA 14 (yellow) is crossing the EMA 50 (magenta) then it is a additional confirmation of the trend (at least for me). If the MA14 and MA50 are pretty much parallel then the trend stays in that direction and I may jump in and out of additional trades. Master Candle is also additional indicator, less important. 1 time I had a MC on Alpari and Merchant Prince did not, since he uses different broker, then again I think 3 times we both had the MC on.
THE ONE I REALLY GO BY IS THE BBAND-STOP on M1 chart.
First entry is always at the beginning as soon as the arrow shows and sticks or right after. Sometimes a red or blue arrow shows but disappears again since the candle just retraced so I usually wait till the arrow stays.
This morning I made 5 test trades again with 5000 units = 50cents/pip, all profit.
You have your Ichimoku I have my BBand-stop:D, except I can’t implement BBand-stops on Oanda so I need a demo account for the MT4 platform. Since Oanda is not exactly on the same level as Alpari with the candles, I have the EMA14 and EMA50 on the Oanda chart, at least they have that.
I wish I could trade from Oanda alone with a good indicator but Ichimoku is not for me.
I use Alpari UK. I’m not saying you SHOULD, but their definately better than most. Yes their charts stink, but when all you’re looking at is naked charts, you don’t need much more.
Right now, every trade I’m taking is demo. However in a week or so’s time, I’m going live with starting capital of $500. With Oanda, I’ll set the trade size to be 80% of margin; so 400 x 50:1 leverage gives me a trade size of 20000 units.
That’ll get me started at a little less than $2 a pip. Yeah I know it’s small, but I’m ready to let the power of compounding do it’s work.
Till I go live though I’m making sure I’ve got the essentials of how I like to trade down pat. I don’t expect psychological aspects to come into play on demo so I’m in no way training for that.
The BBand stop sounds interesting but I’ve never had much luck with bollinger bands. I tried the bolly-bounce game with MAs but too many fakeouts for my liking. I haven’t tried the way you do it but all the power to you if its working for you!
Two quick trades before I leave for work this morning.
The first did not work out mainly because I didn’t judge momentum correctly. Jumped in and the move stopped, it was a short so I exited when the move went 5 pips against me. The second test of the scalp line had momentum and I did jump in for 7.4 pips profit.
Net pips: 2.4
Orange arrow for entry, blue for exit.
A quick 2.2 pips from the trade below. I’ve been itching to place a trade all weekemd so this one is out of my normal hours; traded on the UJ minute chart because the Japanese markets are open.
First quick scalp line was broken so a quick trade and as soon as the momentum died, I had closed the trade.
One more trade a few minutes after this one above.
Another quick 2.4 pips. Almost at the 5pip daily target in less than 10 minutes traded.
Nice Work its about making money not pips!
what are you going to do with all those pips anyway:D My electric company won’t take them I asked. I found out a pip is pretty worthless except for bragging rights on an FX forum.
Even better to make your money in 10 minutes!
That’s the point, right now I’m looking at pip values but the idea is trading heavily leveraged. Every little pip adds up.
In fact here’s another on the EU I just took. Should have stayed in longer as the momentum began slow, I jumped out, then it rocketed up further Oh well, still 0.8 pips.
how u guys manage to trade profitably on 1minute charts is amazing.
Wow, 2.TWO pips. Talk about fractions!
I actually like this about Oanda haha. The precision of entries and exits helps get the tip-tops and the lowest bottoms on what I trade. Sometimes it’s so seeing an exit right at the top of a swing before the pair tanks. I feel smart