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Trading is as simple as 1-2-3

  • #8,261
  • May 13, 2019 4:54am May 13, 2019 4:54am
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Long NZ +5 locked
  • #8,262
  • May 13, 2019 5:08am May 13, 2019 5:08am
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  • #8,263
  • May 13, 2019 5:34am May 13, 2019 5:34am
SL hit +1

DT
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  • #8,264
  • May 13, 2019 6:00am May 13, 2019 6:00am
Quoting doubletop
SL hit +1 DT {image}
if I may comment please on this trade? this trade didn't not follow the rules,that is why it was on loss I think,what do you think?

do you set sl manually? or by EA?becaue if we set it manually ,brokers will stop hunt all of our trades due to big lot size. thanks
  • #8,265
  • Edited 6:21am May 13, 2019 6:07am | Edited 6:21am
Hello T4Trade,

I always set manually and as soon as the position drops a small amount I set my SL at +1 Therefore giving me a free trade.
I do realise brokers look for SL positions but I just take the loss as a max drawdown of 5 pips.

Hope this helps? DT

Sorry T4Trade, I missed your initial question re the trade setup I took.
Can you tell me in what sense re the rules please?

I took it as it was an initial lower high and indeed it went to +4 but thought it would go to my +5 target.... and it didn't !
  • #8,266
  • May 13, 2019 6:30am May 13, 2019 6:30am
Just closed but cut short.....

DT
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  • #8,267
  • May 13, 2019 6:39am May 13, 2019 6:39am
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  • #8,268
  • May 13, 2019 6:48am May 13, 2019 6:48am
Dont think it was opened in the "area of interest entry line
  • #8,269
  • Edited 7:47am May 13, 2019 7:08am | Edited 7:47am
@T4Trade, im no expert but if you entered at trade as a buy,that was not the low of the day so far .the low was the first big green bar at the start of the day.the bar has to make a lower lower than the big green bar and retract for a buy trade,best you read micheal G excellent post on page 409 post 8,167
  • #8,270
  • May 13, 2019 8:13am May 13, 2019 8:13am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,271
  • May 13, 2019 8:21am May 13, 2019 8:21am
Quoting nozzer
@T4Trade, im no expert but if you entered at trade as a buy,that was not the low of the day so far .the low was the first big green bar at the start of the day.the bar has to make a lower lower than the big green bar and retract for a buy trade,best you read micheal G excellent post on page 409 post 8,167
Thanks nozzer,i can see the mistake.i am a learner.i have read that post.smhilo indicator should have drawn the H1 lower open line right?
  • #8,272
  • May 13, 2019 9:32am May 13, 2019 9:32am
Quoting T4Trade
{quote} Thanks nozzer,i can see the mistake.i am a learner.i have read that post.smhilo indicator should have drawn the H1 lower open line right?
Attaching charts without the name of the pair and the prices are not helpful. Please post entire chart. Templates and indicators have been provided FREE OF CHARGE. Do you want to learn the method? Use the tools.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,273
  • May 13, 2019 10:20am May 13, 2019 10:20am
Exit at +4 . DT
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  • #8,274
  • May 13, 2019 9:43pm May 13, 2019 9:43pm
Hal7 can I ask why you entered where you did on NU chart and why not at the hrly lowest open line (top of grey box) cheers Sp
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  • #8,275
  • May 14, 2019 12:20am May 14, 2019 12:20am
I have a little bit of confusion,if someone can solve it please.

the first candle that breaks the HOLO box and move towards the daily open is the only trade we take ,or can we take any following bars as well?

what are the rules for any candle bars following the HOLO box break candles? Thanks
  • #8,276
  • May 14, 2019 12:57am May 14, 2019 12:57am
depends how you trade IMO , I do a few if Im confident BUT you must be ready to act if needed ..IMO best to manage 1 properly untill you are proficient
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  • #8,277
  • May 14, 2019 1:34am May 14, 2019 1:34am
Added sells
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gap between sell was LACK of CONCENTRATION
  • #8,278
  • May 14, 2019 2:10am May 14, 2019 2:10am
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This is the progression of the GJ short trade I posted yesterday. I had a stop 5 above the high of the entry point. I did not move it or take anything off until today. It is currently at +87 got as much as +147. Someone had asked if I watched the charts constantly or a set and forget. At this time I will be watching them. But this was a case where I did not adjust the stop or watch it. I happened to catch the high of the day. Cannot predict those, but when you do catch them it can be a nice run.
  • #8,279
  • May 14, 2019 2:22am May 14, 2019 2:22am
Quoting starpro
Hal7 can I ask why you entered where you did on NU chart and why not at the hrly lowest open line (top of grey box) cheers Sp{image}
I sometimes post the chart later which may look different but on that NZ the red arrow was my low point and when it broke the open of the next bar was my entry point. Now sometimes I do bend the rules and take a trade on what I call the same bar. That is when the bar makes a new high or low and then breaks its open on that same bar. Like any trade is does not always work. It is always best to follow the basic rules and probably just focus on one pair starting out until you observe a lot of price action and see what happens
  • #8,280
  • May 14, 2019 3:00am May 14, 2019 3:00am
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