Trading is as simple as 1-2-3

Aud/Usd Stop loss - 8 pips.
Eur/Usd. +6 locked

There's always that possibility...

UJ stop loss -8 pips.
Am I only one who is that lucky ?

Entry is not according to TooSlow Rule # 1.

I entered after this bar.

It's hard to read your entries the way you post your charts. But I was in the trade probably an hour before and managed to get to my +5 before it went back up.

But as far as luck I had a similar fate on the CF, took a -13 loss because I entered late. It did get to +5, then did not enter on the next hour which again got to goal.

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You said about adding something from myself. ( dunno why you edited post ). Ok, let's say I add the rule go with the trend, find supply and demand zones, well everything end's up the same way for me, for now I'm a learning trader, who don't find his path in this world, maybe I need to try long term trading, maybe create my own strategy, which I think will end up the same way, or I will be sitting in front of pc years trying to create something working, lol. I think every beginner trader is cursed to not trade sucesfully until he fully finds his path, but the question is when?

After years, I am still struggling myself. I find this forum misleading in the sense that we don't show loosing trades, only the winning trades. Some loosing trades are avoided by the more experience traders, but they not very transparent about how and why. This is the part, where I get the "Make it your own" response.

OK, sorry from the screen it was not quite clear.
Instead of SL, I use a telling instruction in the opposite position, it is less stressful for me.
Everything Good: D

Short EU +5 from last hour locked

If you are keen on helping me improve on this great system, with an EA to do all the dirty work, please join me at:
https://www.forexfactory.com/showthread.php?p=10608266

I understand your frustration. Every trader, I think, will recognise what you are feeling just now. Your every instinct is telling you to quit 1-2-3 right now. Move on to something else...the next-big-thing. Hey, you know what, if that's what you want, who am I to stop you - but I would urge you not to. For one thing, this is a really crappy time to be trading anyway. Only us old addicts should be getting anything out of the markets at this time of year. To continue that analogy, we're the
ones who've been using so long, we know how to avoid the bad stuff.

Perhaps my friend Wanna could inject (sorry, pun definitely not intended, lol) here. If I may say, he went through just these feelings earlier in the year and stuck it out, found his niche and bang! off he went. Golden. The thing is, it wasn't using 1-2-3 but he now can find 1-2-3 trades that work. Becoming confident and proficient in one method, gave him the confidence he needed to run others.

Anyway, enough yapping. I will show you a little something. I'm going to base it around your UJ trade.

I'll break it down layer by layer but in real-time, this happens in a matter of seconds-to-a-minute, every time I find a (potential) set-up.

First up...I wouldn't be looking to short UJ anyway for the moment. Look at this:


See the levels? Price is playing off a pip-perfect 50% retracement.

Detail on that:


Now, yes, there will be opportunities to short UJ (coming holidays not withstanding), however the slots will be brief and the entry timing uber-critical. Going in even slightly late - or perhaps on a second set-up of the day - will burn you.

Ok, that is the Weekly. How about closer to home.

On the Daily, momentum is upward. PA is showing higher lows. No Supply Zones to drop you back (nor Demand to drive you higher at any rate of knots either, come to that). Just faffing around inside those two dotted lines that I marked on the Weekly.


H4 now. Well, here we go, a bit of info...and what do you know. A small Demand Zone. Price is likely to go up this morning. (Interestingly, as an aside, PA is also now showing that that momentum is faltering...for now...we do have oil news this afternoon, which will move both USD and JPY. So treat that stall with caution).


So, finally, on the H1. We can see that again, there is no sign of any S+D Zones around. Price is just hanging in space.


The only way I would have gone in on this as a 1-2-3 would have been to take a quick bite off of the Long-Range-Candle and ride the coat-tails of the inevitable profit-takers (on the 08:00 UK-Time candle). Price is showing no inclination to turn down in any big way.

There would have been help down on the lower time-frames as per S+D but there is no point in posting from those charts now, as those zones will have gone as price moved on and through them up to the present time.

Ok. Hopefully that gives some small insight into the thought processes I use - and I stress, I use. Hal will have his own, I know TooSlow has his.

Also, as I said, it will have taken you one-hundred times longer to read this than it takes me to go through on any given pair. You get real good, real quick, if you rep something enough - and that's the other main key. You may think that you have spent a lot of time working on 1-2-3 but honestly, you haven't spent nearly enough. Hal has talked about how he crammed and crammed his brain full of stats and set-up permutations as he methodically worked his way to his preferred take on the method. I too, am a huge fan of research and analysis. I don't sleep much, lol.

TS actually does it the simplest way and only ever really looks at one or two pairs per day. Laser focus on the perfect set-up.

See what I'm saying? Stick to it. You'll get there.

Take a break away from placing trades for now till after the holidays (even demo) and just scan the charts for set-ups. Analyse. Make your call on paper. See what happens. Oh and I take it you do keep a trading journal? Please tell me you do. Well, get another one. One you can scribble on and take copious notes and get to it till next year begins in earnest. It won't be perfect set-ups you see as I stated but at least it will be something.

Start to look seriously at where your trades aren't working. Did you do everything right and still lost? Honestly? Well, hey, sh*t happens. Now, does that sh*t always seem to happen on one (or two) particular pairs? Well, guess what - time to stop banging your head off that particular wall. You won't see these patterns until you take a big step back and a huge deep breath and actually look at what is going on in front of you.

Oh and stop feeling sorry for yourself - hey, I'm not getting at you, we have all done that. All been the Poor Me in the room. Negative energy attracts negative energy. STOP. Think on the positive. Like-Attracts-Like.

Finally. Work on your trade management. We've all gone over this before in the thread. It's hugely important. For most traders, the one failing in the original method is the r:r. Well, it is what it is. Either run it the way it is in Post #1 and accept it - giving yourself the edge by fine-tuning your trade choices. Or build your own way around it. Again, both Hal and I do our own thing with that aspect. Figure out what works for you. Then, in the end, if you still aren't happy, that's the time to move on. At least you will now have a very good idea of how you don't want to trade and the time here will have been well-spent.

All the best.

USDCAD (though Oil news coming...caution).

Thank you, lemercenaire. Psichology is a really strong stuff. I'll try to learn from my mistakes.

It really is. A quote I also like is that ''A mistake is only a mistake if you don't learn from it''.

UC came good on the second move.



Back up to a significant level now and the Oil news is due in 30 mins or so.

Crikey Lem - The urge to write has consumed your very being
All good stuff though - one has to get up close to the coal face and sweat it out trade by trade ( demo or otherwise) until the dust clears and that little, " by George I got it" - light switches on

Ha ha - I got my other hat out of the closet for a while .

nuffin happened - if only that result was on a normal day - would have been a good move