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Trading is as simple as 1-2-3

  • #10,441
  • Dec 14, 2020 2:48am Dec 14, 2020 2:48am
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  • #10,442
  • Dec 14, 2020 6:49am Dec 14, 2020 6:49am
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Decided to stick just to GBPUSD for the time being as multiple instruments dilute the sense of the market, making everything very blurry.
Those that can't, teach, and those that can, do.
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  • #10,443
  • Dec 14, 2020 11:30am Dec 14, 2020 11:30am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,444
  • Dec 14, 2020 11:51am Dec 14, 2020 11:51am
i am not at all against this strategy but this is not as simple as 123,first of all,plz use cent account when u r learning,so the loss is very small as compare to standard account,when you reach 60/40 win,then u can go to standard account and there are many more confirmation is needed to enter than just 123.All newbies are attracted to this thread thinking that it is really as simple as 123,Good luck guys,i also tried this method,u can find my old posts also in this thread.
  • #10,445
  • Dec 14, 2020 12:09pm Dec 14, 2020 12:09pm
T4Trade, to each of their own, I believe it is simple enough as basic rules are very simple. It’s the mistake of ones’ mind that tries to overcomplicate things, or thinking that it needs to do some work (improvement), or make a contribution before accepting the value of method.

The discipline that it must teach itself is in repeated and unyielding following of the rules, done in the similar way of that of martial arts, where, after many repeated exercises you realize (NOT with the mind) that this really IS the WAY

Observing the market, waiting for the right moment, making an entry, locking down positive profit, setting the target, and essentially letting the market move whichever way as you will win either way, however big or small.
Those that can't, teach, and those that can, do.
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  • #10,446
  • Dec 15, 2020 1:03am Dec 15, 2020 1:03am
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  • #10,447
  • Dec 15, 2020 10:09am Dec 15, 2020 10:09am
Quoting T4Trade
i am not at all against this strategy but this is not as simple as 123,first of all,plz use cent account when u r learning,so the loss is very small as compare to standard account,when you reach 60/40 win,then u can go to standard account and there are many more confirmation is needed to enter than just 123.All newbies are attracted to this thread thinking that it is really as simple as 123,Good luck guys,i also tried this method,u can find my old posts also in this thread.
The method is simple. It may be easier for some than for others. Trading with pennies while learning is smart. This is a perfect method for newbies because the rules are simple.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,448
  • Dec 15, 2020 11:36am Dec 15, 2020 11:36am
Quoting TooSlow
{quote} The method is simple. It may be easier for some than for others. Trading with pennies while learning is smart. This is a perfect method for newbies because the rules are simple. {image}
just tell me one thing,are u not trading for few pips? this is scalping right? and i have seen that you guys are taking high lot size ,so on 5 min chart few candles just go into spread,how do u earn,it is pure gambling in my opinion. the rules on the first page is clear at all,is it first 1 hour candle when day beguns we mark or any candle regardless of session? you have left many things unclear and when someone asks u tell them go and read post 1.only few members of your thread is using this method,rest are coming and going,not many are consistent.
  • #10,449
  • Dec 15, 2020 1:13pm Dec 15, 2020 1:13pm
Quoting T4Trade
{quote} just tell me one thing,are u not trading for few pips? this is scalping right? and i have seen that you guys are taking high lot size ,so on 5 min chart few candles just go into spread,how do u earn,it is pure gambling in my opinion. the rules on the first page is clear at all,is it first 1 hour candle when day beguns we mark or any candle regardless of session? you have left many things unclear and when someone asks u tell them go and read post 1.only few members of your thread is using this method,rest are coming and going,not many are...
Hi T4Trade, I understand your scepticism. I would be too. Forgive me if I am too direct, I do mean well

I agree that some things are left unclear, but the things that matter are clear and referring back to the basic rules will solve most if not all unclarity. At least it did for me. The things that were unclear and I could not find an answer to I researched myself.

