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Trading is as simple as 1-2-3

  • #7,181
  • Oct 16, 2018 3:23pm Oct 16, 2018 3:23pm
Quoting HappyMan
Let's try again. EURGBP. 1 - HL 2 - LL and waiting for 3 - HL. Am I getting it right? {image}
You have a new Low on the day (2).
The next candle doesn't make a new lower low.
Enter as price crosses back over 87587 level.
  • #7,182
  • Oct 16, 2018 4:00pm Oct 16, 2018 4:00pm
Quoting HappyMan
{quote} Thank you! Strange, but when I click on attachments, I only see 16 and "smHiLoOpen lines" is not there. Found it elsewhere. Attached for future reference. {file}
Why are traders posting HOLO indicators in this thread? That will only confuse others! Please remove.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,183
  • Oct 16, 2018 5:10pm Oct 16, 2018 5:10pm
Quoting TooSlow
{quote} Why are traders posting HOLO indicators in this thread? That will only confuse others! Please remove.
It's not HOLO, TS, it's to use the indi edited out for using only the lines needed for 1-2-3.

Isn't this the indi we are all using for 1-2-3? It's most definitely the one I use.

If it's not, perhaps you could clarify and even post the correct indicator here and into the paperclip, as it is a question asked again and again here.

Apologies if I have added to any confusion.
  • #7,184
  • Oct 16, 2018 10:05pm Oct 16, 2018 10:05pm
Quoting lemercenaire
{quote} You have a new Low on the day (2). The next candle doesn't make a new lower low. Enter as price crosses back over 87587 level.
Thank you very much for your feedback. Just to reiterate.

1) As you pointed out, the next candle must not make a new lower low. Otherwise, the chances of a reversal diminish significantly.
2) 87587 is the opening level, where the candle "turns green".

Correct?
Buy low, sell high.
  • #7,185
  • Oct 16, 2018 10:09pm Oct 16, 2018 10:09pm
Quoting TooSlow
{quote} Why are traders posting HOLO indicators in this thread? That will only confuse others! Please remove.
Dear TooSlow,

First of all, thank you very much for sharing this strategy with others. I especially like the entrance moment. It is the quickest there is.

Second, sorry if I offended you by posting an indicator. Was trying to be helpful. Deleted already.

Hope to keep learning from you and the others on this thread.

All the best!
Buy low, sell high.
  • #7,186
  • Oct 17, 2018 1:58am Oct 17, 2018 1:58am
Hi Guys & Gal's
Out of interest I'm wondering how many Pip's per trade you generally chase with this method?
I usually chase 20 give or take as I am trading with cents per trade so not making much coin otherwise.
Additionally does anyone take 2 positions on a setup and close 1 after a few pips and let the other to run until a reversal or level is reached?
Cheers DM
  • #7,187
  • Oct 17, 2018 2:47am Oct 17, 2018 2:47am
Attached Image (click to enlarge)
Click to Enlarge Name: 101718eg.png Size: 18 KB

Long EG +5 locked
  • #7,188
  • Oct 17, 2018 3:50am Oct 17, 2018 3:50am
Quoting hal7
{image} Long EG +5 locked
These are nice one's where the trigger bar opens near the close of the last bar ( arrowed) and then quickly retreats past the open of the trigger bar.
every Saint has a past. Every Sinner has a Future
  • #7,189
  • Oct 17, 2018 4:40am Oct 17, 2018 4:40am
Quoting turnip15
{quote} These are nice one's where the trigger bar opens near the close of the last bar ( arrowed) and then quickly retreats past the open of the trigger bar.
Yes I tend to favor those types. Nothing is certain in trading except taxes, but exploiting through observation can pay off.
  • #7,190
  • Edited 5:59am Oct 17, 2018 5:20am | Edited 5:59am
Attached Image (click to enlarge)
Click to Enlarge Name: 101718au.png Size: 16 KB

Short AU +5 locked these types +20 10 trailer on
  • #7,191
  • Oct 17, 2018 6:03am Oct 17, 2018 6:03am
Attached Image (click to enlarge)
Click to Enlarge Name: 101718eg2.png Size: 18 KB

Short EG +5 locked
  • #7,192
  • Oct 17, 2018 6:04am Oct 17, 2018 6:04am
Attached Image (click to enlarge)
Click to Enlarge Name: 101718jy.png Size: 16 KB

Long JY +5 locked
  • #7,193
  • Oct 17, 2018 6:17am Oct 17, 2018 6:17am
Quoting hal7
{image} Long JY +5 locked
Hi, hal7!

Can you elaborate at what point you entered? After confirmed 'W' or third kick at the level? Also entered, after the 'W'. Curious how the professionals do it.
Buy low, sell high.
  • #7,194
  • Oct 17, 2018 6:39am Oct 17, 2018 6:39am
Quoting HappyMan
{quote} Hi, hal7! Can you elaborate at what point you entered? After confirmed 'W' or third kick at the level? Also entered, after the 'W'. Curious how the professionals do it.
Happy man, that arrow is the low for JY that hour, the next hour is where I make my decision to enter the trade that is at the open price of 120.20 so as soon as price moves about that it would be the entry. In this case I got in at 120.23 and it took some time but price eventually moved all the way up to 120.31. The trading method is quite simple, as stated in the name. Once you are in the trade you will then manage it to your liking, everyone is a bit different on that. I take a partial profit at +5 and see if the rest will keep moving. Sometimes I happen to catch the low or high of the session and it can get a lot of pips. When I get to +20 I will usually switch to a 10 trailer and at some point may go to a +20 trailer.

