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Trading is as simple as 1-2-3

  • #6,941
  • Aug 30, 2018 9:28am Aug 30, 2018 9:28am
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The EU I had both long and short earlier taking +5 on both. This one I just managed +5 before it is moving down now. However I had taken it on a break out trade earlier and got burned on that one (violet line) but I leveraged my loss back on the 123 long, which is a gamble and would not recommend, I happened to be lucky enough. If it takes out that low again I am tempted to take that trade again but probably won't.
  • #6,942
  • Aug 30, 2018 10:02am Aug 30, 2018 10:02am
Hello all,

I wanted to introduce myself and thank the active contributors.

Thank you TooSlow, Hal, Lemercenaire, and others for the effort you've expended in demonstrating this method to others. I’ve been learning about trading for the past 2 years, hopping from method to method as I inevitably fail or become frustrated. I've been lurking on this board for the last several weeks and trading this method on a demo account, but at this point I win less than I lose. This is in large part due my own stupidity and cretinous inability to follow these very simple rules (if anyone is selling a pill that makes one more patient, please let me know, haha). I also like to stand in front of freight trains.

-youyouyou
Assimilate into your very bones a set of trading rules that works for you."
  • #6,943
  • Aug 30, 2018 12:04pm Aug 30, 2018 12:04pm
Quoting youyouyou
Hello all, I wanted to introduce myself and thank the active contributors. Thank you TooSlow, Hal, Lemercenaire, and others for the effort you've expended in demonstrating this method to others. I’ve been learning about trading for the past 2 years, hopping from method to method as I inevitably fail or become frustrated. I've been lurking on this board for the last several weeks and trading this method on a demo account, but at this point I win less than I lose. This is in large part due my own stupidity and cretinous inability to follow these very...

How can you fail with it? You are missing something.

Can you post all your losing trades? Open MT4 and go in your trade history, then drag the loosers one on the charts
  • #6,944
  • Aug 30, 2018 12:04pm Aug 30, 2018 12:04pm
Quoting youyouyou
Hello all, I wanted to introduce myself and thank the active contributors. Thank you TooSlow, Hal, Lemercenaire, and others for the effort you've expended in demonstrating this method to others. I’ve been learning about trading for the past 2 years, hopping from method to method as I inevitably fail or become frustrated. I've been lurking on this board for the last several weeks and trading this method on a demo account, but at this point I win less than I lose. This is in large part due my own stupidity and cretinous inability to follow these very...
Yes, well most of us have been down the same road. This method is called Trading is Simple as 1-2-3. The method certainly is. Trading Forex can be a bit more challenging. It takes a lot of time and experience to get it right. But when you get there it is definitely worth the effort, trials, and tribulations. Some days nothing seems to work, then there are days when everything seems to. Today was one of those really good days for me, no particular rhyme or reasons I was just making the right decisions and the market obliged.

There is a lot of ways to trade this is one method among many. Find what appeals to you then try to understand as much as you can about it and the flow of the market in relation, day in day out. I have been at it around 11 years now, this particular method I have used about 2 years now. I trade about 6 different ones. Good luck
  • #6,945
  • Aug 30, 2018 12:07pm Aug 30, 2018 12:07pm
Missed this very nice trade. EJ
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  • #6,946
  • Aug 30, 2018 12:08pm Aug 30, 2018 12:08pm
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Long GJ +5 locked That's a wrap for me today, time to cool off a dip in the ocean. But wait the water temp is 85!
  • #6,947
  • Aug 30, 2018 12:13pm Aug 30, 2018 12:13pm
Quoting hal7
{image} Long GJ +5 locked That's a wrap for me today, time to cool off a dip in the ocean. But wait the water temp is 85!
H4- Interesting to see where GJ has stopped..!
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  • #6,948
  • Aug 30, 2018 1:57pm Aug 30, 2018 1:57pm
eu, +23

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Wherever you go, there you are (Jon Kabat-Zinn)
  • #6,949
  • Aug 30, 2018 3:19pm Aug 30, 2018 3:19pm
Quoting youyouyou
Hello all, I wanted to introduce myself and thank the active contributors. Thank you TooSlow, Hal, Lemercenaire, and others for the effort you've expended in demonstrating this method to others. I’ve been learning about trading for the past 2 years, hopping from method to method as I inevitably fail or become frustrated. I've been lurking on this board for the last several weeks and trading this method on a demo account, but at this point I win less than I lose. This is in large part due my own stupidity and cretinous inability[/highlight]...
Well, the good thing is that (a) you seem to know why and where you are going wrong and (b) you can laugh about it.

Hang onto the sense of humour and get rid of the stupidity and you'll be on the way.

