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Trading is as simple as 1-2-3

  • #9,481
  • Dec 29, 2019 2:24pm Dec 29, 2019 2:24pm
so Here then ?
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  • #9,482
  • Dec 29, 2019 2:33pm Dec 29, 2019 2:33pm
Yes I know the 123 ..just one thing..on step 2 when you say " did THIS bar test the high or low ..... " you refer to the current bar ,the bar following the bar that made the new high , not the bar that made the high ..right ?
  • #9,483
  • Dec 29, 2019 2:48pm Dec 29, 2019 2:48pm
Quoting mge0rge
so Here then ? {image}
Well it depends on if in your drawing that candle is a bull or bear!

Did you read my post above in reply to your exasperation? I was pulling your leg.

I am on my phone and won't be on the charts again till well into January, so can't post up examples for you, sorry.

Rules (just for you, seeing as it's Christmas):

For Sells.

H1 Chart.

1. Bar (a) makes a new High.
2. Bar (b) fails to make a new High.
3. Enter Short as price crosses back over the Open of Bar (b).

Flip that for Buys.
  • #9,484
  • Dec 29, 2019 3:06pm Dec 29, 2019 3:06pm
We are talking sell here
So i was correct in my first drawing as bar (a) close is the open of bar (b) ... So for this method to work you need a tail on bar (a) that gives bar (b) breathing space otherwise if bar a closes and bar b goes straight down you wont be able to get an entry
From the bar charts that you post i get this: you will keep and eye on the open of bar b for more than one H1 candle in case price will get back to that open ,cross it ,not break the high then come back trough that open ,right ?
so in my mind there are 2 scenarios
1. there is a tail on candle a and price can come back after multiple H1 candles , play around above the open of candle b,not breaking the high of candle a , then come back trough the open of candle b
2. there is no tail on candle a,price goes straight down ,then after some candles comes back to test the close of candle a ,which is the open of candle b ,then we look for some price action or something at this level if we want to go short
  • #9,485
  • Dec 29, 2019 3:18pm Dec 29, 2019 3:18pm
Quoting mge0rge
We are talking sell here So i was correct in my first drawing as bar (a) close is the open of bar (b) ... So for this method to work you need a tail on bar (a) that gives bar (b) breathing space otherwise if bar a closes and bar b goes straight down you wont be able to get an entry From the bar charts that you post i get this: you will keep and eye on the open of bar b for more than one H1 candle in case price will get back to that open ,cross it ,not break the high then come back trough that open ,right ? so in my mind there are 2 scenarios 1....
What you are describing sounds like HOLO (highest open lowest open). If you search the HOLO thread for MichaelG, he has a great visual explanation on this very similar (to 1-2-3) method.
Wow! I've got some experience to gain.
  • #9,486
  • Dec 30, 2019 2:50am Dec 30, 2019 2:50am
When i first went trough the tread I found this indicator ,put it my chart but now I cannot find it anywhere ..I went back trough the post and my indicators but cannot find it.
first time didn't give it to much importance but I came up with an idea
I have smHiLoOpen Lines_v1.2TS but i don't think it is part of it
So which is it ?
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  • #9,487
  • Dec 30, 2019 3:52am Dec 30, 2019 3:52am
Quoting mge0rge
We are talking sell here So i was correct in my first drawing as bar (a) close is the open of bar (b) ... So for this method to work you need a tail on bar (a) that gives bar (b) breathing space otherwise if bar a closes and bar b goes straight down you wont be able to get an entry From the bar charts that you post i get this: you will keep and eye on the open of bar b for more than one H1 candle in case price will get back to that open ,cross it ,not break the high then come back trough that open ,right ? so in my mind there are 2 scenarios 1....
Technically in your last scenario, you would leave the trade, however yes, once you get a feel for the method you could enter if price comes back up and then moves away.

However, as Lawnman says, you would be better off simply running that situation as a HOLO play.
  • #9,488
  • Dec 30, 2019 3:54am Dec 30, 2019 3:54am
Quoting mge0rge
When i first went trough the tread I found this indicator ,put it my chart but now I cannot find it anywhere ..I went back trough the post and my indicators but cannot find it. first time didn't give it to much importance but I came up with an idea I have smHiLoOpen Lines_v1.2TS but i don't think it is part of it So which is it ? {image}
I don't know which version that is particularly but just Google symbol changer for mt4 and you'll have a million of them to choose from.
  • #9,489
  • Dec 30, 2019 10:48am Dec 30, 2019 10:48am
Quoting mge0rge
I guess simple things give head aches ... Is this what you mean ? {image}
Read the rules on my chart. That is what is meant.

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Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,490
  • Dec 30, 2019 10:57am Dec 30, 2019 10:57am
Quoting mge0rge
so Here then ? {image}
No. Read the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,491
  • Dec 30, 2019 11:02am Dec 30, 2019 11:02am
Quoting mge0rge
When i first went trough the tread I found this indicator ,put it my chart but now I cannot find it anywhere ..I went back trough the post and my indicators but cannot find it. first time didn't give it to much importance but I came up with an idea I have smHiLoOpen Lines_v1.2TS but i don't think it is part of it So which is it ? {image}
Buttons indicator.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,492
  • Dec 30, 2019 3:46pm Dec 30, 2019 3:46pm
Hi TooSlow and guys!

