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Trading is as simple as 1-2-3

  • #9,281
  • Nov 19, 2019 3:05am Nov 19, 2019 3:05am
Quoting TooSlow
{image}
Heya Tooslow! Yesterday was a great sell trade on NZD/CHF (and on EUR/CHF but i didn't have time to open it), I hope you took that!
The first day way good. After an 8 loss trades there were 4 with profit that covered the loss and made overall profit!
I found the buttons indicator, which makes trading easy, but i can't make the same window with the buttons, that you, Tooslow, have on screen. Can you share the *.set file? Best regards.
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  • #9,282
  • Nov 19, 2019 3:33am Nov 19, 2019 3:33am
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Short GU +5 locked
  • #9,283
  • Nov 19, 2019 3:42am Nov 19, 2019 3:42am
Quoting hal7
{image} Short GU +5 locked
Hello hal7! Yes, this is a good one! Well done! Do you use anything to help you open the trades, calculate the stop loss and lot size automaticly, or you do it manualy/by your hands? Thanx in advance for your reply.
  • #9,284
  • Nov 19, 2019 3:44am Nov 19, 2019 3:44am
EURGBP BUY
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  • #9,285
  • Nov 19, 2019 3:48am Nov 19, 2019 3:48am
Waiting for a new low
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  • #9,286
  • Nov 19, 2019 3:48am Nov 19, 2019 3:48am
EURUSD +5 +10 +10 (SL hit after goes 15 pip from entry)
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  • #9,287
  • Nov 19, 2019 4:02am Nov 19, 2019 4:02am
Quoting ntvm
{quote} Hello hal7! Yes, this is a good one! Well done! Do you use anything to help you open the trades, calculate the stop loss and lot size automaticly, or you do it manualy/by your hands? Thanx in advance for your reply.
No, I simply watch them and enter manually. I have my stop 5 above the high, on a short, 3 below the low on a long. Sometimes I will pull the trade if it is running against me. At +5 I will usually take a percentage off. Then move my stop or go to a trailing stop if he trade moves in my direction. My trade size rule is never more that 1%.
  • #9,288
  • Nov 19, 2019 4:07am Nov 19, 2019 4:07am
Gold - 2 Text book trades opened.. 3rd trade was a late entry the setup was found in H4 and moved to BE as soon as i was in profit. Waiting for another setup to materialize..
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  • #9,289
  • Nov 19, 2019 4:46am Nov 19, 2019 4:46am
Quoting hal7
{quote} No, I simply watch them and enter manually. I have my stop 5 above the high, on a short, 3 below the low on a long. Sometimes I will pull the trade if it is running against me. At +5 I will usually take a percentage off. Then move my stop or go to a trailing stop if he trade moves in my direction. My trade size rule is never more that 1%.
No, I simply watch them and enter manually.

Well, the same I do, but if you have 5 or more tradable paris you have to be fast, that's why I asked. In this case an indicator with calculation of lot size would help alot, because the size of stop loss in pips is different. Sometimes the stop is only 5, sometimes 15. If the indicator could show on chart your lotsize with the 1% risk. Btw, i use too only 1% risk per trade.

I have my stop 5 above the high, on a short, 3 below the low on a long.

I use New daily High price + 2 pip + spread on buy and New Daily Low price - 2 pip on sell. No need to put more, cuz in this case the price will do a New Daily High/Low.

At +5 I will usually take a percentage off.

I wish I could ))) Lol. With the small account and small lotsize it's hard ))) If you trade (and as i saw you trade) long ago - yes, take the half of the possition and let the rest fly.

Then move my stop or go to a trailing stop if he trade moves in my direction.

