Trading is as simple as 1-2-3

Short EJ +5 locked

Long CAD +5 locked

Added range, ATR(100) and percentage of range/ATR(100) to indicator message. The closer range gets to ATR, the more likely a reversal may happen. This may help those who struggle with this method. Wait for 50% or better to look for a reversal. Maybe that will help. Green pips to all. Cheers!

Hi TooSlow, what's the name of the indi that number the bars from right to left at the bottom please? Or can you provide it. TIA.

That's the BAR_NUMBERS indicator.

Excellent material as usual. Whats that saying? "If it's not broke - don't fix it."
Well done TS.

Hello TooSlow, I started reading this thread a few days ago, I've been meaning to do so ever since I started posting on the HOLO thread. Again thank you for such a simple and elegant method of trading. I realized that in principle it's a similar method and I think it complements the HOLO method between the H1 highest/Lowest open since there are plenty of candles that print a higher high or lower low in between and even in the HOLO AOI before the validation candle has formed. Anyway, my first contribution here is a few questions if you don't mind.
In the UJ chart below there was a new daily high on candle 0, so according to the rules, the next candle should test the new high without breaking it, then retraces and crosses the open and we're looking for a short trade, at which time a sell stop will be triggered and trade carried to whatever TP or SL is accomplished.
The questions are:
1. bar 1 has a very small wick up, and so maybe there isn't enough time to place a sell stop, so is it valid to place a market sell order here? alternatively one can wait for the next bar
2. bar 2 is definitely valid, and has a nice wick upwards, then retraces towards the open and a sell stop will be triggered for a nice profit. Now the difficult choice is whether to carry on or take profit and close the trade. if the former decision is taken then no problem, one can carefully trail the stop to the bottom on bar 5.
BUT if the latter choice is taken and the trade is closed, the next bar (3) is still in area of the highest high of the day and test the high from a distance retracing down towards the open and drops for a nice profit here too. Does this bar still fulfil your rules for short trades? so far the new lowest lows forming on bar 3 and 4 have been broken by 4 and 5 respectively so no long trades consideration here.
3. same question for bar 4 and 5, are they still valid for short trades as per your rules?
4. finally bar 5 forms a lowest low and we are considering a long trade here, bar 6 tests the low and does not break it then retraces toward the open triggering a buy stop and continues upwards for a similar but reversed scenario as the short trades previously.
5. same questions for bars 7 and 8 if the trade on 6 was concluded prematurely.
I'm sorry for the long line of questions and hope you will have the time to answer them.

regards

A HOLO can also be a 1-2-3. A 1-2-3 can also be a HOLO.

The answer to all of your questions is follow the rules.

Cheers, Mate!

No, but thank you anyway,
Cheers, Mate!