Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading Made Simple the right way, and other trading lessons 320 replies

Trading is this Simple? Finally Explained simple and clearly! 45 replies

trading is simple - trading is easy 43 replies

SIMPLE EA for a simple method needed!! 1 reply

Simple trading method 49 replies

Attachments: Trading is as simple as 1-2-3
Exit Attachments

Trading is as simple as 1-2-3

The DAX carryover trade hit the mark. All the signs were there, so no real drama...

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashH1as1-2-3Aug14th17.png Size: 27 KB


It always pays to take a chance on any of the other indices when one hits. You'll never get them all but often there is the chance of a small retrace getting you in on something on top of your main trade. That's what happened today for me on the US30...

Attached Image (click to enlarge)
Click to Enlarge Name: .US30CashH1as1-2-3Aug14th17.png Size: 29 KB


Of the rest of The Weird Bunch, the US500 mirrored its little bro and the F40 followed along. Both good.

The UK100 is pushing higher at the moment and may be a candidate later.
Attached Image (click to enlarge)
Click to Enlarge Name: 814123jy.png Size: 19 KB

Short the JY +5 took over an hour in a grinding market so far, Monday, no news.
Attached Image (click to enlarge)
Click to Enlarge Name: 81417123cf.png Size: 18 KB

Kind of playing around this morning. I took a reverse position on this CF on my initial short. I was able to clear my loss which was very small, like 4 pips.
Do we have any summary docs here?
Quoting willingwill
Do we have any summary docs here?
Here you go...

Attached Image


Even simpler:

1: Bar #1 makes new H / L
2: Bar #2 fails to make new H / L
3: Enter as price crosses back over the Open of Bar #2
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 55 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting lemercenaire
{quote} Here you go... {image} Even simpler: 1: Bar #1 makes new H / L 2: Bar #2 fails to make new H / L 3: Enter as price crosses back over the Open of Bar #2
That's the way to do it - like wot Lem said:
Attached Image
Quoting turnip15
{quote} That's the way to do it - like wot Lem said: {image}
How'd you get my passport photo?
Had a tough one getting on to ride the yen today but closed out EURJPY +30

Took three goes to get on board ... I felt some inner turmoil: Was I trading on a hunch? Married to price dropping? Afraid of missing out after the first two B/Es (definitely)? ... my last entry was late, but felt the 123 signal(s) were strong, alongside last week's downward pressure, positive news overnight, in recent S/R zone

Big focus atm on letting the winners run and giving my stops some more time to breathe

Not quite a home run as used a smaller lot size on the late entry, but account is up so can't complain
Attached Images (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-08-14 at 19.12.52.png Size: 27 KB Click to Enlarge Name: Screen Shot 2017-08-14 at 19.13.29.png Size: 49 KB
Quoting Lifecycle
Had a tough one getting on to ride the yen today but closed out EURJPY +30 Took three goes to get on board ... I felt some inner turmoil: Was I trading on a hunch? Married to price dropping? Afraid of missing out after the first two B/Es (definitely)? ... my last entry was late, but felt the 123 signal(s) were strong, alongside last week's downward pressure, positive news overnight, in recent S/R zone Big focus atm on letting the winners run and giving my stops some more time to breathe Not quite a home run as used a smaller lot size on the...
Have the base rules drilled into your dna until you can execute the trade entries in your sleep. I am sure I am not telling you anything you don't already know when I say that you have to take your emotions out of the equation.

This is not the same as saying don't make use of your experience, far from it. It is however saying that ''hunches'' and ''ifs-buts-and-maybees'' have no part in trading.

Once you work on and manage to rid your brain of these distractions, then the sense of calm you need to trade will come to the fore.

It takes practice, practice and then more practice...but you'll get there.

First off, you must trust the method.
Attached Image (click to enlarge)
Click to Enlarge Name: 81517123au.png Size: 20 KB

Long AU +5 locked
This past hour would not have mattered what pair I went with all performed nicely AU +12, EU +26, NZ +9, EG +25, JY +7, CA +21.
Attached Image (click to enlarge)
Click to Enlarge Name: 81517123gu.png Size: 17 KB

I got this GU on a reverse through my stop which cleared the loss. Have been experimenting with these a bit. They seem to work under certain conditions particularly off strong moves from recent news releases that keep momentum going.
Attached Image (click to enlarge)
Click to Enlarge Name: 81517123cf.png Size: 17 KB

Long CF +5 locked. Took a bit to get there, but it got there.
Quoting lemercenaire
{quote} Here you go... {image} Even simpler: 1: Bar #1 makes new H / L 2: Bar #2 fails to make new H / L 3: Enter as price crosses back over the Open of Bar #2
Can you show an example with a candle stick chart
Quoting dbayo09
{quote} Can you show an example with a candle stick chart
ONE
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURJPYH1as1-2-3egCROP_LI-ONEmakesanewH.jpg Size: 558 KB


TWO
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURJPYH1as1-2-3egCROP_LI-TWOfailstomakenewH.jpg Size: 559 KB


THREE
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURJPYH1as1-2-3egCROP_LITHREEentry.jpg Size: 562 KB
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 53 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting lemercenaire
{quote} ONE {image} TWO {image} THREE {image}
Wow thanks for your reply. Its little confusing with the bar chart, can you post a candlestick chart instead. Please take a look at the last 3 bar before the current bar on GU chart below. Is that a trade?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20170815_161915_264.JPG Size: 95 KB
Quoting lemercenaire
{quote} ONE {image} TWO {image} THREE {image}
Your detailed explanation really help. Thanks
Quoting dbayo09
{quote} Wow thanks for your reply. Its little confusing with the bar chart, can you post a candlestick chart instead. Please take a look at the last 3 bar before the current bar on GU chart below. Is that a trade? {image}
I really don't see why you'd struggle with the bar chart - it's so much clearer as to what's going on, that's why we use them - however, just for you (and just this once, before anyone else asks)...

ONE
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURJPYH1as1-2-3egAsCandleCROP-ONE_LI.jpg Size: 597 KB


TWO
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURJPYH1as1-2-3egAsCandleCROP-TWO_LI.jpg Size: 598 KB


THREE
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURJPYH1as1-2-3egAsCandleCROP-THREE_LI.jpg Size: 603 KB


The 1-2-3 example is at exactly the same position as the bar chart but obviously time has moved on at the right-hand edge.
0 traders viewing now