When do you turn the traling stop on and what's the step?
  • #9,290
  • Nov 19, 2019 4:55am Nov 19, 2019 4:55am
Quoting ntvm
{quote} No, I simply watch them and enter manually. Well, the same I do, but if you have 5 or more tradable paris you have to be fast, that's why I asked. In this case an indicator with calculation of lot size would help alot, because the size of stop loss in pips is different. Sometimes the stop is only 5, sometimes 15. If the indicator could show on chart your lotsize with the 1% risk. Btw, i use too only 1% risk per trade. I have my stop 5 above the high, on a short, 3 below the low on a long. I use New daily High price + 2 pip + spread on buy...

for lot size better write it down manually at excel or your notebook or for me i write at a white board near my desk.
for example $1000 account 1% 10 pip 0,1 , 15 pip 0.06 and so on.
i use babypips position calculator to count my stop.
  • #9,291
  • Nov 19, 2019 4:57am Nov 19, 2019 4:57am
Quoting Fx-ken
{quote} for lot size better write it down manually at excel or your notebook or for me i write at a white board near my desk. for example $1000 account 1% 10 pip 0,1 , 15 pip 0.06 and so on. i use babypips position calculator to count my stop.
Yeah, I think I'll do it now so, but on future I think this indicator may help alot just because right now I see potential 18 setups to trade. )))

I use Myfxbook calculator ))
  • #9,292
  • Edited 5:41am Nov 19, 2019 4:58am | Edited 5:41am
Quoting ntvm
{quote} No, I simply watch them and enter manually. Well, the same I do, but if you have 5 or more tradable paris you have to be fast, that's why I asked. In this case an indicator with calculation of lot size would help alot, because the size of stop loss in pips is different. Sometimes the stop is only 5, sometimes 15. If the indicator could show on chart your lotsize with the 1% risk. Btw, i use too only 1% risk per trade. I have my stop 5 above the high, on a short, 3 below the low on a long. I use New daily High price + 2 pip + spread on buy...
Im using ICMarkets Mini terminal. Been useful for me.
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  • #9,293
  • Nov 19, 2019 8:11am Nov 19, 2019 8:11am
Quoting ntvm
{quote} Heya Tooslow! Yesterday was a great sell trade on NZD/CHF (and on EUR/CHF but i didn't have time to open it), I hope you took that! The first day way good. After an 8 loss trades there were 4 with profit that covered the loss and made overall profit! I found the buttons indicator, which makes trading easy, but i can't make the same window with the buttons, that you, Tooslow, have on screen. Can you share the *.set file? Best regards. {image}
From your questions, it is easy to deduce you are new to this method. Only trade one pair until you master the method. Focus on execution not indicators. The results, as in profits, will follow. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,294
  • Nov 19, 2019 2:11pm Nov 19, 2019 2:11pm
Quoting TooSlow
{quote} From your questions, it is easy to deduce you are new to this method. Only trade one pair until you master the method. Focus on execution not indicators. The results, as in profits, will follow. Cheers!
Yes, you are right. I’m new to this method and I like it. What’s your recomendations which pair to choose?
  • #9,295
  • Nov 19, 2019 6:34pm Nov 19, 2019 6:34pm
Quoting ntvm
{quote} Yes, you are right. I’m new to this method and I like it. What’s your recomendations which pair to choose?
Not knowing anything about you, I would suggest you trade EURUSD or GBPUSD. Good range and plenty of action.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,296
  • Edited 8:30am Nov 20, 2019 3:24am | Edited 8:30am
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Long GJ +5 locked +47, 20 trailer on
  • #9,297
  • Nov 20, 2019 6:31am Nov 20, 2019 6:31am
My first trade... SL at BE
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80% effort, 20% luck
  • #9,298
  • Edited 10:08pm Nov 20, 2019 8:32pm | Edited 10:08pm
Nice asian session profits locked in

Gold and GJ
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  • #9,299
  • Nov 21, 2019 12:30am Nov 21, 2019 12:30am
Quoting KOS-fx
My first trade... SL at BE {image}
1st tade BE
2nd Trade U/J short
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80% effort, 20% luck
  • #9,300
  • Nov 21, 2019 2:15am Nov 21, 2019 2:15am
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Short CF +5 locked
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