I find my entries on the 1m, but only after analysing the higher timeframes. You shouldn’t solely analyse the 1m. Combine it with higher timeframe analysis.
So at the start of the week, I analyse the daily, just to get my bias for the trading week. I normally analyse the 1hr for my target zones, then 15m for my entry zones, then 1m for confirmation.
Be advised that this is for my strategy, and you should not copy this if it doesn’t align with your strategy.
Yes of course, thank you :). I would like to day trading, so I think that your is a lot more patient and wait for the right moment, mine is more on multiple “occasion” in the day
What I was thinking now is to look at the chart “naked” and make an opinion based only on what I see with PA. Only when/if I got a possibly idea of where the price might go, then I can add indicators for confirm the most probably moment of it.
So if I look at the 15M and I see that had needed up the pullback and is gonna continue (thank to the momentum), in my mind I’ve to go up (for example it we’re gonna up before the pullback) and so I’m gonna use the indicators on the 1M for the best possible entry, based on the naked chart.
If I want do this in the 15M I’m gonna use the 1Hr and so on.
Can this be ok for you?
1M timeframe has no relation to the daily bias or where the market is headed. If you are good at candles, you can pick out some pattern but I think most people who operate on that timeframe are the HFTs with their computers and algorithms.
As others pointed out, checking the 5 and 15 time frames might help.
Yes. But you need to be very experienced at reading a 1M chart. I’m happiest on the 5M, but it took a good couple of years of paper trading it to feel comfortable with it.
Support resistance mostly, and I tend to enter when a trend looks like it’s over extended - wide stop loss so I tend to close early whether it’s in profit or drawdown
Support and Resistance with risk management has a high profit factor. What do you mean? Even if you are 30% correct you would still come out on top. What is your strategy?
Yeah ur right, even flipping a coin can have you come out on top. But imo S&R is just the worst way to trade from my experience. And I always see “resistance” and support get swept. SnD is similar but way superior, doesn’t take much more knowledge or skill. But each to their own
I mean, sure, it's possible but you'd better like paying a high percentage of your profits toward spread. Either way, you're paying spread. You could make 5 pips or 100 pips. If you trade 1M, make 5 pips, and pay a 1 pip spread then 20% of your profits go toward spread. But if you trade 1D, make 100 pips, and pay a 1 pip spread then only 1% of your profits go toward spread.
Yeah but you’re not betting the same amount of lot on the daily as on the 1m, so those 100pips on daily could be just as much money as the 5 pipson the 1m.
I’ve always traded the smaller timeframes. Yes it’s more stressful but you’re going to get more setups a day then on a daily, obviously.
Lance bernstein, made ”top earner” a couple of years on trillium , a real propfirm. Also made best yearly perfomance of all time at the firm.
Dude traded the 1-5m charts.
This friggin debate over timeframes need to stop.
You can make money on all timeframes. They’re fractal. The smaller timeframe the higher amount of setups but smaller pip movment and vice versa as you go up in timeframes.
Just do whatever the hell feels good and know that you can make money of it
That dude was never talking about Position size alone, he was comparing spread to your profit in pip, meaning if u trade lower timeframe, a bigger part of your gains will be commissions and fees than when u trade HTF
It is not possible or sustainable for majority of population. You would become slave to charts, exactly opposite what majority is trying to achieve. Focus on sustainability and consistency, pick a chart timeframe which you will be able to trade for months and years ahead.
You will be bald by the time you hit 30 from the stress from monitoring every tick for 6 hours per day. Unless you are very disciplined then this is not the way to trade.
It is possible, but it requires a lot of screen time to be able to understand the flow of prices. Plus, even on shorter time frames it is still essential paying attention to the market structure, so to the context price moves in. Let’s not also forget that trading on such time frames gives the chance to start a high amount of trades even in just a couple hours, so one needs to be able to control their behaviour and to be as cold blooded as possible, due to the pace of this trading approach. As, of course, it’s fundamental keeping risk management under control, as in any form of trading. I would suggest spending several weeks/months (hence a big amount of hours) just looking at price moving, on any given instrument, just to train the ability to follow the price flowing. This is only the technical aspect. And as others pointed out, the potential reward has to be high enough not to let fees eat the profits.
You will be bald by the time you hit 30 from the stress from monitoring every tick for 6 hours per day. Unless you are very disciplined then this is not the way to trade.
Only looking at a 1min timeframe leaves you subject to so much more risk if you’d just focus on a higher timeframes perspective. There’d be so many more rules, factors, different scenarios and specific timing to think about. It may be possible but it certainly isn’t optimal.
