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Trading is as simple as 1-2-3

  • #5,721
  • Jan 30, 2018 5:46am Jan 30, 2018 5:46am
Update on the 'experiment' now at +503, GU +109, GJ +100, The JY came back to +14 also. So what drove these movements today? Nothing that I could see, no news releases for another 3 hours. I finished out taking 50% off and putting them all on 20 trailers
  • #5,722
  • Jan 30, 2018 10:00am Jan 30, 2018 10:00am
a 1-2-3 trade with low risk ( 5 pips initial risk)
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #5,723
  • Jan 30, 2018 11:59am Jan 30, 2018 11:59am
Quoting birdland
a 1-2-3 trade with low risk ( 5 pips initial risk) {image}
Nicely done. As an aside, your trade gives a chance to point out something useful. When you are in a runner like this, always keep an eye on where price actually is on the day. Sounds obvious but you'd be surprised how easy it is to narrow your focus so much, you forget.

As such, always look for your trade making a new extreme - in this case a new high - in the opposite direction to the trade you are in. That's a pretty big hint that you should be getting ready to bail!
  • #5,724
  • Jan 30, 2018 12:14pm Jan 30, 2018 12:14pm
Quoting hal7
Just killing some time today waiting for a setup on 1-2-3. I did a little experiment on a demo account on an idea presented by a person whose name is not to be mentioned on FF apparently, and may have some ties to 1-2-3 principles. The idea is to to draw a line and trade in the direction of the movement away from that line up or down. Just that simple. So I did that. In the first hour or so of London open. GU, CF, JY, EJ, GJ, CA, AU, NZ, EU. Total pips in that time +152, no losers so far. Now the pairs...
Attached Image
  • #5,725
  • Jan 30, 2018 12:38pm Jan 30, 2018 12:38pm
Quoting hal7
Just killing some time today waiting for a setup on 1-2-3. I did a little experiment on a demo account on an idea presented by a person whose name is not to be mentioned on FF apparently, and may have some ties to 1-2-3 principles. The idea is to to draw a line and trade in the direction of the movement away from that line up or down. Just that simple. So I did that. In the first hour or so of London open. GU, CF, JY, EJ, GJ, CA, AU, NZ, EU. Total pips in that time +152, no losers so far. Now the pairs...
You're in the right ball-park (or should that be Galaxy?), however the concept has been turned around somewhat since then. The idea is that you wait for an open in ''space'', then enter as price goes from there and crosses the line, not away from it.

Using the SweetSpots family of indicators for this, you wait for an open between the lines and then enter as price crosses the first line (use or don't use bias at one's discretion). You then add-in (stack) to your trade as it moves over the next line and so on. (There's a whole formula devoted to the maths behind this). That's what I often use as my trade-management these days on all methods and it's just as effective on 1-2-3.

So, in effect, what you are doing is not finding a new way to work with 1-2-3 trades but have used 1-2-3 trade set-ups to improve entries for the method.

Good stuff!

You may be mixing it with a second method, which looks for a congregation of opens and closes, box around them and then trade away from there.

The original, original, is still the simplest and purest, form of trading philosophy you could ever hope to find and the base DNA for all the methods orbiting around this (and certainly my) galaxy, hence why I can overlap every one of them into the next.
  • #5,726
  • Jan 31, 2018 1:07am Jan 31, 2018 1:07am
Quoting lemercenaire
{quote} Nicely done. As an aside, your trade gives a chance to point out something useful. When you are in a runner like this, always keep an eye on where price actually is on the day. Sounds obvious but you'd be surprised how easy it is to narrow your focus so much, you forget. As such, always look for your trade making a new extreme - in this case a new high - in the opposite direction to the trade you are in. That's a pretty big hint that you should be getting ready to bail!
thank you very much. you are right, i saw that i sold just before the new daily high. it makes sense to wait for the break.
good hint!
trading is like dancing, don't think and just listen to the music!
  • #5,727
  • Jan 31, 2018 1:37am Jan 31, 2018 1:37am
Nice Cable drop on the 07:00 uk bar. Missed it here.
  • #5,728
  • Jan 31, 2018 1:39am Jan 31, 2018 1:39am
Quoting lemercenaire
Nice Cable drop on the 07:00 uk bar. Missed it here.
Franky fake.
  • #5,729
  • Jan 31, 2018 2:04am Jan 31, 2018 2:04am
Quoting lemercenaire
Nice Cable drop on the 07:00 uk bar. Missed it here.
missed it too. i am in NCH short, but HOLO trade
trading is like dancing, don't think and just listen to the music!
  • #5,730
  • Jan 31, 2018 2:52am Jan 31, 2018 2:52am
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Long JY +5 locked
  • #5,731
  • Jan 31, 2018 2:53am Jan 31, 2018 2:53am
Attached Image (click to enlarge)
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Short GU +5 locked, went to +20 in the blink of an eye, 10 trailer on
And it got taken out in the blink of an eye also but added +15 to the first.
  • #5,732
  • Jan 31, 2018 3:01am Jan 31, 2018 3:01am
Quoting lemercenaire
{quote} You're in the right ball-park (or should that be Galaxy?), however the concept has been turned around somewhat since then. The idea is that you wait for an open in ''space'', then enter as price goes from there and crosses the line, not away from it. Using the SweetSpots family of indicators for this, you wait for an open between the lines and then enter as price crosses the first line (use or don't use bias at one's discretion). You then add-in (stack) to your trade as it moves over the next line and so on. (There's a whole formula devoted...
Thanks for the clarification Lem, but that will take me all day to decipher Playing around with again today in the background I will apply some of that for sure.
  • #5,733
  • Jan 31, 2018 3:13am Jan 31, 2018 3:13am
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Took this CF long on same bar last hour +5 locked
  • #5,734
  • Jan 31, 2018 10:51am Jan 31, 2018 10:51am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,735
  • Jan 31, 2018 11:58am Jan 31, 2018 11:58am
my trade for the day was ECH for more than +50 pips, a classic 1-2-3 rejection from the high 1.16370
after it went straight through the daily open line and closed below i decided "thats enough"
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trading is like dancing, don't think and just listen to the music!
  • #5,736
  • Jan 31, 2018 12:56pm Jan 31, 2018 12:56pm
Kind of a weird one here, in that I knew that I wanted to wait till the Oil Inventories and then on the bounce from the Demand Zone if they coincided.

I then completely forgot about it and only an hour after did the bell go off in my head. As such, I actually took the ''pure'' 1-2-3 entry, though if I had my head in the game, I admit that I would have taken the entry on the earlier bar.

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I closed out on the pseudo-1-2-3 at the Supply Zone (and in fact took that trade on the reverse move down, though as I said, it wasn't quite a true 1-2-3).
  • #5,737
  • Feb 1, 2018 2:48am Feb 1, 2018 2:48am
Pre-Open gap filled and bounced. Push on up and...now what?

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  • #5,738
  • Feb 1, 2018 2:58am Feb 1, 2018 2:58am
GU: The 1-2-3 trade from 1.4024 is still running strong. now at 200+ pips
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  • #5,739
  • Feb 1, 2018 3:11am Feb 1, 2018 3:11am
Possible set-up...

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  • #5,740
  • Feb 1, 2018 3:30am Feb 1, 2018 3:30am
Yes LEM, watching it closely.
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