Trading is as simple as 1-2-3 | Page 455 | 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

  • #9,081
  • Oct 17, 2019 4:15am Oct 17, 2019 4:15am
[quote=TooSlow;12564605]{quote} Use the tools provided to learn this method. You have too much crap on your chart.[/quote]

tool provided?I have not seen any too maybe so i use my own template.
  • #9,082
  • Oct 17, 2019 4:40am Oct 17, 2019 4:40am
Quoting kingpat
{quote} Use the tools provided to learn this method. You have too much crap on your chart. tool provided?I have not seen any too maybe so i use my own template.
The indicator for 1-2-3 is in the paperclip on the HOLO thread. Edit inputs to suit 1-2-3.
  • #9,083
  • Edited 2:02am Oct 18, 2019 12:47am | Edited 2:02am
Attached Image (click to enlarge)
Click to Enlarge Name: 101819ej.png Size: 18 KB

Long EJ +5 locked +20
  • #9,084
  • Oct 18, 2019 12:49am Oct 18, 2019 12:49am
Attached Image (click to enlarge)
Click to Enlarge Name: 101819eu.png Size: 17 KB

Long EU +5 locked
  • #9,085
  • Edited 5:12am Oct 18, 2019 1:09am | Edited 5:12am
Attached Image (click to enlarge)
Click to Enlarge Name: 101819cf.png Size: 18 KB

Still in my CF short from 2 days ago +111, will close this out today
  • #9,086
  • Oct 18, 2019 1:28am Oct 18, 2019 1:28am
Quoting lemercenaire
I have read through all these 454 page without understanding the method. @hal77 and the rest of the crew member who understand this concept of trading can someone record a video and teach us this method?The person can upload video on youtube the paste the link here.I guess it will sell as a lot of good. 2.Can someone use candle chart to trade this method?I can see all of you are using bar chat am waiting for a reply (1) For Shorts 1: Did bar #1 make a new high? If no, bin it. If yes... 2: Did bar #2 test and fail to make a new high? If yes... 3:...
thanks a lot bro !!
  • #9,087
  • Oct 18, 2019 3:40am Oct 18, 2019 3:40am
Attached Image (click to enlarge)
Click to Enlarge Name: 101819jy.png Size: 18 KB

Short JY +5 locked
  • #9,088
  • Oct 18, 2019 5:00am Oct 18, 2019 5:00am
Quoting lemercenaire
{quote} The indicator for 1-2-3 is in the paperclip on the HOLO thread. Edit inputs to suit 1-2-3.
so we have to look every candle right?
  • #9,089
  • Oct 18, 2019 5:05am Oct 18, 2019 5:05am
Quoting MrDarren
{quote} so we have to look every candle right?
You should have a pretty good idea of when price is reaching an extreme on any given pair.

There are also indicators out there that will alert you to a new high or low, so you know you will watch that pair in the next hour.
  • #9,090
  • Oct 18, 2019 5:40am Oct 18, 2019 5:40am
Quoting MrDarren
{quote} so we have to look every candle right?
Go to Post 1...….……...it couldn't be any simpler !
every Saint has a past. Every Sinner has a Future
  • #9,091
  • Oct 18, 2019 6:11am Oct 18, 2019 6:11am
Like others, I too have struggled to understand the strategy being presented here, and believe it to be due to a combination of the wording of the instructions being a little unclear, and the screenshots not clearly showing entries and stops.

From what I can gather - and please correct me if I'm wrong - but this is simply trading bounces from daily highs or lows, yes?

If so, then, in my own words, following a bounce from a new high or low, if the candle following the bounce tests the high/low a second time (or comes reasonably close) and then falls away, an order is entered as soon as the price passes the open of the second candle. Did I get that right?

