1 min chart = too much noise.
Well then I suggest you get in touch with one of the moderators & ask them if they’d kindly remove all off-topic material. That will get you back on track & raring to go.
I’m not attacking you man. If you’ve got a solid, successful strategy or system that uses the 1 minute chart as its heartbeat & you’re prepared to share, advise & assist those interested in pursuing that particular style & avenue, then all credit to you & I for one hope you kick it up big style.
But just step back & consider where you are, who your target market is, what their limitations might be (including experience, capabilities, exposure to the market, financial & more importantly hardware/software constraints, general price awareness etc) & the type of press these micro timeframes attract on these types of public forums.
You need to use your head & adopt some common sense when approaching that kind of controversial subject on here otherwise you’re going get your ass fried & your thread trashed.
Most beginners & participants of retail forums think anything lower than a 240 minute timeframe is the devils child. And that is because they simply don’t have the experience, psychological capabilities or skill sets to operate down there effectively or consistently enough to make it a viable option.
I will repeat what I & that guy DoubleEcho said, being that those who operate inside those types of micro price domains don’t or won’t even bother mentioning that type of activity because it’s either part of a program/model set up or a very sharp edge in specific trading circumstances that they’re simply not prepared to divulge or discuss on a public forum.
You wouldn’t catch me sharing one of my prime income generators & exposing myself to all the negative sh*t that comes with it for any amount of money, but that’s just me.
Please delete this along with the other off topic posts if you so wish, it won’t hurt my feelings. And sincere good luck to you with your proposed offering.
How very wrong you are. In fact you couldn’t be more misled if you tried.
In the correct hands, with the right back-up (experience, quality hardware/software/execution vehicle) it’s an incredibly powerful income generator.
By filtering out the “up/down” patterns and stacking the bodies that are closing in the same direction, like a PNF chart, you can filter out the so called “noise”.
You can find this indicator for free here on babypips by entering Trend Stacker in the search:
You can cut out that noise pretty easily.
Thank you for the feedback, much appreciated. I have opened up several threads looking to share tactics on 1 minute charts trading and this has been the most reluctant. But thats ok, I had no idea trading the 1 minute was controversial.
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.