Trading is as simple as 1-2-3

Quoting hal7

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{quote} 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...

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Quoting Rfs199

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First trade. GBPUSD +5. It was the first time using partial profit + trailing stop and wasn't sure how to set it up, and accidentally TP'd the whole position at +5 . Missed a little run. I figured it out now though. Question: When do you usually adjust the SL to BE+1? When the trade is at +3? {image} PS: I loaded your template and for some reason it's showing EURUSD instead of the correct symbol (not sure what's up with that but it doesn't change much anyway).

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Quoting Rfs199

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First trade. GBPUSD +5. It was the first time using partial profit + trailing stop and wasn't sure how to set it up, and accidentally TP'd the whole position at +5 . Missed a little run. I figured it out now though. Question: When do you usually adjust the SL to BE+1? When the trade is at +3? {image} PS: I loaded your template and for some reason it's showing EURUSD instead of the correct symbol (not sure what's up with that but it doesn't change much anyway).

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Quoting lemercenaire

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{quote} Still not entirely sure exactly what it is you are looking at when you say you have been ''tracking moves above the previous day's hi lo'', however keep us in the loop if and when anything starts to firm up! It's amazing what can come out of an initially seemingly loose collection of thoughts.

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Quoting hal7

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{quote} I'm simply looking at how many pips accumulate when a pair breaks the PD hi or low. There was a very brief discussion on this or the other thread. Since it is a break out strategy it runs counter to what TooSlow has here. That's it, simple as 1-2-3. When the markets are rocking and price slams through that PD hi or lo it can rack up some pips, and thus the cautionary warning for taking it the other way. Today however when so far the market is crawling as example if you look at CAD it broke that Friday low and racked up 1 pip. But for now...

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Quoting BrokeCollege

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Also EU and UC pick your poison!

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Quoting lemercenaire

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{quote} UC doing its ''top-and-tail'' thing again... {image}

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Quoting Rfs199

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First trade. GBPUSD +5. It was the first time using partial profit + trailing stop and wasn't sure how to set it up, and accidentally TP'd the whole position at +5 . Missed a little run. I figured it out now though. Question: When do you usually adjust the SL to BE+1? When the trade is at +3? {image} PS: I loaded your template and for some reason it's showing EURUSD instead of the correct symbol (not sure what's up with that but it doesn't change much anyway).

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Quoting BrokeCollege

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Took EU got out at +3, but a good target could have been the DP or daily midline. {image}

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