π¨ Trading on the One Minute Timeframe will:
β’ mess with your psychology
β’ reduce your win rate to below 25%
β’ lead to unnecessary & back-to-back losses
....if not done properly.
Here are 3 simple steps to maintain a high win-rate on the M1 Timeframe.
A short thread 𧡠πͺ‘
β’ mess with your psychology
β’ reduce your win rate to below 25%
β’ lead to unnecessary & back-to-back losses
....if not done properly.
Here are 3 simple steps to maintain a high win-rate on the M1 Timeframe.
A short thread 𧡠πͺ‘
A quick question before we proceed:
do you also cringe like I do when I see mentors/tutors telling their students to avoid the M1 timeframe instead of teaching them how to do it?
Yes it can be full of noise, but does that make it un-tradable?
NO!!
Here's what to do insteadπ
do you also cringe like I do when I see mentors/tutors telling their students to avoid the M1 timeframe instead of teaching them how to do it?
Yes it can be full of noise, but does that make it un-tradable?
NO!!
Here's what to do insteadπ
When you have a POI (point of interest) on the M15 for example, don't just jump straight down to the M1 β
Stay on the M15 and wait until price reaches that zone first, before you then drop down to M1 and look for your confirmations..
But why is this so important?
Stay on the M15 and wait until price reaches that zone first, before you then drop down to M1 and look for your confirmations..
But why is this so important?
Many times price will give reversal signal (CHoCH, FLIP or anything in between) before reaching your POI.
And when you see it you're very likely to FOMO into the trade.
But 73% of the time, price will smash your SL and will react from your initial POI.
Example π (zoom in)
And when you see it you're very likely to FOMO into the trade.
But 73% of the time, price will smash your SL and will react from your initial POI.
Example π (zoom in)
Also, you're likely not to execute the second trade when it eventually hits your POI..
Because the initial loss 'could' have affected your psychology and cause you to hesitate,
And that's how you not only miss out on the big winner, but also took an unnecessary loss.
Sad!
Because the initial loss 'could' have affected your psychology and cause you to hesitate,
And that's how you not only miss out on the big winner, but also took an unnecessary loss.
Sad!
Don't get me wrong...
Price does not have to reach your POI before reversing, it could give that M1 signal and actually go from there.
But so what?
You miss the trade and wait for another one
Price does not have to reach your POI before reversing, it could give that M1 signal and actually go from there.
But so what?
You miss the trade and wait for another one
You're better off missing those ones that didn't get to your POI.
Because wanting to catch every move is more like trying to catch a falling (hot) knife.
Your psychology will get so fu*ked from back-to-back loss, and leave you with zero confidence to execute the next trade.
Because wanting to catch every move is more like trying to catch a falling (hot) knife.
Your psychology will get so fu*ked from back-to-back loss, and leave you with zero confidence to execute the next trade.
You must accept the fact that:
β’ price will not always get to you zone
β’ and you don't have to catch every price movement
This will help you remain calm and focused on catching only high probability moves - from your high timeframe POIs.
β’ price will not always get to you zone
β’ and you don't have to catch every price movement
This will help you remain calm and focused on catching only high probability moves - from your high timeframe POIs.
In summary, always:
β’ pick your zones from higher tineframes
β’ set alerts to be notified when price gets there
β’ drop lower and look for entry confirmations - only when price has mitigated your HTF zone.
That way you'll maintain a high win-rate plus healthy psychology.
β’ pick your zones from higher tineframes
β’ set alerts to be notified when price gets there
β’ drop lower and look for entry confirmations - only when price has mitigated your HTF zone.
That way you'll maintain a high win-rate plus healthy psychology.
And that's a wrap!
If this made an atom of sense to you:
1. Consider following the nerd who made it happen (@dnatechbro)
2. Like & Retweet this so that other traders will learn
3. Don't just learn, implement and get better.
Cheers π₯
If this made an atom of sense to you:
1. Consider following the nerd who made it happen (@dnatechbro)
2. Like & Retweet this so that other traders will learn
3. Don't just learn, implement and get better.
Cheers π₯
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