Trading is as simple as 1-2-3 | Page 403 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

trading is simple - trading is easy 43 replies

Simple trading method 49 replies

Attachments: Trading is as simple as 1-2-3
Exit Attachments

Trading is as simple as 1-2-3

  • #8,041
  • Mar 29, 2019 2:28am Mar 29, 2019 2:28am
Quoting will.cyan259
{quote} Hi hal7, I have a question, how you can determine the target for TP. I have no problem for entry but no idea for TP. Are there any rules for TP or we just do it as our preference.
TP and managing a trade is a preference you can make depending on your style of trading. I have used a number of different ones. Each has it pluses and minuses. The +5 is always my target on the trade. From there you can move SL to BE +1 and then switch to trailing stops at +10 or +20. You can take the profit at +5. You can take a % off at +5 or at any level. You can leave your original SL in place. There are many variations. Currently I take between 50% and 90% of my profit at +5 and leave my SL in place. From time to time I change the method and compare my results. So to recap there are no rules in profit taking, just what suits you best.
  • #8,042
  • Mar 29, 2019 3:04am Mar 29, 2019 3:04am
Attached Image (click to enlarge)
Click to Enlarge Name: 032919eu.png Size: 18 KB

Short EU +5 locked same bar from last hour
  • #8,043
  • Mar 29, 2019 4:07am Mar 29, 2019 4:07am
Attached Image (click to enlarge)
Click to Enlarge Name: 032919gj.png Size: 17 KB

Long GJ +5 locked
  • #8,044
  • Mar 29, 2019 4:31am Mar 29, 2019 4:31am
Hey guys,
what news made the GBPUSD drop 60 pips between 10:00 - 11:00.?
The slide was more around 10:55

Edit: or is this just the usual...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_M1_strategy name_20190329122701.gif Size: 14 KB
  • #8,045
  • Mar 29, 2019 4:34am Mar 29, 2019 4:34am
Attached Image (click to enlarge)
Click to Enlarge Name: 032919eg.png Size: 17 KB

Short EG +5 locked
  • #8,046
  • Mar 29, 2019 4:40am Mar 29, 2019 4:40am
Quoting kaza007
Hey guys, what news made the GBPUSD drop 60 pips between 10:00 - 11:00.? The slide was more around 10:55 Edit: or is this just the usual... {image}
Nothing in the news that I could see, but it was certainly sudden just before the open. Usual malaise is probably correct
  • #8,047
  • Mar 29, 2019 4:56am Mar 29, 2019 4:56am
Attached Image (click to enlarge)
Click to Enlarge Name: 032919nz.png Size: 19 KB

Short NZ +5 locked
  • #8,048
  • Mar 29, 2019 4:58am Mar 29, 2019 4:58am
Attached Image (click to enlarge)
Click to Enlarge Name: 032919au.png Size: 18 KB

Short AU +5 locked
  • #8,049
  • Mar 29, 2019 5:03am Mar 29, 2019 5:03am
Quoting kaza007
Hey guys, what news made the GBPUSD drop 60 pips between 10:00 - 11:00.? The slide was more around 10:55 Edit: or is this just the usual... {image}
Oh, I dunno...possibly that little thing called Brexit?
  • #8,050
  • Mar 29, 2019 6:17am Mar 29, 2019 6:17am
Attached Image (click to enlarge)
Click to Enlarge Name: 032919ej.png Size: 17 KB

Long EJ +5 locked
  • #8,051
  • Mar 31, 2019 5:27pm Mar 31, 2019 5:27pm
Quoting hal7
{image} Long EJ +5 locked
Hi I am a newcomer here, method looks beautifully simple. Hal your win rate must be upwards of 90% - Seems like you rarely lose!
  • #8,052
  • Mar 31, 2019 10:17pm Mar 31, 2019 10:17pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW1.png Size: 54 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,053
  • Apr 1, 2019 2:26am Apr 1, 2019 2:26am
Quoting mtzimmer1
{quote} Hi I am a newcomer here, method looks beautifully simple. Hal your win rate must be upwards of 90% - Seems like you rarely lose!
I don't post my losses. I definitely stay ahead though. I am always looking for ways to avoid the losses. I have been trading this for over two years so experience helps a lot.
  • #8,054
  • Apr 1, 2019 2:28am Apr 1, 2019 2:28am
Attached Image (click to enlarge)
Click to Enlarge Name: 040119.png Size: 18 KB

Short EJ +5 locked
  • #8,055
  • Apr 1, 2019 2:29am Apr 1, 2019 2:29am
Attached Image (click to enlarge)
Click to Enlarge Name: 040119gj.png Size: 20 KB

Short GJ +5 locked
  • #8,056
  • Apr 1, 2019 3:17am Apr 1, 2019 3:17am
While watching for my morning play, this 1-2-3 fell into my lap. Went for about +10, I took the +5.

Price never moved more than a hair up at the open, however after a strong single candle push like that, the likelihood is you'll get a retrace of some sort.

DAX H1

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30.H1as1-2-3april1st2019crop.png Size: 18 KB


The play I was waiting on never happened, so this was a nice bonus.
  • #8,057
  • Apr 1, 2019 3:26am Apr 1, 2019 3:26am
Quoting lemercenaire
While watching for my morning play, this 1-2-3 fell into my lap. Went for about +10, I took the +5. Price never moved more than a hair up at the open, however after a strong single candle push like that, the likelihood is you'll get a retrace of some sort. DAX H1 {image} The play I was waiting on never happened, so this was a nice bonus.
Might be another one on the next hour as well.
  • #8,058
  • Apr 1, 2019 5:00am Apr 1, 2019 5:00am
Attached Image (click to enlarge)
Click to Enlarge Name: 040119ca.png Size: 17 KB

Long CA +5 locked
  • #8,059
  • Apr 1, 2019 5:09am Apr 1, 2019 5:09am
My first attempt this morning, had to trade the same bar twice, because my fat finger clicked close instead of modify the 1st time
not traded but observed there are also similar setups on EU, GU, GP and AU this morning.

Short EJ +4.8 closed
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 55 KB
  • #8,060
  • Apr 1, 2019 5:23am Apr 1, 2019 5:23am
Quoting lemercenaire
{quote} Might be another one on the next hour as well.
There was...and a very nice one it has proved to be indeed.

DAX H1

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30.H1as2nd1-2-3april1st2019crop.png Size: 17 KB
1 trader viewing now