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Trading is as simple as 1-2-3

  • #2,121
  • Jan 21, 2017 11:30am Jan 21, 2017 11:30am
Quoting foed
Hello guys. At first I would like to thank to TooSlow for sharing his system. I have heard a lot of great references to this system from few people, and also this thread is the proof also. I tried to write EA for this, but it ended with bad results. Equity were going directly down. So I would like to ask you, what everything are you considering before entering the trade. I wrote EA exactly as pictures above describes, but for sure I will write it down here: 1) I check daily High and Low. If previous candle is above daily High (or bellow daily low)...
It is interesting to see the amount of work put in on this by yourself. However, as well as the points made by those above, I feel that although entries are straight forward, the rest of the method is too discretionary to translate over into code. We have found the same with HOLO.

I feel there will be ways to cherry-pick the best set-ups but often it comes down to gaining experience of the surrounding market ''landscape'' and trader ''gut'' instinct. I know there are times when I will be faced with two set ups but know that one will have a better chance of success than the other, however I would genuinely be hard pressed to quantify why I can say that.

I do agree that it would be a good idea to trade the method manually for a while to get a real feel for how it performs and to understand the comments I have just made.

Good luck - and let us know how you get on!
  • #2,122
  • Jan 21, 2017 11:31am Jan 21, 2017 11:31am
Quoting lemercenaire
{quote} You came in with sarcasm and smart-mouth, nothing more: ( Danny Kaye... "the king has no clothes ") Expect to be shot down. Good luck on your journey.
lol, what are you like Lem...
Attached Image

one candle to trade off with hopefully 1 2 3 , That could be 04-00 candle or a Daily... chart aimed at Star.
1 2 3 is quite interesting..... anyway sleep time . I have been working in my Ladys house again and tonight i am heling my mate out in his night club. Take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,123
  • Jan 21, 2017 11:53am Jan 21, 2017 11:53am
Quoting billytt
{quote} lol, what are you like Lem... nnnnn.PNG;2149829 one candle to trade off with hopefully 1 2 3 , That could be 04-00 candle or a Daily... chart aimed at Star. 1 2 3 is quite interesting..... anyway sleep time . I have been working in my Ladys house again and tonight i am heling my mate out in his night club. Take care {image}
Hi Billy! Did you manage to escape with all fingers intact this time?

The thing with 1-2-3 is that you can see that pattern appear all day long on every time frame. I do feel that there are optimum conditions that mean that the set ups will be stronger and repeatable in some circumstances more than others. The trick is finding them.

I notice that the ones that appear after an initial strong move on The Dead Zone tend to be strong and bring profit consistently and that would make sense if you take the time to think about what is actually happening in the market at those particular times.

Another is the tendency for certain pairs to ''top-and-tail'' the day, UC being one of these in particular. There are others.

At the moment, it's more about finding the time to devote to doing a full breakdown of the available information without sacrificing screen time elsewhere.

Having said all that, the method does just fine as it is, so would one just be tinkering round the edges?

I will check out the 04:00 candle though, as we know how powerful it is.

Cheers, buddy and see you back at the ranch on Monday.
  • #2,124
  • Jan 21, 2017 12:52pm Jan 21, 2017 12:52pm
Quoting Rfs199
{quote} If you really want to try this out I suggest you read the whole thread. Quoting TooSlow on this: "4. Stop loss is at daily high + 1 or daily low - 1." Why are you using arbitrary fixed stops without considering the daily low/high? The SL is not going to be the same in every trade. Also, you're not considering breakouts. As TooSlow said, try this manually first.
Thank you Rfs. This is really big thread and I, I admit, didnt read it whole. I have read about first 5 pages and last ten.
So thank you for your correction. I tried it to add it to EA. Result is ofcourse better, but still bad.
SL HIGH/LOW of day +-1pip.
TP:trailing 10 pips.
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  • #2,125
  • Jan 21, 2017 6:41pm Jan 21, 2017 6:41pm
Quoting billytt
Hello TS, this is my first visit here and i love it. Very simple method to follow and trade. I look forward to checking it out maybe try it out on Dax... Take care bud, keep it going and trade well...
Welcome aboard.
Nice to have you.
May I suggest you look at a H1 Dax chart.
Does it "work"?
If you can see it works, then pick up some pips.
Should be obvious.
If not obvious, then it will not work.
My bet is on billytt raking in the pips.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,126
  • Jan 21, 2017 6:46pm Jan 21, 2017 6:46pm
Quoting foed
{quote} Thank you Rfs. This is really big thread and I, I admit, didnt read it whole. I have read about first 5 pages and last ten. So thank you for your correction. I tried it to add it to EA. Result is ofcourse better, but still bad. SL HIGH/LOW of day +-1pip. TP:trailing 10 pips. {image}
There has been serious consideration to place in POST #1 of my threads the following warning:

MENTIONING AN EA IN THIS THREAD WILL GET YOU ON MY IGNORE LIST.

