Attachments: Trading is as simple as 1-2-3

Trading is as simple as 1-2-3

#1,141
Edited 3:09pm May 16, 2016 2:18pm | Edited 3:09pm

mizi123
Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts

Hi bro i have some question for you if you don't minde to answer me:
1.For sightings HH or LL you use fractals right?
2. Wich pairs are best for trading;
3.Indicators that you use are avaliable;
4.How you determine SL - TP-s?
Thanx in advace

#1,142
May 17, 2016 6:57am May 17, 2016 6:57am

TooSlow
Joined Mar 2012 | Status: Trader | 14,309 Posts

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Get ready.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#1,143
Edited 7:19am May 17, 2016 6:58am | Edited 7:19am

TooSlow
Joined Mar 2012 | Status: Trader | 14,309 Posts

Quoting mizi123

Disliked

Hi bro i have some question for you if you don't minde to answer me: 1.For sightings HH or LL you use fractals right? 2. Wich pairs are best for trading; 3.Indicators that you use are avaliable; 4.How you determine SL - TP-s? Thanx in advace

Ignored

1. NO

2. Whatever pairs are most volatile during your trading session.

3. No indicators necessary

4. Stop loss is at daily high + 1 or daily low - 1. Stop is moved to BE+1 as soon as practical. Part of the position is exited at BE+5 to BE+10. That secures profit.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#1,144
May 17, 2016 9:11am May 17, 2016 9:11am

mizi123
Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts

Quoting TooSlow

Disliked

{quote} 1. NO 2. Whatever pairs are most volatile during your trading session. 3. No indicators necessary 4. Stop loss is at daily high + 1 or daily low - 1. Stop is moved to BE+1 as soon as practical. Part of the position is exited at BE+5 to BE+10. That secures profit.

Ignored

But how do you nou that that HH or LL is the higest or lowest for that day?

#1,145
May 18, 2016 8:26am May 18, 2016 8:26am

TooSlow
Joined Mar 2012 | Status: Trader | 14,309 Posts

Quoting mizi123

Disliked

{quote} But how do you nou that that HH or LL is the higest or lowest for that day?

Ignored

No one knows.
We know HH and LL at the time.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#1,146
May 18, 2016 8:27am May 18, 2016 8:27am

TooSlow
Joined Mar 2012 | Status: Trader | 14,309 Posts

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I repeat each day 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.

"Perfection is not when you have nothing more to add, but when you have nothing more to take away." - Antoine De Saint Exupery

"It is not about adding on, but taking away. The less technique, the better you are." - Bruce Lee

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

#1,147
May 18, 2016 9:13am May 18, 2016 9:13am

TooSlow
Joined Mar 2012 | Status: Trader | 14,309 Posts

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#1,148
May 18, 2016 12:02pm May 18, 2016 12:02pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,309 Posts

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Lots of movement today.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#1,149
May 19, 2016 3:08am May 19, 2016 3:08am

mizi123
Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts

What's your opinion in using a indicator that shows supply and demand zones because as all we now not every part of the day matters but when price rich these levels there must something happend. i apriciate your opinion thanx a lot

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#1,150
May 19, 2016 3:29am May 19, 2016 3:29am

TooSlow
Joined Mar 2012 | Status: Trader | 14,309 Posts

Quoting mizi123

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What's your opinion in using a indicator that shows supply and demand zones because as all we now not every part of the day matters but when price rich these levels there must something happend. i apriciate your opinion thanx a lot {image} {image}

Ignored

Indicators like that rank right up there with reading tea leaves, crystal balls, tarot cards, etc... In my opinion.
You asked 😉

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade