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Trading is as simple as 1-2-3

  • #4,261
  • Jul 26, 2017 2:35pm Jul 26, 2017 2:35pm
My plays from earlier...

F40
Double entry. Both straightforward.
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AC
I guess the play of the day for me. I used a counter-entry on the new high that was made in the middle of the day (and took the short) and then re-entered in the direction of the original entry (long).
I should say that this is not a technique put forward by TS to use with 1-2-3 but an extension to techniques I use on other methods elsewhere. There would be nothing wrong with closing the original trade at that point and bagging what you have.
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GA
Another trade which perfectly illustrates the benefits of locking in the 80/90% at +5 and letting the rest run.
Again, I used a twist from my own box by adding to the position as price bounced from the supply zone and bagging extra pips on the run.
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  • #4,262
  • Jul 27, 2017 4:32am Jul 27, 2017 4:32am
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Been a slow grind this morning managed +5 on GU
  • #4,263
  • Jul 27, 2017 4:39am Jul 27, 2017 4:39am
Quoting hal7
{image} Been a slow grind this morning managed +5 on GU
Hal do you mind if I ask you what your SL is when your TP target is +5 pips? txs
  • #4,264
  • Jul 27, 2017 5:07am Jul 27, 2017 5:07am
It's a partial TP at +5. My stop is set 3 pips above the new high or low set up bar. Sometimes I will bail out manually if the trade looks like it is moving directly against me.
  • #4,265
  • Jul 27, 2017 5:11am Jul 27, 2017 5:11am
Quoting hal7
It's a partial TP at +5. My stop is set 3 pips above the new high or low set up bar. Sometimes I will bail out manually if the trade looks like it is moving directly against me.
Thanks for the quick response! Thanks Hal.......new subscriber here btw. I hope to learn lots going forward. I enjoy all of the extra terrestrial methods.
  • #4,266
  • Jul 27, 2017 5:23am Jul 27, 2017 5:23am
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This is my second entry on the GU setup. The first entry which I posted was the rule format as the previous hour bar had made a new high. I got +5 off that trade, moved my stop to BE and got stopped out. The second entry is the second bar entry in which I would have waited until the proper entry had set then waited for the second hour bar. This trade also got the +5.
  • #4,267
  • Jul 27, 2017 5:26am Jul 27, 2017 5:26am
Quoting hal7
{image} This is my second entry on the GU setup. The first entry which I posted was the rule format as the previous hour bar had made a new high. I got +5 off that trade, moved my stop to BE and got stopped out. The second entry is the second bar entry in which I would have waited until the proper entry had set then waited for the second hour bar. This trade also got the +5.
So same exact rules apply and same exact entry point, you just are using the 2nd H1 bar instead.......you used both bars in the exact same way it appears to me.
  • #4,268
  • Jul 27, 2017 5:28am Jul 27, 2017 5:28am
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I didn't take this GJ trade because I was busy with the GU. It is an example of why I often prefer taking the second bar after the signal. You can see shorting against that move would have been very tough all morning. So when does the move end? I have found often, but not always it can be the second bar.
  • #4,269
  • Jul 27, 2017 5:31am Jul 27, 2017 5:31am
Also I might add on that last GJ chart had you been trading during Asia and caught either the first or second bar going long after that low set, it would have kept going for +96. I always am thinking one of these bars is going to be the high or low of the day and it would be nice to be on board.
  • #4,270
  • Jul 27, 2017 5:34am Jul 27, 2017 5:34am
Quoting bojack34
{quote} So same exact rules apply and same exact entry point, you just are using the 2nd H1 bar instead.......you used both bars in the exact same way it appears to me.
Best - simplest - way to look at it is:
First (original) method, the entry is off the OPEN level of the second bar.
Second (variant) method, the entry is off the CLOSE level of the second bar.
  • #4,271
  • Jul 27, 2017 5:41am Jul 27, 2017 5:41am
Quoting lemercenaire
{quote} Best - simplest - way to look at it is: First (original) method, the entry is off the OPEN level of the second bar. Second (variant) method, the entry is off the CLOSE level of the second bar.
  • #4,272
  • Jul 27, 2017 5:47am Jul 27, 2017 5:47am
Quoting lemercenaire
{quote} Best - simplest - way to look at it is: First (original) method, the entry is off the OPEN level of the second bar. Second (variant) method, the entry is off the CLOSE level of the second bar.
I'm assuming this gives us a little extra evidence of momentum? and possibly keeps us out of a few extra false signals?
  • #4,273
  • Jul 27, 2017 6:53am Jul 27, 2017 6:53am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,274
  • Jul 27, 2017 7:10am Jul 27, 2017 7:10am
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Long EU +5 locked. This was a second bar trade. A previous one shown there was a loss on that strategy.
  • #4,275
  • Jul 27, 2017 7:45am Jul 27, 2017 7:45am
Quoting bojack34
{quote} I'm assuming this gives us a little extra evidence of momentum? and possibly keeps us out of a few extra false signals?
Yes...and no, lol. The jury is still out.
  • #4,276
  • Jul 27, 2017 8:13am Jul 27, 2017 8:13am
Quoting lemercenaire
{quote} Yes...and no, lol. The jury is still out.
Ha, ha, yeah sometimes a windsock would be just as effective.
  • #4,277
  • Jul 28, 2017 1:16am Jul 28, 2017 1:16am
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Long JY +6 locked
  • #4,278
  • Jul 28, 2017 1:34am Jul 28, 2017 1:34am
Last Friday of the month. Watch out for erratic moves today. Trade well, all. I don't do much of anything on Friday's anyway, so you're on your own! Catch y'all next week.
  • #4,279
  • Jul 31, 2017 2:18am Jul 31, 2017 2:18am
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Short AU +5 profit locked.
  • #4,280
  • Jul 31, 2017 2:50am Jul 31, 2017 2:50am
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SHORT JY +5 profit locked
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