I quit my forex career years ago. You can't imagine what kind of different and extremely advanced trading approaches I tried and (sooner or later) failed. That's why I decided to quit and became very skeptical regarding fx trading. Luckily I found your thread a couple of days ago. I go through the thread and I must admit I'm very impressed.

The rules are so damn simple. I almost didn't continue reading.. however, I clicked to the last page and you guys are still using the same simple rules. Still after almost 5 years. That's something very unusual in general and especially here on FF. That convinced me to start reading to find out more and well.. here I am.

It's time to remove the dust from my old trading accounts I guess!

Btw, doesn't deserve this thread more attention?
  • #9,493
  • Dec 30, 2019 4:07pm Dec 30, 2019 4:07pm
Quoting Kruspe
Hi TooSlow and guys! I quit my forex career years ago. You can't imagine what kind of different and extremely advanced trading approaches I tried and (sooner or later) failed. That's why I decided to quit and became very skeptical regarding fx trading. Luckily I found your thread a couple of days ago. I go through the thread and I must admit I'm very impressed. The rules are so damn simple. I almost didn't continue reading.. however, I clicked to the last page and you guys are still using the same simple rules. Still after almost 5 years. That's...
Welcome back. Hopefully you and 1-2-3 will get along and you will find your mojo again.

The thread does actually get a decent amount of attention through any given year, it's just that many simply can't fathom how something so simple can actually work. They overthink things and eventually drift off, scratching their heads.

What they fail to realise is that these basic techniques are exactly what the major funds use to run their accounts. Ok you will have High Frequency Trading Houses with their million pound computer systems but down at the heart of things, it is always based around simple core principles.

If you see footage of a fund floor, then you could probably count on one finger of one hand the number of screens with an actual chart on it. The rest are all about the numbers.

Another reason why the thread can be quiet, is that those who make it work (similarly over on HOLO), tend to eventually just go away and trade it. The charts can be a bit "samey" after a while, lol.

As for 1-2-3 as it stands here, all the basic info never changes, as you have noticed. It is then up to each individual trader to master those entries while developing their own personal trade management.

Welcome aboard and have fun!
  • #9,494
  • Dec 30, 2019 4:41pm Dec 30, 2019 4:41pm
Hi Lemercenaire,

Thanks for your warm welcome message. Well, it's nice to be back in this community.. nostalgic memories!

You mentioned very good points, I agree. Those who make it work probably just disappeared and trade it. A big thanks to those who are constantly uploading their charts and share their thoughts here
  • #9,495
  • Dec 31, 2019 5:18pm Dec 31, 2019 5:18pm
[quote = hal7; 12601856] {image} EJ dài +5 bị khóa [/ quote]
Trước nến có mũi tên màu đỏ cũng hợp lệ nhưng tại sao bạn lại ko nhập tại nến có mũi tên? Mà bạn phải chọn nến mũi tên? Xin lỗi tiếng anh tôi kém
  • #9,496
  • Jan 1, 2020 8:41am Jan 1, 2020 8:41am
Quoting Kruspe
Hi TooSlow and guys! I quit my forex career years ago. You can't imagine what kind of different and extremely advanced trading approaches I tried and (sooner or later) failed. That's why I decided to quit and became very skeptical regarding fx trading. Luckily I found your thread a couple of days ago. I go through the thread and I must admit I'm very impressed. The rules are so damn simple. I almost didn't continue reading.. however, I clicked to the last page and you guys are still using the same simple rules. Still after almost 5 years. That's...
There is nothing shiny or sparkly here to catch the eye. Just bones. EA people aren't welcome. Some people don't want to eat proper and exercise, they want a pill (EA). This method requires the trader to wait. Not enough action for some.

There is no concern about thread popularity. Traders stay, wankers leave. It is as simple as that, Mate. CHEERS!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,497
  • Jan 1, 2020 12:51pm Jan 1, 2020 12:51pm
Where did your post go, Helena?!
  • #9,498
  • Jan 1, 2020 3:47pm Jan 1, 2020 3:47pm
Quoting TooSlow
{quote} There is nothing shiny or sparkly here to catch the eye. Just bones. EA people aren't welcome. Some people don't want to eat proper and exercise, they want a pill (EA). This method requires the trader to wait. Not enough action for some. There is no concern about thread popularity. Traders stay, wankers leave. It is as simple as that, Mate. CHEERS!
Yes, I totally know what you mean. People make their own choices

I will keep an eye on this method next week when the liquidity will be back on the market

Thanks!
  • #9,499
  • Jan 1, 2020 4:10pm Jan 1, 2020 4:10pm
Meanwhile.. a few questions for a better understanding

Thanks
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  • #9,500
  • Jan 1, 2020 4:21pm Jan 1, 2020 4:21pm
How about this?
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