simple ES 1min chart trading

masterm1ne said:
1 min chart trading can only be done if you're using higher time frames to base your trades or are hft
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And if using the higher time frames, the 1 minute chart isn't really doing much for a trader anyhow. Much of the time it can become the reverse of using the higher tf's and suddenly one starts "reacting" to the movement on the 1m chart in a negative way...Many of those sharp breaks one way or another on the shortest tf feed the larger tf's. i.e. traps.

As an experiment, start drawing in the "reaction lines" from the daily and hourly charts and then just keep them on that 1m chart. It is sort of a myth that one can find the best areas to go long or short on the 1m chart, when the reality is that the best areas are on the highest time frames.
 
W.J. Feathermaker III said:
And if using the higher time frames, the 1 minute chart isn't really doing much for a trader anyhow. Much of the time it can become the reverse of using the higher tf's and suddenly one starts "reacting" to the movement on the 1m chart in a negative way...Many of those sharp breaks one way or another on the shortest tf feed the larger tf's. i.e. traps.

As an experiment, start drawing in the "reaction lines" from the daily and hourly charts and then just keep them on that 1m chart. It is sort of a myth that one can find the best areas to go long or short on the 1m chart, when the reality is that the best areas are on the highest time frames.
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The price is the same on all timeframes, no matter what "twists" one decides to put on it. One can trade the 1, 3, 5, 10, 30, 60, D, W, M, but one should not expect to trade them the same way, as that would be a very foolish thing to do. When you know what the difference should be you then can say you are an experienced trader. Until then, you can either listen to others and keep chasing "the perfect storm", or you can decide to start taking the game seriously and finding out what it is you need to do so that you can do it. How does one accomplish this? Simple, start with the 1 min chart.
 
wtfauoa said:
The price is the same on all timeframes, no matter what "twists" one decides to put on it. One can trade the 1, 3, 5, 10, 30, 60, D, W, M, but one should not expect to trade them the same way, as that would be a very foolish thing to do. When you know what the difference should be you then can say you are an experienced trader. Until then, you can either listen to others and keep chasing "the perfect storm", or you can decide to start taking the game seriously and finding out what it is you need to do so that you can do it. How does one accomplish this? Simple, start with the 1 min chart.
More...

Your post is one contradiction after another, but really it should be addressed to the O.P. anyhow.
 
Finally settled on a charts combo:
sc = Signal Chart with t = T3Colored MA and a g = gmacd , the sc is the equivalent of about a 5min chart.
60min chart with a g.
5sec chart with a g, Vol.
gs = gmacd lines.
z = zero line on all gs.
All charts have Correction and Projection Fibos drawn on them, cf, pf.

B or S signals are generated when the gls V or /\ cross one another, and the t and price bar/s change color.

Price Time Wave analysis can't be done on sc charts because they aren't time based. That's good because PTW
analysis and updating is very time consuming on lower tf charts. PTW analysis is done on 60m and above charts.

At the present I can only enter trades when the gs are at an extreme V or /\ — reason being is to try and keep
me honest, to not force a trade, to not make an interpretation of what I think the price is going to do and trade
my interpretation, to not only look at the price but the gls too.

Only entering trades when the gs are at an extreme V or /\ means I Must be disciplined, I Have to be disciplined,
and I Have to be patient too, entering trades at the Lowest Risk level possible.
I think the majority of all my trading losses have been the result of my not being disciplined.

I must no longer trade based on what I think, analyze, speculate, theorize the price is going to do.
My job's to wait for signals to appear, and when they do, enter the appropriate trade. How hard's that ?


Merry Christmas Guys and Gals

.
 
Wallace said:
Finally settled on a charts combo:
sc = Signal Chart with t = T3Colored MA and a g = gmacd , the sc is the equivalent of about a 5min chart.
60min chart with a g.
5sec chart with a g, Vol.
gs = gmacd lines.
z = zero line on all gs.
All charts have Correction and Projection Fibos drawn on them, cf, pf.

B or S signals are generated when the gls V or /\ cross one another, and the t and price bar/s change color.

Price Time Wave analysis can't be done on sc charts because they aren't time based. That's good because PTW
analysis and updating is very time consuming on lower tf charts. PTW analysis is done on 60m and above charts.

At the present I can only enter trades when the gs are at an extreme V or /\ — reason being is to try and keep
me honest, to not force a trade, to not make an interpretation of what I think the price is going to do and trade
my interpretation, to not only look at the price but the gls too.

Only entering trades when the gs are at an extreme V or /\ means I Must be disciplined, I Have to be disciplined,
and I Have to be patient too, entering trades at the Lowest Risk level possible.
I think the majority of all my trading losses have been the result of my not being disciplined.

I must no longer trade based on what I think, analyze, speculate, theorize the price is going to do.
My job's to wait for signals to appear, and when they do, enter the appropriate trade. How hard's that ?


Merry Christmas Guys and Gals

.
More...
Merry X-Mas to you also. I think you will just be wasting your time with what you described, as it will not deliver what you are looking for. The signals you speak of are nothing more than mumbo jumbo dreamed up by people who were smart enough to see where the real money could be made. If you must persist with this foolishness, then you might get some bit of joy from a more sensible approach, such as..

30 min for trend
5 min for signal
1 min for timing

If you do not know how to differentiate between the three, then you have a long way to go before making some money. Forget about the fool's gold and concentrate on the only thing that you can control. If you do this without fail, then it will not be long before you know what the difference really is. ES daytrading is not easy, but neither is finding gold.
 
Thanks for the suggestion wtfauoa, but I don't see the difference.
I've gone - going to a 20sec chart which incorporates 5 and 10min time frames.
I've never bothered with the 30min, never seemed to do anything for me.
I prefer the 60min, the 4H, D and W for pre trading PTW analysis, which for me all combine to produce a truer
Trend forecasting method.
.....................................................

I've been going around in rhombic dodecahemioctahedrons ending back where I started.
Think my problem's Perfectionism, in addition to 'detail orientedism'.
I'm trying to go Green - Red only, but like Linus and his blanket, can't give up the 60min and its PTW analysis.
I am doing Time analysis on the new addition 20sec chart but it isn't time consuming or distracting. The chart's
quite sc looking with NT's installed Green - Red HeikenAshi bars plus a t.
The retained 5sec has a squished price window, large Vol window, no g and used to track Volume only.
I'd like to dump the sc but, it is better at providing a continuous trend color, hmmm, often, but not always.
Just minimized the sc off the screen. See what Tuesday brings.


# 1: 1st Interim fibo: 2227.750 2273.000 - still current

# 2: 2nd Interim fibo: 2201.250 2273.000 - just added

# 3: 3rd Interim fibo: 2180.500 2273.000 LL Fri Dec 2/16 HH Tue Dec 13/16 - not yet added

# 4: Full Wave fibo: LL Fri Nov 4/16 - HH Tue Dec 13/16 ; will draw when price breaks 2190 .



Happy and Prosperous New Year Guys and Gals

.
 
When the 30 min is trending up/down, you look at the 5 min for a signal to enter and use the 1 min to time your entry. When you are filled, anything can and will happen, so, it is what you do next that matters most, not what any TA or PA related things might suggest. This is just one simple approach, and there are many more, but the simple ones always work better than the complicated ones, same as with most things in life.
 
I would compare trading 1 minute chart to micro-trading, with whip saw effect. Impossible to see the trend or market structures, (time and price) I use smaller time frames for precious entry only off higher time frames….. nothing else.

Most important you will not make any serious money trading 1 minute

Many new traders use 1 minute, they have no knowledge of market structure

https://www.screencast.com/t/8LMcKNTUR3Je
 
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