1 MinDaily
In my very own honest opinion... I think that the 1 Minute Daily is good for Long Term use, I like to make money everyday, which is what I do. I don't experience much drawdown, however, I tried 1 Min Daily just to add a breakout strategy to my arsenal and the drawdown was a turn off.
As for my Long Term strategy, I just use simple price action, which is what I was doing prior to using 1MD. Price Action won't get you into a lot of positions, however, the positions that they provide are damn near 100%.
I employed scalping to my trading because it is something that I've always wanted to do in stocks, so I decided that I can do it in Forex without the $25,000 margin required in Stocks Scalping is fun and it fits my personality, I'm a high stakes type of guy and an adrenaline junkie, an ex collegiate athlete, go figure.
I realized that those false breakouts using the 1MD was due to S/R areas that have been tested a numerous of times, which make them even stronger. The developers of the London Breakout don't even go for pips equal to the Asian Range, they take profit at S/R areas.
Thanks MOB for this
I use the OneminDaily as a sort of backburner system that after rigorous backtesting I know will slowly make pips - There are not many months that I lose pips , but I use various Currency pairs with low spreads , not just the recommended ones - Something where I dont need to analyse or if I am in a rush
And also I needed a good strategy , which I believe you have provided for trading during other times and when I have time
What do you think of the one min daily system ??
In my very own honest opinion... I think that the 1 Minute Daily is good for Long Term use, I like to make money everyday, which is what I do. I don't experience much drawdown, however, I tried 1 Min Daily just to add a breakout strategy to my arsenal and the drawdown was a turn off.
As for my Long Term strategy, I just use simple price action, which is what I was doing prior to using 1MD. Price Action won't get you into a lot of positions, however, the positions that they provide are damn near 100%.
I employed scalping to my trading because it is something that I've always wanted to do in stocks, so I decided that I can do it in Forex without the $25,000 margin required in Stocks Scalping is fun and it fits my personality, I'm a high stakes type of guy and an adrenaline junkie, an ex collegiate athlete, go figure.
I realized that those false breakouts using the 1MD was due to S/R areas that have been tested a numerous of times, which make them even stronger. The developers of the London Breakout don't even go for pips equal to the Asian Range, they take profit at S/R areas.