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Trading is as simple as 1-2-3

  • #1,381
  • Sep 1, 2016 10:08am Sep 1, 2016 10:08am
Quoting TooSlow
{quote} No. Did not trade the breakout. Waited for reversal.
It was wonderful both ways
  • #1,382
  • Sep 5, 2016 7:06am Sep 5, 2016 7:06am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,383
  • Sep 7, 2016 7:08am Sep 7, 2016 7:08am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,384
  • Sep 7, 2016 8:49am Sep 7, 2016 8:49am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,385
  • Sep 8, 2016 4:51am Sep 8, 2016 4:51am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,386
  • Sep 10, 2016 1:38am Sep 10, 2016 1:38am
Hi Too Slow,

I have been unable to find an answer to Rule 2 of the 1-2-3 method:

Did this bar test the High / Low of the last bar.

How many pips qualifies as a test? I understand the rest of the rules when applied to H1 timeframe, except for this one question.

Thank you
  • #1,387
  • Sep 10, 2016 5:01am Sep 10, 2016 5:01am
Quoting courier12
Hi Too Slow, I have been unable to find an answer to Rule 2 of the 1-2-3 method: Did this bar test the High / Low of the last bar. How many pips qualifies as a test? I understand the rest of the rules when applied to H1 timeframe, except for this one question. Thank you
The nature of trading is uncertainty.
The answer is not how many pips.
Trader must make own decision.
Trust your judgement.
Do not expect to win every trade.
Do not expect to win any particular trade.
Strive to be profitable overall.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,388
  • Sep 10, 2016 5:05am Sep 10, 2016 5:05am
Quoting TooSlow
{quote} The nature of trading is uncertainty. The answer is not how many pips. Trader must make own decision. Trust your judgement. Do not expect to win every trade. Do not expect to win any particular trade. Strive to be profitable overall.
ok, thank you Too Slow. I understand.

I thought there was some quantifiable rule like you have in the HOLO thread with requiring a M5 or M15 candle to open in the H1 HOLO area of interest.

I understand that any retrace beyond this current candle's open which "tests" the prior candle High / low is ok. (Prior candle in this case is the breakout candle on which you don't enter)

Thank you
  • #1,389
  • Sep 10, 2016 5:53am Sep 10, 2016 5:53am
Quoting courier12
{quote} ok, thank you Too Slow. I understand. I thought there was some quantifiable rule like you have in the HOLO thread with requiring a M5 or M15 candle to open in the H1 HOLO area of interest. I understand that any retrace beyond this current candle's open which "tests" the prior candle High / low is ok. (Prior candle in this case is the breakout candle on which you don't enter) Thank you
The rule can be applied here as well.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,390
  • Sep 10, 2016 8:15am Sep 10, 2016 8:15am
Quoting TooSlow
{quote} The rule can be applied here as well.
Cool, thanks Too Slow!
  • #1,391
  • Sep 12, 2016 10:26am Sep 12, 2016 10:26am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,392
  • Sep 12, 2016 5:34pm Sep 12, 2016 5:34pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,393
  • Sep 13, 2016 5:28am Sep 13, 2016 5:28am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,394
  • Sep 13, 2016 5:44am Sep 13, 2016 5:44am
GBPCHF and EURGBP to join your potential USDCAD...
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  • #1,395
  • Sep 13, 2016 6:13am Sep 13, 2016 6:13am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,396
  • Sep 13, 2016 6:31am Sep 13, 2016 6:31am
Those two not finished yet but Cable joins the party late and may just be running out of puff.
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  • #1,397
  • Sep 13, 2016 6:36am Sep 13, 2016 6:36am
EURCAD Missed this, as busy elsewhere...

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  • #1,398
  • Sep 13, 2016 6:39am Sep 13, 2016 6:39am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,399
  • Sep 13, 2016 7:11am Sep 13, 2016 7:11am
EURGBP Still going...

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  • #1,400
  • Sep 13, 2016 7:15am Sep 13, 2016 7:15am
GBPUSD Testing, testing...

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