Maybe if more people even understood that small part of trading, so many people wouldn’t be losing, now would they? That is why that is one of the rules of my system.
Thank you for posting your strategy!
1- BC You cannot predict the future!
2- You can see where the turns are in the market.
3- It will help you develop an actual skillset, as in you will learn how to trade order flow much more accurately.
I am from New Jersey. Been there done that, trading is working out just fine, or I wouldnt be able to sell a software that can see the turns in the market, if it wasnt true.
You are wrong sir, I opened this thread for people to share their exp. trading 1 minute charts and instead it is being thrashed. So far it looks like about 4 people have actually shared their exp trading a 1 minute chart and how they have thrown away the predictive model.
Paypal is a scam. I agree. I do not understand how your system works, can you please explain it… thank you for posting And no i do not beleive in Fibonacci or Elliot Wave b/c you cannot predict the future.
That’s just a classic ICT trade, check out his thread. And price does respect those fib levels believe it or not. One of the cool things about price is it doesn’t care what belief system anyone has.
OK so do candlesticks have any validity on a 5 min chart? Like how we use candlesticks on a Daily e.g. shooting star on daily means down next day. How valid are candlesticks in determining bullish and bearish reversals on a 5 min chart?
I personally wont trade the turn if my 1 hour is long and my 5 minute is short, or vice versa, so I would agree that candlesticks on a 5 minute chart are extremely valid for determining which way the market is turning or trending.
I guess i just dont understand where you would enter and exit your trades based on the screenshot is what i am saying.
Speaking of things we don’t understand… :18:
With the kindest tone possible TradeTheTurn, could you please refrain from liking every single post…
it makes you look like you have an obsessive compulsive disorder.
I imagine that a normal person might like maybe 5% of the posts he reads; maybe use that at a guideline. :5:
Trading the one minute chart is feasible, but when you say “Especially for new Traders” is just plain simple not a good way to introduce new traders to forex.
It’s hard if not impossible to know the end of a run. My suggestion to new traders is that they take profit along the way, i.e. close 1/3 at a set leve then 1/5 at another level then let the rest run until it gets stopped out. That way you wont have the feeling that you’re left out.
The reason why I feel it is better for new traders to learn their skills and sharpen their teeth on one minute charts is b/c it will give them a better sense of how to react to market conditions. I feel that the majority of people lose in the market b/c they are looking at trading all wrong and they are trying to master skills that have either proven to take too much time or simply are not achievable by simply working hard at them… That is why i created this thread so that new traders can see techniques for trading the 1 minute chart b/c i feel if they put time into those skills, instead of complicated predictive models, they will learn more and be better traders at the end of the day
I got to page4 and gave up reading. You had not explained a method by then only you could catch a move of 20 pips. I whipe my ass with more than that every morning. Alot of times with the same risk as you. Get to a point (if you stated it let me know the page) because I can walk into a bank and demand money and get it. That does not make it a good idea. I am not saying it cant be done. But why? To have no life because you are watching charts for 20 pips. Or because at he end of the day you are a risk taker and enter many many trades to make the 100+ pips every week just to have more risk on the markets. How you probably ask if we both risk 2% on a trade? I risk 2% on one trade about a 20 pip stop and I make well over 100 pips. That takes 5 trades from you to make the same (if they are all winners). Thats means you have 10% at risk (if they were all losers) to make the same amount of pips. I spent a hour max screen time here and here. You have an hour here and there of life to spend with family and kids and the works.
My methods were not supposed to be the focal point of this thread, i was hoping other would share their methods too so it wasnt just a one man show. Anyway my methods are not as risky as you described. And yea maybe you have a great way to trade, but how easy is it to teach someone what you do? And how many of the people you teach this method too can actually understand it? With roughly 90% of people losing in the forex markets, obviously what has been in the general public as far as trading methodologies IS NOT WORKING. Time for something new.
It looks like everyone wants me to show how i trade the 1 minute chart, I can explain it in 6 small screen shots, with no ads, and everyone will be abel to understand it. Should I just do that?
NO, if you are going to show a “propietary indicator” or a secret strategy only available to members on your site, so whatever you want to share has to be free
No… I watched your vids, nuff said
Thats what I figured, but I still feel we can have some constructive strategies on trading 1 minute charts… Here is a free part of how I trade that anyone can utilize… every day i check out dailyfx.com and click on their technical analysis reports to see which markets have the highest volatility, thats how i decide which markets i am going to trade for that day.