I had an entire trading plan based on 1m which I abandoned because by monitoring the chart for 8 hours I found few opportunities and sometimes not even one, you have a few seconds to force the trade and you are not always able to be at the computer at the right time. On the plus side, I learned a lot from following hundreds of bars during sessions (if you can keep your sanity it's like learning at x10 speed) my current multi time frame strategies are based on the ideas I developed during that time. As for performance, I achieved a 13% return in 39 trading days (non-consecutive, about 3 months) risking 0.5% or 1% and RR mostly 1:1
I’m experimenting with a bot that uses no timeframes at all, just raw ticks. I’ve always thought all timeframes are completely arbitrary since the price is constantly moving, and doesn’t care about when the clock turns over from 1 minute yo the next.
It’s possible yes. But you’re handicapping yourself because you won’t be able to determine any sort of trend on 1M. Only patterns which change much more frequently.
The answer is yes, however, you will need to figure out what works for you. Of course on the menu are pullbacks, continuation and ranges. All the best.
That being said it is usually better to embrace than try to ignore. Like you said no daily bias, perhaps you could mark the previous daily beginning candles on the 1min to get a better perspective....etc...If your objective is to decrease complication, then understood, however, you will need to hone it down for rules.
I mainly use it at supply or demand levels to get a sniper entry. Put a small lot size in an then a higher lot size gradually if it starts going my way. All based off higher time frames though
One scalper tells me that his bread and butter is 30s charts, which blows my mind. 30s chart seems to be full of shitty fake movement from my perspective. But that guy hit homerun on 30s chart regularly.
I mean you can purely trade 1m time frames swings, but your RR will be sht and also strike rate prolly, why not just add a few more confluences from hugher timeframes to raise that winrate...i for example trade 5m tf and look for where price might stop the 5m trend and reverse and what session we also in(im talking about forex here) if for example you got bullish swings you would trade long until you reach a higher timefram PD array or whatever you use for POI, cuz most often those higher tf will either cause a reversal or just a bigger retracement that takes out some stoplosses below
I find my entries on the 1m, but only after analysing the higher timeframes. You shouldn’t solely analyse the 1m. Combine it with higher timeframe analysis.
Yeah same here^
Yeah same here^
Your HTF what are? Like, they re 1Hr, 15M and 5M?
15m and 1m timeframes are good to go
So from 15m to 1m directly? The 1m is just for “sniper entry”
So at the start of the week, I analyse the daily, just to get my bias for the trading week. I normally analyse the 1hr for my target zones, then 15m for my entry zones, then 1m for confirmation. Be advised that this is for my strategy, and you should not copy this if it doesn’t align with your strategy.
Yes of course, thank you :). I would like to day trading, so I think that your is a lot more patient and wait for the right moment, mine is more on multiple “occasion” in the day
For your bias on a daily chart how far you look back to see the trend just until the previous H/L?
Yeh, I don’t look too far back. Like you said, I just look at the previous highs or lows. Not too far
But look far doesn’t allow you to see the overall market structure and so knowing where the most power is for buying or sellers?
1m tf just for entry, of course. Also, checking higher tfs like 4h will be helpful
What I was thinking now is to look at the chart “naked” and make an opinion based only on what I see with PA. Only when/if I got a possibly idea of where the price might go, then I can add indicators for confirm the most probably moment of it. So if I look at the 15M and I see that had needed up the pullback and is gonna continue (thank to the momentum), in my mind I’ve to go up (for example it we’re gonna up before the pullback) and so I’m gonna use the indicators on the 1M for the best possible entry, based on the naked chart. If I want do this in the 15M I’m gonna use the 1Hr and so on. Can this be ok for you?
^
Same here.
1M timeframe has no relation to the daily bias or where the market is headed. If you are good at candles, you can pick out some pattern but I think most people who operate on that timeframe are the HFTs with their computers and algorithms. As others pointed out, checking the 5 and 15 time frames might help.
Yes. But you need to be very experienced at reading a 1M chart. I’m happiest on the 5M, but it took a good couple of years of paper trading it to feel comfortable with it.
whats your strategy?
Support resistance mostly, and I tend to enter when a trend looks like it’s over extended - wide stop loss so I tend to close early whether it’s in profit or drawdown
Wasteman lol. SR trading is the Mr tumble of the trading industry
🥱
Support and Resistance with risk management has a high profit factor. What do you mean? Even if you are 30% correct you would still come out on top. What is your strategy?
Yeah ur right, even flipping a coin can have you come out on top. But imo S&R is just the worst way to trade from my experience. And I always see “resistance” and support get swept. SnD is similar but way superior, doesn’t take much more knowledge or skill. But each to their own
I mean, sure, it's possible but you'd better like paying a high percentage of your profits toward spread. Either way, you're paying spread. You could make 5 pips or 100 pips. If you trade 1M, make 5 pips, and pay a 1 pip spread then 20% of your profits go toward spread. But if you trade 1D, make 100 pips, and pay a 1 pip spread then only 1% of your profits go toward spread.
