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Trading is as simple as 1-2-3

  • #2,061
  • Jan 17, 2017 4:58am Jan 17, 2017 4:58am
The past hour had these trades off of new hi or lows:
long
ej +7
jy +26
cf +16
ca +15
eg +22

short
eu +21
gu +51
gj +37
  • #2,062
  • Jan 17, 2017 5:09am Jan 17, 2017 5:09am
Quoting hal7
The past hour had these trades off of new hi or lows: long ej +7 jy +26 cf +16 ca +15 eg +22 short eu +21 gu +51 gj +37
hmm, very nice, but I can not keep track many pairs at once )
  • #2,063
  • Jan 17, 2017 5:27am Jan 17, 2017 5:27am
Yes one would need a black belt in multi-tasking. I track them on a spreadsheet and its pretty easy because of the one hour set ups on this method. I have also done the multi trades on a demo account with varying success.

My EG trade is back up to +14.
  • #2,064
  • Jan 17, 2017 5:34am Jan 17, 2017 5:34am
Quoting hal7
Yes one would need a black belt in multi-tasking. I track them on a spreadsheet and its pretty easy because of the one hour set ups on this method. I have also done the multi trades on a demo account with varying success. My EG trade is back up to +14.
Thank Hal7, but the spreadsheet at the complex for me
  • #2,065
  • Jan 17, 2017 6:13am Jan 17, 2017 6:13am
Attached Image (click to enlarge)
Click to Enlarge Name: EU 123.png Size: 16 KB

Caught this freight train as it was pulling into the station, took some profit at +5 and currently sit at +9.
  • #2,066
  • Jan 17, 2017 6:24am Jan 17, 2017 6:24am
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 123a.png Size: 17 KB


Took this UJ long with the EU short, currently sits at +33.
  • #2,067
  • Jan 17, 2017 8:59am Jan 17, 2017 8:59am
Quoting Eve55
Hey guys, can you please say whether the selected entry correct? Still makes me a problem to determine whether to return to D1 is sufficient or not. This is a test rates D1? Thank you Eva {image}
In those situations, Eve, it can sometimes help to jump up to look at H4 or even Daily to have a look at the bigger picture.
  • #2,068
  • Jan 17, 2017 9:01am Jan 17, 2017 9:01am
Quoting hal7
The past hour had these trades off of new hi or lows: long ej +7 jy +26 cf +16 ca +15 eg +22 short eu +21 gu +51 gj +37
Yep, it's been a bumper day for 1-2-3...
  • #2,069
  • Jan 17, 2017 11:43am Jan 17, 2017 11:43am
Quoting lemercenaire
{quote} In those situations, Eve, it can sometimes help to jump up to look at H4 or even Daily to have a look at the bigger picture.
Hi LM,

When and under what conditions would u jump to the H4? or even possibly the daily instead of just the H1?

Thank you,
  • #2,070
  • Jan 17, 2017 11:46am Jan 17, 2017 11:46am
The two on the day for me took a couple of entries each before they came good, so gave me:

UC -13 +14
EJ -14 +33
  • #2,071
  • Jan 17, 2017 11:56am Jan 17, 2017 11:56am
Quoting courier12
{quote} Hi LM, When and under what conditions would u jump to the H4? or even possibly the daily instead of just the H1? Thank you,
In what sense? Would I trade off that Time-Frame? Or use them for an overview?

I would trade H4 if there was one right there in front of me and I wasn't working on anything else - I don't go looking for them, same with the Daily.

If you mean how I would use the higher Time-Frames as a guideline, well, pretty much every time I find an H1 1-2-3 setting up. I always try and give myself as much information as possible before I enter a trade.

As you've seen, I will like a set up that has price in the Wick-Zone of the H4 and / or Daily bars over one that is outside, as statistically there is an edge there for us (price likes to leave those zones). However this is a technique that works for me as I also trade this way elsewhere, there is nothing in the official rules of 1-2-3 which states this is necessary.

