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Trading is as simple as 1-2-3

  • #8,281
  • May 14, 2019 3:11am May 14, 2019 3:11am
Thanks Hal,I did notice it wasnt quite as pronounced on the hrly chart ,my gouping all did ok
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  • #8,282
  • May 14, 2019 3:56am May 14, 2019 3:56am
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Long GU +5 locked
  • #8,283
  • May 14, 2019 8:22am May 14, 2019 8:22am
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  • #8,284
  • May 14, 2019 8:26am May 14, 2019 8:26am
Quoting T4Trade
{image}
Please use the 123 template.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,285
  • May 14, 2019 8:32am May 14, 2019 8:32am
Quoting TooSlow
{quote} Please use the 123 template.
is there anything wrong with this template? this is simple template,i don't know which template you are referring to,would you plz direct me to 123 template?

since I have started posting charts,you are criticising negatively instead of mentoring that if these trades are correct or incorrect.Please focus on trades.Thanks
  • #8,286
  • May 14, 2019 10:22am May 14, 2019 10:22am
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  • #8,287
  • May 14, 2019 10:56am May 14, 2019 10:56am
Quoting T4Trade
{image} {image}
Sorry - but I have absolutely zero idea of why you are entering trades where you are. To my eyes (and if I'm wrong, sorry) these have nothing to do with 1-2-3 trades.
  • #8,288
  • May 14, 2019 11:34am May 14, 2019 11:34am
Quoting lemercenaire
{quote} Sorry - but I have absolutely zero idea of why you are entering trades where you are. To my eyes (and if I'm wrong, sorry) these have nothing to do with 1-2-3 trades.
they all are profitable trades and im following the rules that when HOLO box is broken ,we trade towards daily open and we stay away from trades if previous day HiLo is near the HOLO box,am I missing any rule,please enlightened me.

HOLO box break means when extreme high open or low open is printed when PA visits the extreme of the day and breaks,i enter on H1 opens and if it is in the desired direction for 5 pips.

would u please be kind and mark 1,2 and 3 on chart,i have not found 123 numbers written in any of the charts.it will be treat to eyes,thanks!
  • #8,289
  • May 14, 2019 1:31pm May 14, 2019 1:31pm
Quoting T4Trade
{quote} they all are profitable trades and im following the rules that when HOLO box is broken ,we trade towards daily open and we stay away from trades if previous day HiLo is near the HOLO box,am I missing any rule,please enlightened me. HOLO box break means when extreme high open or low open is printed when PA visits the extreme of the day and breaks,i enter on H1 opens and if it is in the desired direction for 5 pips. would u please be kind and mark 1,2 and 3 on chart,i have not found 123 numbers written in any of the charts.it will be treat...
They may be profitable and that's great but as I figured, there is no sign of a 1-2-3 trade in sight.

I have done this many, many...many times before and I really shouldn't be posting it again.

However, I am going to take a deep breath and do this here below...purely because I can see TooSlow with his hand over the destruct button and the sun has been shining all day and I am in a generous mood.

1-2-3

H1 Chart

Bars

For Sell Trade.

1: Bar 1 makes a new Daily High.

2: Bar 2 tries and fails to make a new Daily High.

3: Enter as price crosses back down over the level of the Bar 2 Open.

Flip that for Buy Trades.

That's it.
  • #8,290
  • May 14, 2019 5:13pm May 14, 2019 5:13pm
Quoting lemercenaire
{quote} They may be profitable and that's great but as I figured, there is no sign of a 1-2-3 trade in sight. I have done this many, many...many times before and I really shouldn't be posting it again. However, I am going to take a deep breath and do this here below...purely because I can see TooSlow with his hand over the destruct button and the sun has been shining all day and I am in a generous mood. 1-2-3 H1 Chart Bars For Sell Trade. 1: Bar 1 makes a new Daily High. 2: Bar 2 tries and fails to make a new Daily High. 3: Enter as price crosses...
Im doing exactly that,what is in my trading charts that im not doing out of these three steps? check my trades ,let me mark 123 for you.If you find any mistakes ,please guide and suggest me ,im still a learner,but your tone is very harsh.There are so many kind and generous and humble traders here in FFX forum like Michael from this very thread.
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  • #8,291
  • May 14, 2019 5:45pm May 14, 2019 5:45pm
Quoting T4Trade
{quote} Im doing exactly that,what is in my trading charts that im not doing out of these three steps? check my trades ,let me mark 123 for you.If you find any mistakes ,please guide and suggest me ,im still a learner,but your tone is very harsh.There are so many kind and generous and humble traders here in FFX forum like Michael from this very thread. {image} {image}
@T4T
Sorry to read you are in this situation.
If the environment is like this, may I suggest to change boat.
There are many other threads more supportive
  • #8,292
  • May 14, 2019 6:32pm May 14, 2019 6:32pm
Quoting T4Trade
{quote} Im doing exactly that,what is in my trading charts that im not doing out of these three steps? check my trades ,let me mark 123 for you.If you find any mistakes ,please guide and suggest me ,im still a learner,but your tone is very harsh.There are so many kind and generous and humble traders here in FFX forum like Michael from this very thread. {image} {image}
Hi T4Trade.
Lem is correct in saying that your entries/trades are not in line with this method.

