Hello my friends,
after years of searching for a system that would be suitable for me i finally find it. It is the 1 min scalping.
Like many others out there I was against the 1 min scalping because i think it was too quick and noisy for me but after reading couple interesting posts from different forum participants (CP, Kostas, FTI... I would like to thank all of them) I slowly build my own view on the market and trading fx.
Why 1 min chart. If we belive in fractals then 1 min trading is the same as hourly, daily, weekly... it is just quicker and you catch smaller amount of pips. At the begining i had problems specialy with number of pips i was catching... because i thought it was too small. But then i ask myself what is more easyer to catch 2 times 10 pips or 10 times 2 pips. For me it is definately 10 x 2 pips.
Belive me there is always many many opportunities. If you observe 20 pips move you will see that inside this 20 pips move you could sometimes catch 30 to 40 pips with scalping. Yes i know that my broker would get a lot of money with such trading but who cares becuse i will make money too.
For me 1 min scalping is stresless. I know it is strange to hear that but belive me I am hunting three, four pips from a trade and i can get it in much more than 80% of time. Of course if there is a strenght in the market produced from influx or outflux i stay in the trade longer.
I find Moving averages extremly helpful. I use it in same way as choros dance but i like 150 EMA. Why? Read the thread: Another simple system - Time-Frame 15 and observe 10 EMA on 15 min. 10 EMA on15 min is 150 EMA on 1 min. And it works like sime kind of magnet. I also like to see where is price on 1h.
I would like to talk to you about your sistem on 1 min TF. What are you looking for and what do you think about 1 min tf trading.
after years of searching for a system that would be suitable for me i finally find it. It is the 1 min scalping.
Like many others out there I was against the 1 min scalping because i think it was too quick and noisy for me but after reading couple interesting posts from different forum participants (CP, Kostas, FTI... I would like to thank all of them) I slowly build my own view on the market and trading fx.
Why 1 min chart. If we belive in fractals then 1 min trading is the same as hourly, daily, weekly... it is just quicker and you catch smaller amount of pips. At the begining i had problems specialy with number of pips i was catching... because i thought it was too small. But then i ask myself what is more easyer to catch 2 times 10 pips or 10 times 2 pips. For me it is definately 10 x 2 pips.
Belive me there is always many many opportunities. If you observe 20 pips move you will see that inside this 20 pips move you could sometimes catch 30 to 40 pips with scalping. Yes i know that my broker would get a lot of money with such trading but who cares becuse i will make money too.
For me 1 min scalping is stresless. I know it is strange to hear that but belive me I am hunting three, four pips from a trade and i can get it in much more than 80% of time. Of course if there is a strenght in the market produced from influx or outflux i stay in the trade longer.
I find Moving averages extremly helpful. I use it in same way as choros dance but i like 150 EMA. Why? Read the thread: Another simple system - Time-Frame 15 and observe 10 EMA on 15 min. 10 EMA on15 min is 150 EMA on 1 min. And it works like sime kind of magnet. I also like to see where is price on 1h.
I would like to talk to you about your sistem on 1 min TF. What are you looking for and what do you think about 1 min tf trading.