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Trading is as simple as 1-2-3

  • #6,461
  • May 24, 2018 4:29am May 24, 2018 4:29am
Quoting Inception12
Took my first trade on the GPBUSD.....i hope i got it right guys {image}

I was in it too! +10 pips (demo)
  • #6,462
  • Edited 4:47am May 24, 2018 4:36am | Edited 4:47am
Quoting Inception12
{quote} Alright...just joined the thread and fully caught up.... small question.....do you have price alerts set or you have to look at all the charts every top of the hour...or is there a specific time range when most setups occur
I look at a variety of things. I follow 10 pairs and am basically just watching them before the top of hour kicks off. I look to stay away from the strong trending pairs. They generally are bouncing around this morning without a lot of news in play. This EG trade I also looked at the 4 hr and saw the same kind of pattern which gave me confidence to take it both ways.

I also monitor an EA, Kaz built for me. Predictably the EA fails overall because it takes every trade, just like an EA. But it does give me alerts as to what's going over 10 pairs.

More than anything I set an audio alert on the MT4 platform. You will sometimes see small red dotted line on my charts. If the pair shows a good move toward that high or low I will then set up the audio. I will then move that alert to my +5 and take a partial profit, adjust my stop sometimes and hope to settle in for a long ride.

As far as when, I don't think it really matters that much. I just happen to trade near London open, because I enjoy getting up at 3:00a, what else is going on anyway at that time? "Money never sleeps."- Gordon Gecko
  • #6,463
  • May 24, 2018 5:36am May 24, 2018 5:36am
Attached Image (click to enlarge)
Click to Enlarge Name: 52418ca.png Size: 20 KB

Short CA +5 locked
  • #6,464
  • May 24, 2018 8:08am May 24, 2018 8:08am
Quoting hal7
{quote} I look at a variety of things. I follow 10 pairs and am basically just watching them before the top of hour kicks off. I look to stay away from the strong trending pairs. They generally are bouncing around this morning without a lot of news in play. This EG trade I also looked at the 4 hr and saw the same kind of pattern which gave me confidence to take it both ways. I also monitor an EA, Kaz built for me. Predictably the EA fails overall because it takes every trade, just like an EA. But it does give me alerts as to what's going over 10...
Thank you so much for the info.....am gonna be alright
  • #6,465
  • May 24, 2018 10:57am May 24, 2018 10:57am
because somebody asked me to show him some 123-trades.
here are all from today (+5 trades).
one partial trade was running for +25 pips (EG)
hope this helps...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 57 KB
Click to Enlarge Name: USDCADH1.png Size: 56 KB
Click to Enlarge Name: GBPJPYH1.png Size: 52 KB
trading is like dancing, don't think and just listen to the music!
  • #6,466
  • May 25, 2018 3:37am May 25, 2018 3:37am
Attached Image (click to enlarge)
Click to Enlarge Name: 52518gj.png Size: 21 KB

Long GJ +5 locked Got in before the news release so lucked out to be on the right side.
  • #6,467
  • May 25, 2018 4:15am May 25, 2018 4:15am
Quoting hal7
{image} Long GJ +5 locked Got in before the news release so lucked out to be on the right side.
Float like a butterfly, sting like a bee...
  • #6,468
  • May 25, 2018 5:00am May 25, 2018 5:00am
Quoting lemercenaire
{quote} Float like a butterfly, sting like a bee...
............................................
  • #6,469
  • May 25, 2018 5:29am May 25, 2018 5:29am
Attached Image (click to enlarge)
Click to Enlarge Name: 52518cf.png Size: 20 KB

Short CF +5 locked. Same bar. I usually avoid the stair step pattern on these types but I took it anyway, and it worked.
  • #6,470
  • May 25, 2018 3:03pm May 25, 2018 3:03pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW1.png Size: 60 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,471
  • May 25, 2018 3:05pm May 25, 2018 3:05pm
Quoting hal7
I just happen to trade near London open, because I enjoy getting up at 3:00a, what else is going on anyway at that time? "Money never sleeps."- Gordon Gecko
3:00am EST?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,472
  • May 28, 2018 4:40am May 28, 2018 4:40am
Quoting TooSlow
{quote} 3:00am EST?
Well, 3:00am EDT actually, including holidays apparently.
  • #6,473
  • May 28, 2018 4:42am May 28, 2018 4:42am
Attached Image (click to enlarge)
Click to Enlarge Name: 52818ca.png Size: 18 KB

Not much action today as markets are pretty much down for holiday. Still managed to squeeze +5 out of this CA
  • #6,474
  • May 28, 2018 12:45pm May 28, 2018 12:45pm
Spent the weekend going through my charts looking for 123 setups and correct me if am wrong guys but i think it works best on very volatile pairs like GBP pairs, GU, GA, GN because they easily reverse for 20+ pips unlike the CHF pairs.
My other idea is it's best to have a daily target of sorts, like 3% wins, such that once you get it, you take that for the day and wait for the next day;s setups to avoid over trading and getting whipsawed
  • #6,475
  • May 28, 2018 1:29pm May 28, 2018 1:29pm
Quoting Inception12
Spent the weekend going through my charts looking for 123 setups and correct me if am wrong guys but i think it works best on very volatile pairs like GBP pairs, GU, GA, GN because they easily reverse for 20+ pips unlike the CHF pairs. My other idea is it's best to have a daily target of sorts, like 3% wins, such that once you get it, you take that for the day and wait for the next day;s setups to avoid over trading and getting whipsawed
Each trader finds what works for themselves. 3% would make you very rich in a year.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,476
  • May 28, 2018 1:59pm May 28, 2018 1:59pm
Quoting hal7
{quote} I look at a variety of things. I follow 10 pairs and am basically just watching them before the top of hour kicks off. I look to stay away from the strong trending pairs. They generally are bouncing around this morning without a lot of news in play. This EG trade I also looked at the 4 hr and saw the same kind of pattern which gave me confidence to take it both ways. I also monitor an EA, Kaz built for me. Predictably the EA fails overall because it takes every trade, just like an EA. But it does give me alerts as to what's going over 10...
Hello Hal, just a follow up to this question. Which are these 10 pairs that you have nailed down. I know every trader has his won preferences but some pairs really stand out on certain methods
  • #6,477
  • May 28, 2018 2:42pm May 28, 2018 2:42pm
I'm in love with this method and i have officially added it to my arsenal. Thank you TooSlow
  • #6,478
  • May 29, 2018 4:03am May 29, 2018 4:03am
Quoting Inception12
{quote} Hello Hal, just a follow up to this question. Which are these 10 pairs that you have nailed down. I know every trader has his won preferences but some pairs really stand out on certain methods
There is nothing special about the 10 I trade, they are just the ones I watch. If you want to see them you will have to read the thread, they are all posted.
  • #6,479
  • May 29, 2018 4:06am May 29, 2018 4:06am
Attached Image (click to enlarge)
Click to Enlarge Name: 52918eg.png Size: 19 KB

Short EG +5 locked
  • #6,480
  • May 29, 2018 5:05am May 29, 2018 5:05am
Attached Image (click to enlarge)
Click to Enlarge Name: 52918au.png Size: 19 KB

Long AU +5 locked
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