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Trading is as simple as 1-2-3

  • #9,141
  • Oct 25, 2019 10:03pm Oct 25, 2019 10:03pm
hi guys.. i have a question.

what if i identified the highest point in daily TF.. then the opening price of the daily candle is also the highest opening price.. then comedown to H1 TF there is a candle which opened inside the area of interest. (in between the highest point and highest opening) so i will wait or put sell stop in the highest opening price..

then what if after i put the sell stop,.. the next day, we a have new highest opening.. so there is a new area of interest.

1. should i close my first sell stop?
2. what if i did not close, then there trade signal on the new area of interest? should i put another sell stop? so i will have a 2 sell stop on different level?
3, what is the TP or trailing stop value for daily ?

hope you can understand my question and English. not so good on explaining in english. and im still practicing and getting to know this system so pardon me if my questions are too dumb.


thanks guys... pls see attached photo
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PATIENCE AND DISCIPLINE!
  • #9,142
  • Oct 28, 2019 6:34am Oct 28, 2019 6:34am
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Short NZ +5 locked same bar
  • #9,143
  • Oct 28, 2019 11:34am Oct 28, 2019 11:34am
Quoting harold1
hi guys.. i have a question. what if i identified the highest point in daily TF.. then the opening price of the daily candle is also the highest opening price.. then comedown to H1 TF there is a candle which opened inside the area of interest. (in between the highest point and highest opening) so i will wait or put sell stop in the highest opening price.. then what if after i put the sell stop,.. the next day, we a have new highest opening.. so there is a new area of interest. 1. should i close my first sell stop? 2. what if i did not close, then...
Follow the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,144
  • Oct 29, 2019 3:22am Oct 29, 2019 3:22am
Quoting TooSlow
{quote} Where is price? Above/below previous daily session high/low? What is today's range? Above/below average range? What color is the current H4 candle? Are you trading with it or against it? The technique lies in the questions you answer while trading. You don't know, I don't know and nobody knows what will happen next.
If only
  • #9,145
  • Oct 29, 2019 3:23am Oct 29, 2019 3:23am
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Long CA +5 locked
  • #9,146
  • Oct 29, 2019 4:21am Oct 29, 2019 4:21am
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Long JY +5 locked
  • #9,147
  • Oct 29, 2019 6:25am Oct 29, 2019 6:25am
i cant understand please give us a candlestick chart with explanation where to trade


i cannot understand bar chart .. it sucks
  • #9,148
  • Oct 29, 2019 6:30am Oct 29, 2019 6:30am
How long u r trading this

how much per day or month u r making

what is the draw down
  • #9,149
  • Oct 29, 2019 6:42am Oct 29, 2019 6:42am
Quoting tkamal81
i cant understand please give us a candlestick chart with explanation where to trade i cannot understand bar chart .. it sucks
Really? You want a whole method's layout and template to change just for you? ''It sucks.'' Are you 12?

It really isn't that difficult.

Here is a candlestick chart.

Attached Image (click to enlarge)
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I am assuming you know where the open and close levels are?

Here is the same chart as a bar chart.

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Now I'll draw the open and close levels for you.

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The bar chart is used for 1-2-3 because it makes it easy to (1) see levels as horizontal lines and (2) to make it easy to see at a glance whether one is using this 1-2-3 method, or its cousin, HOLO. HOLO uses candles. If you find bars so confusing, perhaps HOLO may be more your style.

As for the rules, they are right there all the way through the thread, starting at page#1, post #1. There are three moves to consider + make. I have written out those three moves as three sentences throughout this thread, over and over and over again.
  • #9,150
  • Oct 29, 2019 7:58am Oct 29, 2019 7:58am
Quoting lemercenaire
{quote} Really? You want a whole method's layout and template to change just for you? ''It sucks.'' Are you 12? It really isn't that difficult. Here is a candlestick chart. {image} I am assuming you know where the open and close levels are? Here is the same chart as a bar chart. {image} Now I'll draw the open and close levels for you. {image} The bar chart is used for 1-2-3 because it makes it easy to (1) see levels as horizontal lines and (2) to make it easy to see at a glance whether one is using this 1-2-3 method, or its cousin, HOLO. HOLO uses...

