When trading the 1 min time frame it is essential for You to be able to recognize when You have lost Your trading advantage. These are ways that I can tell that I no longer have the advantage that I believed that I did:
If price moves above/below the previous candle even though it may not close there, I don't have the advantage.
A good trade should run in your favor almost immediately !
If you are not in a decent profit in 7-10 mins , then You may want to consider getting out with a tiny profit or at break even, because chances are high that price is going reverse on You.
Wacky MA's- Pay attention to the order of Your MA's, it is very important, they will tell You if You are in a good trade or trade hell. If your moving averages are 1, 2, 3, 4, 5, then they should be in order 5, 4, 3, 2, 1, or 1, 2, 3, 4, 5, not 4, 2, 3, 1, 5.
Lastly a flat 50 period strongly suggest that You may not have the advantage that You thought.
YOU CAN DO THIS (^_^)
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VERY insightful! Thanks!
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