You may wonder as to the reason.
It is because most of the EA BRIGADE fails to take the time to read the thread and practice the method before they attempt coding an EA.
Then they have the audacity to tell those who have been making pips that this method does not work.
You might as well tell a bumblebee they can't fly because you have some formula that proves they can't fly.
Have you ever seen a bumblebee fly?

The EA BRIGADE needs to go find another sandbox to play in.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,127
  • Jan 21, 2017 7:31pm Jan 21, 2017 7:31pm
Quoting TooSlow
{image} 1.5622 - 1.5572 = 0.0050 Take 50 pip profit?
I get stuck on Page one trying to understand the charts. I understand the instructions. They are simple, but going back to page one TS, I will quote where you lost me. In the chart 1.5572 IS the low. Period. Based up your quote. That is when you bought this currency, at 1.5572.

If I understand your chart, 1.56036 is the OPEN of the Trading Day. This NOT where you look to go long after a failed new low..is it?

I would think that after a failed attempt to go lower, the new bar reverses and your buy stop would be at the open px of, well I don't know the opening px of the newest bar in this chart, because it is not listed. I just wish there were notations on the chart so I can get on the same page TS.
Another area of confusion; D1[0]OPEN and D1[0]HIGH D id Day? D1 is yesterday (one day back?) D0 is today? Then D1[0] is what? Forgive me TS for the inane questions. I am just trying to understand this. Often there is an assumpation that everyone automatically knows the nomenclature. Not so with me. This has to be something your trading platform uses. I do not use Meta4..yet. Furthermore, I have read that Meta4 will be obsolete in favor of Meta5 very soon. So all I want to understand is where exactly in you example will you get long in this trade?
One more question regarding another PAGE ONE POST. Stay tuned.
  • #2,128
  • Jan 21, 2017 7:47pm Jan 21, 2017 7:47pm
[quote=lemercenaire;9464379]{quote} Hi Billy! Did you manage to escape with all fingers intact this time? The thing with 1-2-3 is that you can see that pattern appear all day long on every time fra
Hi, yes indeed. It is interesting. I think we might have specific times were the 1 2 3 has better odds of winning, example UK open etc. But this is not my baby and i have no stats yet ...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,129
  • Edited Jan 22, 2017 2:15am Jan 21, 2017 7:49pm | Edited Jan 22, 2017 2:15am
Quoting TooSlow
{quote} Welcome aboard. Nice to have you. May I suggest you look at a H1 Dax chart. Does it "work"? If you can see it works, then pick up some pips. Should be obvious. If not obvious, then it will not work. My bet is on billytt raking in the pips. Cheers!
thanks TS, i definately will look at Dax especially when we see the UK open and it does the false break ( i actually dislike saying False break) i think it is the big guys playing games.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,130
  • Jan 21, 2017 8:18pm Jan 21, 2017 8:18pm
04-15 here and i am testing Dax on 1 2 -3. It isnt a full test as i cannot set my Pc to do it,So i will get my friend to do it.
Like you said in 1st post SB, if it goes up Long and if it goes down Short. i say that quite often but normally say go with the big boys....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,131
  • Jan 21, 2017 8:27pm Jan 21, 2017 8:27pm
Quoting frisco
{quote} I get stuck on Page one trying to understand the charts. I understand the instructions. They are simple, but going back to page one TS, I will quote where you lost me. In the chart 1.5572 IS the low. Period. Based up your quote. That is when you bought this currency, at 1.5572. If I understand your chart, 1.56036 is the OPEN of the Trading Day. This NOT where you look to go long after a failed new low..is it? I would think that after a failed attempt to go lower, the new bar reverses and your buy stop would be at the open px of, well I don't...
M1 is the 1 minute
M5 is the 5 minute
M15 is the 15 minute
M30 is the 30 minute
H1 is the hourly
H4 is the 4 hour
D1 is the daily
W1 is the weekly
MN is the monthly

