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Trading is as simple as 1-2-3

  • #401
  • Aug 20, 2015 1:07pm Aug 20, 2015 1:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 35 KB


Stopped out BE+2.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #402
  • Aug 21, 2015 8:01am Aug 21, 2015 8:01am
Attached Image (click to enlarge)
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New daily high and new daily low made on same bar[1]. No trade until a new daily high or new daily low made.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #403
  • Aug 21, 2015 8:04am Aug 21, 2015 8:04am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 37 KB


A bar makes a NEW DAILY 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.

A bar makes a NEW DAILY 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.

Let me rephrase in the form of yes/no or true/false questions.

1) Did a new daily high or new daily low happen during the previous bar. If YES/TRUE go to question 2, otherwise find another pair.

2) Did this bar test ( get near ) the new daily high or new daily low of the previous bar. If YES/TRUE go to question 3, otherwise find another pair.

3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open, otherwise do not enter the trade.

"Successful people ask better questions, and as a result, they get better answers." - Tony Robbins

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.


Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #404
  • Aug 21, 2015 9:29am Aug 21, 2015 9:29am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow2.png Size: 37 KB


Previous trade stopped out BE+2.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #405
  • Aug 24, 2015 3:47pm Aug 24, 2015 3:47pm
Trading was fast and furious. So much so, no time to post trades today.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #406
  • Aug 25, 2015 2:49pm Aug 25, 2015 2:49pm
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It took a while.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #407
  • Aug 25, 2015 2:52pm Aug 25, 2015 2:52pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 37 KB


Next hour.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #408
  • Aug 26, 2015 6:56am Aug 26, 2015 6:56am
Hi TooSlow.

Thank you for keeping such a succinct trading journal. It has been very easy to follow right from post #1.

I believe I've understood your entry method from your patient and excellent teachings and now I will
spend the time and test it on my own method as possibly a more efficient means to enter my trades and to
simplify my method further.

If I have any questions I will be sure to post them here.

Subscribed!
Healthy, Wealthy & Steady!!
  • #409
  • Aug 26, 2015 8:44am Aug 26, 2015 8:44am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 35 KB


A bar makes a NEW DAILY 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.

A bar makes a NEW DAILY 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.

Let me rephrase in the form of yes/no or true/false questions.

1) Did a new daily high or new daily low happen during the previous bar. If YES/TRUE go to question 2, otherwise find another pair.

2) Did this bar test ( get near ) the new daily high or new daily low of the previous bar. If YES/TRUE go to question 3, otherwise find another pair.

3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open, otherwise do not enter the trade.

"Successful people ask better questions, and as a result, they get better answers." - Tony Robbins

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.


Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #410
  • Aug 26, 2015 9:11am Aug 26, 2015 9:11am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 35 KB


Next hour.

Received multiple requests for colored candles or bars.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #411
  • Aug 26, 2015 10:11am Aug 26, 2015 10:11am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow2.png Size: 34 KB


Getting stopped out at BE+2 many times. Rethought strategy. An improvement is to exit part of position at BE+5. Extra 3 pips stays in account.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #412
  • Aug 27, 2015 10:50am Aug 27, 2015 10:50am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 34 KB


BE+5 seems to be paying off repeatedly.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #413
  • Aug 27, 2015 3:44pm Aug 27, 2015 3:44pm
Hi

Even though my 1st attempted Entry got quickly stopped out
just thought I'd share a nice 123 Entry during today's London session on USD CAD.

I will do more testing over the weekend as I look to add this to my method, but my "eye" really likes this style of Entry and price reading.

Thank you again for sharing and explaining it in your journal.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-28_6-37-44_USD CAD_123.png Size: 30 KB
Healthy, Wealthy & Steady!!
  • #414
  • Aug 28, 2015 8:53am Aug 28, 2015 8:53am
Quoting SunnyFx2002
Hi Even though my 1st attempted Entry got quickly stopped out just thought I'd share a nice 123 Entry during today's London session on USD CAD. I will do more testing over the weekend as I look to add this to my method, but my "eye" really likes this style of Entry and price reading. Thank you again for sharing and explaining it in your journal. {image}
Hello SunnyFx2002. Can you explain how you will add this to your method? Thanks.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #415
  • Aug 28, 2015 8:54am Aug 28, 2015 8:54am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow2.png Size: 37 KB


Next hour.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #416
  • Aug 28, 2015 9:16am Aug 28, 2015 9:16am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 36 KB


Waiting.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #417
  • Aug 28, 2015 10:37am Aug 28, 2015 10:37am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 37 KB


I repeat this so new comers don't have to go back to the first post.


A bar makes a NEW DAILY 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.

A bar makes a NEW DAILY 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.

Let me rephrase in the form of yes/no or true/false questions.

1) Did a new daily high or new daily low happen during the previous bar. If YES/TRUE go to question 2, otherwise find another pair.

2) Did this bar test ( get near ) the new daily high or new daily low of the previous bar. If YES/TRUE go to question 3, otherwise find another pair.

3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open, otherwise do not enter the trade.

"Successful people ask better questions, and as a result, they get better answers." - Tony Robbins

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.


Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #418
  • Sep 1, 2015 4:29am Sep 1, 2015 4:29am
Quoting TooSlow
{quote} Hello SunnyFx2002. Can you explain how you will add this to your method? Thanks.
Great question TooSlow.

My whole "method" is about trading with the flow of the market using Daily Fractal Breaks and Supply and Demand Zones.

Using your 1-2-3 Entry method trading in the direction of the Market Flow from SD zones should really assist me in greatly improving
my reward to risk on my trades while at the same time simplify my entries as the rules (IMHO) are solid and will stop me from trying to read too much into
what the candlesticks "might" be telling me.

Less subjectivity means better execution.

Cheers

Sunny
Healthy, Wealthy & Steady!!
  • #419
  • Sep 1, 2015 10:29am Sep 1, 2015 10:29am
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow2.png Size: 38 KB


Current trade.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #420
  • Sep 1, 2015 10:31am Sep 1, 2015 10:31am
Quoting SunnyFx2002
{quote} Great question TooSlow. My whole "method" is about trading with the flow of the market using Daily Fractal Breaks and Supply and Demand Zones. Using your 1-2-3 Entry method trading in the direction of the Market Flow from SD zones should really assist me in greatly improving my reward to risk on my trades while at the same time simplify my entries as the rules (IMHO) are solid and will stop me from trying to read too much into what the candlesticks "might" be telling me. Less subjectivity means better execution. Cheers Sunny
Thanks Sunny, that's understandable.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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