Trading is as simple as 1-2-3

[quote=hal7;11884904]{image} Long GU +5 locked same bar notice were it stopped[/quote]

Right at the Pivot...



...and the 50% retrace .

There has been no shortage of craziness today, as per usual Mizi if you could put a bigger label on your chart it would be easier to see what pair you are in

Hallllll

Long EU +5 locked I took this earlier and got stopped It had gotten about 6 pips on that trade but I probably had a buy stop triggering it a few above the open and missed the profit. So second shot looked like I was going to stop out on that also as I was down -14 with leverage (not recommended) . But as luck would have it pulled it off

Yep it keeps stopping there like 4 times and I keep taking it....

Long EG +5 locked I took this trade earlier for +5. It lined up nicely once again so I took it again, same result.

Short AU +5 locked

Long CA +5 locked

Short GU +5 locked

Short EU +5 locked

Long EU +5 locked

Short JY +5 locked Was in this one forever, well 4 hours. Just missed getting stopped and prevailed.

I like that Idea and tested it back for years. 2014/2015 My W/L Ratio was still above 2,0 what is awesome. Today the ratio is only 1,2. The markets getting more and more professional. It is not sufficient anymore to trade like that.

I wonder if HAL has earning at the end of the month. The problem with that System is that your profits are very little. You can only encounter that with only the best setups where your SL is also only 5 pips or even less. That means that the "air" between the last low for example and the test of the last low and the recover to the open to the current bar is only may be 3 pips big... .

Or easy say: current bar leg should be not bigger than 5 pips so you can put your SL below the low of the current candle: here is what I mean:

For newbies: The system 1-2-3 works but the W/L ratio is very low (as on all forex systems due to more professional trading).

PS: There is another problem with that system which most posters here not show: You sometimes have entries which candles are not showing (and you have a loss)!! That happens for example at candle 4 in my chart: It looks like you have no entry but you had. the market in candle 4 was testing the low of candle 3 in my chart, than were going up over the open of candle 4 and finally closed lower as you can see. So you had a loss of at least 5 pips! Keep that in mind if you backtest. I backtested it with 1 minute datas.

Problem explained: Most guys here like HAL etc. enter the market via price action and not candle close. Due to that it can happen that the market is first going in your fav direction, you enter and then turning down. That is why people like Pundit78 are annoyed by the system. Again: The W/L ratio in $ is only 1.2 currently.

Solution: If you want an easier way to enter such markets with no waiting after a new low etc. think about what the market is doing...you don't need to wait or have all the experts on MT4... TooSlow uses that entry only because it was in former times a huge market edge. Due to professional Forex it is not worth anymore to enter like that,- but you can still make profits! I recommend to start like that so you get the (little) edge why it is working.

First of all, thanks for your analysis. I'm not sure I have the energy to test to that level any more. Your thoughts are interesting.

For me, there are a handful of flaws in your analysis, however. All, admittedly, due to reasons outside of the actual base method.

By that I mean that those of us who make 1-2-3 work do so because we have adapted it in very subtle (and sometimes not so subtle) ways to maximise the profit and cut the losses.

The first main problem is that as you yourself stated, you took every trade. We don't - and I'm not talking about simple trading of sessions but fine-tuning our trade choices to a fine art.

We simply develop an eye for the very best set ups. Even TS has done this by his laser focus on UJ. Hal looks for the same key elements over and over and over again and uses tweaks such as his 'HAL-Special' same-bar entry.

For me, as well as using Supply+Demand to fine-tune my entry set ups, I don't use conventional stops, instead I counter trade to keep any negative in limbo and scalp that negative away on the retrace and will re-enter as and when I see the play, also using techniques to add-in to running positions. I am used to this style of ultra-fast scalping, so it would be stupid not to make use of it if it can help me here.

Also, for us, 1-2-3 is generally only part of a basket of methods we use, not the one-and-only.

Now, I understand that the argument can be made that none of this is mentioned in Post #1 and that it is therefore possibly misleading for newbies coming in and expecting (as they do) The Holy Grail and to be able to use the method purely 'as-is' and that's fair comment but that ultimately is up to TooSlow, as it's his thread and he can run it any way he wishes.

I do, however, think that that is more a fault of those who have a skewed view of what a genuine working method looks like and unfair expectations as to what is actually involved in making a living by trading, with this method or any other.

So, anyway, 1-2-3 is obviously not for you, so I wish you good luck in your fx journey going forward.

Long NZ +5 locked

Long EJ +5 locked

Long AU +5 locked

OK I saw my name mentioned several times by JackintheBox and a reply by Lem. I did not read it in full because I don't have the time right now as I am trading and this is not the only method I use.

I guess the gist was this method is not supposed to work. I may or may not address that later. This past hour I traded GJ, EJ, AU, EU, NZ, CA, JY all took +5 except JY and CA still waiting. Also take a look at the AU short from yesterday (arrow) I was not on for that full ride but I did take that trade and look where it went.

Short CA +5 locked from last hour same bar