Trading is as simple as 1-2-3

Quoting Fx-ken

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{quote} hope my EURUSD Chart can help you understand I trade mainly at Frankfurt Open / London Open the orange box is the trigger bar (price make a new high), i put my stop usually 10-15 pip above, if the wick more then 15/20 pip i will not take it. at first entry (9:00 bar) you gain 5 pip but the price goes back make a new high, when the price goes 5 pip i will take half profit and move half of my position to BE+1 (im using the Holo trailing method), but you will get stop out +1 or -10 if you not move your stop. at the second entry the wick is...

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Quoting Tx15

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{quote} Evening PaulDV, Your post could not be more accurately stated. I frequently check in to TooSlow's site, and I keep seeking what you so honestly stated in your post...a screenshot of the entries alone is not too much to ask. That request alone would assist all as we seek to truly understand the clearly stated trading rules. Hope that you and I are not the only ones that are asking for such a simple request, TX15

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Quoting PaulDV

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{quote} I agree, thank you. There's really only 3 reasons for posting a chart: Seeking advice. Helping others. Showing off. Not showing entries is of no help whatsoever for options 1 or 2, and casual passers by to the thread who are seeking corroboration of the rules by way of example screenshots, won't stop and subscribe because the screenshots simply don't show the entries and stops.

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Quoting Fx-ken

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{quote} hope my EURUSD Chart can help you understand I trade mainly at Frankfurt Open / London Open the orange box is the trigger bar (price make a new high), i put my stop usually 10-15 pip above, if the wick more then 15/20 pip i will not take it. at first entry (9:00 bar) you gain 5 pip but the price goes back make a new high, when the price goes 5 pip i will take half profit and move half of my position to BE+1 (im using the Holo trailing method), but you will get stop out +1 or -10 if you not move your stop. at the second entry the wick is...

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Quoting tantra

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I think there's a reason for not showing the entrances! It takes 5 seconds to check 3 simple rules 1- new high / low 2- test high low 3 - enter at open price. The hard part is to follow the simple rules

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Quoting MrDarren

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{quote} thank you for your chart, very easy explanation to understand what if the price doesn't try to go down, the open price goes up right away. What should we do ? open position or not?

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Quoting MrDarren

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{quote} thank you for your chart, very easy explanation to understand what if the price doesn't try to go down, the open price goes up right away. What should we do ? open position or not?

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Quoting Fx-ken

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{quote} if it make a new high or new low you don't take it, and wait for the next candle. retest and failed make a new high or low and take position when the price goes to h1 open.

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Quoting lemercenaire

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{quote} If the second bar opens and immediately moves off without any move to test the extreme, then technically you would leave the trade, as you would be entering too late. However, if you wait, often price will return to what would have been your entry level and should you wish, you can enter at that time.

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Quoting MrDarren

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{quote} thank you, where do i place my stop loss?

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Quoting tantra

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I think there's a reason for not showing the entrances! It takes 5 seconds to check 3 simple rules 1- new high / low 2- test high low 3 - enter at open price. The hard part is to follow the simple rules

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Quoting lemercenaire

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{quote} Just where you would have placed it if the trade had been entered off the first move. Assuming you got a pull back all the way to the open level, then it's treated just as if you had gone in earlier.

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Quoting MrDarren

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{quote} entry and exit based on rule, make sense. thank you for your help, very much appreciated.

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Quoting MrDarren

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{quote} thank you for your chart, very easy explanation to understand what if the price doesn't try to go down, the open price goes up right away. What should we do ? open position or not?

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Quoting hal7

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{image} Short GU +5 locked

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