Hugs all around
Rewind Back 15 Years
- Thread starter padutrader
- Start date
i am trading reversal patterns....and i am using M1 time frame.
i am NOT trading reversal bars,single bars, i found most are unreliable
Al brooks said that M1 was extremely unreliable and choppy but he used to trade ES and said not use it.
I have found forex M1 maybe because of their high liquidity are the same a M 5...
i have found it more then manageable i have found it perfect for my trading which is in 2-10 pips.
unlike M5 i am able to know and put proper targets and stops.
so this has freed me up and no longer to i have to sit in front of computer and stare at it.
yesterday i put stop and target [10 pips] and went off for a nap fell asleep for an hour, came back, found that market fell shy of my target by half a pip and went and triggered my stop.
so i think i have to keep a eye on it in future
funny what is poison for one is food for another.
i am NOT trading reversal bars,single bars, i found most are unreliable
Al brooks said that M1 was extremely unreliable and choppy but he used to trade ES and said not use it.
I have found forex M1 maybe because of their high liquidity are the same a M 5...
i have found it more then manageable i have found it perfect for my trading which is in 2-10 pips.
unlike M5 i am able to know and put proper targets and stops.
so this has freed me up and no longer to i have to sit in front of computer and stare at it.
yesterday i put stop and target [10 pips] and went off for a nap fell asleep for an hour, came back, found that market fell shy of my target by half a pip and went and triggered my stop.
so i think i have to keep a eye on it in future
funny what is poison for one is food for another.
sold eur see chart for stop etc
stop triggered i think it was in too strong a uptrend.i just saw a reversal pattern and traded it without checking the context.
patterns are useless if context is in opposition to it
this was my first trade of the day so not alert and this is sim
blown in one trade....did not have stop.
but i am now trading M1 and putting tight stops and targets so my trading has taken a huge turn because i am now trading M1.
last few trades are in sim
once banks open will fund live.
in M1 i am finding i can put tight stops which i could not do in M5 .
in the my trade posted below no339, the stop is 1.4 tick/pips.
that is amazing tight
once banks open will fund live.
in M1 i am finding i can put tight stops which i could not do in M5 .
in the my trade posted below no339, the stop is 1.4 tick/pips.
that is amazing tight
sold euro stop etc see chart
lulz omg I'm dying here..
So you blew your account AGAIN! and this time it took 8 days!?
This is seriously too good to be true.
I'm speechless.