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Trading is as simple as 1-2-3

  • #1,681
  • Dec 14, 2016 11:51am Dec 14, 2016 11:51am
Still showing good potential...

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  • #1,682
  • Dec 14, 2016 12:06pm Dec 14, 2016 12:06pm
Another solid option...

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  • #1,683
  • Dec 14, 2016 4:16pm Dec 14, 2016 4:16pm
A possible late night / early morning set up for those of us in the UK...

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  • #1,684
  • Dec 14, 2016 5:22pm Dec 14, 2016 5:22pm
Aye, nice...

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  • #1,685
  • Dec 15, 2016 1:22am Dec 15, 2016 1:22am
Ready to go...

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  • #1,686
  • Dec 15, 2016 4:49am Dec 15, 2016 4:49am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,687
  • Dec 15, 2016 5:55am Dec 15, 2016 5:55am
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I'm in this long EG trade despite in having broken through yesterday's low. Currently up around +14 will let it run, maybe it caught the low of the day, maybe not. Time will tell. Time is the only certainty. Relatively speaking of course.
  • #1,688
  • Dec 16, 2016 12:17am Dec 16, 2016 12:17am
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  • #1,689
  • Dec 16, 2016 2:06am Dec 16, 2016 2:06am
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Shorted the bad boy, currently at about +40.
  • #1,690
  • Dec 16, 2016 4:59am Dec 16, 2016 4:59am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,691
  • Dec 16, 2016 6:02am Dec 16, 2016 6:02am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,692
  • Dec 16, 2016 8:11am Dec 16, 2016 8:11am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,693
  • Dec 16, 2016 8:28am Dec 16, 2016 8:28am
Remind self to trade when nothing is going on in the market. I am sitting on 9 open trades right off these hours, +230.
  • #1,694
  • Dec 16, 2016 9:06am Dec 16, 2016 9:06am
Quoting hal7
Remind self to trade when nothing is going on in the market. I am sitting on 9 open trades right off these hours, +230.
Nice work.
Well done.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,695
  • Edited 3:48pm Dec 16, 2016 2:02pm | Edited 3:48pm
Quoting hal7
Remind self to trade when nothing is going on in the market. I am sitting on 9 open trades right off these hours, +230.
From HOLO:
''I have begun tracking those moves above the previous days hi lo. Over 9 pairs. No conclusions yet, and may not be for this thread, but yesterday was 515 pips.''

Did you ever take a closer look at this? I know it was in respect of HOLO but (a) I thought it may be even more suited to 1-2-3 and (b) I didn't want to discuss it over there and get the rookies all confused.
  • #1,696
  • Dec 17, 2016 11:30am Dec 17, 2016 11:30am
Quoting Adalhard
did u get success in this way?
On 1-2-3 in general? If so, then yes, very successful. It's not perhaps the most glamorous or showbiz of methods and it does require a little patience but it's a very repeatable process. I love it.
  • #1,697
  • Dec 17, 2016 1:11pm Dec 17, 2016 1:11pm
Quoting lemercenaire
{quote} On 1-2-3 in general? If so, then yes, very successful. It's not perhaps the most glamorous or showbiz of methods and it does require a little patience but it's a very repeatable process. I love it.
NAILING a 1-2-3 gets the blood going. My favorite setup in all of trading. Easy to spot money to be made.
  • #1,698
  • Dec 18, 2016 11:02am Dec 18, 2016 11:02am
Hello TooSlow, I've been reading this thread for a while and finally made it to the last page. I look forward to testing this tomorrow.

I've got a couple of questions if you don't mind answering:

1) When you talk about BE+1, is that +1 to account for spreads/commisions, or do you mean a +1 pip net profit?
2) When you talk about "trading breakouts with caution", do you take anything else into account when breakouts happen? Or do you just avoid the trade?
3) Are there any pairs that you avoid?
4) Would you recommend newcomers to test this with only one pair?
5) On the second step / question you mention:
" 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."
Approximately, how close should it get to the daily high? Somewhere you said "Usual criteria for a test is within 10 pips." Does that mean that for a level to be tested, it has to be within a 10 pip range?
6) Let's say at +5 I bank half of the position, and when the trade is +10 and I switch to trailing stop. (I don't know how to phrase this exactly) Of how much pips is the trailing stop? Would you recommend anything here or is the trailing stop up to the individual with this method? Do you just prefer adjusting the stop loss manually every X amount of pips?

I wrote down some notes / questions as I was reading the thread. Hope I'm not asking something that has already been answered.

Thanks in advance!
  • #1,699
  • Dec 18, 2016 11:23am Dec 18, 2016 11:23am
Quoting Rfs199
Hello TooSlow, I've been reading this thread for a while and finally made it to the last page. I look forward to testing this tomorrow. I've got a couple of questions if you don't mind answering: 1) When you talk about BE+1, is that +1 to account for spreads/commisions, or do you mean a +1 pip net profit? 2) When you talk about "trading breakouts with caution", do you take anything else into account when breakouts happen? Or do you just avoid the trade? 3) Are there any pairs that you avoid? 4) Would you recommend newcomers to test this with only...
1) Net profit.
2) Usually avoid. Rule #5
3) High spread, high margin requirement pairs.
4) Yes. Master the method. Sticking to one pair minimizes variables. There will be hot and cold "streaks". Do not want to switch from cold to cold to cold to cold...
5) Yes. But 5 is better than 10. And 2 is better than 5. You want price to be rejected from making a new high/low.
6) 5 pip trailing usually works. To fine tune, use a frequency distribution for the chart period range. Keep in the price is the same on all chart periods.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,700
  • Dec 18, 2016 2:06pm Dec 18, 2016 2:06pm
Quoting lemercenaire
{quote} From HOLO: ''I have begun tracking those moves above the previous days hi lo. Over 9 pairs. No conclusions yet, and may not be for this thread, but yesterday was 515 pips.'' Did you ever take a closer look at this? I know it was in respect of HOLO but (a) I thought it may be even more suited to 1-2-3 and (b) I didn't want to discuss it over there and get the rookies all confused.
Well Lemer, I'm a rookie too, now.

Yeah I try to keep daily track of it, does not take too long to do. But I don't want it to distract from these threads as it is a break out approach. Not sure yet if anything could be set up for it as far a rules. It has shown some clues as to how the markets play out each day and what can be expected. But again it is not a predictor of anything.

A couple of interesting things that developed on it last week: I have been track about 10 pairs.

Wednesday they collectively showed 1,013. Thursday showed 1,193 pips. And if you recall those days we were constantly looking for the turning point on those highs and lows fueled mostly by news events.

Friday by contrast show collectively only 185 pips. And with those conditions I was cleaning up on the 1-2-3 trades.
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