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"Xenon" System, trading with 1min Chart.
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Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Apr 06 2012 at 10:05
may be, but on 1 min they are not as reliable and it happens really fast. i do not like how 1 min charts look recently. far cry from say 2008-2009.
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Miembro desde Mar 01, 2012 173 mensajes
Steve Walker (xenon)
Apr 06 2012 at 10:06
today US holiday. average bar drop to 2.5 PIP from 8.0 PIP. average tick count is < 20tick/Bar. no trade today and on Monday. due EU will be closed on Monday. extended weekend.
Trade The Trend, Defend To Price. |
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Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Apr 06 2012 at 10:07
(editado a las Apr 06 2012 at 10:08 )
I like long weekends ;)
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Miembro desde Mar 01, 2012 173 mensajes
Steve Walker (xenon)
Apr 06 2012 at 10:08
Chikot
believe it or not. all time frames has same noise. it is the calculation of risk/reward when choosing time frame. Chikot posted: may be, but on 1 min they are not as reliable and it happens really fast. i do not like how 1 min charts look recently. far cry from say 2008-2009. Trade The Trend, Defend To Price. |
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Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Apr 06 2012 at 10:10
Steve, obviously noise is not same. check e/j, e/u and g/u for example. those were excellent shorting opportunities.
the problem it took so long to wait for those trades to come. |
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Miembro desde Mar 01, 2012 173 mensajes
Steve Walker (xenon)
Apr 06 2012 at 10:12
the reason I stop trading with with 1min is the cost.
when/if cost > profit it is meaningless. So as I had planned I switch to 5 min and reduce the cost. when trading with 1 min cost was around 20x of profit. with 5 min now it changed to 1x. means equal. cost = spread+comission walker have look at that http://www.myfxbook.com/members/xenon/xenon/279813 Trade The Trend, Defend To Price. |
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Miembro desde Mar 01, 2012 173 mensajes
Steve Walker (xenon)
Apr 06 2012 at 10:13
Chikot
noise is relatively the same. no difference. believe me. it is the calculation of Risk/Reward. Chikot posted: Steve, obviously noise is not same. check e/j, e/u and g/u for example. those were excellent shorting opportunities. the problem it took so long to wait for those trades to come. Trade The Trend, Defend To Price. |
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Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Apr 06 2012 at 10:16
R:R is important of course. but you forget about mental capital. I personally can day trade but would love to move away from it. stressful and takes lot of screen time. I am very active by nature hence I have been day trading.
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Miembro desde Mar 01, 2012 173 mensajes
Steve Walker (xenon)
Apr 06 2012 at 10:19
patterns are the same.
look at the tripple bottom at tick chart. happened 2 min ago. it does not matter if it is a tick chart or daily chart. reactions the same  Adjuntos:
Trade The Trend, Defend To Price. |
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Miembro desde Jan 14, 2010 2186 mensajes
Chikot
Apr 06 2012 at 10:22
The ultimate goal is to make money. The less efforts required the better and day trading is very high effort. i would love to move to swing trading. The ingredient that should be improved is patience cause I am experienced enough to know what to look for.
Reading watching now. My wife's exam is in the beginning of June and no screen time for me but at nights. Then I am trading 1 month demo and since July I will be live with myfxbook connected. I want to start swinging then. BTW, Xenon, have you tried to swing trade? |
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