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Trading is as simple as 1-2-3

  • #8,841
  • Aug 19, 2019 4:52am Aug 19, 2019 4:52am
Quoting doubletop
Good morning all. My first trade of this week staying with EURJPY . Exit +5,31 DT {image}
May I ask why this particular pair? I'm just curios, since TS obviously prefers USDJPY.
  • #8,842
  • Aug 19, 2019 5:38am Aug 19, 2019 5:38am
Quoting Silverwater
{quote} May I ask why this particular pair? I'm just curios, since TS obviously prefers USDJPY.
Good afternoon Siverwater,

To be honest no real particular reason behind it.

it's just that I wish to stick to one pair as per rules until I get the hang of this style of trading TooSlows thread.

No doubt you have looked at my attempt to trade various other pairs and my trading was all over the place.

Best regards, DT
  • #8,843
  • Aug 19, 2019 6:05am Aug 19, 2019 6:05am
Quoting doubletop
{quote} Good afternoon Siverwater, To be honest no real particular reason behind it. it's just that I wish to stick to one pair as per rules until I get the hang of this style of trading TooSlows thread. No doubt you have looked at my attempt to trade various other pairs and my trading was all over the place. Best regards, DT
Another good reason would be that as you are based in the UK, then trading the Euro makes more sense than the USD which TS trades as he is in the US.

I used to find that EJ worked very well in the UK early session.
  • #8,844
  • Aug 19, 2019 6:25am Aug 19, 2019 6:25am
Quoting lemercenaire
{quote} Another good reason would be that as you are based in the UK, then trading the Euro makes more sense than the USD which TS trades as he is in the US. I used to find that EJ worked very well in the UK early session.
Hello Lemercenaire,

Many thanks for your input, much appreciated.

Really didn't think of it in this way, looks like I was lucky in my choice!

Best regards, DT
  • #8,845
  • Aug 19, 2019 6:31am Aug 19, 2019 6:31am
Last one for today as this appears to be a typical Monday session!

Late entry therefore early exit! +3.06 . DT
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  • #8,846
  • Aug 19, 2019 9:00am Aug 19, 2019 9:00am
UC shooting for the moon. Anyone get it at lift-off?
  • #8,847
  • Aug 20, 2019 7:15am Aug 20, 2019 7:15am
Good afternoon all,

First trade for today resulted in loss -7.50 . DT
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  • #8,848
  • Aug 20, 2019 7:16am Aug 20, 2019 7:16am
Same again I'm afraid.

Loss of -7.59 DT
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  • #8,849
  • Aug 20, 2019 7:19am Aug 20, 2019 7:19am
One more, stuck with the system.

resulted in a gain of +16.15 . DT . Just back in profit for today!

Any comments most welcome, all the best DT
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  • #8,850
  • Aug 20, 2019 8:21am Aug 20, 2019 8:21am
Apologies, i'm still having a very difficult time understanding this thread/system. So when a new daily high happened, we will wait for the next bar, ensuring that this bar will not make or higher high. So when do we enter a position?
  • #8,851
  • Aug 20, 2019 8:43am Aug 20, 2019 8:43am
Quoting marckerfark
Apologies, i'm still having a very difficult time understanding this thread/system. So when a new daily high happened, we will wait for the next bar, ensuring that this bar will not make or higher high. So when do we enter a position?
You enter when price crosses back over the Open Level of the second bar (the bar that fails to make a new H or L).
  • #8,852
  • Aug 20, 2019 8:47am Aug 20, 2019 8:47am
Quoting lemercenaire
{quote} You enter when price crosses back over the Open Level of the second bar (the bar that fails to make a new H or L).
Thank you i understand better now, How bout SL and TPs?
  • #8,853
  • Aug 20, 2019 8:53am Aug 20, 2019 8:53am
Quoting marckerfark
{quote} Thank you i understand better now, How bout SL and TPs?
Have you read this thread? There are over 400 pages. Is it possible you are the first one to ask those questions? Think about it, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,854
  • Aug 21, 2019 1:16am Aug 21, 2019 1:16am
Too bad the DAX made a new High before price dropped back over the Open level. +5 would have been made at least. Oh well. Next time.
  • #8,855
  • Aug 21, 2019 1:24am Aug 21, 2019 1:24am
Quoting lemercenaire
Too bad the DAX made a new High before price dropped back over the Open level. +5 would have been made at least. Oh well. Next time.
Hi Lemercenaire,

DAX has become my favourite instrument of late, but not here unfortunately, but still no wiggly lines! cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #8,856
  • Aug 21, 2019 1:35am Aug 21, 2019 1:35am
Quoting Davidh061
{quote} Hi Lemercenaire, DAX has become my favourite instrument of late, but not here unfortunately, but still no wiggly lines! cheers, Dave
Hi Dave, I have seen you Renkoing away, lol.

The DAX is just the gift that keeps on giving (with teeth attached ).

For me, there is no better scalping medium.
  • #8,857
  • Aug 21, 2019 1:53am Aug 21, 2019 1:53am
Quoting lemercenaire
{quote} Hi Dave, I have seen you Renkoing away, lol. The DAX is just the gift that keeps on giving (with teeth attached ). For me, there is no better scalping medium.
Renkoing - have you just invented a new verb? , I always think that Renko should be the name of a gunfighter in a spaghetti western - The Renko kid! Yes I agree the DAX does have teeth - it can reverse so quickly but the daily price movement can be wonderful! I am struggling to find openings on the DAX with 1-2-3/HiLo - this is probably just me. Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #8,858
  • Aug 21, 2019 2:05am Aug 21, 2019 2:05am
Quoting Davidh061
{quote} Renkoing - have you just invented a new verb? , I always think that Renko should be the name of a gunfighter in a spaghetti western - The Renko kid! Yes I agree the DAX does have teeth - it can reverse so quickly but the daily price movement can be wonderful! I am struggling to find openings on the DAX with 1-2-3/HiLo - this is probably just me. Cheers, Dave
Lee van Cleef would be perfect!

As for the DAX and HOLO / 1-2-3 I find you need to pay attention to S+D and ADR and then it all clicks. Also, as always with the DAX, there are very repeatable patterns that become clear once you become familiar with it (don't tell TS ;p) )
  • #8,859
  • Aug 21, 2019 2:11am Aug 21, 2019 2:11am
Quoting lemercenaire
{quote} Lee van Cleef would be perfect! As for the DAX and HOLO / 1-2-3 I find you need to pay attention to S+D and ADR and then it all clicks. Also, as always with the DAX, there are very repeatable patterns that become clear once you become familiar with it (don't tell TS ;p) )
LOL! - many thanks for the advice on how to handle it wrt 1-2-3. The repeatability generally works well with Renko.
Everything should be made as simple as possible, but no simpler - Einstein
  • #8,860
  • Aug 21, 2019 5:48am Aug 21, 2019 5:48am
Quoting lemercenaire
Too bad the DAX made a new High before price dropped back over the Open level. +5 would have been made at least. Oh well. Next time.
That DAX got the job done in the end. In the interest of clarity, I should point out that as well as the 1-2-3 entry (at the red circle), I was already in on the drop out of the Supply Zone, as a Spike-Hunt and so yes, if I was waiting on the classic 1-2-3 entry, it would have been a virtually instantaneous entry on the trigger bar, as there was as-near-as-dammit no move back towards the High.

The max drop on the bar was around +18 or so.

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