Trading is as simple as 1-2-3 | Page 346 | 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

  • #6,901
  • Aug 27, 2018 4:45pm Aug 27, 2018 4:45pm
Quoting lemercenaire
Possible set-up coming on GJ.
Took a while to get going and ended up a double-dipper but off we go...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYas1-2-3tookawhiletogetgoing27thAug18DoubleDipper.jpg Size: 671 KB
  • #6,902
  • Aug 28, 2018 2:17am Aug 28, 2018 2:17am
Quoting hal7
{image} Long GJ +5 locked +20, 10 trailer on
Still in my GJ long from yesterday +67 now have a 40 trailer on it because I'm greedy.
  • #6,903
  • Aug 28, 2018 2:27am Aug 28, 2018 2:27am
Quoting lemercenaire
Just too easy on UC. I missed it, lol... {image}
I would say at times it's easy as 1-2-3, but I don't know about easy.
  • #6,904
  • Aug 28, 2018 2:32am Aug 28, 2018 2:32am
Quoting hal7
{quote} I would say at times it's easy as 1-2-3, but I don't know about easy.
Come on, Hal. It's just a matter of pulling the trigger. It'll then either go good or it'll go bad, right? How hard can it be?

Gotta' be eazy-peazy-lemon-squeezy!
  • #6,905
  • Aug 28, 2018 3:27am Aug 28, 2018 3:27am
Attached Image (click to enlarge)
Click to Enlarge Name: 82818eg.png Size: 22 KB

Short EG +5 locked
  • #6,906
  • Edited 5:04am Aug 28, 2018 3:28am | Edited 5:04am
Quoting lemercenaire
{quote} Come on, Hal. It's just a matter of pulling the trigger. It'll then either go good or it'll go bad, right? How hard can it be? Gotta' be eazy-peazy-lemon-squeezy!
Easy for you to say... I knew I was missing something, lemons.
  • #6,907
  • Aug 28, 2018 6:46am Aug 28, 2018 6:46am
Quoting hal7
{quote} Still in my GJ long from yesterday +67 now have a 40 trailer on it because I'm greedy.
Now +86, I like these types....
  • #6,908
  • Aug 28, 2018 6:49am Aug 28, 2018 6:49am
Quoting hal7
{quote} Now +80, I like these types....
Soon be able to trade in your Skoda then Hal
every Saint has a past. Every Sinner has a Future
  • #6,909
  • Aug 28, 2018 6:51am Aug 28, 2018 6:51am
Quoting turnip15
{quote} Soon be able to trade in your Skoda then Hal
Yes indeed
  • #6,910
  • Edited 12:55pm Aug 28, 2018 9:23am | Edited 12:55pm
What's your behavior in a situation of strong-directional trend, Hal?

I mean, you just take your SL and don't trade, or you reverse and ride the trend?
  • #6,911
  • Aug 28, 2018 10:36am Aug 28, 2018 10:36am
Awesome double dip move on Cable. Anyone get it? (I didn't - I've been picking up the scraps from the table, lol).
  • #6,912
  • Aug 28, 2018 12:55pm Aug 28, 2018 12:55pm
Quoting MrGreen95
What's your behavior in a situation of strong-directional trend, Hal? Maybe guided by some news or other macro data... I mean, you just take your SL and don't trade, or you reverse and ride the trend?


@Lem i'd like to know your thoughts too :-)
  • #6,913
  • Aug 28, 2018 1:48pm Aug 28, 2018 1:48pm
Quoting MrGreen95
{quote} @Lem i'd like to know your thoughts too :-)
Usually you'll have other information that will guide you. First port of call would be the H4 tf perhaps. What's happening up there? Where is price in relation to the ADR?

What time of day is it? You get the picture. I use Supply + Demand. Others, maybe pivots or support and resistance. Even fibs can prove very useful.

However, that's all more about what to do to stay out of a trend or bad beat. What you're asking about is if you are in a trade and it turns into a trend, I take it?

In that case, I personally will counter-trade my way out of it, just as I do in my other methods.

Alternatively, cut your losses and wait for a re-entry, it's not rocket science. If you have hit a stop, then at least then any temptation to enter on the next High that has no doubt formed will now be tempered by the additional price action you have seen and are seeing now.

If you are unsure of having reached a top-out, then simply wait and go in on either a HOLO that will probably follow, or a retrace move after the original 1-2-3 entry.
  • #6,914
  • Aug 28, 2018 2:47pm Aug 28, 2018 2:47pm
Gold showing a possible Long in the air.
  • #6,915
  • Aug 28, 2018 6:13pm Aug 28, 2018 6:13pm
Quoting MrGreen95
What's your behavior in a situation of strong-directional trend, Hal? I mean, you just take your SL and don't trade, or you reverse and ride the trend?
Well first I like to be on the right side of it as I was with my GJ trade yesterday. But it all depends on where one gets in and there is a lot of chance just plain luck on that. What I have been doing lately especially at the start of London is playing with the trend if I see it breaking strongly. In other words When the new highs or lows are breaking I will try to go with that. 1-2-3 is basically a reversal method. It can also be just scalping in ranging markets . There are a number of ways to play it. You just have to experiment to find a fit for your style of trading. The best set up and one I am always looking to get on is that reversal that is the start of the big move, my record so far was an EJ months ago that ran about 300 over several days.
  • #6,916
  • Aug 28, 2018 6:53pm Aug 28, 2018 6:53pm
All right guys, thanks Very precious informations! I'll copy the answers and i'll add it to my personal "bible"

Good night and trade well
  • #6,917
  • Aug 29, 2018 2:32am Aug 29, 2018 2:32am
Attached Image (click to enlarge)
Click to Enlarge Name: 82918gj.png Size: 18 KB

Here is that run I caught on the GJ the other day. I happened to get in during early London and it kept motoring. A day London markets were on holiday by the way.
  • #6,918
  • Aug 29, 2018 2:36am Aug 29, 2018 2:36am
Attached Image (click to enlarge)
Click to Enlarge Name: 82918eg.png Size: 22 KB

By contrast today I took this EG long off that low, but reversed it out short as it went against me rather quickly. In this case it worked, but one has to be careful of getting whipsawed.
  • #6,919
  • Aug 29, 2018 2:49am Aug 29, 2018 2:49am
Quoting hal7
{image} By contrast today I took this EG long off that low, but reversed it out short as it went against me rather quickly. In this case it worked, but one has to be careful of getting whipsawed.
The counter-trade in action. Nice.
  • #6,920
  • Aug 29, 2018 3:48am Aug 29, 2018 3:48am
Quoting lemercenaire
{quote} The counter-trade in action. Nice.
Also you can see Lem had I been around 4 hrs earlier I would have caught that same short from the top. Those are fantastic set ups when that second high fails. But alas I have to sleep several minutes a day.
2 traders viewing now