Trading is as simple as 1-2-3 | Page 313 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

trading is simple - trading is easy 43 replies

Simple trading method 49 replies

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

Trading is as simple as 1-2-3

  • #6,241
  • Apr 26, 2018 3:18am Apr 26, 2018 3:18am
Attached Image (click to enlarge)
Click to Enlarge Name: 42618jy.png Size: 18 KB

Long JY +5 locked
  • #6,242
  • Apr 26, 2018 12:49pm Apr 26, 2018 12:49pm
Anyone catch Cable?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1anyonecatchthe1-2-3April26th18.png Size: 35 KB
  • #6,243
  • Apr 26, 2018 7:45pm Apr 26, 2018 7:45pm
does anyone here trade this system consistently and is profitable ? i have just a small sample of back testing tick by tick data and it doesn't look too promising.. i may juts be trading it wrong.. would love some replies
  • #6,244
  • Apr 27, 2018 1:36am Apr 27, 2018 1:36am
Quoting fxlrich
does anyone here trade this system consistently and is profitable ? i have just a small sample of back testing tick by tick data and it doesn't look too promising.. i may juts be trading it wrong.. would love some replies
Have you read the thread? Have you somehow missed Hal's posts?

1-2-3 is one of the most solid, robust, consistent methods out there. Prop firms use a variant of it to break in their rookies.

Forget about back-testing. This doesn't work for the same reason an EA doesn't work - there is a degree of human-intervention/interpretation needed to maximise results once the trade is running, namely in the trade-management area. Some pairs work better than others for entry purposes also.

When I first dropped down from the very long time-frame trading I was using previously, I ran 1-2-3 cw HOLO exclusively for around 6 months and had no problem making a substantial profit.

Look at the pairs Hal and TS use, forget back-testing and sit yourself down and just trade the method.
  • #6,245
  • Apr 27, 2018 4:05am Apr 27, 2018 4:05am
Attached Image (click to enlarge)
Click to Enlarge Name: 42718au.png Size: 17 KB

Long AU +5 locked
  • #6,246
  • Apr 27, 2018 4:30am Apr 27, 2018 4:30am
Attached Image (click to enlarge)
Click to Enlarge Name: 42718cf.png Size: 18 KB

Short CF +5 locked
  • #6,247
  • Apr 27, 2018 4:40am Apr 27, 2018 4:40am
Quoting fxlrich
does anyone here trade this system consistently and is profitable ? i have just a small sample of back testing tick by tick data and it doesn't look too promising.. i may juts be trading it wrong.. would love some replies
I would concur with Lem on this. I have posted a few trades on here that illustrate some semblance of consistency.
But as he stated trading has much to do with judgement and avoiding, taking advantage, and managing. This can only be learned by spending the time and gaining the experience that will leave more of an impression then someone telling you.

1-2-3 and HOLO are basics, simple to understand, and don't change. It can be traded almost anytime on any pair. There are no guarantees on any trade, but it offers a solid foundation for learning the execution and management of trades and fair amount of consistency, more than a lot of things I have seen on FF.

A lot of traders are soon ready to move on to the next better system after a couple of losses. And then on to the even better one after that. A lesson often missed.
  • #6,248
  • Apr 27, 2018 4:45am Apr 27, 2018 4:45am
Attached Image (click to enlarge)
Click to Enlarge Name: 42718ca.png Size: 20 KB

Short CA +5 locked Similar to my CF trade, I am currently up +10 on this. Here I bend the rules a bit as it did not move up against the high but straight down. I will take these from time to time, sometimes I get burned but in this case not.
  • #6,249
  • Apr 30, 2018 5:07am Apr 30, 2018 5:07am
Attached Image (click to enlarge)
Click to Enlarge Name: 43018jy.png Size: 19 KB

Short JY +5 locked. A couple of misfires today but finally connected here.
  • #6,250
  • Apr 30, 2018 5:36am Apr 30, 2018 5:36am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 132 KB
  • #6,251
  • Apr 30, 2018 5:49am Apr 30, 2018 5:49am
Was watching this as a HOLO opportunity but I'll take it where I find it ...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1waswatchingasHOLO30thApril18crop.png Size: 20 KB
  • #6,252
  • Apr 30, 2018 1:18pm Apr 30, 2018 1:18pm
Another that fell into my lap from one of my other methods. Price has since continued on down but this move was more than enough...

Attached Image (click to enlarge)
Click to Enlarge Name: .US500.H1as1-2-3outofFlip30thApril18.png Size: 27 KB
  • #6,253
  • Edited 3:31am May 1, 2018 3:15am | Edited 3:31am
Attached Image (click to enlarge)
Click to Enlarge Name: 5118gj.png Size: 19 KB

Short GJ +5 locked +35, 20 trailer on
  • #6,254
  • May 1, 2018 3:08pm May 1, 2018 3:08pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW1.png Size: 57 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,255
  • Edited 11:32am May 2, 2018 3:29am | Edited 11:32am
Attached Image (click to enlarge)
Click to Enlarge Name: 5218ej.png Size: 19 KB

Short EJ +5 locked. Slightly larger stop then I like, but I liked the move. Updated +44 with 20 trailer on
  • #6,256
  • May 2, 2018 3:49am May 2, 2018 3:49am
Sorry for retarded question... But what is the actual difference between this and HOLO?

Thanks a lot for your time guys, definetly will try this out soon...
Building a Freedom All Time Return: 5,178.8%
  • #6,257
  • Edited 11:32am May 2, 2018 3:52am | Edited 11:32am
Attached Image (click to enlarge)
Click to Enlarge Name: 5218cf.png Size: 17 KB

Long CF +5 locked. As classic a set up as it gets with a modest stop. +38 with 20 trailer on
  • #6,258
  • May 2, 2018 4:58am May 2, 2018 4:58am
Quoting J1mm
Sorry for retarded question... But what is the actual difference between this and HOLO? Thanks a lot for your time guys, definetly will try this out soon...
I think Lem could explain the difference much better than me and hopefully he will weigh in, as he trades both, and I am not completely sure I understand the difference. I pretty much hang out on this side and look in over at the HOLO from time to time. They are essentially the same principle, that being moving through the open price off a high or low. On 123 this starts at the beginning of each hour and the check off of the rules, but I have been known to bend those slightly. HOLO trades can trigger at anytime, not being fixed to the previous hour. Hope that is not more confusing.
  • #6,259
  • May 2, 2018 7:16am May 2, 2018 7:16am
Quoting J1mm
Sorry for retarded question... But what is the actual difference between this and HOLO? Thanks a lot for your time guys, definetly will try this out soon...
In a 123 the previous H1 has to make a new daily high or a new daily low, but in a HOLO you don't have that restriction.
In a HOLO you enter at the highest H1 Open or the Lowest H1 Open, but in a 123 you don't have that restriction.
  • #6,260
  • May 2, 2018 7:23am May 2, 2018 7:23am
Quoting bojack34
{quote} In a 123 the previous H1 has to make a new daily high or a new daily low, but in a HOLO you don't have that restriction. In a HOLO you enter at the highest H1 Open or the Lowest H1 Open, but in a 123 you don't have that restriction.
Understood, and also this translates to amount of trades per day on each strat (+HOLO, -123)
Building a Freedom All Time Return: 5,178.8%
5 traders viewing now