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teevers

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Everything posted by teevers

  1. Hi, Enjoyed your thread. I only post on forums once every few years but thought I'd write a couple of my observations. Given the current low volatility it appears that 1 minute charts are chopping you out for lots of small losses which will probably add up quickly if a trend day doesn't come soon. A scratch on 1 minute charts costs a hell of a lot more than a scratch on an hourly+ chart, due to spreads/comms, and the fact that your average win on 1 minute charts will have to be much larger on a relative scale than on hourly+ charts to cover the costs of each scratch. Perhaps entering in the trough of the first retracement after the demand line breaks is a bit too arbitrary given that 1 minute charts are extra choppy. Maybe wait for the extreme of the retracement to break out a few ticks before entering, which might cost a few ticks compared to the trough entry, but gives extra confirmation and avoids your entry's first possible point of resistance, at the high of the retracement. You could also add a filter that the extreme of your entry retracement, after the demand line breaks, must also have taken out the last swing point from which the demand line formed. This again removes another possible point of resistance after your entry and all it costs to wait for this extra trade filter is time. Keep up the good work
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