Please refer below for some details.

This is your USDJPY trade.

Questions....

1) Did Bar A make the high for the day.......YES.
2) Did Bar E make a NEW high for the day......NO.
3) ENTER AS PRICE TRAVELS BACK OVER THE OPEN PRICE OF BAR E.(marked F on chart)

Your entry was on Bar G (marked on chart as H)
This was a "late" entry.

(Note: Bars B,C and D would have also provided valid entries at their OPEN prices)

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This is your NZDUSD trade.

Questions....

1) Did Bar A make the Low for the day.....YES
2) Did Bar B make a NEW low for the day....NO
3) ENTER AS PRICE TRAVELS BACK OVER THE OPEN PRICE OF BAR B.(marked on chart as C)

Your entry was on the next bar (marked on chart as D)
This was a "late" entry.

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I hope that helps. The other guys are also trying to help, as they always do. They are not trying to dismiss you.
BUT....they are pointing out that these entries are not in line with the entry method for this system.

Please let me know if that is not clear.
Cheers
Michael
  • #8,293
  • May 14, 2019 7:21pm May 14, 2019 7:21pm
Quoting MichaelG
{quote} Hi T4Trade. Lem is correct in saying that your entries/trades are not in line with this method. Please refer below for some details. This is your USDJPY trade. Questions.... 1) Did Bar A make the high for the day.......YES. 2) Did Bar E make a NEW high for the day......NO. 3) ENTER AS PRICE TRAVELS BACK OVER THE OPEN PRICE OF BAR E.(marked F on chart) Your entry was on Bar G (marked on chart as H) This was a "late" entry. (Note: Bars B,C and D would have also provided valid entries at their OPEN prices) {image} This is your NZDUSD trade....
Thanks Michael.

I used to think I was a patient person.

You have the patience of a saint.
  • #8,294
  • May 15, 2019 1:06am May 15, 2019 1:06am
Quoting T4Trade
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

Michael sir, you are amazing, salute to you! All your explanations are bible to learners.


thanks for explaining me, I am a learner and i ask for a apology to have created this confusion ,actually i asked the very same question in the post 8,276,i have quoted that post above,but I dint get any response to it,its not my right to get the response because no one is obliged here to help,traders are very kind here to teach others.


perhaps it was not clear to me that we have to take very next bar open to the previous new high or low,i thought we can enter any candle after the break of box.Although the rule is clearly written on the teaching chart of TooSlow that there should not be delay of 1 single pip,but I have studied many charts by other traders taking trades on random bars after HiLo break.


Thank you for your patience and mentorship!


Lem and Tooslow,i can understand why you ran out of patience because every day newbies come and ask ,sorry my friends.I am looking forward for your cooperation.

  • #8,295
  • May 15, 2019 1:45am May 15, 2019 1:45am
Quoting T4Trade
{quote} Michael sir, you are amazing, salute to you! All your explanations are bible to learners. thanks for explaining me, I am a learner and i ask for a apology to have created this confusion ,actually i asked the very same question in the post 8,276,i have quoted that post above,but I dint get any response to it,its not my right to get the response because no one is obliged here to help,traders are very kind here to teach others. perhaps it was not clear to me that we have to take very next bar open to the previous new[/highlight]...
Be careful that you are not confusing HOLO and 1-2-3, which I think you may be when you talk of using a ''break of (the) box'' here. There is no break of a box for 1-2-3. There is for HOLO.
  • #8,296
  • May 15, 2019 2:13am May 15, 2019 2:13am
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Short CF +5 locked
  • #8,297
  • May 15, 2019 2:19am May 15, 2019 2:19am
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Short JY +5 locked
  • #8,298
  • May 15, 2019 5:12am May 15, 2019 5:12am
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Long CF +5 locked the flip side of my earlier short
  • #8,299
  • Edited 8:23am May 15, 2019 7:12am | Edited 8:23am
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Here is how my JY short has progressed from earlier. I am at +50. Lately I have been letting my entire trade ride from my entry, the +5 just being my benchmark. I am not moving the original stop. Someday's I will get runners like this. I also have a EU short at +29, and a CF long at +24. Notice how the trade lined up at the top with previous highs on the day, that tends also to be a good formation.
  • #8,300
  • May 15, 2019 7:47am May 15, 2019 7:47am
There's a while to go yet till the top-of-the-hour but EG setting up after a LRB push North.

May have come all the way back by the time we'd be looking to get in though.
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