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Trading is as simple as 1-2-3

  • #10,181
  • Aug 3, 2020 12:18am Aug 3, 2020 12:18am
Quoting duyfx2912
{quote} Do you have a lose trade????
Yes, but don't tell anyone.
  • #10,182
  • Aug 3, 2020 2:24am Aug 3, 2020 2:24am
Not posted here for a while. Been analysing over 2000 trades to see what works for me.

EURUSD Short and GBPUSD Short. Both at BE (not via the original method)
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #10,183
  • Aug 4, 2020 3:20am Aug 4, 2020 3:20am
Attached Image (click to enlarge)
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Long CA +5 locked seems like I have been in this one for hours, and I have been.
  • #10,184
  • Aug 5, 2020 3:27am Aug 5, 2020 3:27am
Attached Image (click to enlarge)
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Short NZ +5 locked
  • #10,185
  • Aug 6, 2020 12:09am Aug 6, 2020 12:09am
Attached Image (click to enlarge)
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Short GJ +5 locked perfect line up
  • #10,186
  • Aug 7, 2020 1:04am Aug 7, 2020 1:04am
Attached Image (click to enlarge)
Click to Enlarge Name: 8720jy.png Size: 17 KB
Long JY +5 locked line up
  • #10,187
  • Aug 8, 2020 9:47am Aug 8, 2020 9:47am
Hello, so we are trading towards the current daily open with this method?

Also, is this a scalping method? Meaning if we are in profit past the current H1 open, and we place a hard stop below or above that current candle, do we let price wiggle in and out of negative or close to break even as soon as we see fit? Or just allow to hit stop?

Because it's scary going against the daily trend especially on Friday.
  • #10,188
  • Aug 10, 2020 1:26am Aug 10, 2020 1:26am
Attached Image (click to enlarge)
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Short CF +5 locked
  • #10,189
  • Edited 4:40am Aug 11, 2020 12:35am | Edited 4:40am
Attached Image (click to enlarge)
Click to Enlarge Name: 81120gu.png Size: 20 KB
Long GU +5 locked +51
  • #10,190
  • Aug 11, 2020 3:36am Aug 11, 2020 3:36am
I like this method, simple entry, simple analysis. Exit is a pain, as exits are. Could have taken about 30 more pips if I held on today lol. Took 13 so happy.

Question, how would you have handled this one, entry on 1 min bar after H1 break low lows, H1 candle closes, enter straight away on next H1 because it looked like it wasn't going to retrace more on the current candle.

Immediately took heat, and for 10 mins went against me for about minus 7 pips, 10 pip stop loss.

Would you have waited for a retrace to make a low on current candle then enter?

And what are the rules, can/should you enter again?

I don't think this is a scalp method so looks like a hard stop is required.
Attached Image (click to enlarge)
Click to Enlarge Name: [GBPUSD,M1].png Size: 91 KB
  • #10,191
  • Aug 11, 2020 9:34am Aug 11, 2020 9:34am
Quoting pa18
I like this method, simple entry, simple analysis. Exit is a pain, as exits are. Could have taken about 30 more pips if I held on today lol. Took 13 so happy. Question, how would you have handled this one, entry on 1 min bar after H1 break low lows, H1 candle closes, enter straight away on next H1 because it looked like it wasn't going to retrace more on the current candle. Immediately took heat, and for 10 mins went against me for about minus 7 pips, 10 pip stop loss. Would you have waited for a retrace to make a low on current candle then enter?...
Read post #1.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,192
  • Aug 11, 2020 9:39am Aug 11, 2020 9:39am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW1.png Size: 55 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,193
  • Aug 12, 2020 12:48am Aug 12, 2020 12:48am
hi I'm new here need a help to kick start!!!
Swimming with sharks!
  • #10,194
  • Aug 12, 2020 12:54am Aug 12, 2020 12:54am
I tried the EA on strategy tester it didn't work!
Swimming with sharks!
  • #10,195
  • Aug 12, 2020 1:14am Aug 12, 2020 1:14am
Quoting chandana47
I tried the EA on strategy tester it didn't work!

Read post 1
  • #10,196
  • Aug 12, 2020 1:17am Aug 12, 2020 1:17am
Attached Image (click to enlarge)
Click to Enlarge Name: 81220eg.png Size: 19 KB
Short EG +5 locked
  • #10,197
  • Aug 12, 2020 2:01am Aug 12, 2020 2:01am
Quoting chandana47
hi I'm new here need a help to kick start!!!
Actually the best kick start would be to read the 10,000 posts. You will be amazed how much you learn. Then make some demo trades. The method itself is fairly simple, 1,2,3. EA's are not really appropriate for this. Not sure why it would be there.
  • #10,198
  • Aug 12, 2020 2:22am Aug 12, 2020 2:22am
Quoting hal7
{quote} Actually the best kick start would be to read the 10,000 posts. You will be amazed how much you learn. Then make some demo trades. The method itself is fairly simple, 1,2,3. EA's are not really appropriate for this. Not sure why it would be there.
Thats a better, more constructive way to put it
  • #10,199
  • Aug 12, 2020 5:43am Aug 12, 2020 5:43am
Quoting hal7
{image}Short EG +5 locked
Gutsy, there was almost zero confirmation before the opening price of the current candle trying to test the high of Bar 1.

Is that what you do? Just enter regardless when H1 candle opens when it has made a high or low?
  • #10,200
  • Aug 13, 2020 4:52am Aug 13, 2020 4:52am
Quoting pa18
{quote} Gutsy, there was almost zero confirmation before the opening price of the current candle trying to test the high of Bar 1. Is that what you do? Just enter regardless when H1 candle opens when it has made a high or low?
There was .1, that's good enough for me. This time it worked.
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