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Trading is as simple as 1-2-3

  • #11,541
  • Oct 7, 2022 10:20am Oct 7, 2022 10:20am
I don't quite understand, so we will entry when bar#0 has not closed yet? If it hasn't closed it is likely to go back to test the top/bottom of bar#1 again. And ít will hit stoploss easily.
By the way, can you use the candle chart, bar chart is hard to see. And show ít simultaneously with multiple time frame for 01 entry?

Thank you.
  • #11,542
  • Oct 15, 2022 6:24am Oct 15, 2022 6:24am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,543
  • Oct 20, 2022 4:26pm Oct 20, 2022 4:26pm
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Having the statistics on what hour usually produces the daily high and daily low gives a slight edge. Cheers!

NOTE: That indicator is from #advancedalientrading
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,544
  • Oct 21, 2022 9:47am Oct 21, 2022 9:47am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,545
  • Oct 24, 2022 10:37am Oct 24, 2022 10:37am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,546
  • Edited 2:43pm Oct 26, 2022 1:21pm | Edited 2:43pm
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION

in the "Highest Open / Lowest Open Trade" thread, the first post states the following:

"WARNING

When price breaks through yesterday's high or low or makes a new high or low today, that is a breakout!
Trade the reversal with caution."

Is it fair to assume that this applies to this thread, as well? Does that mean most of the trades will present themselves while the current daily bar is inside of yesterday's bar or be in the direction of the breakout?
  • #11,547
  • Oct 26, 2022 6:06pm Oct 26, 2022 6:06pm
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION

Sorry, but i really dont understand the text on your chart.

I do understand this comes from TRO, and i do understand the logic with highest/lower open and trade towards the open.

But here we only use h1 as tf? I cant possibly see this system work, momentum beats everyting, every system using momentum trading in the same direction as the bigger timeframe have a much higher possibility of going your way. Why try to pick the bottom/top?

Not questioning your way of trading. but do you have myfxbook or anything where you show results from all those years using this method?
  • #11,548
  • Nov 21, 2022 1:10am Nov 21, 2022 1:10am
Quoting TooSlow
{image} Having the statistics on what hour usually produces the daily high and daily low gives a slight edge. Cheers! NOTE: That indicator is from #advancedalientrading
Your dashboard is so much different than mine, why would that be?

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A month should not make that much difference over a 250 day frequency distribution.
  • #11,549
  • Nov 21, 2022 8:08am Nov 21, 2022 8:08am
Quoting ikdenk
{quote} Your dashboard is so much different than mine, why would that be? {image}A month should not make that much difference over a 250 day frequency distribution.
Different brokers. One broker might start their day at a different GMT that another broker and one broker shows current hour as 17:00 while the other broker shows current hour as 15:00.

Different start day? If run your stats a month later, yes they can change.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,550
  • Nov 23, 2022 4:15am Nov 23, 2022 4:15am
Hello @TooSlow and all others...
switching around the threads i came here (again, as already some years ago).
Having looked for a setup that suits to me (seems to be difficult, as this search holds up for years now...).
Thus i study my charts with the $$$Too Slow Version $$$ of the HiLo open Lines indicator....
May i ask a question before reading a lot of content in this thread to master this logic?
Thanks.
There are no W(0) and M(0) lines of high and low....
I don`t think they will occur if price appproaches to the current high/low, right?
Do you put them in manually?
Thanks in advance.
***
If welcomed i like to take one of the next challanges here....but only after reading a lot of stuff here (578 pages = how many days,weeks, months...?)
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Attachment g
Have a nice day
  • #11,551
  • Nov 24, 2022 5:31am Nov 24, 2022 5:31am
I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION


Quoting doerpn
Hello @TooSlow and all others... switching around the threads i came here (again, as already some years ago). Having looked for a setup that suits to me (seems to be difficult, as this search holds up for years now...). Thus i study my charts with the $$$Too Slow Version $$$ of the HiLo open Lines indicator.... May i ask a question before reading a lot of content in this thread to master this logic? Thanks. There are no W(0) and M(0) lines of high and low.... I don`t think they will occur if price appproaches...
Now its correctly....
Have a nice day
  • #11,552
  • Dec 6, 2022 11:42am Dec 6, 2022 11:42am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,553
  • Dec 8, 2022 1:19am Dec 8, 2022 1:19am
Dedicated to Lem, for his encouragement, positivity and patient help for his fellow traders here and in the alien sphere.
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  • #11,554
  • Dec 13, 2022 12:50am Dec 13, 2022 12:50am
Can you tell mCan you tНГell me where the price of the sp500 will go?e where the price of the sp500 will go?
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  • #11,555
  • Dec 22, 2022 2:30pm Dec 22, 2022 2:30pm
Quoting vlad777
Can you tell mCan you tНГell me where the price of the sp500 will go?e where the price of the sp500 will go? {image}
You are on the wrong thread chum
every Saint has a past. Every Sinner has a Future
  • #11,556
  • Jan 3, 2023 11:55am Jan 3, 2023 11:55am
Quoting TooSlow
{image}
Great stuff as usual.
every Saint has a past. Every Sinner has a Future
  • #11,557
  • Jan 4, 2023 10:41am Jan 4, 2023 10:41am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,558
  • Jan 16, 2023 7:17am Jan 16, 2023 7:17am
Waiting
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  • #11,559
  • Jan 16, 2023 7:34am Jan 16, 2023 7:34am
BE+1

Edit: Stopped out +1
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  • #11,560
  • Jan 16, 2023 9:50am Jan 16, 2023 9:50am
Quoting TooSlow
{image} Highest highs have red caps. In summary, a bar makes a high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. Lowest lows have blue socks. In summary, a bar makes a low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar. These are the #2 candles of the 1-2-3 pattern. Use your own discretion in deciding when to trade.






I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION



Hi, joined forexfactory because of your post. First, thank you. Your idea helped improve my entry 100%.
Secondly. I don't know if it has been mentioned before but, have you tried trendline on the lows or highs of the succeeding prices? Like I tried and I'm able to link buys x sells. Of course right now isn't so good since liquidity is losing since us has a bank day and London is about to close. But been having a lot of 5 plus pip trades and ending in breakeven. Maybe tomorrow will be better.

Again thank you.
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