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Trading is as simple as 1-2-3

  • #6,861
  • Aug 21, 2018 5:25am Aug 21, 2018 5:25am
and learning
trading is like dancing, don't think and just listen to the music!
  • #6,862
  • Aug 21, 2018 5:55am Aug 21, 2018 5:55am
Quoting turnip15
{quote} We are watching you
Ha, ha, I knew you were out there.
  • #6,863
  • Aug 21, 2018 7:22am Aug 21, 2018 7:22am
Attached Image (click to enlarge)
Click to Enlarge Name: 82018cf.png Size: 17 KB

Long CF +5 locked. Have been in this trade several hour finally panned out. I have been looking at some filter techniques lately and this is an interesting one that could go either way. Often when you get this consecutive new lows or highs it can indicate a continue in the direction of the trend. But as in this it gave the 123 reverse. So nothing revealing yet but I have been watching playing these moves with the trend during the starts near London. This set up showed a slightly different pattern.
  • #6,864
  • Aug 21, 2018 7:43am Aug 21, 2018 7:43am
The DAX is trying hard - but I am dying of boredom, lol.

I keep taking a couple, closing it down, re-entering, add another couple, yawning a lot. Ho hum...
  • #6,865
  • Aug 21, 2018 7:47am Aug 21, 2018 7:47am
one filter i like to use with 123 is the need of a breakout through the asian range.

as my trading day starts with the london open and ends with the london close my "asian range" is defined from the start of the day plus 10 hours till the london open. there i like to see first an "asian range breakout" and then start looking for 123 signals.

for EU and EJ i accept a breakout of the range one hour earlier after the frankfurt open.
trading is like dancing, don't think and just listen to the music!
  • #6,866
  • Aug 21, 2018 7:52am Aug 21, 2018 7:52am
Quoting birdland
one filter i like to use with 123 is the need of a breakout through the asian range. as my trading day starts with the london open and ends with the london close my "asian range" is defined from the start of the day plus 10 hours till the london open. there i like to see first an "asian range breakout" and then start looking for 123 signals. for EU and EJ i accept a breakout of the range one hour earlier after the frankfurt open.
Makes sense. Conversely, a non-break of the Asian Range would indicate that you could be in good HOLO hunting grounds, with price trapped in a narrow channel.
  • #6,867
  • Aug 21, 2018 7:56am Aug 21, 2018 7:56am
Quoting lemercenaire
{quote} Makes sense. Conversely, a non-break of the Asian Range would indicate that you could be in good HOLO hunting grounds, with price trapped in a narrow channel.
yes indeed, like GU&EU today! both had shown nice HOLO setups after the LO
trading is like dancing, don't think and just listen to the music!
  • #6,868
  • Aug 21, 2018 8:13am Aug 21, 2018 8:13am
Quoting birdland
{quote} yes indeed, like GU&EU today! both had shown nice HOLO setups after the LO
I feel an overlay template being set up as we speak
  • #6,869
  • Aug 21, 2018 10:06am Aug 21, 2018 10:06am
this UCH long trade for example was a perfect 123 and HOLO trade, both criteria met.

HOLO: the trigger was the m5 bar close below the H1 lower open line followed by a break through H1 lower open line of the day.

123: the trigger was a failed new daily low followed by a break through H1 open line

hope you see the detail in it...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 21.8.h1.png Size: 84 KB
Click to Enlarge Name: 21.8.m5.png Size: 85 KB
trading is like dancing, don't think and just listen to the music!
  • #6,870
  • Aug 22, 2018 4:11am Aug 22, 2018 4:11am
Quoting birdland
this UCH long trade for example was a perfect 123 and HOLO trade, both criteria met. HOLO: the trigger was the m5 bar close below the H1 lower open line followed by a break through H1 lower open line of the day. 123: the trigger was a failed new daily low followed by a break through H1 open line hope you see the detail in it... {image} {image}
Good stuff Birland, thanks for sharing
  • #6,871
  • Aug 22, 2018 4:12am Aug 22, 2018 4:12am
Attached Image (click to enlarge)
Click to Enlarge Name: 82218au.png Size: 23 KB

Long AU +5 locked
  • #6,872
  • Aug 22, 2018 7:27am Aug 22, 2018 7:27am
Long UC with one pip locked. News coming....
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 39 KB
  • #6,873
  • Aug 22, 2018 7:31am Aug 22, 2018 7:31am
Quoting Dobbsie
Long UC with one pip locked. News coming.... {image}
Stopped out with my lonely pip.
Next....
  • #6,874
  • Aug 22, 2018 7:46am Aug 22, 2018 7:46am
Been running The DAX across multiple methods all day and sure enough, that included a 1-2-3...

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30.H1as1-2-3cwSupplyDrop22ndAug18inctimestamp.png Size: 32 KB
  • #6,875
  • Aug 22, 2018 7:48am Aug 22, 2018 7:48am
Quoting lemercenaire
Been running The DAX across multiple methods all day and sure enough, that included a 1-2-3... {image}
Before anyone asks, yes, I entered short straight away, not waiting for any test of the High. I was looking at Supply on the H4 as well as this H1 here.
  • #6,876
  • Aug 22, 2018 9:19am Aug 22, 2018 9:19am
Attached Image (click to enlarge)
Click to Enlarge Name: 82218eu.png Size: 17 KB

Caught a nice short on the EU +5 locked
  • #6,877
  • Aug 22, 2018 9:20am Aug 22, 2018 9:20am
Quoting lemercenaire
{quote} Before anyone asks, yes, I entered short straight away, not waiting for any test of the High. I was looking at Supply on the H4 as well as this H1 here.
Dammit, I wanted to ask that
  • #6,878
  • Aug 22, 2018 9:24am Aug 22, 2018 9:24am
Quoting Dobbsie
{quote} Stopped out with my lonely pip. Next....
I took +5 off that same pair a while back, I have been favoring those longer bars lately, with decent results. 1 pip is much better than a -10 loss, I can atest
  • #6,879
  • Aug 22, 2018 9:24am Aug 22, 2018 9:24am
I'm with you Hal. Got 10 pips locked in. Waiting for news...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 37 KB
  • #6,880
  • Aug 22, 2018 9:30am Aug 22, 2018 9:30am
Quoting hal7
{quote} I took +5 off that same pair a while back, I have been favoring those longer bars lately, with decent results. 1 pip is much better than a -10 loss, I can atest
That's for sure!
I have to revisit my MM. I'm getting a lot of trades that go +5, I lock +1 in only to get stopped out.
Maybe I'll try your MM approach. Not sure my platform can do partial exits...
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