You need to read the 7,000 posts on this thread and you will gain a lot of knowledge. Then make several hundred trades, first on a demo account, and you will learn even more. Good trading to you...
  • #7,195
  • Oct 17, 2018 1:03pm Oct 17, 2018 1:03pm
Quoting HappyMan
{quote} Hi, hal7! Can you elaborate at what point you entered? After confirmed 'W' or third kick at the level? Also entered, after the 'W'. Curious how the professionals do it.
Happy man I notice you are jumping from thread to thread, gleaning little from each, and making it apparent that your knowledge of 123 is very flimsy, showing a lack of, or very shallow, reading.
May I suggest you read from Post one onward and carry out many demo trades. That would give you the experience and knowledge to reduce the need for asking questions, the answers to which are found within this thread. Good luck.
every Saint has a past. Every Sinner has a Future
  • #7,196
  • Oct 17, 2018 2:10pm Oct 17, 2018 2:10pm
Quoting HappyMan
{quote} Thank you very much for your feedback. Just to reiterate. 1) As you pointed out, the next candle must not make a new lower low. Otherwise, the chances of a reversal diminish significantly. 2) 87587 is the opening level, where the candle "turns green". Correct?
Correct.
  • #7,197
  • Oct 17, 2018 2:27pm Oct 17, 2018 2:27pm
Quoting DaddyMacK
Hi Guys & Gal's Out of interest I'm wondering how many Pip's per trade you generally chase with this method? I usually chase 20 give or take as I am trading with cents per trade so not making much coin otherwise. Additionally does anyone take 2 positions on a setup and close 1 after a few pips and let the other to run until a reversal or level is reached? Cheers DM
Trade management for 1-2-3 is a subject that could power a whole thread on its own. Over time, those of us here who run the method have developed strategies that suit our own personal styles.

You could say that for a kind of overview, we would say:

Go for +5 and then either:

1. Bag it...

2. Move stop up and trail...

3. Take percentage off and leave stop where it is...

4. Take percentage off and move stop up.

+5 doesn't have to be ''just'' pips, it can (and is for me) +5%.

On top of that, once the trade is off and running, you can employ more advanced techniques such a stacking your position as it goes. If a trade goes negative, you can counter trade to hold any negative in limbo and bag extra as (if) price turns again back in your favour.

As I said, the latter comments are for more seasoned traders and I just put them out there to show that once you have mastered the base method, there are all sorts of ways to custom build your own variant. ''Mastered the base method'' being the operative phrase.
  • #7,198
  • Edited 11:05pm Oct 17, 2018 8:55pm | Edited 11:05pm
Quoting hal7
{quote} Happy man, that arrow is the low for JY that hour, the next hour is where I make my decision to enter the trade that is at the open price of 120.20 so as soon as price moves about that it would be the entry. In this case I got in at 120.23 and it took some time but price eventually moved all the way up to 120.31. The trading method is quite simple, as stated in the name. Once you are in the trade you will then manage it to your liking, everyone is a bit different on that. I take a partial profit at +5 and see if the rest will keep moving....
Thanks for the explanation! I have read the first twenty pages but will start over to read more carefully.

Which indi are you using to get the arrow?

Also, as the 2nd bar test the High or Low of last bar, how much leniency is allowed? Sometimes it does not quite touch it by missing 1-3 pips. From your experience, how many pips are okay?

Thank you!
Buy low, sell high.
  • #7,199
  • Oct 17, 2018 9:03pm Oct 17, 2018 9:03pm
Quoting turnip15
{quote} Happy man I notice you are jumping from thread to thread, gleaning little from each, and making it apparent that your knowledge of 123 is very flimsy, showing a lack of, or very shallow, reading. May I suggest you read from Post one onward and carry out many demo trades. That would give you the experience and knowledge to reduce the need for asking questions, the answers to which are found within this thread. Good luck.
A couple of things. First, everyone here was at a point when he or she was beginning to learn. Asking questions is a vital part of any learning. Second, the one who teaches learns twice. I have read twenty pages already and will re-read the thread starting from the beginning. If there is a particular post that you think would be helpful for me to read, feel free to say so. Best of all.
Buy low, sell high.
  • #7,200
  • Oct 17, 2018 9:33pm Oct 17, 2018 9:33pm
[quote=lemercenaire;11596079]{quote}
Thanks Lem', I appreciate you taking the time to reply to me.
I have done some trading in the past, but due to health have been unable for a few years. I wasn't overly successful previously in the long term and have now revised my ideas and wondering if I shouldn't have been looking for 50 odd pips and taken the 10 or so as they came available with more frequent trades as they came up, rather than being tied in to a trade for days. I have a 90% success rate so far with this method, although only after a few days, so only time will tell. I am trying to work my way through the pages to learn, but time as always, is the enemy!
Thanks again and best regards DM
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