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Trading is as simple as 1-2-3

  • #10,421
  • Dec 9, 2020 1:12am Dec 9, 2020 1:12am
Quoting Acolyte
Entries as per rules: {image}{image}{image}
Hi Acolyte you might want to label your charts so we can see what you are trading
  • #10,422
  • Dec 9, 2020 1:13am Dec 9, 2020 1:13am
Attached Image (click to enlarge)
Click to Enlarge Name: 12920ej2.png Size: 18 KB
Short EJ +5 locked didn't get into this trade until 3rd bar as a continuation, it panned out
  • #10,423
  • Dec 9, 2020 1:18pm Dec 9, 2020 1:18pm
Quoting Acolyte
Entries as per rules: {image}{image}{image}
Only trade one pair while you are learning.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,424
  • Dec 10, 2020 1:07am Dec 10, 2020 1:07am
Attached Image (click to enlarge)
Click to Enlarge Name: 121020cf.png Size: 19 KB
Long CF +5 locked nice line up
  • #10,425
  • Dec 11, 2020 12:05am Dec 11, 2020 12:05am
Attached Image (click to enlarge)
Click to Enlarge Name: 121120gu.png Size: 19 KB
Long GU +5 locked
  • #10,426
  • Dec 11, 2020 12:53am Dec 11, 2020 12:53am
Quoting hal7
{image}Long GU +5 locked
Nice, I have been trying to figure out when you enter, it seems you like some kind of support/resistantce to the left your entry? ( I am still short from the hour before. nice little runner for a change )
  • #10,427
  • Dec 11, 2020 1:34am Dec 11, 2020 1:34am
Quoting Wizzlebizzle
{quote} Nice, I have been trying to figure out when you enter, it seems you like some kind of support/resistantce to the left your entry? ( I am still short from the hour before. nice little runner for a change )
I do generally like to see that, though not part of the rules. This was short lived as it came crashing back down. But the stop protected it and got to the +5 level
  • #10,428
  • Dec 11, 2020 1:54am Dec 11, 2020 1:54am
Buy order:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 47 KB
Those that can't, teach, and those that can, do.
Star Ribbean Return This Year: 0.1%
  • #10,429
  • Dec 11, 2020 2:01am Dec 11, 2020 2:01am
Quoting hal7
{quote} I do generally like to see that, though not part of the rules. This was short lived as it came crashing back down. But the stop protected it and got to the +5 level
Nice one, thank you. Yep, protect those profits, still a good trade in my opinion
  • #10,430
  • Dec 11, 2020 2:05am Dec 11, 2020 2:05am
Quoting Acolyte
Buy order: {image}
Hi Acolyte,

There was a valid setup on that chart, from what I can see you entered about 15 pips above the open though, a little bit late

W
  • #10,431
  • Dec 11, 2020 3:11am Dec 11, 2020 3:11am
Quoting Wizzlebizzle
{quote} Hi Acolyte, There was a valid setup on that chart, from what I can see you entered about 15 pips above the open though, a little bit late W
Agreed. What made you enter there, Acolyte? Be wary of chasing a trade. There's always another one and often after a big momentum move like that, a retrace will come all the way back and give you either a potentially better entry or a HOLO trade.
  • #10,432
  • Dec 11, 2020 3:18am Dec 11, 2020 3:18am
Yeah, that's what happening to me quite often - I rush for an entry without evaluating it deep enough. It appears to me as satisfying primary rules, but I fail to assess other conditions and hope for the best. Though my profit-to-stoploss ratio is 2-3, it is in need of further improvement by doing prior assessment before making an entry.
Those that can't, teach, and those that can, do.
Star Ribbean Return This Year: 0.1%
  • #10,433
  • Dec 11, 2020 3:26am Dec 11, 2020 3:26am
Quoting Acolyte
Yeah, that's what happening to me quite often - I rush for an entry without evaluating it deep enough. It appears to me as satisfying primary rules, but I fail to assess other conditions and hope for the best. Though my profit-to-stoploss ratio is 2-3, it is in need of further improvement by doing prior assessment before making an entry.
Good stuff. If you are aware of the issue then it is fixable. Keep at it, it'll come.

I'd also be cautious of the old school R:R trade management style here. Not really best suited...however each to their own and trade what works for you.
  • #10,434
  • Dec 11, 2020 5:25am Dec 11, 2020 5:25am
GU Short still going

Attached Image (click to enlarge)
Click to Enlarge Name: 111220 GBPUSD Short.png Size: 952 KB
  • #10,435
  • Dec 11, 2020 7:05am Dec 11, 2020 7:05am
Quoting Acolyte
Yeah, that's what happening to me quite often - I rush for an entry without evaluating it deep enough. It appears to me as satisfying primary rules, but I fail to assess other conditions and hope for the best. Though my profit-to-stoploss ratio is 2-3, it is in need of further improvement by doing prior assessment before making an entry.
There is NOTHING TO EVALUATE!!

Follow the rules. Once in the trade, manage your money. Protect your money from large losses. Protect small wins from becoming losses.

Do not attempt to make adjustments to the method instead adjust yourself.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,436
  • Dec 11, 2020 7:53am Dec 11, 2020 7:53am
And that idea of adjusting self is the hardest, and that's what I meant in the first place. I've been trading for a while, adjusting myself to different methods, and this time it's no different.
Those that can't, teach, and those that can, do.
Star Ribbean Return This Year: 0.1%
  • #10,437
  • Dec 13, 2020 5:04am Dec 13, 2020 5:04am
Hi, wanted to find out if this indicator is available for mt5?
amazing strategy!
  • #10,438
  • Dec 13, 2020 9:57am Dec 13, 2020 9:57am
Quoting SekuruKaguvi
Hi, wanted to find out if this indicator is available for mt5? amazing strategy!
No, it is not available for MT5.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,439
  • Dec 13, 2020 10:07am Dec 13, 2020 10:07am
Quoting TooSlow
{quote} No, it is not available for MT5.
Ok thank you
  • #10,440
  • Dec 13, 2020 12:11pm Dec 13, 2020 12:11pm
Quoting SekuruKaguvi
Hi, wanted to find out if this indicator is available for mt5? amazing strategy!
You may be able to adapt Hairi's mt5 HOLO indi.

https://www.forexfactory.com/showthr...1#post10981741
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