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Trading is as simple as 1-2-3

  • #7,421
  • Dec 5, 2018 3:58am Dec 5, 2018 3:58am
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Long EG +5 locked Here's a case where I probably would have been stopped at it would have been at .8895, and that is exactly where it went. I had it at .8888 having forgot to set it
  • #7,422
  • Dec 5, 2018 4:45am Dec 5, 2018 4:45am
Hi Hal7.. I'm following this tread, you'd be so kind to post your template and related indicators...thank

do you use tp 5 pip? and stop loss low or high last bar?
  • #7,423
  • Dec 5, 2018 9:19am Dec 5, 2018 9:19am
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WAITING...
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,424
  • Dec 5, 2018 10:02am Dec 5, 2018 10:02am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,425
  • Dec 5, 2018 10:21am Dec 5, 2018 10:21am
UJ
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  • #7,426
  • Dec 5, 2018 10:43am Dec 5, 2018 10:43am
My EG trade is stil alive (on be +1 was my decision to don't move be +5) from 14.00 1 signal 2 entry 13+ i can say these method stared to work for mee
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  • #7,427
  • Dec 5, 2018 11:38am Dec 5, 2018 11:38am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,428
  • Dec 5, 2018 3:11pm Dec 5, 2018 3:11pm
Hey TooSlow ... I saw your post and thought that you were pointing this out as a trade recommendation, so I took it.

If I'm doing this right, I went short at the yellow vertical line ... looks like I'm gonna lose, eh? It ain't over yet, but it sure doesn't look good at the moment. Care to comment? This is more like a scalping system ... no? Target a couple of pips and get out? I'm beginning to think forex trading is a massive waste of time. Trying to wrap your head around someone else's idea just to lose money isn't my idea of fun! Maybe I'll go into buying abandoned storage lockers and holding yard sale after yard sale til death do I part!
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  • #7,429
  • Dec 5, 2018 9:23pm Dec 5, 2018 9:23pm
Yup ... another losing trade!
  • #7,430
  • Dec 5, 2018 9:50pm Dec 5, 2018 9:50pm
Quoting MichaelG
{quote} Hi nozzer. Hope this helps. Candle A makes a new HIGH. Candle B fails to make a new HIGH. Once that is identified and price pulls back.....SELL at the OPEN price of candle B. (which is normally the close price of candle A) Cheers {image}
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Hi tenthman.
I posted this a while ago. I hope it helps explain the entry requirements.

It would appear from your chart that you have entered at the wrong level, and a bit late.

Any question, please let me know.
Cheers
  • #7,431
  • Dec 5, 2018 10:13pm Dec 5, 2018 10:13pm
Quoting MichaelG
{quote} {image} Hi tenthman. I posted this a while ago. I hope it helps explain the entry requirements. It would appear from your chart that you have entered at the wrong level, and a bit late. Any question, please let me know. Cheers
Hi Michael.

If in your example bar B had not made a new high but had closed as an up bar, (and assuming) price had not returned to the open, there would be no trade. This is what happened in tenthman's trade. Do you still take the trade on bar "C" as tenthman did, be it as price crossed the open. If yes does bar C have to make a lower high than bar B or just lower than bar A.

Hope this makes sense, good to see you posting in the thread again.
Good Trading
  • #7,432
  • Dec 5, 2018 11:04pm Dec 5, 2018 11:04pm
Quoting aud
{quote} Hi Michael. If in your example bar B had not made a new high but had closed as an up bar, (and assuming) price had not returned to the open, there would be no trade. This is what happened in tenthman's trade. Do you still take the trade on bar "C" as tenthman did, be it as price crossed the open. If yes does bar C have to make a lower high than bar B or just lower than bar A. Hope this makes sense, good to see you posting in the thread again.

Hi aud.

I will answer that by pointing you towards TooSlow's rule number 1. I think that will answer your question.

1) Did a new Daily High or new Daily low happen LAST BAR ?
If YES/TRUE, go to question 2, OTHERWISE FIND ANOTHER PAIR.

Hope that answers you question. Let me know if it doesn't.
Cheers
  • #7,433
  • Dec 6, 2018 2:17am Dec 6, 2018 2:17am
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Long GU +5 locked same bar
  • #7,434
  • Dec 6, 2018 2:26am Dec 6, 2018 2:26am
Quoting robymen
Hi Hal7.. I'm following this tread, you'd be so kind to post your template and related indicators...thank do you use tp 5 pip? and stop loss low or high last bar?
The templates and indicators are posted in the thread at top. A few of the indicators I use may not be there because I don't have permission, but they are not necessary and just labels really.

The stop loss I use is 3 below low, 5 above high. The +5 is my initial target to adjust trade stops or profit, I vary that quite a bit. Sometimes percentage off, sometimes BE +1, sometimes take it at +5.
  • #7,435
  • Dec 6, 2018 2:42am Dec 6, 2018 2:42am
Quoting MichaelG
{quote} ~~ Hope that answers you question. Let me know if it doesn't. Cheers
oops Sure does, thx.
Good Trading
  • #7,436
  • Dec 6, 2018 3:22am Dec 6, 2018 3:22am
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Short CF +5 locked
  • #7,437
  • Dec 6, 2018 3:24am Dec 6, 2018 3:24am
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Long EU +5 locked
  • #7,438
  • Dec 6, 2018 4:14am Dec 6, 2018 4:14am
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Short GU +5 locked
  • #7,439
  • Dec 6, 2018 5:11am Dec 6, 2018 5:11am
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Long EJ +5 locked
  • #7,440
  • Dec 6, 2018 5:18am Dec 6, 2018 5:18am
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Short CA +5 locked Got stopped on first shot But second round was the charm
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