The main thing with 1-2-3 trades over all, as Hal and myself have mentioned earlier, is that you do not bail if the first entry does not work - cut your losses (and this is vitally important, do not be tempted to let it run just in case it turns) and then re-enter. This is what I did today.
  • #2,072
  • Jan 17, 2017 12:02pm Jan 17, 2017 12:02pm
Annoyed that I didn't catch the EJ on the way back down, mind you. Oh well, there's always the next one...

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1as1-2-3gotonwayupmissedgoingdown17thjan17.png Size: 27 KB
  • #2,073
  • Jan 17, 2017 12:21pm Jan 17, 2017 12:21pm
Attached Image (click to enlarge)
Click to Enlarge Name: OILUSDH1as1-2-3jan17th17.png Size: 23 KB
  • #2,074
  • Jan 17, 2017 12:26pm Jan 17, 2017 12:26pm
Quoting lemercenaire
OILUSDH1as1-2-3jan17th17.png;2144094 {image}
This will be an interesting set-up to watch. Looks good but price is well above the H4 and Daily Upper WZ areas. Watch this space...

Attached Image (click to enlarge)
Click to Enlarge Name: OILUSDH1as1-2-3incRatjan17th17.png Size: 24 KB
  • #2,075
  • Jan 17, 2017 5:32pm Jan 17, 2017 5:32pm
Quoting lemercenaire
Annoyed that I didn't catch the EJ on the way back down, mind you. Oh well, there's always the next one... EURJPYH1as1-2-3gotonwayupmissedgoingdown17thjan17.png;2144085 {image}
Rule #5
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,076
  • Jan 17, 2017 7:04pm Jan 17, 2017 7:04pm
Quoting lemercenaire
{quote} This will be an interesting set-up to watch. Looks good but price is well above the H4 and Daily Upper WZ areas. Watch this space... OILUSDH1as1-2-3incRatjan17th17.png;2144098 {image}
Came good...

Attached Image (click to enlarge)
Click to Enlarge Name: OILUSDH1as1-2-3resultCWRat17thjan17.png Size: 24 KB
  • #2,077
  • Jan 17, 2017 9:57pm Jan 17, 2017 9:57pm
Hi LM

Can you explain ....I will like a set up that has price in the Wick-Zone of the H4 and / or Daily bars over one that is outside....?
Thank you.
  • #2,078
  • Jan 17, 2017 9:58pm Jan 17, 2017 9:58pm
Quoting lemercenaire
{quote} In what sense? Would I trade off that Time-Frame? Or use them for an overview? I would trade H4 if there was one right there in front of me and I wasn't working on anything else - I don't go looking for them, same with the Daily. If you mean how I would use the higher Time-Frames as a guideline, well, pretty much every time I find an H1 1-2-3 setting up. I always try and give myself as much information as possible before I enter a trade. As you've seen, I will like a set up that has price in[/highlight]...
Thank you LM,

Yes I meant using H4 and Daily for overview, apologize if that was not clear.

But your reply shows H4 and daily can be used in 2 ways:

1. For overview - price in H4 or daily WZ OR
2. To trade 123 on H4 or daily itself.

I was specifically refering to Tuesday 17th, since the 1st and possibly 2nd entry in 123 was stopped out before a 3rd try went in your favor. Hence your comments about using H4 and daily for either of the above 2 make total sense.

I understand that there is nothing about H4 and daily in the 123 rules.

Very helpful the way you put it. Thank you,
  • #2,079
  • Jan 18, 2017 2:00am Jan 18, 2017 2:00am
Not convinced this is going to go but one to watch anyway, just in case...

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1as1-2-3+rat18thjan17.png Size: 27 KB
  • #2,080
  • Jan 18, 2017 2:25am Jan 18, 2017 2:25am
Quoting lemercenaire
Not convinced this is going to go but one to watch anyway, just in case... USDJPYH1as1-2-3+rat18thjan17.png;2144737 {image}
Went to have a look to see how it looked as a HOLO - glad I did ...

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5asHOLOstilltruckin18thjan17.png Size: 29 KB


Don't usually post HOLO trades over here or vice-versa but this shows a perfect example of how the two methods complement each other perfectly.
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