Trading is as simple as 1-2-3

I walked away from my GU trade earlier came back it is +124. It looks like it got as high as +198. I just put a 50 TS on it.

And people still wonder why we like 1-2-3 trades...

This not set yet (above DWZ)...

Not done yet...

Lem I have heard of DWZ but don't know anything about it how are you using it?

I'll pm you when I get a minute later, hal.

Well, you'd have got something if you'd gone in but it's hardly a convincing move - at the moment, anyway.



EDIT: Price now sitting right at the top edge of the DWZ - not sure if it wants to go in...

Each hour I track the potential trades that have the new hi or lo bar on a spreadsheet. Last hour had the following:

long
ej +8
jy +21
cf +13
ca +7
eg +9

short
au +9
eu nt
gu +25
nz +8

the ej, ca, au, nz stopped

You would have to be a real mult-tasker to trade all those at the same time

last hour potential trades

long
ej +25
ca +25

short
au +11
nz +16

there are no potential trades this hour which is pretty rare.

last hour potential trades

long
cf +21

short
au -7
eu +31

It really doesn't!

Sometimes they do's and sometimes they don't's.

You guys are having a real go at it. LOL!!

Hey hal, mind sharing how you manage your TS?

Sure Rfs199, ha, ha well I have found the most profitable way to trade is to way away from my computer and go fora bike ride.

I am still playing around with determining the most effective for me. What I typically do is set my stop 3 pips off high or low.
When the trade goes to +5 I pull 80% off. Then I pretty much do nothing.

Yesterday for example on that GU I did that and when I got back home it was around +125 and I had seen it went as high as +198. I then decided to arbitrarily slap a +50 TS on it and it eventually stopped out overnight. +75. So I have yet to determine the right mix on a TS. I lean to the wider though for now.

They don't always go like that of course but I have seen a number of real runners +40, +50, etc.

I know Too Slow is a big advocate of the tight stop. BE+1 and a move up of +5. I am using that over on HiLo right now and it does indeed protect profit. However I am finding on my results there I am getting profits of +1 and +5. On the flip side if you do not get to +5 to lock that 1 pip I am seeing -12 and -23. I have yet to catch a runner with that strategy.

A result for those who went in...

Oil went as well. Good things come to those who wait for sure...

For those who frequent the less visited corners of our world, this would have been a cracker. I was busy elsewhere...

Still rollin'...