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Trading is as simple as 1-2-3

  • #7,101
  • Oct 2, 2018 2:14am Oct 2, 2018 2:14am
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Short CF +5 locked
  • #7,102
  • Oct 2, 2018 4:40am Oct 2, 2018 4:40am
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Long JY +5 locked same bar
  • #7,103
  • Oct 2, 2018 11:20am Oct 2, 2018 11:20am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,104
  • Oct 3, 2018 4:25am Oct 3, 2018 4:25am
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Short JY +5 locked
  • #7,105
  • Oct 3, 2018 1:21pm Oct 3, 2018 1:21pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,106
  • Oct 3, 2018 6:57pm Oct 3, 2018 6:57pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,107
  • Oct 4, 2018 1:21am Oct 4, 2018 1:21am
Hi,
I just bump into this thread, this is quite similar with HOLO with lower TF.
Just want to ask 1 question :

- it's about rule #2, "Did this bar test the high or low of last bar ?"

What condition clarify that the bar test the hi/lo of last bar ?
let's assume last bar is the highest of the day, and current bar, just go up a little from the open price and go back to the open price, can we say it tested the last high ?
or maybe the difference of the high and current bar is x pips ?

I've enclosed a pic.

Thanks
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May the odds be ever in your favor
  • #7,108
  • Oct 4, 2018 2:16am Oct 4, 2018 2:16am
Quoting HanHanid
Hi, I just bump into this thread, this is quite similar with HOLO with lower TF. Just want to ask 1 question : - it's about rule #2, "Did this bar test the high or low of last bar ?" What condition clarify that the bar test the hi/lo of last bar ? let's assume last bar is the highest of the day, and current bar, just go up a little from the open price and go back to the open price, can we say it tested the last high ? or maybe the difference of the high and current bar is x pips ? I've enclosed a pic. Thanks {image}
This one is open to interpretation to a degree and you will see that as you gain more experience with 1-2-3.

However, to answer your question, yes, that does qualify.
  • #7,109
  • Oct 4, 2018 2:44am Oct 4, 2018 2:44am
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Short CA +5 locked As Lem stated the failed move is open to interpretation. This one only moved .2 pips, but I liked the set up looking left.
  • #7,110
  • Oct 4, 2018 3:35am Oct 4, 2018 3:35am
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Long JY +5 locked Similar set up to the CA short but this one long. I prefer set ups that move significantly toward the high or low first. But I also like these that revisit a high or low after hours have elapsed. And my third preferred is the long bar.
  • #7,111
  • Oct 4, 2018 4:05am Oct 4, 2018 4:05am
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In case anyone is wondering what standing in front of a freight train looks like.... Of course hopping on board yesterday in the other direction would have been a nice ride, but I was not up at that time.
  • #7,112
  • Oct 4, 2018 4:16am Oct 4, 2018 4:16am
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Long AU +5 locked Having said that I stepped right out in front of it because I liked the longer bar. And I will probably step aside quickly if it reverses course.
  • #7,113
  • Oct 4, 2018 6:06am Oct 4, 2018 6:06am
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Short GU +5 locked I took this trade last hour, it made the new high that hour but came all the way back down a long bar, and a big fail.
  • #7,114
  • Edited 7:23am Oct 4, 2018 6:11am | Edited 7:23am
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Short GJ +5 locked Had posted the wrong trade above but I am in both of these pairs short. Again last hour classic big bar and classic illustration of a move toward the high and failure to make a new high. +23. 10 trailer on
  • #7,115
  • Edited 7:23am Oct 4, 2018 6:55am | Edited 7:23am
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Short EJ +5 locked and the EJ +21, 10 trailer on
  • #7,116
  • Oct 5, 2018 2:03am Oct 5, 2018 2:03am
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Short GJ +5 locked big bar
  • #7,117
  • Oct 5, 2018 2:05am Oct 5, 2018 2:05am
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Short GU +5 locked big bar
  • #7,118
  • Oct 5, 2018 7:53am Oct 5, 2018 7:53am
Quoting hal7
A little down time here and since a few questions were directed my way, and TooSlow asked me to expand a little on how I trade 1-2-3, I am happy to do so. A little about me, I am an MBA in Investment Finance which is not all that useful in Forex trading where good instinct and persistence far outweigh what you might learn from a book. Also in my past life I was involved in the casino industry in computer operations of multi-million dollar progressive linked slot jackpots. Again I have observed some similarities to Forex trading. ...
Has anything changed?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,119
  • Oct 6, 2018 2:12am Oct 6, 2018 2:12am
Quoting TooSlow
{quote} Has anything changed?
Not really, only time, I have been running this method for about two years now...
  • #7,120
  • Oct 6, 2018 7:06pm Oct 6, 2018 7:06pm
Quoting hal7
{quote} Not really, only time, I have been running this method for about two years now...
Time flies when you're having fun!
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