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Trading is as simple as 1-2-3

  • #6,421
  • May 22, 2018 10:40am May 22, 2018 10:40am
Hi to all. Subscribed and studying setups. Only one (maybe stupid) question:

We have the new high at 12:00.

13, 14 and 15 bar doesn't reach the 12:00 high. The 16:00 bar reach the high and then come back: can we trade it? Or we must look only for the first bar (13) after a new high has formed?
  • #6,422
  • May 22, 2018 10:44am May 22, 2018 10:44am
Quoting MrGreen95
Hi to all. Subscribed and studying setups. Only one stupid question please. We have the new high at 12:00. 13, 14 and 15 bar doesn't reach the 12:00 high. The 16:00 bar reach the high and then come back: can we trade it? Or we must look only for the first bar (13) after a new high has formed?
You would enter when (if) price crossed the level of bar 13:00.

If the 16:00 bar then made a new high, you would look to trade on the open level of bar 17:00 (assuming it didn't make a new high itself).
  • #6,423
  • May 22, 2018 10:48am May 22, 2018 10:48am
Quoting lemercenaire
{quote} You would enter when (if) price crossed the level of bar 13:00. If the 16:00 bar then made a new high, you would look to trade on the open level of bar 17:00 (assuming it didn't make a new high itself).

Thank you Lem. So basically is:

1) New high
2) Trade under the open of the new bar (if it doesn't make a new high)
  • #6,424
  • May 22, 2018 10:56am May 22, 2018 10:56am
Quoting MrGreen95
{quote} Thank you Lem. So basically is: 1) New high 2) Trade under the open of the new bar (if it doesn't make a new high)
As price crosses the level of the new open, yes.
  • #6,425
  • May 22, 2018 11:06am May 22, 2018 11:06am
Quoting lemercenaire
{quote} As price crosses the level of the new open, yes.
Also without the retest of the new high?
  • #6,426
  • May 22, 2018 6:51pm May 22, 2018 6:51pm
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,427
  • May 22, 2018 6:53pm May 22, 2018 6:53pm
Quoting MrGreen95
Hi to all. Subscribed and studying setups. Only one (maybe stupid) question: We have the new high at 12:00. 13, 14 and 15 bar doesn't reach the 12:00 high. The 16:00 bar reach the high and then come back: can we trade it? Or we must look only for the first bar (13) after a new high has formed?
You can trade it on the 17 bar. The entry rules are simple. Consider checking the HOLO thread.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,428
  • May 23, 2018 2:42am May 23, 2018 2:42am
Attached Image (click to enlarge)
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Long CF +5 locked same bar trade
  • #6,429
  • May 23, 2018 3:26am May 23, 2018 3:26am
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Long EU +5 same bar
  • #6,430
  • May 23, 2018 3:46am May 23, 2018 3:46am
Okay, here is my first trade with this method. Maybe not the most accurate... but it's a start. I'd like some feedback
Attached Image(s) (click to enlarge)
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  • #6,431
  • May 23, 2018 3:54am May 23, 2018 3:54am
Quoting MrGreen95
Okay, here is my first trade with this method. Maybe not the most accurate... but it's a start. I'd like some feedback {image} {image}
your chart is a bit irritating for my trained eyes. too many candles for my choice.
and you need to download the indicator from the HOLO thread for example:
https://www.forexfactory.com/showthr...74#post9626774
trading is like dancing, don't think and just listen to the music!
  • #6,432
  • May 23, 2018 4:26am May 23, 2018 4:26am
Okay. Taked another. Was it a valid trade?

Edit: I can't really trade with this TPL. Too many things for my eyes. I'll show you only clean charts
Attached Image (click to enlarge)
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  • #6,433
  • May 23, 2018 5:40am May 23, 2018 5:40am
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  • #6,434
  • May 23, 2018 5:52am May 23, 2018 5:52am
I suppose this was good too?
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  • #6,435
  • May 23, 2018 6:00am May 23, 2018 6:00am
Quoting MrGreen95
I suppose this was good too? {image}
yes, AU was a good buy trade

my basic charts look like this: plain grey barcharts. and the indi of SwingMan i adjusted to a few lines. and i stay with the majors (incl. EJ, GJ and EG)
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #6,436
  • Edited 6:19am May 23, 2018 6:07am | Edited 6:19am
i have a question to the experienced traders here regarding position size:
TS mentioned to adapt position size in relation to the risk or stop loss.

because of the need to make fast decisions i trade all setups with the same lotsize. and avoid setups with larger stops with more than 20-30 pips.

how do you handle this?
trading is like dancing, don't think and just listen to the music!
  • #6,437
  • May 23, 2018 6:58am May 23, 2018 6:58am
How do you manage the loss trades?

You counter trade? Or use a SL?
  • #6,438
  • May 23, 2018 7:45am May 23, 2018 7:45am
Quoting MrGreen95
How do you manage the loss trades? You counter trade? Or use a SL?
take the loss and look for the next trade. with this approach you will have tons of signals during a day, especially if you combine it with HOLO.
trading is like dancing, don't think and just listen to the music!
  • #6,439
  • May 23, 2018 7:48am May 23, 2018 7:48am
Quoting birdland
{quote} take the loss and look for the next trade. with this approach you will have tons of signals during a day, especially if you combine it with HOLO.

Where do you place your stop?
  • #6,440
  • May 23, 2018 8:04am May 23, 2018 8:04am
Quoting MrGreen95
{quote} Where do you place your stop?
at the low/high of bar 1
trading is like dancing, don't think and just listen to the music!
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