I’m wondering how many people here trade off the 1 min chart? That do their all their charting based on 1 min price action?
Impossible to trade soly on M1 too many gaps and random movements, no clear trend or range can be detected.Its trade based on tossing a coin.If anyone trades on M1 i bet they wont have serious results.
[QUOTE=“Proximus;561781”]Impossible to trade soly on M1 too many gaps and random movements, no clear trend or range can be detected.Its trade based on tossing a coin.If anyone trades on M1 i bet they wont have serious results.[/QUOTE]
If you are saying that higher time frames can give price prediction then a smaller time frame would give you price prediction as we’ll. I fully believe 1 min time frame is trade able.
I don`t see noise in the pic above. it could be any tf
[QUOTE=“Lazytrayder;563548”]I don`t see noise in the pic above. it could be any tf[/QUOTE]
Agreed, any time frame is tradable just depends on your goals and intensions.
Not really.On higher timeframe you can see more clearly the trend, and if the market consolidates, a 60 min crappy consolidation on M1 gets merged into 1 single doji or similar candle on H1, so it filters out much better any consolidation.
Yes i see. I try to make my r/r requirements when i trade m1 keep me out of consolidations. I think when p.a is not doing this on m1 and making hh and hl, that in itself could become a tradeable impulse wave. the pic i post shows the majority of good trades cover impulse waves. i got minced up in some consolidations as you can see.
Try at least M5, M1 is just very very hostile.On M5 E/U you rarely will find any gaps and spikes like that.