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Trading is as simple as 1-2-3

  • #11,181
  • Oct 28, 2021 7:02am Oct 28, 2021 7:02am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW1.png Size: 59 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,182
  • Oct 28, 2021 7:03am Oct 28, 2021 7:03am
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Click to Enlarge Name: TOOSLOW1.png Size: 59 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,183
  • Oct 28, 2021 9:07am Oct 28, 2021 9:07am
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION

Hi all ,

Thanks for the thread owner for sharing this simple technique , I have a question about taking profit. when you open trade , what is the reasonable TP , do you leave the trade open until you have reversal candle or you have predetermined number of pips for each trade ?

Regards,
  • #11,184
  • Edited 12:52pm Oct 28, 2021 12:40pm | Edited 12:52pm
As per the rules , buy CADCHF
buy GBPCHF
buy USDCHF
Sell EURGBP
Attached Image(s) (click to enlarge)
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  • #11,185
  • Oct 28, 2021 3:08pm Oct 28, 2021 3:08pm
Quoting omaramir
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION Hi all , Thanks for the thread owner for sharing this simple technique , I have a question about taking profit. when you open trade , what is the reasonable TP , do you leave the trade open until you have reversal candle or you have predetermined number of pips for each trade ? Regards,
There is no reasonable TP. If you are lucky and can move your stop to BE+1, you can see how much the market moves in your direction.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,186
  • Oct 28, 2021 6:03pm Oct 28, 2021 6:03pm
Hit this GJ same bar short during early Asian session.
GJ +5, +8
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1-10-28-21E.png Size: 31 KB
Wow! I've got some experience to gain.
  • #11,187
  • Oct 29, 2021 12:10am Oct 29, 2021 12:10am
Attached Image (click to enlarge)
Click to Enlarge Name: 102921 ca.png Size: 15 KB
Short CA +5 locked carbon copy of yesterdays, same trade, same time, different day (but what's a carbon copy?)
  • #11,188
  • Oct 29, 2021 12:57am Oct 29, 2021 12:57am
Attached Image (click to enlarge)
Click to Enlarge Name: 102921ca2.png Size: 16 KB
Minutes later...
  • #11,189
  • Oct 29, 2021 4:39am Oct 29, 2021 4:39am
Took this UJ short SL hit.
UJ -12, -12
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1-10-29-21.png Size: 32 KB
Wow! I've got some experience to gain.
  • #11,190
  • Oct 29, 2021 10:58am Oct 29, 2021 10:58am
Quoting hal7
{image}Short CA +5 locked carbon copy of yesterdays, same trade, same time, different day (but what's a carbon copy?)
Ha ha, yeah showing your age there, Hal! (I actually still have some boxes of sheets stored away in the back of an office cupboard, lol).
  • #11,191
  • Nov 1, 2021 1:00am Nov 1, 2021 1:00am
Wow, that was an ugly way to start the week, lol!
EJ, made a new high, came back through the open, entered short and immediately took me out.
EJ -13, -13
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1-11-1-21.png Size: 31 KB
Wow! I've got some experience to gain.
  • #11,192
  • Nov 1, 2021 1:35am Nov 1, 2021 1:35am
Attached Image (click to enlarge)
Click to Enlarge Name: 11121au.png Size: 15 KB
Long AU +5 locked
  • #11,193
  • Nov 1, 2021 2:16am Nov 1, 2021 2:16am
Quoting Lawnman
Wow, that was an ugly way to start the week, lol! EJ, made a new high, came back through the open, entered short and immediately took me out. EJ -13, -13 {image}
If you look left, you'll see that price was always going to be looking to get back to that spot.
  • #11,194
  • Nov 1, 2021 3:19am Nov 1, 2021 3:19am
Quoting Lawnman
Wow, that was an ugly way to start the week, lol! EJ, made a new high, came back through the open, entered short and immediately took me out. EJ -13, -13 {image}
Hello Lawnman,
Did you take your trade at the open of the candle?
Look carefully, the preceding candle made a HH and LH, a clear indication that the direction stays long.
Happy to say that I finally got the hang of this method and the best give-away is checking for HH/LH & LL/HL. It's an instant observation.
Hercs.
Hercs
  • #11,195
  • Nov 1, 2021 3:25am Nov 1, 2021 3:25am
Lem, Hercs, thank you. It was an impulsive move on my part, I have no excuses (or reasons).

Hercs, I entered towards the end of the hour, after it had made a new high (Hal Special entry).
Wow! I've got some experience to gain.
  • #11,196
  • Nov 1, 2021 4:51am Nov 1, 2021 4:51am
Took this same bar UC long, next hour got close to the low again. Bailed out with a tiny profit.
UC +.1, +.1
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1-11-1-21.png Size: 30 KB
Wow! I've got some experience to gain.
  • #11,197
  • Nov 1, 2021 5:22am Nov 1, 2021 5:22am
EG Short
+5, +7
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1-11-1-21.png Size: 32 KB
Wow! I've got some experience to gain.
  • #11,198
  • Nov 1, 2021 6:07am Nov 1, 2021 6:07am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW1.png Size: 57 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,199
  • Nov 1, 2021 7:10am Nov 1, 2021 7:10am
Have some time to trade US session today.
UC long
+5, +7
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1-11-1-21(2).png Size: 35 KB
Wow! I've got some experience to gain.
  • #11,200
  • Nov 1, 2021 7:39am Nov 1, 2021 7:39am
Quoting Lawnman
Have some time to trade US session today. UC long +5, +7 {image}
You have discovered one of the keys to 1-2-3 in that UC will give great opportunities at this time of day. Very repeatable movement.
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