I would suggest to record your trades, or even do a manual backtest, and see what you gather from the data. This should also answer your own question regarding gambling. Speaking of which, how do you define gambling?

Regarding the 5m chart you are referring to, with risk of sounding annoying and repetitive, I would point you back to the basic rules. I don't remember the mentioning of a 5m chart.

At the end of the day this method is as simple as it gets. But don't confuse simple with easy.

Hope this helps

Regarding spread, this question has been addressed before.

I am not sure what you mean by this "the rules on the first page is clear at all,is it first 1 hour candle when day beguns we mark or any candle regardless of session?".
  • #10,450
  • Edited 1:40pm Dec 15, 2020 1:22pm | Edited 1:40pm
Quoting Wizzlebizzle
{quote} Hi T4Trade, I understand your scepticism. I would be too. Forgive me if I am too direct, I do mean well I agree that some things are left unclear, but the things that matter are clear and referring back to the basic rules will solve most if not all unclarity. At least it did for me. The things that were unclear and I could not find an answer to I researched myself. I would suggest to record your trades, or even do a manual backtest, and see what you gather from the data. This should also answer your own question regarding gambling....
if u see the very fact,if any new traders asks any questions,TS directs them to first post and i have noticed he discourages any new ideas or indicators etc. there is an error in my post ,i wanted to say that rules on post 1 is not clear at all and the timings to draw lines on highest and lowest of 1H candle,because traders are from different time zones
  • #10,451
  • Dec 15, 2020 5:05pm Dec 15, 2020 5:05pm
Quoting T4Trade
{quote} if u see the very fact,if any new traders asks any questions,TS directs them to first post and i have noticed he discourages any new ideas or indicators etc. there is an error in my post ,i wanted to say that rules on post 1 is not clear at all and the timings to draw lines on highest and lowest of 1H candle,because traders are from different time zones
Your question on start candle has been asked and answered many, many times through the thread, including an answer from myself just a week or so ago, as part of another question, if I remember correctly.
  • #10,452
  • Dec 15, 2020 6:23pm Dec 15, 2020 6:23pm
Quoting T4Trade
{quote} just tell me one thing,are u not trading for few pips? this is scalping right? and i have seen that you guys are taking high lot size ,so on 5 min chart few candles just go into spread,how do u earn,it is pure gambling in my opinion. the rules on the first page is clear at all,is it first 1 hour candle when day beguns we mark or any candle regardless of session? you have left many things unclear and when someone asks u tell them go and read post 1.only few members of your thread is using this method,rest are coming and going,not many are...
Nothing is unclear unless you make it unclear. The rules are simple. Follow the rules. This is trading. When the markets moves in the direction, sometimes it moves a little, sometimes it moves a lot. Traders must manage their accounts so they don't lose more than their risk on any single trade. You are entitled to your opinion.


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  • #10,453
  • Dec 16, 2020 2:09am Dec 16, 2020 2:09am
Hello,

This seems to be a very nice system. Here is my best result after a few trials

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  • #10,454
  • Dec 16, 2020 2:20am Dec 16, 2020 2:20am
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  • #10,455
  • Dec 16, 2020 12:44pm Dec 16, 2020 12:44pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,456
  • Dec 17, 2020 5:57am Dec 17, 2020 5:57am
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  • #10,457
  • Dec 18, 2020 2:30am Dec 18, 2020 2:30am
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  • #10,458
  • Dec 21, 2020 11:29am Dec 21, 2020 11:29am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,459
  • Dec 22, 2020 12:48am Dec 22, 2020 12:48am
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  • #10,460
  • Dec 22, 2020 5:51pm Dec 22, 2020 5:51pm
To anyone who would like to answer: I have searched and cannot find if this has been asked and answered... If price makes a new daily low, and the next bar pulls back to test the low and I place my pending order but my order is not filled in that hour and price does NOT make a new low, do you leave the pending or cancel it? Thanks.
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