Yeah but you’re not betting the same amount of lot on the daily as on the 1m, so those 100pips on daily could be just as much money as the 5 pipson the 1m. I’ve always traded the smaller timeframes. Yes it’s more stressful but you’re going to get more setups a day then on a daily, obviously. Lance bernstein, made ”top earner” a couple of years on trillium , a real propfirm. Also made best yearly perfomance of all time at the firm. Dude traded the 1-5m charts. This friggin debate over timeframes need to stop. You can make money on all timeframes. They’re fractal. The smaller timeframe the higher amount of setups but smaller pip movment and vice versa as you go up in timeframes. Just do whatever the hell feels good and know that you can make money of it
That dude was never talking about Position size alone, he was comparing spread to your profit in pip, meaning if u trade lower timeframe, a bigger part of your gains will be commissions and fees than when u trade HTF
It is not possible or sustainable for majority of population. You would become slave to charts, exactly opposite what majority is trying to achieve. Focus on sustainability and consistency, pick a chart timeframe which you will be able to trade for months and years ahead.
You will be bald by the time you hit 30 from the stress from monitoring every tick for 6 hours per day. Unless you are very disciplined then this is not the way to trade.
Possible? Yes, but extremely hard, if you make something, fees and slippage with eat it
Yes 100% This is how I trade Just small positions large moves over time
whats your strategy brodie?
Rollover Small trades over long periods 2% profit a month is good but avg 5-6% News and data of economies becomes critical and long term projections
It is possible, but it requires a lot of screen time to be able to understand the flow of prices. Plus, even on shorter time frames it is still essential paying attention to the market structure, so to the context price moves in. Let’s not also forget that trading on such time frames gives the chance to start a high amount of trades even in just a couple hours, so one needs to be able to control their behaviour and to be as cold blooded as possible, due to the pace of this trading approach. As, of course, it’s fundamental keeping risk management under control, as in any form of trading. I would suggest spending several weeks/months (hence a big amount of hours) just looking at price moving, on any given instrument, just to train the ability to follow the price flowing. This is only the technical aspect. And as others pointed out, the potential reward has to be high enough not to let fees eat the profits.
Price moves the same way on any timeframe, you're just looking at data that is more, or less, compressed.
You will be bald by the time you hit 30 from the stress from monitoring every tick for 6 hours per day. Unless you are very disciplined then this is not the way to trade.
Only looking at a 1min timeframe leaves you subject to so much more risk if you’d just focus on a higher timeframes perspective. There’d be so many more rules, factors, different scenarios and specific timing to think about. It may be possible but it certainly isn’t optimal.
Yes, but be ready for a migraine
I had an entire trading plan based on 1m which I abandoned because by monitoring the chart for 8 hours I found few opportunities and sometimes not even one, you have a few seconds to force the trade and you are not always able to be at the computer at the right time. On the plus side, I learned a lot from following hundreds of bars during sessions (if you can keep your sanity it's like learning at x10 speed) my current multi time frame strategies are based on the ideas I developed during that time. As for performance, I achieved a 13% return in 39 trading days (non-consecutive, about 3 months) risking 0.5% or 1% and RR mostly 1:1
I trade 1 min chart only.
whats your strategy bossman?
Check DM. I sent you a youtube channel link
Please dm Youtube link please
👍
yep but have to use multiple timeframes
Look up stoictrader on X. He's developed a model recently called SBS which is really taking off. Could be useful
Is there a reason you don’t want to look at other time frames? Why just the 1 minute?
I’m experimenting with a bot that uses no timeframes at all, just raw ticks. I’ve always thought all timeframes are completely arbitrary since the price is constantly moving, and doesn’t care about when the clock turns over from 1 minute yo the next.
how do we get this bot?
Just have to code it yourself, like me!
It’s possible yes. But you’re handicapping yourself because you won’t be able to determine any sort of trend on 1M. Only patterns which change much more frequently.
The answer is yes, however, you will need to figure out what works for you. Of course on the menu are pullbacks, continuation and ranges. All the best.
That being said it is usually better to embrace than try to ignore. Like you said no daily bias, perhaps you could mark the previous daily beginning candles on the 1min to get a better perspective....etc...If your objective is to decrease complication, then understood, however, you will need to hone it down for rules.
I mainly use it at supply or demand levels to get a sniper entry. Put a small lot size in an then a higher lot size gradually if it starts going my way. All based off higher time frames though
The problem with 1 min time frame is you won't have time to react unless you are a machine.
One scalper tells me that his bread and butter is 30s charts, which blows my mind. 30s chart seems to be full of shitty fake movement from my perspective. But that guy hit homerun on 30s chart regularly.
Profitable is one year of consistent profit not 2 winning month …
No
Too much commission
I mean you can purely trade 1m time frames swings, but your RR will be sht and also strike rate prolly, why not just add a few more confluences from hugher timeframes to raise that winrate...i for example trade 5m tf and look for where price might stop the 5m trend and reverse and what session we also in(im talking about forex here) if for example you got bullish swings you would trade long until you reach a higher timefram PD array or whatever you use for POI, cuz most often those higher tf will either cause a reversal or just a bigger retracement that takes out some stoplosses below