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Trading is as simple as 1-2-3

  • #1,981
  • Jan 9, 2017 9:35am Jan 9, 2017 9:35am
Maybe coming...

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  • #1,982
  • Jan 9, 2017 9:41am Jan 9, 2017 9:41am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,983
  • Jan 9, 2017 1:57pm Jan 9, 2017 1:57pm
Quoting trapforex
{quote} Yes, really simple method. I got 3 losses and 0 winners today. First loss AUDUSD 6 pips, second loss NZDUSD 5.4 pips, and third loss USDJPY 8.6 . So for today -20 pips.
The method is indeed simple, but you can't judge it based on 3 trades. As TooSlow told me when I first got here a while back:

"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..."

Stick to one pair and see how it goes.
  • #1,984
  • Jan 9, 2017 4:09pm Jan 9, 2017 4:09pm
We've got a while to wait till the next bar opens but it may be worthwhile keeping an eye out here (the JPY is taking a battering across the board at the moment).

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  • #1,985
  • Jan 9, 2017 9:48pm Jan 9, 2017 9:48pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,986
  • Jan 10, 2017 3:18am Jan 10, 2017 3:18am
Quoting Rfs199
{quote} The method is indeed simple, but you can't judge it based on 3 trades. As TooSlow told me when I first got here a while back: "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..." Stick to one pair and see how it goes.
Excellent point Rfs199.
  • #1,987
  • Jan 10, 2017 3:56am Jan 10, 2017 3:56am
Attached Image (click to enlarge)
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Picked up this this awesome GU trade right out of the box this morning. It is +21 and I have it on a 10 pip trailer. I kind of like no news days.
  • #1,988
  • Jan 10, 2017 4:05am Jan 10, 2017 4:05am
Attached Image (click to enlarge)
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I did not take its partner GJ on the same move. Did it qualify, I believe so by moving .2 lower off the open. It ran up +64 during the hour.
  • #1,989
  • Jan 10, 2017 4:55am Jan 10, 2017 4:55am
Attached Image (click to enlarge)
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Just missed getting stopped on this NZ. I set 3 below the low. Currently +5 profit locked.
  • #1,990
  • Jan 10, 2017 4:59am Jan 10, 2017 4:59am
Attached Image (click to enlarge)
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This EJ did not qualify because it did not move higher off the open. I doubt I would have taken it had it being so close to the high. Yet it got 32 pips going down.
  • #1,991
  • Jan 10, 2017 5:50am Jan 10, 2017 5:50am
Well Done Hal7 , Im using a variant of the 123 on 30 min chart trading AJ soley because asian session is best for me . I will post when I have enough results to justify posting , your idea of colored price labels has been a boon .. Great Fortune and Good health in 2017 to you cheers SP
  • #1,992
  • Jan 10, 2017 7:47am Jan 10, 2017 7:47am
Quoting hal7
{image} This EJ did not qualify because it did not move higher off the open. I doubt I would have taken it had it being so close to the high. Yet it got 32 pips going down. {image}
What are the blue HIGH LOW on the right side of your chart?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,993
  • Jan 10, 2017 12:33pm Jan 10, 2017 12:33pm
Quoting TooSlow
{quote} What are the blue HIGH LOW on the right side of your chart?
That is the hi low of current bar.
  • #1,994
  • Jan 10, 2017 12:40pm Jan 10, 2017 12:40pm
Quoting hal7
{quote} That is the hi low of current bar.
OK.
Thanks.
Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,995
  • Jan 10, 2017 7:06pm Jan 10, 2017 7:06pm
This baby is going to the roof...Big real money baby...
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  • #1,996
  • Jan 10, 2017 7:24pm Jan 10, 2017 7:24pm
Quoting maximus2005
This baby is going to the roof...Big real money baby... {image}
It'll be interesting to see if you have to wait a couple of bars or just one before the come-back. My feeling is you'd be looking at a stronger turn if it gets to 122.771 (Upper Daily Alien Airspace).

Attached Image (click to enlarge)
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Price has already left the upper edge of the H4 Upper Zone.
  • #1,997
  • Jan 10, 2017 7:30pm Jan 10, 2017 7:30pm
If it's a Dead Cat Bounce on the H4, then we could get a reasonable shot here...

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  • #1,998
  • Jan 10, 2017 7:32pm Jan 10, 2017 7:32pm
UC completes my watch-list for tonight...

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  • #1,999
  • Jan 11, 2017 3:13am Jan 11, 2017 3:13am
So...A rather nice haul overnight from the three on the watch-list.

EJ went for another bar before turning. As expected, it wasn't the strongest of moves as it came early but still not too shabby...

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GC was an absolute cracker - in fact, it still is, as it's still running. Lovely...

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UC came down somewhere in between and bagged a good bunch of pips and has only just closed out at the turn of the hour.

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All in all, a very, very, nice way to mark our 100th page on 1-2-3
  • #2,000
  • Jan 11, 2017 4:18am Jan 11, 2017 4:18am
Quoting lemercenaire
All in all, a very, very, nice way to mark our 100th page on 1-2-3 {image} {image} {image}
You da man!
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