Quoting tkamal81
How long u r trading this how much per day or month u r making what is the draw down
FFS - Lem has already tried to help you out. DEMO it to find out for yourself and how you cope with the approach.
So start from post one and put the work in. Nothing is handed to you on a plate -you have to make a kin effort.
every Saint has a past. Every Sinner has a Future
  • #9,151
  • Oct 29, 2019 8:29am Oct 29, 2019 8:29am
Quoting TooSlow
{image} Highest highs have red caps. In summary, a bar makes a high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. Lowest lows have blue socks. In summary, a bar makes a low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar. These are the #2 candles of the 1-2-3 pattern. Use your own discretion in deciding when to trade.
Any time duration? example, price couldn't take out the previous candle's high within 10,20,or 30mins before returning to the open before considering to sell or opposite for buy. Please, I will appreciate a clearer explanation base on your experience in trading this strategy for how long I don't know. Thanks
  • #9,152
  • Oct 29, 2019 10:52am Oct 29, 2019 10:52am
Quoting lemercenaire
{quote} Really? You want a whole method's layout and template to change just for you? ''It sucks.'' Are you 12? It really isn't that difficult. Here is a candlestick chart. {image} I am assuming you know where the open and close levels are? Here is the same chart as a bar chart. {image} Now I'll draw the open and close levels for you. {image} The bar chart is used for 1-2-3 because it makes it easy to (1) see levels as horizontal lines and (2) to make it easy to see at a glance whether one is using this 1-2-3 method, or its cousin, HOLO. HOLO uses...

DONT BE ANGRY FRIEND.. I APPRECIATE YOUR HARD WORK!

but what is my stop loss and take profit

do i trade every h1 bars which failed to cross previous high and falling from daily open (for short)

and every h1 bars which failed to break previous low and rising from daily open (for long)

is this is ur strategy??
  • #9,153
  • Oct 29, 2019 11:05am Oct 29, 2019 11:05am
can we use this on daily candle
  • #9,154
  • Oct 29, 2019 11:28am Oct 29, 2019 11:28am
Quoting tkamal81
can we use this on daily candle
Please read post #1.

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,155
  • Oct 29, 2019 11:29am Oct 29, 2019 11:29am
Quoting Ebali1
{quote} Any time duration? example, price couldn't take out the previous candle's high within 10,20,or 30mins before returning to the open before considering to sell or opposite for buy. Please, I will appreciate a clearer explanation base on your experience in trading this strategy for how long I don't know. Thanks
Attached Image (click to enlarge)
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Read post #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,156
  • Oct 29, 2019 11:41am Oct 29, 2019 11:41am
Quoting Ebali1
{quote} Any time duration? example, price couldn't take out the previous candle's high within 10,20,or 30mins before returning to the open before considering to sell or opposite for buy. Please, I will appreciate a clearer explanation base on your experience in trading this strategy for how long I don't know. Thanks
Read the instructions on my chart.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,157
  • Oct 29, 2019 1:22pm Oct 29, 2019 1:22pm
i have 2 question on images - please help- thanks
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  • #9,158
  • Oct 30, 2019 2:21am Oct 30, 2019 2:21am
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Short CA +5 locked
  • #9,159
  • Oct 30, 2019 6:29am Oct 30, 2019 6:29am
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Short EJ +5 locked Have been in this one for some time now. Red arrow my key high, entered at the break of the opening price of the next bar, as per rule. Some have asked where is your stop? I chose 5 pips above that red arrow high. On the long entries I use 3 pips below the low. This one just missed getting stopped out with that new high but made it by 1 pip
  • #9,160
  • Oct 30, 2019 6:47am Oct 30, 2019 6:47am
Quoting hal7
{image} Short EJ +5 locked Have been in this one for some time now. Red arrow my key high, entered at the break of the opening price of the next bar, as per rule. Some have asked where is your stop? I chose 5 pips above that red arrow high. On the long entries I use 3 pips below the low. This one just missed getting stopped out with that new high but made it by 1 pip
i sold on bar #3 (when closed) . hitted my stoploss .was it wrong ?
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