Based on my experience, Heiken Ashi candle can be used for exit strategy, for example, once it change color (which means it shows weakening of current trend) and start to develop candle with only 1 wick, that's your signal to exit trade.

tmostafa007 wrote: Thu Jan 23, 2025 9:55 pm i am fail again to close in the right place

tmostafa007 wrote: Thu Jan 23, 2025 9:55 pm i am fail again to close in the right place

Greed can destroy, why didn't you close when you had more than 1000 points? With such a big move on a 1 minute chart a pullback is very likely. Set yourself rules and stick to them do not count on the market going your way indefinitely it must eventually turn around and you will be left with nothing. Xard has said many times to tear some meat off the bone and get out, there will be many more opportunities. The 1 minute chart is quick, if you want to earn more pips go to a 5 or 15 minute chart

Greg wrote: Fri Jan 24, 2025 12:17 am Greed can destroy, why didn't you close when you had more than 1000 points? With such a big move on a 1 minute chart a pullback is very likely. Set yourself rules and stick to them do not count on the market going your way indefinitely it must eventually turn around and you will be left with nothing. Xard has said many times to tear some meat off the bone and get out, there will be many more opportunities. The 1 minute chart is quick, if you want to earn more pips go to a 5 or 15 minute chart

I already caught the second move, and I did that. thanks bro for your advise it was risky but it's closed with green pips

Hello everyone,

I’ve marked a few points of interest on the attached chart and would really appreciate it if someone could explain them to me.

Additionally, I have a couple of questions regarding trading on the M1 time frame:

Which higher time frame(s) should one focus on when trading on the M1 chart?
What confluences to look for to increase the probability of trades?

Specifically, I was wondering if it’s a good idea to wait for an UP SQUARE and UP ARROW on the M5 chart as confirmation before taking an entry on the M1 chart.
Does anyone have experience with this approach or a similar setup?

Looking forward to your insights!

Today was another prime example at the DAX.
I let the trade run since this morning and the exit was at ADR 61.8.
Marked the points. I think many words are no longer necessary 'SECOND DOT'.
Why I held the trade for so long: The blue dot formed almost at OPEN and the green dot didn't break through the OPEN.

ASK yourself...How many times on a 1-minute chart can you extract value sustainably?

Reflect on this:
Greed is NOT an option. In trading, especially with short-term charts like the 1-minute, the temptation to grab every possible profit can lead to over trading, which often results in losses rather than gains. Greed can cloud judgment, leading to decisions that aren't in your long-term interest.

DON'T JUST TRY TO SURVIVE... THRIVE
TEAR SOME MEAT OFF THE BONE AND MOVE ON.

The aim should be to trade in a way that maintains your capital over time. Sustainable trading involves understanding market rhythms, knowing when to act, and importantly, when to wait. It's about quality over quantity, focusing on trades that have a high probability of success based on your strategy and market analysis.

Do not repeat the BAD stuff. Instead of focusing on past mistakes or aggressive, unsustainable practices, learn from them. Avoid the pitfalls of chasing every small price movement, which can lead to emotional trading and financial depletion.

Repeat the GOOD stuff. Reinforce and repeat the practices that have proven beneficial. This could mean sticking to your trading plan, using disciplined risk management, ensuring each trade aligns with your strategy, and maintaining a mindset focused on long-term growth rather than immediate gains. Celebrate and continue the habits that lead to consistent, if modest, returns.

By shifting your focus to sustainable practices, you cultivate a trading approach that not only survives but thrives over time, turning the 1-minute chart into a tool for thoughtful, strategic decision-making rather than a battleground for quick, often regretted, gains.
Best,
Xard777

mazibee wrote: Fri Jan 24, 2025 2:51 am Hello everyone,

I’ve marked a few points of interest on the attached chart and would really appreciate it if someone could explain them to me.

Additionally, I have a couple of questions regarding trading on the M1 time frame:

Which higher time frame(s) should one focus on when trading on the M1 chart?
What confluences to look for to increase the probability of trades?

Specifically, I was wondering if it’s a good idea to wait for an UP SQUARE and UP ARROW on the M5 chart as confirmation before taking an entry on the M1 chart.
Does anyone have experience with this approach or a similar setup?

Looking forward to your insights!

Hello mazibee,

I make a various points, and this is my mind think at this moment, and i hope you understand. Depend in various factors:
1. It all depends on your day-to-day life, whether you have hectic days or quieter ones;
2. If at this moment you are not comfortable with all rules and M1 is stress, try with a higher timeframe (ex: M15 or M5);
3. Why did I choose M1?
4. Resume the confirmation with higher timeframes;

Explanation
1. If you have quieter days at lower timeframes, it's a good alternative because you can follow the entire evolution of your trend. It has some advantages because it allows you to gain confidence and develop unique skills when making entry decisions and managing your orders. Now, if you have higher timeframes, it allows you to reconcile with your day-to-day routine and focus on the key levels and then make decisions accordingly.

