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Trading is as simple as 1-2-3

  • #8,741
  • Jul 26, 2019 2:46am Jul 26, 2019 2:46am
Quoting maxwell87
{quote} Hello hal, in this chart for example. You took the trade on the current bar H[0], but this bar could make a new higher high. So... I always wait for the current bar H[0] not to make a higher high (or lower low) (These are the rules). It then becomes bar H[1] and I trade that open of H[1] as an entry. Regards, Max
No, rules are that price ''tests'' the new high. It does not mean you have to wait for the bar to close.
  • #8,742
  • Edited 3:37am Jul 26, 2019 3:27am | Edited 3:37am
Attached Image (click to enlarge)
Click to Enlarge Name: 072619gj.png Size: 19 KB

Long GJ +5 locked For Maxwell this trade I started in the previous hour. Note the red arrow. that is the bar I am keying off of. It made a new low. The very next bar I made my entry as it moved down toward that low and did not make a new low but moved back up through the open of that bar. That is entry. It took until this hour to make the +5 that I use for my initial target. At that point I then decide to either close the trade, take a partial profit, and/or move my stop to BE. I vary this quite a bit.
  • #8,743
  • Jul 26, 2019 3:38am Jul 26, 2019 3:38am
OK,

thanks for the detailed explanation. I also vary this a lot, but variation is a problem in trading :/

Regards,
Max
  • #8,744
  • Jul 26, 2019 4:03am Jul 26, 2019 4:03am
Quoting maxwell87
OK, thanks for the detailed explanation. I also vary this a lot, but variation is a problem in trading :/ Regards, Max
If you are new to the method don't vary anything. Stick to the rules as laid out on TooSlow's chart. Varying is how I take profit and manage the trade after I have entered. It has nothing to do with varying the entry rules.
  • #8,745
  • Jul 26, 2019 4:07am Jul 26, 2019 4:07am
Attached Image (click to enlarge)
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Long GU +5 locked Similar to the GJ trade from two hours ago, took this long to get to +5. Just missed getting stopped. I had it set at 1.24222.
  • #8,746
  • Jul 26, 2019 4:50am Jul 26, 2019 4:50am
Attached Image (click to enlarge)
Click to Enlarge Name: 072619eu.png Size: 17 KB

Long EU +5 locked
  • #8,747
  • Jul 26, 2019 5:17am Jul 26, 2019 5:17am
MYM BE+0
Covered cost on this one, closed early, going to breakfast with the family.
Attached Image (click to enlarge)
Click to Enlarge Name: MYM 09-19 (60 Minute) 2019_07_26 (6_14_25 AM).png Size: 54 KB
Wow! I've got some experience to gain.
  • #8,748
  • Jul 28, 2019 2:51am Jul 28, 2019 2:51am
Missed this EA 123 Long on Daily chart ...but may still have some legs...
Attached Image (click to enlarge)
Click to Enlarge Name: A325958A-FA75-4568-8004-AA50FA4B36FC.jpeg Size: 497 KB
  • #8,749
  • Jul 28, 2019 7:57pm Jul 28, 2019 7:57pm
Quoting Tereticornis
Missed this EA 123 Long on Daily chart ...but may still have some legs... {image}
Why do you have green wormy lines on your chart?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,750
  • Jul 28, 2019 8:08pm Jul 28, 2019 8:08pm
Quoting TooSlow
{quote} Why do you have green wormy lines on your chart?
Oops the wiggly line police got me again ... I forgot to take them off ...sorry TS...
  • #8,751
  • Jul 29, 2019 1:11am Jul 29, 2019 1:11am
Quoting Tereticornis
{quote} Oops the wiggly line police got me again ... I forgot to take them off ...sorry TS...
Attached Image (click to enlarge)
Click to Enlarge Name: batslap.jpg Size: 70 KB
  • #8,752
  • Jul 29, 2019 2:00am Jul 29, 2019 2:00am
GA Daily ...
Attached Image (click to enlarge)
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  • #8,753
  • Jul 29, 2019 2:41am Jul 29, 2019 2:41am
XAUUSD Hourly...
Attached Image (click to enlarge)
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  • #8,754
  • Jul 29, 2019 3:54am Jul 29, 2019 3:54am
Attached Image (click to enlarge)
Click to Enlarge Name: 072919eu.png Size: 18 KB

Long EU +5 locked same bar
  • #8,755
  • Jul 29, 2019 3:56am Jul 29, 2019 3:56am
I have been following this thread since 2017. that is the only pattarn i trade. guys stop the search. I just joined this forum to encourage us. thanks to forexfactory.
  • #8,756
  • Jul 29, 2019 5:44am Jul 29, 2019 5:44am
Quoting dododl
I have been following this thread since 2017. that is the only pattarn i trade. guys stop the search. I just joined this forum to encourage us. thanks to forexfactory.
Great to hear you've had such success and thanks for dropping by - as you say, it does encourage those just starting out.
  • #8,757
  • Jul 29, 2019 6:03am Jul 29, 2019 6:03am
Attached Image (click to enlarge)
Click to Enlarge Name: 072919ca.png Size: 18 KB

Short CA +5 locked
  • #8,758
  • Jul 29, 2019 8:23am Jul 29, 2019 8:23am
UC Daily chart...
Attached Image (click to enlarge)
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  • #8,759
  • Jul 29, 2019 8:49am Jul 29, 2019 8:49am
Quoting dododl
I have been following this thread since 2017. that is the only pattarn i trade. guys stop the search. I just joined this forum to encourage us. thanks to forexfactory.
Hello, welcome,

nice to hear. Do you have a track record you are willing to share? This would really inspire newcomers...(me)

Regards,
Max
  • #8,760
  • Jul 29, 2019 8:53am Jul 29, 2019 8:53am
Hello all,

I have a question about this setup. What if H open is close to Daily open? No trade? Or trade away from Daily open?

Regards,
Max
Attached Image (click to enlarge)
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