Trading is as simple as 1-2-3

That's the way to do it!

Stayed away from 1-2-3 (and HOLO) today as cautious about the red in the middle of my day and after yesterday's hectic run didn't want to push it. Kept myself busy elsewhere

I generally don't trade this late into the day, but today happened to be around. Thanks for the heads up TooSlow. I only took +5, had to go do something but it went at least 18 and may get more.

Nice to be in a trade when it decides to move like this GU. It came .6 from the low and I took it of course when it moved up to the open currently +16 with profit locked. You can also see my late afternoon trade from yesterday on the left corner of the chart. I was talking yesterday about how I used to not move my original stop. I think I took about +5 in that trade it ended up running +51 before bottoming out. (Correction it it actually hit the low but I took the trade anyway as no one was looking).

Love it - my kind of trading!

Yeah Lem, but my conscience got the better of me and decided to come clean.

hal, I have been reading your post about your spreadsheet. I get the basic idea of what your tracking but can you provide any insight into how you actually organize it all? I have set up one with pairs to watch and the hours I would like to track. how do you go about filling it in so its nice and organized lol hope its not too much of a stupid question

for instance I'm trying to start today with logging the action. but for eurgbp for example its parabolic trending upwards and a few bars have failed to break another high before dipping below the open. so am I just counting all of those bars like that and how much pips they drove below the open

Hi Piphunter, I won't be on here much longer today but I can give you maybe some idea of what I do. It's fairly simple. It helps me keep track of my active pairs for the hour and I am building a database that dates back to January now that may show some things. If I ever get around to studying it, and assuming it will yield anything useful or tradeable.

I would upload the spreadsheet example but I have tried doing that and FF does not seem to accommodate excel files.

Essentially I set up each hour horizontally in my trading day from 0400 to around 1100. Each column are my pairs au, eu, ej, gu, gj, nz, jy, cf, ca, eg. I highlight my long set ups in blue, my shorts in red as an example this hour I have eu, gj, cf, eg as my active pair. I do this all before the hour kicks off it takes a minute is all. Then toward the end of the hour I record how many pips if any each pair got for the hour. That's really about it. Minimum target of course is +5, that is where I take my partial profit. But again I rarely take more that one trade of these, now anyway. I look at my best prospect which often involves just dead reckoning based on what I see. Often correct, sometimes not.

At the bottom for each hour I have a simple running sum of potential pips in that hour the pairs made collectively.

As an example today a light kind of wacky trading day being Friday I got 0400 +33, 0500 +39, 0600 +6

By contrast yesterday had 0400 +24, 0500 +113, 0600 +115

In the past TooSlow mentioned I needn't go to all this trouble as there are tools from some other universe that essentially do this kind of stuff. But for me it takes very little time and I amuse myself reinventing the wheel everyday.

Don't know if that helps you visualize, but you can experiment what works for you.

Here you go... I copied and pasted it.....how's that for orgainzied.......kind of like my trading style....

3/24 400 500 600 700 800

au 7 au 7 au au au
eu eu 7 eu eu eu
ej ej 14 ej ej ej
gu 24 gu 6 gu gu gu
gj gj gj 0 gj gj
nz nz nz nz nz
jy jy jy jy jy
cf cf 1 cf 4 cf cf
ca ca ca ca ca
eg 2 eg 4 eg 2 eg eg

78 33 39 6 0 0

Really, it looks a lot more organized and colorful in real time.

You are using two sticks instead of a lighter.

TooSlow needs to let the cat out the bag were are these other worldly tools he speaks of lol I could use em! thank you so much for your run down of this your are such a big help.. how do you go about marking down a loss to keep it realistic? is it if it simply doesn't reach +5 before knocking you out?

Well it might come from my mom telling me not to play with matches, and with a lighter would be down right dangerous

where can we find said lighter? I'm not underage and have proof of identity

A loss perish the thought! Yeah I have a column there that I sporadically will record what the potential loss was if it didn't go +5. And hopefully I wasn't in that one.

OK I am out of here for today it's Friday, time to study the NCAA trades for tonight.

lol winrate that good huh? thank you for all you have helped me with today hal enjoy

They come from an ADVANCED ALIEN CIVILIZATION.
You will have to travel to their galaxy

how come your lower open is currently around where price is? on my chart the lowest open is the daily open at 110.91

is this just a feed difference

Show me your chart.