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Trading is as simple as 1-2-3

  • #9,361
  • Dec 3, 2019 3:18am Dec 3, 2019 3:18am
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Short GJ +5 locked
  • #9,362
  • Dec 3, 2019 6:31am Dec 3, 2019 6:31am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,363
  • Dec 3, 2019 6:44am Dec 3, 2019 6:44am
Well Done HAL ,keepintg the thread going , just nailing pips over and over ... regards SP
  • #9,364
  • Dec 3, 2019 7:31am Dec 3, 2019 7:31am
Quoting starpro
Well Done HAL ,keepintg the thread going , just nailing pips over and over ... regards SP
Hi buddy. Long time. Hope you are well.
  • #9,365
  • Dec 3, 2019 12:01pm Dec 3, 2019 12:01pm
Hello everyone, this is my first post in this thread and also first on this forum. Bellow my first trades from yesterday with this style/system.

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  • #9,366
  • Edited 8:57pm Dec 3, 2019 8:10pm | Edited 8:57pm
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION

So I get that we trade once price crosses daily open in opposite direction of new high/low. But what if price reverses direction again and then again crosses daily open? Do we keep taking those trades each time it crosses the daily open of current bar? or only once at first cross of the daily open? And when we say cross of daily open do
we mean an H1 closing above/below it ? Or any cross including wicks ?

last question: does the current candle have to test the previous candles high/low? Or can it just go halfway and reverse and cross the daily open as a trigger for trade ? I’m saying this because I’ve seen very few daily candles that just go and test the high/low of previous candle and reverse. When we say test do we mean just touching previous days high or low or can it cross and then come back down towards the daily open of current bar ?

a little clarification of these terms would be appreciated as it seems vague to me.
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  • #9,367
  • Edited 2:57am Dec 4, 2019 2:11am | Edited 2:57am
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Short EG +5 locked The high lined up nicely to 7 hrs ago, quickly turned +28 pips.
  • #9,368
  • Dec 4, 2019 4:12am Dec 4, 2019 4:12am
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+2 hrs
  • #9,369
  • Dec 4, 2019 7:15am Dec 4, 2019 7:15am
Quoting tiestobob
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION So I get that we trade once price crosses daily open in opposite direction of new high/low. But what if price reverses direction again and then again crosses daily open? Do we keep taking those trades each time it crosses the daily open of current bar? or only once at first cross of the daily open? And when we say cross of daily open do we mean an H1 closing above/below it ? Or any cross including wicks ? last question: does the current candle have to test the previous candles...
We are not trading the daily open. Reread post #1.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,370
  • Edited 7:38am Dec 4, 2019 7:27am | Edited 7:38am
Quoting TooSlow
{quote} We are not trading the daily open. Reread post #1.
nevermind thanks
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  • #9,371
  • Dec 4, 2019 9:28am Dec 4, 2019 9:28am
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  • #9,372
  • Dec 4, 2019 10:05am Dec 4, 2019 10:05am
Quoting Malkontent
{image}
Nice clean chart Malkontent, you might want to label your chart or state your pair, looks like the AJ.
  • #9,373
  • Dec 4, 2019 10:06am Dec 4, 2019 10:06am
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EG short still rolling
  • #9,374
  • Dec 4, 2019 10:12am Dec 4, 2019 10:12am
Quoting hal7
{image} EG short still rolling
We enjoy your charts and commentary Hal. Well done,
every Saint has a past. Every Sinner has a Future
  • #9,375
  • Dec 4, 2019 10:31am Dec 4, 2019 10:31am
Quoting Malkontent
{image}
did you enter Buy on the red arrow ? Price didn’t cross the daily open at that bar ...
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  • #9,376
  • Dec 4, 2019 10:32am Dec 4, 2019 10:32am
Quoting hal7
{quote} Nice clean chart Malkontent, you might want to label your chart or state your pair, looks like the AJ.
says all that on top left of his chart (yes AJ H1)
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  • #9,377
  • Dec 4, 2019 11:27am Dec 4, 2019 11:27am
Quoting hal7
{quote} Nice clean chart Malkontent, you might want to label your chart or state your pair, looks like the AJ.

Yes, this is AJ.
  • #9,378
  • Dec 4, 2019 11:36am Dec 4, 2019 11:36am
Quoting tiestobob
{quote} did you enter Buy on the red arrow ? Price didn’t cross the daily open at that bar ...

Yes, I entered on the red arrow.
  • #9,379
  • Dec 4, 2019 11:43am Dec 4, 2019 11:43am
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EG +
  • #9,380
  • Edited 1:13pm Dec 4, 2019 12:48pm | Edited 1:13pm
Quoting Malkontent
{image} EG +

There were other entries did you only take the one with the arrow ?

for example is this a valid entry ?
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