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Trading is as simple as 1-2-3

  • #11,561
  • Jan 16, 2023 1:54pm Jan 16, 2023 1:54pm
Quoting Dubit10
BE+1 Edit: Stopped out +1 {image}
I cannot read the chart -what is the number of pips from open to close please?
Nice to see you stick by the 2slow approach
every Saint has a past. Every Sinner has a Future
  • #11,562
  • Jan 16, 2023 3:11pm Jan 16, 2023 3:11pm
Hey Turnip, sorry didn't catch a picture of the trade at the right time. Closed out the trade BE+1 unfortunately got taken out by the width of a Rizla paper before the trade ran in my direction but that's the name of the game. Love the simplicity of this entry method just trying to wash my mind of all the other guff/indicators i've gotten used to and had next to no success with over the last couple of years.
  • #11,563
  • Jan 17, 2023 9:08am Jan 17, 2023 9:08am
Quoting Sovy
{quote} 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[/highlight]...
Mate, take the 5 pips and wait for the next trade. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,564
  • Jan 17, 2023 10:47am Jan 17, 2023 10:47am
Quoting Sovy
{quote} 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[/highlight]...
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,565
  • Jan 18, 2023 5:07am Jan 18, 2023 5:07am
EG short. +5 locked
Attached Image (click to enlarge)
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  • #11,566
  • Jan 18, 2023 5:16am Jan 18, 2023 5:16am
EG short +18 @ daily open
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  • #11,567
  • Jan 18, 2023 6:10am Jan 18, 2023 6:10am
UCHF +5 locked. Took some drawdown on this first before it rallied but note to self to avoid CHF pairs as they seem to move in a weird way from past experience. Daily open as target

Edit: Stopped out +5
Attached Image (click to enlarge)
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  • #11,568
  • Jan 18, 2023 6:17am Jan 18, 2023 6:17am
Nice opportunity GU but avoiding with news events due in just over an hour. Maybe a decent scalp in it
Attached Image (click to enlarge)
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  • #11,569
  • Jan 19, 2023 5:17am Jan 19, 2023 5:17am
EU short
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  • #11,570
  • Jan 19, 2023 5:31am Jan 19, 2023 5:31am
EU BE +1
Attached Image (click to enlarge)
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  • #11,571
  • Edited 5:56am Jan 19, 2023 5:39am | Edited 5:56am
EU +5 locked

Edit: Stopped out +5
Attached Image (click to enlarge)
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  • #11,572
  • Jan 20, 2023 4:37am Jan 20, 2023 4:37am
EG short
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  • #11,573
  • Edited 5:10am Jan 20, 2023 4:53am | Edited 5:10am
EG +5 locked

Edit: Stopped out +5
Attached Image (click to enlarge)
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  • #11,574
  • Jan 20, 2023 5:02am Jan 20, 2023 5:02am
Quoting Dubit10
EU BE +1 {image}
To be paid , just a little , for a trade is worth it I think. One then enjoys the bigger gains more. Minimum of BE plus one - a good idea
every Saint has a past. Every Sinner has a Future
  • #11,575
  • Jan 24, 2023 10:48am Jan 24, 2023 10:48am
AU sell +5
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  • #11,576
  • Feb 5, 2023 3:45am Feb 5, 2023 3:45am
I like using a version of it in 15m. Its been pretty consistent. Unfortunately. I have to cut. Bad trades. But the wins is more than the loss.
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Trading is gambling. So gamble responsibly.
  • #11,577
  • Feb 5, 2023 1:22pm Feb 5, 2023 1:22pm
Quoting Sovy
I like using a version of it in 15m. Its been pretty consistent. Unfortunately. I have to cut. Bad trades. But the wins is more than the loss. {image}
Cutting bad trades is not unfortunate.

Having losing trades is not unfortunate.

Trade your plan, and if you have an edge, then the outcome of any one particular trade doesn't matter.

Trades are not "good" or "bad." Our execution of our trading plans, on the other hand, are indeed either well or poorly done.

You are on a good path from the looks of it. Much success to you!
Life itself is a privilege, but to live life to the fullest is a choice
  • #11,578
  • Feb 5, 2023 10:38pm Feb 5, 2023 10:38pm
Loving it. Hoping im not violating too many rules by doing 15m. And only basing on the previous bar. It does help to observe if the bars prior have a candlestick pattern. Helps
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Trading is gambling. So gamble responsibly.
  • #11,579
  • Feb 5, 2023 10:39pm Feb 5, 2023 10:39pm
Quoting vidvad
{quote} Cutting bad trades is not unfortunate. Having losing trades is not unfortunate. Trade your plan, and if you have an edge, then the outcome of any one particular trade doesn't matter. Trades are not "good" or "bad." Our execution of our trading plans, on the other hand, are indeed either well or poorly done. You are on a good path from the looks of it. Much success to you!
Yes, i hope to incorporate this as entry. Since the price really respects the basic rules.
Trading is gambling. So gamble responsibly.
  • #11,580
  • Feb 6, 2023 5:20pm Feb 6, 2023 5:20pm
Setup ready 1h time frame, usd jpy because predicting retracement.

Made 5 pips stop loss plus srpead. Made stop order at opening of 6am bar. Will close if 8 am does not hit. And re assess.
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Trading is gambling. So gamble responsibly.
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