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  • #121
  • Oct 20, 2009 4:56am Oct 20, 2009 4:56am
Hi everyone,

I'm glad to see people following this wonderful stuff.

We should all move to the Joe Ross forum and continue there
with this conversation so he can comment and give us his insight.

http://tetradersforum.com/forum/index.php
  • #122
  • Oct 20, 2009 5:02am Oct 20, 2009 5:02am
Quoting pete.alfa
Hi Don,
Have you ever come across 'Trading Manual' by Joe Ross which I made a note but I cant remember the page said:-
1st. Exit if 2 prices bar are against us continious.
2nd. 3bars rule - if you have not at least covered cost by the 3 bars appear on the chart then EXIT or 4-5 bars(depend on your rule).

Note : I'm revising law of chart & trading manual if I happen to see this page i'll let you know.

I've seen you are making heap of the pips.

Cheers
those exit bar are the bar that form RH ....RH tell you to keep ur trail tight but it all depend if u want to scalp or wait for your target...every tf form 123 and when they get confirmed it's more stronger...thankx for you post
MY OPINION NOT FINANCIAL ADVISE
  • #123
  • Oct 20, 2009 5:09am Oct 20, 2009 5:09am
4hr tf gbpnzd nice set up 1-2-3 , now i'm going to entry long for this currency
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  • #124
  • Oct 20, 2009 5:42am Oct 20, 2009 5:42am
Quoting my30marahaba
4hr tf gbpnzd nice set up 1-2-3 , now i'm going to entry long for this currency
bro you making th Job more easy for me learning from each other...Thanks for you support..
MY OPINION NOT FINANCIAL ADVISE
  • #125
  • Oct 20, 2009 5:55am Oct 20, 2009 5:55am
Quoting Lola
Hi everyone,

I'm glad to see people following this wonderful stuff.

We should all move to the Joe Ross forum and continue there
with this conversation so he can comment and give us his insight.

http://tetradersforum.com/forum/index.php

Thankz and will check into that...
MY OPINION NOT FINANCIAL ADVISE
  • #126
  • Oct 20, 2009 10:12am Oct 20, 2009 10:12am
AU 123 complet
Attached Image (click to enlarge)
Click to Enlarge Name: 10-20-2009 5-40-30 AM.png Size: 19 KB
MY OPINION NOT FINANCIAL ADVISE
  • #127
  • Oct 20, 2009 10:49am Oct 20, 2009 10:49am
Don:

How do you manage your trades?
Where do you place your initial stop and at which point do you
take profits to cover costs?
If a trade goes wrong do you let it hit your initial stop loss or
do you terminate the trade earlier?
If you terminate your trade before it hits the initial stop,
what are the criteria for it?

Sorry lots of questions come into my head.

Otherwise The Law of Charts is very simple and easy to understand.

Viva la trading nacked%&&!!
  • #128
  • Oct 20, 2009 11:01am Oct 20, 2009 11:01am
Quoting Lola
Don:

How do you manage your trades?
Where do you place your initial stop and at which point do you
take profits to cover costs?
If a trade goes wrong do you let it hit your initial stop loss or
do you terminate the trade earlier?
If you terminate your trade before it hits the initial stop,
what are the criteria for it?

Sorry lots of questions come into my head.

Otherwise The Law of Charts is very simple and easy to understand.

Viva la trading nacked%&&!!
manage my trade by protecting them with sl and trailing stop....place sl above point 1..i use trendline to set my target and trail it ....i check all the pairs i trade set my trendline on key levels check 5min chart or 15min chart pick entry if i find any.. sl is not more than 50pips ..
is that okay of u want me to open my heart...Lol
MY OPINION NOT FINANCIAL ADVISE
  • #129
  • Oct 20, 2009 11:20am Oct 20, 2009 11:20am
One of my fauvorite PDF files to date. Great tools to include in everyday trading.
  • #130
  • Oct 20, 2009 11:35am Oct 20, 2009 11:35am
Naked chart....
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MY OPINION NOT FINANCIAL ADVISE
  • #131
  • Oct 20, 2009 8:05pm Oct 20, 2009 8:05pm
yesterday the good set up 1-2-3
UCAD, GBPCAD and CL
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  • #132
  • Oct 20, 2009 8:45pm Oct 20, 2009 8:45pm
hi all, gold on daily TF with 1-2-3 set up
now i'm watching closely to entry for this Gold
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  • #133
  • Oct 21, 2009 2:11am Oct 21, 2009 2:11am
GBPLFX 4hr TF nice set up 1-2-3, i'm entry long now if the PA break out the rh we will see the good result hopefully my sl 80 point from my entry
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  • #134
  • Oct 21, 2009 12:07pm Oct 21, 2009 12:07pm
Quoting my30marahaba
GBPLFX 4hr TF nice set up 1-2-3, i'm entry long now if the PA break out the rh we will see the good result hopefully my sl 80 point from my entry