As for freight trains...

Just learn to be this guy

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  • #6,950
  • Aug 31, 2018 3:26am Aug 31, 2018 3:26am
Quoting youyouyou
I've been lurking on this board for the last several weeks and trading this method. This is in large part due to my own stupidity and cretinous inability ...
Some traders do not immediately begin to make decisions on a clean chart. Maybe you need an indicator hint.
Choose the one that helped you the last two years, add it to the chart and analyze the joint indicators.
For example: added RSI with a short period and / or stochastics.

Good luck!
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Wherever you go, there you are (Jon Kabat-Zinn)
  • #6,951
  • Aug 31, 2018 3:39am Aug 31, 2018 3:39am
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Long CF +5 locked classic set up
  • #6,952
  • Edited 4:01am Aug 31, 2018 3:43am | Edited 4:01am
Quoting Genry_05
{quote} Some traders do not immediately begin to make decisions on a clean chart. Maybe you need an indicator hint. Choose the one that helped you the last two years, add it to the chart and analyze the joint indicators. For example: added RSI with a short period and / or stochastics. Good luck! {image}
I don't think TooSlow will be too pleased with your advice Genry 05, the whole purpose of this method it to banish the squigglies.
  • #6,953
  • Edited 5:47am Aug 31, 2018 3:51am | Edited 5:47am
Quoting hal7
{quote} I don't think TooSlow will be too pleased with you advice Genry 05, the whole purpose of this method it to banish the squigglies.
Few adults use a 3-wheeled bicycle, but many started with it.
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And there is always the possibility to refuse When the confidence grows to ride on one wheel
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I did not publish all yesterday's transactions, some are more risky.
The decision to hold the position I took was analyzing the dollar index.
I could not see the indexes using only one chart, since it is a synthetic indicator from several currencies.
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Wherever you go, there you are (Jon Kabat-Zinn)
  • #6,954
  • Aug 31, 2018 4:08am Aug 31, 2018 4:08am
Quoting hal7
{quote} Take a look at TooSlow's chart posting from yesterday. Expand and read the instructions listed there. It is that simple. The bars are just the style that was set on this site by TooSlow, also makes it simple. Here is a boat that Lem suggested... , but I prefer this ....
hal, you are a funny man! Got a smile on my face.
  • #6,955
  • Aug 31, 2018 4:56am Aug 31, 2018 4:56am
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Long JY +5 locked. I actually took this one short on the break out but learned my lesson but the time it broke back through the open.
  • #6,956
  • Aug 31, 2018 6:14am Aug 31, 2018 6:14am
Quoting kaza007
{quote} hal, you are a funny man! Got a smile on my face.
Glad you liked it Kaz, I try not to take trading too seriously except when it comes down to the money part....
  • #6,957
  • Aug 31, 2018 10:14am Aug 31, 2018 10:14am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #6,958
  • Sep 1, 2018 4:15am Sep 1, 2018 4:15am
Hey Guys, I just wanted to post a chart to check I got this. I have taken a snap off EU. I broke it down to the 15 min chart so I could understand entry.

So the bar would of made a new low ( the one w the arrow) and the following bar didn't make a further low, so I would of tried to enter around the 1.29645 which would of been the open and close price of the following bar? So I suppose my next question would it be for me to put my stop just past the prior bars low?

TIA
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life is a reflection of what we allow ourselves to see
  • #6,959
  • Sep 1, 2018 4:32am Sep 1, 2018 4:32am
OK I think I should be entering on bar 3 as how would I know what bar 2 is going to do until it is completed, or analyse from a smaller time frame for entry

.
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life is a reflection of what we allow ourselves to see
  • #6,960
  • Sep 1, 2018 6:14am Sep 1, 2018 6:14am
Quoting mikeeating
Hey Guys, I just wanted to post a chart to check I got this. I have taken a snap off EU. I broke it down to the 15 min chart so I could understand entry. So the bar would of made a new low ( the one w the arrow) and the following bar didn't make a further low, so I would of tried to enter around the 1.29645 which would of been the open and close price of the following bar? So I suppose my next question would it be for me to put my stop just past the prior bars low? TIA {image}
Yeah, you got a slightly unusual entry bar in that open and close are virtually identical. However that aside, the set-up is spot on.

If the stop is kind if close, you can adjust it to a slightly larger one - your call.

Remember though, as per rules, you enter as price crosses the open level of your second bar.

If you start to analyse whether pa of this that and the other is perfect, you're going to miss entries.

Whether you are prepared to put up with those misses in order to (possibly) maximise your entries, well you'll need to crunch your numbers to see what is actually more profitable.
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