Trading is as simple as 1-2-3 | Page 155 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

trading is simple - trading is easy 43 replies

Simple trading method 49 replies

Attachments: Trading is as simple as 1-2-3
Exit Attachments

Trading is as simple as 1-2-3

  • #3,081
  • Apr 19, 2017 7:39am Apr 19, 2017 7:39am
Currently sitting in JY +7, GJ +13, EG +18, EJ +97
  • #3,082
  • Apr 19, 2017 8:18am Apr 19, 2017 8:18am
Quoting hal7
Currently sitting in JY +7, GJ +13, EG +18, EJ +97
I figured with the likelihood of all those calm, shallow, markets today, it would be a day away from 1-2-3 activity (and pretty good for HOLO especially) but good on you for showing that even these conditions throw up 1-2-3 winners.
  • #3,083
  • Apr 19, 2017 8:29am Apr 19, 2017 8:29am
Attached Image (click to enlarge)
Click to Enlarge Name: 41917 123 gu.png Size: 15 KB

Short GU +5 profit locked
  • #3,084
  • Apr 19, 2017 8:31am Apr 19, 2017 8:31am
Yes, I have found the entries to be most reliable today on balance.
  • #3,085
  • Apr 19, 2017 12:48pm Apr 19, 2017 12:48pm
Trade update: JY , EG stopped out with profit. Currently in GU +40, EJ +74, GJ +84
  • #3,086
  • Apr 19, 2017 3:21pm Apr 19, 2017 3:21pm
whats a good SL TP guide for this sytem?
  • #3,087
  • Apr 19, 2017 3:44pm Apr 19, 2017 3:44pm
Hello guys
I need an EA script. Buy with current price (Lot, TP, SL) and add pending order buy limit (Lot, TP, SL, Distance) and other pending order buy limit (Lot, TP, SL, Distance).
For Sell the same thing.
Can anybody help me?
Sorry, my english
Thank you
  • #3,088
  • Apr 19, 2017 4:11pm Apr 19, 2017 4:11pm
Quoting JJTrader500
Hello guys I need an EA script. Buy with current price (Lot, TP, SL) and add pending order buy limit (Lot, TP, SL, Distance) and other pending order buy limit (Lot, TP, SL, Distance). For Sell the same thing. Can anybody help me? Sorry, my english Thank you
Head on over to the Platform Tech forum. Post your questions there - you may get lucky.
  • #3,089
  • Apr 19, 2017 4:13pm Apr 19, 2017 4:13pm
Quoting faatkumo
whats a good SL TP guide for this sytem?
SL is covered in the rules. TP is variable between those of us trading 1-2-3. It's a question that has been answered many times now.
  • #3,090
  • Apr 19, 2017 4:52pm Apr 19, 2017 4:52pm
Quoting lemercenaire
{quote} SL is covered in the rules. TP is variable between those of us trading 1-2-3. It's a question that has been answered many times now.
Yes you're right.

Did catch up on this.

However, question:

When H1 Hits the Days HI/LOW on the next H1 Candle, are you placing your order immediately at the open, or actually waiting for the price to swing around to cross back?
By the looks of it on the posts, you guys are waiting for price to swing back after it furthers/tests the HI/LOW then you place pending. after how many minutes do you do this? or do you do this at all?
  • #3,091
  • Apr 19, 2017 4:56pm Apr 19, 2017 4:56pm
None of these were traded by me today but just for the record, here's how The Weird Bunch looked - not too shabby considering it began as a quiet day...

Attached Image (click to enlarge)
Click to Enlarge Name: .US30CashH1asTheWeirdBunchForTheRecord19thApril17.png Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: .US500CashH1asTheWeirdBunchForTheRecord19thApril17.png Size: 25 KB


Attached Image (click to enlarge)
Click to Enlarge Name: .UK100CashH1asTheWeirdBunchForTheRecord19thApril17.png Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashH1asTheWeirdBunchForTheRecord19thApril17.png Size: 27 KB


Attached Image (click to enlarge)
Click to Enlarge Name: .FRANCECashH1asTheWeirdBunchForTheRecord19thApril17.png Size: 27 KB


Now, obviously, these are showing optimal entry points - no doubt there would have been a couple of false-starts across the board before the home-runs came in. I've shown these entries to avoid any confusion about validity of the set-ups. As I said, just for the record.

