Heads up Aud-Cad
Trading is as simple as 1-2-3
- #2,542
- Mar 9, 2017 8:06am Mar 9, 2017 8:06am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Heads up Aud-Cad
- #2,543
- Mar 9, 2017 8:07am Mar 9, 2017 8:07am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Another option could be here, if it's done with the theatrics...
- #2,544
- Mar 9, 2017 8:08am Mar 9, 2017 8:08am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Another option could be here, if it's done with the theatrics... {image}
- #2,545
- Mar 9, 2017 8:11am Mar 9, 2017 8:11am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
There was another great set-up on the US500 this morning. I missed this one, unfortunately but nice to see it happened again and may indeed be repeatable as thought yesterday.
I don't think we'll see it push high enough for a top-out but would still be worthwhile keeping an eye on - and even look at the HOLO possibilities as well now.
I don't think we'll see it push high enough for a top-out but would still be worthwhile keeping an eye on - and even look at the HOLO possibilities as well now.
- #2,547
- Mar 9, 2017 8:21am Mar 9, 2017 8:21am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Heads-Up...might be ready to go now, as it's banging heads with a major Fib-Line on the Daily chart...
- #2,548
- Mar 9, 2017 8:25am Mar 9, 2017 8:25am
- Joined Mar 2012 | Status: Trader | 14,314 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,549
- Mar 9, 2017 8:55am Mar 9, 2017 8:55am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
There was another great set-up on the US500 this morning. I missed this one, unfortunately but nice to see it happened again and may indeed be repeatable as thought yesterday. {image} I don't think we'll see it push high enough for a top-out but would still be worthwhile keeping an eye on - and even look at the HOLO possibilities as well now.
- #2,550
- Mar 9, 2017 9:07am Mar 9, 2017 9:07am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} I thought wrong - we could get something now after all... {image}
- #2,551
- Mar 9, 2017 9:16am Mar 9, 2017 9:16am
- | Joined May 2016 | Status: Keep on rockin' me babe | 1,711 Posts
- #2,553
- Mar 9, 2017 11:52am Mar 9, 2017 11:52am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Patience always pays off...
- #2,554
- Mar 9, 2017 11:58am Mar 9, 2017 11:58am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Not as good as the EJ but still pips in the bag...
- #2,555
- Edited 2:33pm Mar 9, 2017 12:53pm | Edited 2:33pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Not quite there yet but one to watch...
Hi All. New to this thread and would like to ask for a little clarification on the 3 part of the 1-2-3 method.
"3) Did I answer YES to Q1 and Q2? IF YES/TRUE THEN ENTER AT H1 OPEN PRICE IN DIRECTION PRICE IS CROSSING THE OPEN AWAY FROM THE NEW DAILY HIGH OR NEW DAILY LOW TOWARDS THE OPEN, OTHERWISE, DO NOT ENTER THE TRADE."
Would someone be willing to walk me through a specific example, bar by bar, to make sure I understand the entry? In the image below is the EURUSD showing the last two days of H1 activity. The "days" line is set at the 5:00 pm NY close to define a new trading day. Yesterday's high and low are marked with red labels. Today's high and low are marked with blue labels. For simplicity, C1 and C2 designate the first and second bars after today's new high.
If I understand the rule correctly, when C2 started, a short entry should have been made. Is that the correct understanding?
"3) Did I answer YES to Q1 and Q2? IF YES/TRUE THEN ENTER AT H1 OPEN PRICE IN DIRECTION PRICE IS CROSSING THE OPEN AWAY FROM THE NEW DAILY HIGH OR NEW DAILY LOW TOWARDS THE OPEN, OTHERWISE, DO NOT ENTER THE TRADE."
Would someone be willing to walk me through a specific example, bar by bar, to make sure I understand the entry? In the image below is the EURUSD showing the last two days of H1 activity. The "days" line is set at the 5:00 pm NY close to define a new trading day. Yesterday's high and low are marked with red labels. Today's high and low are marked with blue labels. For simplicity, C1 and C2 designate the first and second bars after today's new high.
If I understand the rule correctly, when C2 started, a short entry should have been made. Is that the correct understanding?
- #2,557
- Mar 9, 2017 2:04pm Mar 9, 2017 2:04pm
- Joined Mar 2012 | Status: Trader | 14,314 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,558
- Mar 9, 2017 2:35pm Mar 9, 2017 2:35pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Not quite there yet but one to watch... {image}
...
{quote} NO. Read the rules again and apply them candle by candle.
Let's assume C1 is about to close.
1. Did price make a new daily high/daily low last bar? Yes. On the bar prior to C1, a new daily high was reached. Proceed to Question 2.
2. Did price fail to make a new daily high/daily low this bar? Yes. C1 failed to make a new daily high. Proceed to Step 3.
3. "ENTER AT H1 OPEN PRICE..." of which candle C2?
"...IN DIRECTION PRICE IS CROSSING THE OPEN...." of which candle...the Daily High candle?
".... AWAY FROM THE NEW DAILY HIGH ... TOWARDS THE OPEN..." open of which candle?
It is the three parts of step 3 that I'm a bit mixed up on. Help on exactly how to implement step 3 using the chart below would be very much appreciated. Thanks for your patience.
