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Trading is as simple as 1-2-3

  • #5,001
  • Nov 6, 2017 9:58am Nov 6, 2017 9:58am
Quoting gvmgvm
Perhaps I misunderstood the following words from Post #1: When price is above an open, it is up. Conversely, when price is below an open, it is down. It is a good idea not to short when price is up and not to buy when price is down. Regards George
Yes.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,002
  • Nov 6, 2017 9:59am Nov 6, 2017 9:59am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,003
  • Nov 6, 2017 10:11am Nov 6, 2017 10:11am
Quoting watsone
{quote} hal7 according to rule 2 the bar you have used to enter your buy trade has not tested the low of the preceding bar so as i understand rule 2 your trade does not meet this criteria,maybe you or TooSlow could clarify this rule please
Our definition of "tested" is more like "didn't break".

The second bar didn't make a new low, so we enter.
  • #5,004
  • Nov 6, 2017 10:57am Nov 6, 2017 10:57am
Quoting lemercenaire
{quote} Our definition of "tested" is more like "didn't break". The second bar didn't make a new low, so we enter.
It could break but not hold the level. That, too, is a test of a level.

For the purposes of this method, we use "didn't break" as in "close but no cigar".
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,005
  • Nov 6, 2017 12:37pm Nov 6, 2017 12:37pm
Quoting TooSlow
{quote} It could break but not hold the level. That, too, is a test of a level. For the purposes of this method, we use "didn't break" as in "close but no cigar".
This cigar?

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  • #5,006
  • Nov 7, 2017 3:06am Nov 7, 2017 3:06am
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Short CA +5 locked
  • #5,007
  • Nov 7, 2017 3:34am Nov 7, 2017 3:34am
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Long EU +5 locked
  • #5,008
  • Nov 7, 2017 3:46am Nov 7, 2017 3:46am
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Long GU +5 locked I had my stop set at 1.3136 and just missed getting stopped. It did set that new low then moved back up through the open.
  • #5,009
  • Nov 7, 2017 4:48am Nov 7, 2017 4:48am
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Short GJ +7 locked
  • #5,010
  • Nov 7, 2017 4:52am Nov 7, 2017 4:52am
Quoting hal7
{image} Short GJ +7 locked
Well done - I expect you will be buying one big fat turkey this Christmas from your collection of pips
every Saint has a past. Every Sinner has a Future
  • #5,011
  • Nov 7, 2017 4:58am Nov 7, 2017 4:58am
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Short JY +8 locked
  • #5,012
  • Nov 7, 2017 5:03am Nov 7, 2017 5:03am
Quoting turnip15
{quote} Well done - I expect you will be buying one big fat turkey this Christmas from your collection of pips
Hope so, all those pips will buy a lot of turkey...
  • #5,013
  • Nov 7, 2017 5:51am Nov 7, 2017 5:51am
GJ short trade now +33, 20 trailer on...
  • #5,014
  • Nov 7, 2017 6:00am Nov 7, 2017 6:00am
Quoting turnip15
{quote} Well done - I expect you will be buying one big fat turkey this Christmas from your collection of pips
First one to mention the 'C' word, is getting punched in the face
  • #5,015
  • Nov 7, 2017 6:48am Nov 7, 2017 6:48am
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Here' a pair I never trade but took it anyway CADCHF +5 locked What works, works.
  • #5,016
  • Nov 7, 2017 6:49am Nov 7, 2017 6:49am
Quoting lemercenaire
{quote} First one to mention the 'C' word, is getting punched in the face
How 'bout Xmas then?
  • #5,017
  • Nov 7, 2017 7:11am Nov 7, 2017 7:11am
GJ short stopped out at +20 Not to be greedy, but I was looking for at least +100
  • #5,018
  • Nov 7, 2017 7:20am Nov 7, 2017 7:20am
Quoting hal7
{quote} How 'bout Xmas then?
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  • #5,019
  • Nov 7, 2017 7:59am Nov 7, 2017 7:59am
..........................
  • #5,020
  • Nov 7, 2017 9:47am Nov 7, 2017 9:47am
Heads-up on AU...

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The H4 gives us some clues...

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