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Trading is as simple as 1-2-3

  • #3,141
  • Apr 21, 2017 2:23am Apr 21, 2017 2:23am
No entry (yet) on the 100 and as it's Friday, I'm not going to hang about too long waiting for one. Doesn't help that it's doing it's mad Higher High + Lower Low all in one candle job again...

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  • #3,142
  • Apr 21, 2017 2:24am Apr 21, 2017 2:24am
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  • #3,143
  • Apr 21, 2017 2:27am Apr 21, 2017 2:27am
Here on the F40, the entry candle actually went on to become a new high but as I was already in, it was all a sideshow to me. It never came close to hitting my hard-stop.

Even if you'd waited for the later entry, you'd still be well ahead...

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  • #3,144
  • Apr 21, 2017 3:07am Apr 21, 2017 3:07am
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Short GJ +5 profit locked
  • #3,145
  • Apr 21, 2017 3:09am Apr 21, 2017 3:09am
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Long CA from last hour +5 profit locked
  • #3,146
  • Apr 21, 2017 3:28am Apr 21, 2017 3:28am

GJ +30, 20 trailer on.
  • #3,147
  • Apr 21, 2017 3:44am Apr 21, 2017 3:44am
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GJ, Bombs away +56. How did I know it was going down? Answer: I didn't. But it's nice to be on the right side of it when it does, and on a Friday.
  • #3,148
  • Apr 21, 2017 4:08am Apr 21, 2017 4:08am
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A riskier trade on this EG. Interestingly enough had a hi an lo on the same bar last hour. Took it short of course and managed to lock in the +5 quickly. Again on the right side of things.
  • #3,149
  • Apr 21, 2017 5:15am Apr 21, 2017 5:15am
At last...

The 100 mirrored Hal's EG and gave those H+L in same bar doo-dah. Got in on this move now though...

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  • #3,150
  • Apr 21, 2017 5:18am Apr 21, 2017 5:18am
The F40 has been smooth sailing so far, though looks like a pause here. I have obviously not entered any reverse trade on this at this point but have moved my stop up tight to protect the dosh, just in case...

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  • #3,151
  • Apr 21, 2017 5:25am Apr 21, 2017 5:25am
As for the others, a bit of a yawn - well maybe not a yawn but not exactly knock-yer-socks-off excitement...

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Over in the Bavarian side of town, however, there is - conversely - a little too much movement. Annoyingly so.

Base has been locked and the rest has been off on some magical mystery tour all morning since...ho hum.

I know what basil Fawlty would say...

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  • #3,152
  • Apr 21, 2017 5:30am Apr 21, 2017 5:30am
Quoting lemercenaire
Possible set-up on EJ.
Doing ok. Pretty well for a last-minute addition, actually. I only saw this as I was scalping the EJ at the time. Right place, right time...

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  • #3,153
  • Apr 21, 2017 8:32am Apr 21, 2017 8:32am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,154
  • Apr 21, 2017 9:05am Apr 21, 2017 9:05am
Quoting TooSlow
{image}
Last H1 bar was signal too for a short though right?
  • #3,155
  • Apr 21, 2017 10:24am Apr 21, 2017 10:24am
Quoting lemercenaire
{quote} Hi again. Sorry, just didn't have the time to get back re these before now. Anyway, to give you a quick run down on your questions: I trade through the day from Frankfurt Open to Japanese session onward. Not to say that I am on 1-2-3 for every minute but that at any time during those hours, I will take any trade that presents itself. If I find a set-up, I will run a check-list. Time of day/session...surrounding price landscape...volatility...yada, yada, yada...you get the picture. I have recently given more weight to running 1-2-3 on indices....

Thank you so much for your explanations, you have been very helpful in my journey.

Can you just elaborate on a thing or two:

I will run a check-list. Time of day/session...surrounding price landscape...volatility...yada, yada, yada...you get the picture.
What do you mean by Time of day, surrounding price landscape volatility? How do you measure these?

I use fib-maps as tp points cw Supply+Demand zones.
What are your indicators for this and how do you use them?


Thanks so much !!
  • #3,156
  • Apr 21, 2017 10:33am Apr 21, 2017 10:33am
Quoting hal7
GJ +30, 20 trailer on.
PHENOMENAL!
  • #3,157
  • Apr 21, 2017 10:33am Apr 21, 2017 10:33am
Quoting hal7
{image} GJ, Bombs away +56. How did I know it was going down? Answer: I didn't. But it's nice to be on the right side of it when it does, and on a Friday.
SURFS UP!
  • #3,158
  • Apr 21, 2017 10:33am Apr 21, 2017 10:33am
Quoting TooSlow
{image}
thank you!
  • #3,159
  • Apr 21, 2017 10:46am Apr 21, 2017 10:46am
Quoting lemercenaire
As for the others, a bit of a yawn - well maybe not a yawn but not exactly knock-yer-socks-off excitement... {image} {image} Over in the Bavarian side of town, however, there is - conversely - a little too much movement. Annoyingly so. Base has been locked and the rest has been off on some magical mystery tour all morning since...ho hum. I know what basil Fawlty would say... {image}
if my broker is showing these symbols in my Market Watch list, such as uk100cash us500cash us30cash, does it mean i'm eligible to partake in these instruments?
  • #3,160
  • Apr 21, 2017 1:06pm Apr 21, 2017 1:06pm
Quoting faatkumo
{quote} Thank you so much for your explanations, you have been very helpful in my journey. Can you just elaborate on a thing or two: I will run a check-list. Time of day/session...surrounding price landscape...volatility...yada, yada, yada...you get the picture. What do you mean by Time of day, surrounding price landscape volatility? How do you measure these? I use fib-maps as tp points cw Supply+Demand zones. What are your indicators for this and how do you use them? Thanks so much !!
Time of day matters because there is little point trading a pair who's market is not open etc. By the same token, volatility around the session opens mean that there is more likelihood of a breakout move and hence an opportunity once that has finished. 1-2-3 trades often top-and-tail the day, so are more likely early and late(r) in the sessions. HOLO more likely in the flatter periods. It's no different to being aware of red news, etc.

A fib-map is purely an overlay of fib extensions from various points, often different time-frames. This gives a ''map'' of potential turning-points and hence tp points for our trade. There is no one indicator for this, it's just something I do.

S+D zones give areas where turns, stalls and moves can occur from. If you do a search of FF you will find many options to chose from.
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