Guys, a question, when you operate on the 1-minute timeframe, which moving average is the most suitable for knowing the trend at that time frame? EMA 200 seems to delay the perception of a trend change too much... Or is it really the most appropriate? I'm trying to adapt to these smaller graphic times...
Thanks again very much!

crvic wrote: Thu Mar 14, 2024 11:57 pm ...which moving average is the most suitable for knowing the trend...

depends on which trend (i. e. bias on which TF) you are interested in, really:
most people will say: choose one that is somewhere between 4-6x your trading TF
Personally I disagree, though:
for me 60 is very helpful (emulates 1 hour)
But if you want to swing-trade (240 or 1440 will be better)
But Meyney is somewhat of a sprecialist in the 1 min. area...

josi wrote: Fri Mar 15, 2024 12:07 am depends on which trend (i. e. bias on which TF) you are interested in, really:
most people will say: choose one that is somewhere between 4-6x your trading TF
Personally I disagree, though:
for me 60 is very helpful (emulates 1 hour)
But if you want to swing-trade (240 or 1440 will be better)
But Meyney is somewhat of a sprecialist in the 1 min. area...

Thanks friend !

crvic wrote: Thu Mar 14, 2024 11:57 pm Guys, a question, when you operate on the 1-minute timeframe, which moving average is the most suitable for knowing the trend at that time frame? EMA 200 seems to delay the perception of a trend change too much... Or is it really the most appropriate? I'm trying to adapt to these smaller graphic times...
Thanks again very much!

If you really want to trade the 1 minute timeframe's "trend" you'll need a laggy moving average to help filter out the noise

• Longer moving averages suit smaller timeframes ie. 100 EMA & 200 EMA (more drawn out to cushion noise)
• Shorter moving averages suit higher timeframes ie. 13 EMA & 34 EMA (faster reacting)

Shorter moving averages suit higher timeframes like the 4 hour and Daily as those charts have already filtered out most of the noise and will give you better signals even when using a less laggy moving average setting.

This is why technical indicators always look best on the Daily, Weekly (and above) charts because price movement is way more accurate on those big timeframes.

The lower the timeframe, the less accurate representation of the market it is. It's just a fact.

PS: One of the most laggy but accurate moving average indicators for lower timeframe trading is the ADXvma. Try it on the 1 minute chart using the default settings. If you need to increase the periods it's good practice to use Fibonacci numbers for your inputs ie. 13, 21, 34, 55, 89 etc.

ChuChu Rocket wrote: Fri Mar 15, 2024 7:38 pm If you really want to trade the 1 minute timeframe's "trend" you'll need a laggy moving average to help filter out the noise

• Longer moving averages suit smaller timeframes ie. 100 EMA & 200 EMA (more drawn out to cushion noise)
• Shorter moving averages suit higher timeframes ie. 13 EMA & 34 EMA (faster reacting)

Shorter moving averages suit higher timeframes like the 4 hour and Daily as those charts have already filtered out most of the noise and will give you better signals even when using a less laggy moving average setting.

This is why technical indicators always look best on the Daily, Weekly (and above) charts because price movement is way more accurate on those big timeframes.

The lower the timeframe, the less accurate representation of the market it is. It's just a fact.

PS: One of the most laggy but accurate moving average indicators for lower timeframe trading is the ADXvma. Try it on the 1 minute chart using the default settings. If you need to increase the periods it's good practice to use Fibonacci numbers for your inputs ie. 13, 21, 34, 55, 89 etc.

Thanks friend, very enlightening.
I really didn't know that shorter timeframes combined with "laggy" ma's.
I will test this moving average and see the result.

crvic wrote: Sat Mar 16, 2024 1:21 am Thanks friend, very enlightening.
I really didn't know that shorter timeframes combined with "laggy" ma's.
I will test this moving average and see the result.

We are here for you man! It's really good to see you keen on understanding things better. It's a bit tricky at the start but an example why higher timeframe charts are a more accurate representation of the market is If you were to look at a 4 Hour candlestick, you're actually looking at what four, 1 Hour candlesticks did (until they each Closed).

Here's what I mean below. Here is a big 4 Hour Candlestick and what happened on a 1 Hour chart in order to build that 4 Hour chart's big Candlestick:

ChuChu Rocket wrote: Sat Mar 16, 2024 6:20 pm We are here for you man! It's really good to see you keen on understanding things better. It's a bit tricky at the start but an example why higher timeframe charts are a more accurate representation of the market is If you were to look at a 4 Hour candlestick, you're actually looking at what four, 1 Hour candlesticks did (until they each Closed).

Here's what I mean below. Here is a big 4 Hour Candlestick and what happened on a 1 Hour chart in order to build that 4 Hour chart's big Candlestick:
Price Movement within a single Candlestick - Timeframe Correlation.jpg

Hey ChuChu, I was testing the indicator you recommended above and it really is very good for hitting the trend! Thank you very much indeed for the valuable tip! Now I have to find an effective way to exit the trade, maybe with Fibonacci as you suggested or another way that works... It's helping me a lot friend!

crvic wrote: Sun Mar 17, 2024 3:48 am Hey ChuChu, I was testing the indicator you recommended above and it really is very good for hitting the trend! Thank you very much indeed for the valuable tip! Now I have to find an effective way to exit the trade, maybe with Fibonacci as you suggested or another way that works... It's helping me a lot friend!

Nice to hear this.

I'd like to add to the topic too. When starting out it can be hard figuring out when to exit positions in profit. To help, an easy profit "Exit Strategy" to start with is by scalping for 10 pips twice per day for 100 pips per week.

Try these rules:

• Trade only during the US session.
• Make 20 pips per day doing two trades with a profit target 10 pips each trade.
• Once you make your 20 pips for the day, close your platform(s) and don't look at the charts again until the next day.
• Do this every day. Once you gain 100 pips, don't trade anymore for the week.

Focus on meeting this target for 3 months and don't be tempted to trade more.

As our moderator Xard says: No need to be greedy, just take some meat off the bone. (Pic from my old post on scalping).

Jimmy wrote: Sun Mar 17, 2024 5:28 pm
Nice to hear this.

I'd like to add to the topic too. When starting out it can be hard figuring out when to exit positions in profit. To help, an easy profit "Exit Strategy" to start with is by scalping for 10 pips twice per day for 100 pips per week.

Try these rules:

• Trade only during the US session.
• Make 20 pips per day doing two trades with a profit target 10 pips each trade.
• Once you make your 20 pips for the day, close your platform(s) and don't look at the charts again until the next day.
• Do this every day. Once you gain 100 pips, don't trade anymore for the week.

Focus on meeting this target for 3 months and don't be tempted to trade more.

As our moderator Xard says: No need to be greedy, just take some meat off the bone.

20 pips per day - Forex Beginner guide.jpg

(Pic from my old post on scalping).

Hey Jimmy, thanks for the advice, I've noticed that if we spend too much time looking at the screen we end up finding entries that don't exist lol

crvic wrote: Sun Mar 17, 2024 5:40 pm Hey Jimmy, thanks for the advice, I've noticed that if we spend too much time looking at the screen we end up finding entries that don't exist lol

Yep that's when you get tempted especially if you're on a winning streak.

The worst is opening a chart and seeing entries during the quiet Asian session on a Monday