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Trading is as simple as 1-2-3

  • #6,721
  • Jul 26, 2018 10:16am Jul 26, 2018 10:16am
Hi Traders,

I am enjoying reading this Thread.
I am currently at page 22, LOL.
It will take a long time for getting up to date, so I will probably find the answer to my question several times in between.

BTW I noticed that " No Test - No Trade " could be sometime painful too...

I like very much the teaching way of the Thread Starter

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  • #6,722
  • Jul 26, 2018 10:22am Jul 26, 2018 10:22am
Here he would probably say:

" ...waiting... " ?

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  • #6,723
  • Jul 26, 2018 11:11am Jul 26, 2018 11:11am
Quoting EmCaiShen;11303239[I
]Hello everyone,[/i] Am totally new to trading and when I stumbled upon this thread, it caught my eye. I am currently learning and practicing the strategy and I just wanted to give credit to TooSlow for starting this thread. I will be heading over to the HOLO thread pretty soon. Happy trading, Em.
Welcome aboard. You couldn't pick a better place to lay your hat.
  • #6,724
  • Jul 26, 2018 11:15am Jul 26, 2018 11:15am
Quoting Whenever
Hi Traders, I am enjoying reading this Thread. I am currently at page 22, LOL. It will take a long time for getting up to date, so I will probably find the answer to my question several times in between. BTW I noticed that " No Test - No Trade " could be sometime painful too... I like very much the teaching way of the Thread Starter {image}
Welcome also. Hope you settle in well.

As for that ''no test, no trade'' set-up, you'll discover that the term ''test'' takes on a fluid meaning around here .
  • #6,725
  • Jul 26, 2018 11:38am Jul 26, 2018 11:38am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,726
  • Jul 26, 2018 11:40am Jul 26, 2018 11:40am
Quoting Whenever
...I like very much the teaching way of the Thread Starter {image}
Thank you, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,727
  • Jul 26, 2018 12:37pm Jul 26, 2018 12:37pm
Quoting Whenever
Here he would probably say: " ...waiting... " ? {image}
You are still waiting :-)
every Saint has a past. Every Sinner has a Future
  • #6,728
  • Jul 26, 2018 12:39pm Jul 26, 2018 12:39pm
Quoting hal7
{image} Long GU, once again +5 locked This time disregarding the rules, or at least bending them severely. New low on same bar (same bar trade) do not attempt this at home. Sometimes I lose with these trades, but would never admit to it
A "Wick Zone" trade like what Lem executes sometimes :-)
every Saint has a past. Every Sinner has a Future
  • #6,729
  • Jul 26, 2018 12:47pm Jul 26, 2018 12:47pm
Quoting turnip15
{quote} A "Wick Zone" trade like what Lem executes sometimes :-)
Ayeeeeee....
  • #6,730
  • Jul 26, 2018 1:49pm Jul 26, 2018 1:49pm
Yee-haaaaa!!! Got one for ya, TS! A nice, shiny loooooooooozaaaah!!!

You can always count on good old Cable to get the job done.

I do have to say that I wasn't actually in on this, though I did watch it later as a potential HOLO (which bombed).

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  • #6,731
  • Jul 27, 2018 3:23am Jul 27, 2018 3:23am
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Long CA +5 locked
  • #6,732
  • Jul 27, 2018 8:49am Jul 27, 2018 8:49am
...I know I may find the answer later (currently at post #926), and I accept the concept of "fluid meaning" connected to the " test " concept.

Trying to filter out as much discreption as possible from this fluidity, as the rest of the strategy has none at all in my view.

Question:

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  • #6,733
  • Jul 27, 2018 9:03am Jul 27, 2018 9:03am
....trying to understand a (for me) missing point....
Hope to be not too intrusive...

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  • #6,734
  • Jul 27, 2018 10:30am Jul 27, 2018 10:30am
Quoting Whenever
...I know I may find the answer later (currently at post #926), and I accept the concept of "fluid meaning" connected to the " test " concept. Trying to filter out as much discreption as possible from this fluidity, as the rest of the strategy has none at all in my view. Question: {image}
The thing with a trade set-up like that, where you get such a hefty push in one long candle, it's almost inevitable that it's going to retrace, at least to some degree. Just hit the sell as soon as you can.

However, I do know that this risks a freight train.

If the close had been right at the very top, then I would have a little more hesitation, perhaps, however, generally speaking, I will go in as close to that level as I can get.

If you are managing the trade on a lower tf then you will often get a drop, then return (albeit often briefly) to the entry level. That can be a good compromise.
  • #6,735
  • Jul 27, 2018 10:52am Jul 27, 2018 10:52am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,736
  • Jul 27, 2018 10:54am Jul 27, 2018 10:54am
Quoting Whenever
...I know I may find the answer later (currently at post #926), and I accept the concept of "fluid meaning" connected to the " test " concept. Trying to filter out as much discreption as possible from this fluidity, as the rest of the strategy has none at all in my view. Question: {image}
When you are learning, pick the easy fruit. Then, one day, things will become apparent. AHA!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,737
  • Jul 27, 2018 5:31pm Jul 27, 2018 5:31pm
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Short on UC (same bar), +5 locked, trailed the other for +22.
  • #6,738
  • Jul 27, 2018 5:42pm Jul 27, 2018 5:42pm
Quoting kaza007
{image} Short on UC (same bar), +5 locked, trailed the other for +22.
One thing to look for in "same bar" entries, is that (as you notice here) price will more often than not retrace back to around the 50% of the entry bar, then turn and continue on in the direction of the original trade.

I am sure you can figure out on your own how you can make use of that information.

Also, just because you have bagged on your Hal-Special Same-Bar entry, doesn't mean you have to ignore and not take the "Standard" entry.

All sorts of ways for the clever trader to maximise his / her pip bag.

Now log off and have a good weekend, all!
  • #6,739
  • Jul 27, 2018 5:52pm Jul 27, 2018 5:52pm
Quoting lemercenaire
{quote} One thing to look for in "same bar" entries, is that (as you notice here) price will more often than not retrace back to around the 50% of the entry bar, then turn and continue on in the direction of the original trade. I am sure you can figure out on your own how you can make use of that information. Also, just because you have bagged on your Hal-Special Same-Bar entry, doesn't mean you have to ignore and not take the "Standard" entry. All sorts of ways for the clever trader to maximise his / her pip bag. Now log off and have a good weekend,...
I am a "Lem" groupie because of nuggets like this. Thanks man!
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Wow! I've got some experience to gain.
  • #6,740
  • Jul 27, 2018 5:58pm Jul 27, 2018 5:58pm
Quoting Lawnman
{quote} I am a "Lem" groupie because of nuggets like this. Thanks man! {image}
Lol, I saw you sitting there! Hope all's good with you and yours.
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