sup bro...i was busy with other stuffs and posting on aus my usual thread i learn from..
hope u grab those pips...
MY OPINION NOT FINANCIAL ADVISE
  • #135
  • Oct 21, 2009 6:54pm Oct 21, 2009 6:54pm
Quoting my30marahaba
GBPLFX 4hr TF nice set up 1-2-3, i'm entry long now if the PA break out the rh we will see the good result hopefully my sl 80 point from my entry
Hi my30marahaba,

Your posts are great too apart from don,
interesting, are using 4hrs tf only? and I've seen in your charts your are using stoch & macd too.
Do you mind to share your trading ideas?

Thanks

Pete
  • #136
  • Edited 8:47pm Oct 21, 2009 8:15pm | Edited 8:47pm
Quoting pete.alfa
Hi my30marahaba,

Your posts are great too apart from don,
interesting, are using 4hrs tf only? and I've seen in your charts your are using stoch & macd too.
Do you mind to share your trading ideas?

Thanks

Pete
hi pete thks,
actually the 1-2-3 H method is the great method this is part of TLOC (the law of chart), entry point we are using TTE (Trader Trick Entry) for the detail of it try to read the trading by the book presented by Mr Joe Ross
Summary of TLOC
1. Break out of 1-2-3 H
2. Break out of Ledge (consolidation area)
3. Break out of Trading range (consolidation area)
4. Break out of Rh
Here my strategy of my template
I'm using 3 LWMA's - 20 LWMA primary trend line , 45 LWMA or 55 LWMA secondary trend line, 135 LWMA Major trend line.
to supported the three ma i'm using stoch 5-3-1 and the MCAD 12-26-0
just watch closely when the pa hit the line on 20lwma, 45lwma and 135 lwma, using the summary of TLOC to find the signal, for your entry point please using TTE rule to manage risk and reward.

Tips for you - Only take into trade when the market ready and you are ready too

Good Luck

cheer
  • #137
  • Oct 21, 2009 9:10pm Oct 21, 2009 9:10pm
Quoting my30marahaba
hi pete thks,
actually the 1-2-3 H method is the great method this is part of TLOC (the law of chart), entry point we are using TTE (Trader Trick Entry) for the detail of it try to read the trading by the book presented by Mr Joe Ross
Summary of TLOC
1. Break out of 1-2-3 H
2. Break out of Ledge (consolidation area)
3. Break out of Trading range (consolidation area)
4. Break out of Rh
Here my strategy of my template
I'm using 3 LWMA's - 20 LWMA primary trend line...

Bro i like the way you use the method and even me i have combine it into 1 ...my previous strategy was profitunity so i am doing it 2 in 1 now since law of chart is a breakout and naked chart so i will be able to spot everymove better...Good Job mate..
MY OPINION NOT FINANCIAL ADVISE
  • #138
  • Oct 21, 2009 11:36pm Oct 21, 2009 11:36pm
hi all,
this one sample of the trading range,
audlfx 4hr TF - Price at the area of upper channel and consolidation price inside trading range, 1-2-3 H&L set up, MCAD is divergence, stoch is oversold move down, I decide to enter SELL with SL 60 pips and target to 135LWA (1.5562) Tp around 173 pips/SL60 pips ( 1 : 2.88)
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  • #139
  • Oct 22, 2009 1:50am Oct 22, 2009 1:50am
I long ucad
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MY OPINION NOT FINANCIAL ADVISE
  • #140
  • Oct 22, 2009 3:29am Oct 22, 2009 3:29am
if price could get to RH i will be selling gj from there...
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MY OPINION NOT FINANCIAL ADVISE
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