Thanks,
Paul
"Pips are vanity. Profit is sanity."
  • #9,092
  • Edited 8:08am Oct 18, 2019 7:50am | Edited 8:08am
correct me pls
Attached Image (click to enlarge)
Click to Enlarge Name: unknown.png Size: 80 KB
  • #9,093
  • Edited 8:06am Oct 18, 2019 7:55am | Edited 8:06am
EURUSD 10/18/2019

Correct entry ??no i think couse it make higher high right?
Attached Image (click to enlarge)
Click to Enlarge Name: unknown.png Size: 93 KB
  • #9,094
  • Oct 18, 2019 8:13am Oct 18, 2019 8:13am
EURUSD 15M chart to see more details
Attached Image (click to enlarge)
Click to Enlarge Name: unknown.png Size: 46 KB
  • #9,095
  • Oct 18, 2019 11:33am Oct 18, 2019 11:33am
Quoting PaulDV
Like others, I too have struggled to understand the strategy being presented here, and believe it to be due to a combination of the wording of the instructions being a little unclear, and the screenshots not clearly showing entries and stops. From what I can gather - and please correct me if I'm wrong - but this is simply trading bounces from daily highs or lows, yes? If so, then, in my own words, following a bounce from a new high or low, if the candle following the bounce tests the high/low a second time (or comes reasonably close) and then falls...
Sounds right to me
Wow! I've got some experience to gain.
  • #9,096
  • Oct 18, 2019 11:39am Oct 18, 2019 11:39am
Quoting PaulDV
Like others, I too have struggled to understand the strategy being presented here, and believe it to be due to a combination of the wording of the instructions being a little unclear, and the screenshots not clearly showing entries and stops. From what I can gather - and please correct me if I'm wrong - but this is simply trading bounces from daily highs or lows, yes? If so, then, in my own words, following a bounce from a new high or low, if the candle following the bounce tests the high/low a second time (or comes reasonably close) and then falls...
Yep.
  • #9,097
  • Oct 18, 2019 11:44am Oct 18, 2019 11:44am
Quoting Drakeras
EURUSD 15M chart to see more details {image}
Why are you using the 15 min chart? It doesn't make anything clearer.

Just use the H1 chart. You'll see one bar set the new High or Low, then another that didn't. You can then clearly mark the level of entry, as it is the only Open/Close that it can be.

Two bars. One line.
  • #9,098
  • Oct 18, 2019 11:54am Oct 18, 2019 11:54am
Quoting lemercenaire
{quote} Why are you using the 15 min chart? It doesn't make anything clearer. Just use the H1 chart. You'll see one bar set the new High or Low, then another that didn't. You can then clearly mark the level of entry, as it is the only Open/Close that it can be. Two bars. One line.

Thank you, i hope u Review and correct me in post#9094 + 9093
  • #9,099
  • Oct 18, 2019 1:20pm Oct 18, 2019 1:20pm
Quoting Drakeras
{quote} Thank you, i hope u Review and correct me in post#9094 + 9093
#9093 is perfect.

Now, I would normally have you run your own check list to answer your own question. However the example of #9094 is actually an interesting teaching point, so I'm willing to run with it.

If you looked at this example after the fact, then no, it's not correct, as the High is made anew by the second candle.

However, in real life, you would possibly have already been in the trade before it retraced to then make a new High. It would then be a case of where you had set your stop as to whether you would have been closed out or if you had enough room to let it breath and then bagged the profit when it did in fact eventually turn back down.

Of course, if you had been stopped out, there is nothing to say you couldn't re enter on the later move (unless you limited yourself to one trade per H1 bar).

As an aside, looking at it after the fact, you would have also been able to enter off of the candle that shows the High here as well.
  • #9,100
  • Oct 18, 2019 1:35pm Oct 18, 2019 1:35pm
Quoting lemercenaire
{quote} #9093 is perfect. Now, I would normally have you run your own check list to answer your own question. However the example of #9094 is actually an interesting teaching point, so I'm willing to run with it. If you looked at this example after the fact, then no, it's not correct, as the High is made anew by the second candle. However, in real life, you would possibly have already been in the trade before it retraced to then make a new High. It would then be a case of where you had set your stop as to whether you would have been closed out or...
Greet, Thanks @lemercenaire
6 traders viewing now