All will be - or already are, more like - on my Watch-List for tomorrow's probable return trips.
  • #3,092
  • Apr 19, 2017 5:23pm Apr 19, 2017 5:23pm
Quoting faatkumo
{quote} Yes you're right. Did catch up on this. However, question: When H1 Hits the Days HI/LOW on the next H1 Candle, are you placing your order immediately at the open, or actually waiting for the price to swing around to cross back? By the looks of it on the posts, you guys are waiting for price to swing back after it furthers/tests the HI/LOW then you place pending. after how many minutes do you do this? or do you do this at all?
The rules do state that you are waiting for the bar after a new extreme to ''test'' that extreme (H or L), this is true. However, I think I speak for those of us here when I say that this is not always possible. Sometimes price will move into a trade position immediately and if you were to wait, you'll miss it.

You can, of course, wait for a possible retrace back over - it does happen - and get in there. That is for sure an option.

However, once you have run a few of these, you will quickly come to realise that you may as well set up your entry as soon as the bar closes / opens. If it's going to continue on again and make a new extreme, it was going to do so anyway, whether you had waited or not.
  • #3,093
  • Apr 19, 2017 5:33pm Apr 19, 2017 5:33pm
Quoting lemercenaire
{quote} The rules do state that you are waiting for the bar after a new extreme to ''test'' that extreme (H or L), this is true. However, I think I speak for those of us here when I say that this is not always possible. Sometimes price will move into a trade position immediately and if you were to wait, you'll miss it. You can, of course, wait for a possible retrace back over - it does happen - and get in there. That is for sure an option. However, once you have run a few of these, you will quickly come to realise that you may as well set up your...


So you suggest opening up order as soon as that next bar opens for the open price?

Also what do you mean by extreme what defines an extreme ?
  • #3,094
  • Apr 19, 2017 5:48pm Apr 19, 2017 5:48pm
Quoting faatkumo
{quote} So you suggest opening up order as soon as that next bar opens for the open price? Also what do you mean by extreme what defines an extreme ?
Extreme trading

Attached Image


To extreme. ..

Been a long day. Working with sore back.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,095
  • Apr 19, 2017 6:03pm Apr 19, 2017 6:03pm
Quoting hal7
Yes, I have found the entries to be most reliable today on balance.
On balance meaning?
  • #3,096
  • Apr 19, 2017 6:08pm Apr 19, 2017 6:08pm
Quoting faatkumo
{quote} So you suggest opening up order as soon as that next bar opens for the open price? Also what do you mean by extreme what defines an extreme ?
Yes, well, ok, there is going to be some sort of delay unless you are simply going to take the close of the set-up bar (by all means do that if it floats your boat) but you will in 99% of cases get movement away from that level and that will give you a chance to set up your limit-order.

By extreme, I mean the new Daily High or Low qualifying as a new set-up bar.
  • #3,097
  • Apr 19, 2017 6:32pm Apr 19, 2017 6:32pm
Quoting lemercenaire
{quote} Yes, well, ok, there is going to be some sort of delay unless you are simply going to take the close of the set-up bar (by all means do that if it floats your boat) but you will in 99% of cases get movement away from that level and that will give you a chance to set up your limit-order. By extreme, I mean the new Daily High or Low qualifying as a new set-up bar.
As im reading you're very heavy in this system.

Do you trade certain hours?
Certain pairs?

And it it seems you target 5pip with SL at the HI/LO of the extreme bar is this true?
Best Trail Stop practices?

Is there setup ups based on r/r you wouldn't enter into?
  • #3,098
  • Apr 19, 2017 6:49pm Apr 19, 2017 6:49pm
Quoting faatkumo
{quote} As im reading you're very heavy in this system. Do you trade certain hours? Certain pairs? And it it seems you target 5pip with SL at the HI/LO of the extreme bar is this true? Best Trail Stop practices? Is there setup ups based on r/r you wouldn't enter into?
Hi faatkumo. It's getting late here - almost 01:00 and I'm starting to flag while still having some work to do. So instead of chucking out a few rushed words, I am going to ask for your patience and get back to you when I get the chance tomorrow.

(The cheeky answers to tide you over are:
No
No and/or Yes`
Yes
I've got a couple
Yes but...)

'Night all - catch you tomorrow.
  • #3,099
  • Apr 20, 2017 2:57am Apr 20, 2017 2:57am
Attached Image (click to enlarge)
Click to Enlarge Name: 42017 123 eg.png Size: 18 KB

Usually don't get in the first hour of London but this EG presented itself +6 profit locked.
  • #3,100
  • Apr 20, 2017 3:04am Apr 20, 2017 3:04am
Attached Image (click to enlarge)
Click to Enlarge Name: 42017 123 gu.png Size: 18 KB

Also got in this GU from last hour locked the 5.
2 traders viewing now