2. The good part, and you can see in previous posts how I got to M1, is that it's very important to completely master your cognitive abilities, a good place to start is M15 and then when you're capable enough you'll go down to M5 and the same thing, but the time it took you to reach perfection in M15 doubles the study time for M5 and only after you're comfortable with both, yes then move on to M1. Interesting challenge, what do you think?

3. I choose it, and I understand sometimes is hard to understand the logic, h this timeframe, but for me it has the particularity of being able to focus on everything in detail and understand what's going on very quickly when making decisions, i.e. not projecting the price but following it until it reaches the different levels and the further back the better. So I decided to just focus on what's in front of us and look in detail at all the elements. And many times my positions start in Asia Session, or at end of day in end of session of NY, like now.

4. Talking about my day-to-day life. I've tried this approach of comparing with higher timeframes, but unfortunately it wasn't at the level I was looking for, so the only way is feel the trend in that precise moment, and M1 is wonderful.

Skyold wrote: Fri Jan 24, 2025 3:46 am Today was another prime example at the DAX.
I let the trade run since this morning and the exit was at ADR 61.8.
Marked the points. I think many words are no longer necessary 'SECOND DOT'.
Why I held the trade for so long: The blue dot formed almost at OPEN and the green dot didn't break through the OPEN.


Screenshot (15).png

Hello Skyold,

Super awesome, simple and efficient rules.

I love, Thank you for sharing with us.

Curioso wrote: Fri Jan 24, 2025 7:58 am Hello mazibee,

I make a various points, and this is my mind think at this moment, and i hope you understand. Depend in various factors:
1. It all depends on your day-to-day life, whether you have hectic days or quieter ones;
2. If at this moment you are not comfortable with all rules and M1 is stress, try with a higher timeframe (ex: M15 or M5);
3. Why did I choose M1?
4. Resume the confirmation with higher timeframes;

Explanation
1. If you have quieter days at lower timeframes, it's a good alternative because you can follow the entire evolution of your trend. It has some advantages because it allows you to gain confidence and develop unique skills when making entry decisions and managing your orders. Now, if you have higher timeframes, it allows you to reconcile with your day-to-day routine and focus on the key levels and then make decisions accordingly.

2. The good part, and you can see in previous posts how I got to M1, is that it's very important to completely master your cognitive abilities, a good place to start is M15 and then when you're capable enough you'll go down to M5 and the same thing, but the time it took you to reach perfection in M15 doubles the study time for M5 and only after you're comfortable with both, yes then move on to M1. Interesting challenge, what do you think?

3. I choose it, and I understand sometimes is hard to understand the logic, h this timeframe, but for me it has the particularity of being able to focus on everything in detail and understand what's going on very quickly when making decisions, i.e. not projecting the price but following it until it reaches the different levels and the further back the better. So I decided to just focus on what's in front of us and look in detail at all the elements. And many times my positions start in Asia Session, or at end of day in end of session of NY, like now.

4. Talking about my day-to-day life. I've tried this approach of comparing with higher timeframes, but unfortunately it wasn't at the level I was looking for, so the only way is feel the trend in that precise moment, and M1 is wonderful.

Dear Master Curioso/ Senior/ Experienced Members,

Thank you for taking the time, I truly appreciate your detailed explanation.

Personally, I enjoy trading on the M5 and M15 time frames as they provide a bit more breathing space to analyse setups without the relentless pace of M1. However, I must admit that the quick results of M1 are quite appealing, and this has inclined me to explore it further, even though I’m fully aware it could lead to a disaster.

My main challenge is find the balance in my trading with a full-time job. I work Monday to Friday, 08:00 to 17:00 GMT, which unfortunately means I miss the UK session and most of the US session. This makes it tricky to follow higher time frames (HTFs), as they often require more patience and waiting for setups to develop.

One idea I’ve been considering is to use the M5/M15 chart as a confirmation tool when trading M1. Specifically, I was wondering if it might be a good strategy to wait for an UP SQUARE and UP ARROW signal on the M5 chart before taking an entry on M1.

Has anyone here tried a similar multi-time-frame confluence approach? I’d love to hear how they manage it, especially if in a similar situation, juggling trading with a day job.

Looking forward to your thoughts and experiences.

Hello mazibee,

From the questions in your screenshot, it seems you might not fully grasp the core of this trading strategy. I could try answering all your questions, but I think it might only add to the confusion. Instead, I strongly recommend clicking the link below and actively following the steps outlined in its content—it’s a challenge post that will help you understand the strategy much better.

post1295556131.html#p1295556131

mazibee wrote: Fri Jan 24, 2025 2:51 am Hello everyone,

I’ve marked a few points of interest on the attached chart and would really appreciate it if someone could explain them to me.

Looking forward to your insights!