[0] is the current bar/candle
[1] is the previous bar/candle

D1[0] is the current daily
D1[1] is the previous daily

Understand?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,132
  • Jan 21, 2017 9:33pm Jan 21, 2017 9:33pm
Quoting TooSlow
{quote} M1 is the 1 minute M5 is the 5 minute M15 is the 15 minute M30 is the 30 minute H1 is the hourly H4 is the 4 hour D1 is the daily W1 is the weekly MN is the monthly [0] is the current bar/candle [1] is the previous bar/candle D1[0] is the current daily D1[1] is the previous daily Understand?
This I understand. Back to your series of charts on page 1. Specifically, POST number two. Red Caps & Blue socks. Am I to understand that there is a trade generated after each bar with a blue sock or a Red cap?
So a bar with a red cap IS NOT the signal bar. I would wait to see what the next bar did. I wish the charts had the higher highs notated as such. (I know...the red caps...but...) Again, not trades on sock or cap bars.right?
  • #2,133
  • Edited 2:18am Jan 22, 2017 2:00am | Edited 2:18am
Quoting frisco
{quote} This I understand. Back to your series of charts on page 1. Specifically, POST number two. Red Caps & Blue socks. Am I to understand that there is a trade generated after each bar with a blue sock or a Red cap? So a bar with a red cap IS NOT the signal bar. I would wait to see what the next bar did. I wish the charts had the higher highs notated as such. (I know...the red caps...but...) Again, not trades on sock or cap bars.right?

Hi Frisco, Post 2 is easy to follow off TS's post. even though every high/low isnt highlighted.

You need the previous high/low to be tested then retraced past the open.... TS hope i am ok to answer..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,134
  • Jan 22, 2017 2:19am Jan 22, 2017 2:19am
Apologies, i have realised i was calling TS the wrong name lol.... so posts have been fixed...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,135
  • Jan 22, 2017 2:21am Jan 22, 2017 2:21am
TS, i have in the past used a break of H/L retrace to open on bad inside bar as a fix.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,136
  • Jan 22, 2017 2:21am Jan 22, 2017 2:21am
Quoting TooSlow
{quote} There has been serious consideration to place in POST #1 of my threads the following warning: MENTIONING AN EA IN THIS THREAD WILL GET YOU ON MY IGNORE LIST. You may wonder as to the reason. It is because most of the EA BRIGADE fails to take the time to read the thread and practice the method before they attempt coding an EA. Then they have the audacity to tell those who have been making pips that this method does not work. You might as well tell a bumblebee they can't fly because you have some formula that proves they can't fly. Have you...
Thank you TS for your reaction. I didn't want to say this system doesn't work because my EA doesn't work. I really didnt. I believe this system works. I have few real friends who are using this with 80 - 90 % winning trades. All I was trying to do, to show my results to you guys, who may see some mistakes I have made. I would correct that and share with you. My intent really wasn't to say THIS SYSTEM DOESN'T WORK.
If it made you upset, I'm sorry.

Have a nice day.
  • #2,137
  • Jan 22, 2017 4:55pm Jan 22, 2017 4:55pm
Quoting frisco
{quote} This I understand. Back to your series of charts on page 1. Specifically, POST number two. Red Caps & Blue socks. Am I to understand that there is a trade generated after each bar with a blue sock or a Red cap? So a bar with a red cap IS NOT the signal bar. I would wait to see what the next bar did. I wish the charts had the higher highs notated as such. (I know...the red caps...but...) Again, not trades on sock or cap bars.right?
Frisco, frisco, frisco...you are going to give yourself a seizure if you don't try to stop over-thinking stuff so much!!!

See below...Big Red Arrows pointing at Big Red Box...

Seriously - and sincerely - This Is All You Need To Know!!!

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  • #2,138
  • Jan 22, 2017 5:41pm Jan 22, 2017 5:41pm
Quoting billytt
{quote} Hi Frisco, Post 2 is easy to follow off TS's post. even though every high/low isnt highlighted. You need the previous high/low to be tested then retraced past the open.... TS hope i am ok to answer..
Of course.
Thank you for lending a hand.
Much appreciated.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,139
  • Jan 22, 2017 5:43pm Jan 22, 2017 5:43pm
Quoting foed
{quote} Thank you TS for your reaction. I didn't want to say this system doesn't work because my EA doesn't work. I really didnt. I believe this system works. I have few real friends who are using this with 80 - 90 % winning trades. All I was trying to do, to show my results to you guys, who may see some mistakes I have made. I would correct that and share with you. My intent really wasn't to say THIS SYSTEM DOESN'T WORK. If it made you upset, I'm sorry. Have a nice day.
No.
Trade talk is not worth getting upset over.
It is just the EA BRIGADE raises its head over and over again.
Gets tiring.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,140
  • Jan 22, 2017 5:46pm Jan 22, 2017 5:46pm
Quoting lemercenaire
{quote} Frisco, frisco, frisco...you are going to give yourself a seizure if you don't try to stop over-thinking stuff so much!!! See below...Big Red Arrows pointing at Big Red Box... Seriously - and sincerely - This Is All You Need To Know!!! FRISCO-THIS-Is-all-u-need-to-know_Ink_LI.jpg;2150684 {image}
Some people just can't be reached.

Inserted Video
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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