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Trading is as simple as 1-2-3

  • #3,161
  • Apr 21, 2017 1:09pm Apr 21, 2017 1:09pm
Quoting faatkumo
{quote} 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?
If they are on your broker's list, then yes. The charts and markets I use are spread-betting ones from here in the UK, so the same - but different.

Please be aware that pip-values and price behaviour are different from ''normal'' fx. If you want to try these out, it goes without saying that you should demo only, first.
  • #3,162
  • Apr 21, 2017 1:27pm Apr 21, 2017 1:27pm
OK folks, so here's the updates on The Weird Bunch as they stand (or at least stood) going out of the UK session...

The 100 was like a super-bouncy-ball today. My move long went off like a rocket, all the way to a new high. I didn't get in on the reverse, which would have been a cracker in its own right...

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The F40 bounced off that mid-drop pause sure enough but added another lovely chunk of dosh to the bag before it did. Again, not traded by me on the way back...

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The two American cousins added a burst of energy to close their weeks - awesome...

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So, last but not least, well, actually pretty much least, The Dax shuffled south all day doing its own thing, weaving about all over the place, like a driver on British roads avoiding the potholes. Did ok if you didn't panic and took your profit when you could. Needless to say, the reverse that, as on the others, I didn't take, ended up being much more substantial.

Hey, it's a Friday - who cares.

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  • #3,163
  • Apr 21, 2017 1:30pm Apr 21, 2017 1:30pm
Oh - and that EJ afterthought...put the tail on it very nicely indeed. Not bad for a last-minute addition (and there's also been a reverse on this as well - I've added a later chart to show this move).

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  • #3,164
  • Apr 21, 2017 1:32pm Apr 21, 2017 1:32pm
One thing to mention as I have on the other threads I frequent - remember the French elections begin in earnest this weekend. I really wouldn't be leaving any positions open, especially any including the Euro, not even with a hard-stop.

If I don't get back on, have a good one and I'll see you all on Monday.
  • #3,165
  • Apr 21, 2017 1:47pm Apr 21, 2017 1:47pm
Quoting lemercenaire
{quote} 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...
5 Wins - 4 Losses
Terrible day for me, please let me know your thoughts, Blue arrows are entries, red arrows are SLs:
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  • #3,166
  • Apr 22, 2017 8:37am Apr 22, 2017 8:37am
Can anyone give me thoughts? Thanks!
  • #3,167
  • Apr 22, 2017 10:05am Apr 22, 2017 10:05am
Quoting faatkumo
Can anyone give me thoughts? Thanks!
While the method works, it does not work consistently. It works better with particular instruments.

I believe some of the more experienced traders apply more than just the rules described here to get the most out of it.

You can look at my demo account for ideas on what instruments you should trade and avoid trading:
https://www.forexfactory.com/samsha786/13

I'm a newbie myself, so it's also possible that I too am making mistakes.
  • #3,168
  • Apr 22, 2017 12:14pm Apr 22, 2017 12:14pm
Quoting samsha786
{quote} While the method works, it does not work consistently. It works better with particular instruments. I believe some of the more experienced traders apply more than just the rules described here to get the most out of it. You can look at my demo account for ideas on what instruments you should trade and avoid trading: https://www.forexfactory.com/samsha786/13 I'm a newbie myself, so it's also possible that I too am making mistakes.

thanks for the insight.
im sure many strategies work well with certain instruments.
i'm testing them on the same pairs Hal is using as it seems to be his preferred set of instruments.

it's difficult to really
  • #3,169
  • Apr 24, 2017 1:43am Apr 24, 2017 1:43am
TEXTBOOK DEAL: EURCHF 30+

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  • #3,170
  • Apr 24, 2017 1:50am Apr 24, 2017 1:50am
Quoting samsha786
TEXTBOOK DEAL: EURCHF 30+ {image}
Still going... 40+
  • #3,171
  • Apr 24, 2017 1:53am Apr 24, 2017 1:53am
Quoting samsha786
TEXTBOOK DEAL: EURCHF 30+ {image}
Closed: 45 pips.
  • #3,172
  • Apr 24, 2017 2:18am Apr 24, 2017 2:18am
BUY: GBPUSD 6.9 pips.

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  • #3,173
  • Apr 24, 2017 2:37am Apr 24, 2017 2:37am
Quoting samsha786
BUY: GBPUSD 6.9 pips. {image}
Good trading Sameer
  • #3,174
  • Apr 24, 2017 3:59am Apr 24, 2017 3:59am
Quoting MichaelG
{quote} Good trading Sameer
I had a master trader named Michael, school me. Lol
  • #3,175
  • Apr 24, 2017 6:29am Apr 24, 2017 6:29am
Attached Image (click to enlarge)
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Not a lot to trade this morning by I did just manage to land this AU for +5 profit locked. My trading day will be short.

Also I wanted to address earlier comments by shamsha786, and faatkumo. The experienced traders are applying more than just the rules, or are trading particular instruments. I'm not. I fiddle with the take profit and move my stops differently but that's it. And I do take my losses, I just don't post them. On balance I am successful with this. The method is straight forward, there is nothing magical about getting results. Apply the concept and take the profit that's about it.

And I wanted to add I have been trading it since November.
  • #3,176
  • Apr 24, 2017 9:36am Apr 24, 2017 9:36am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,177
  • Apr 24, 2017 10:25am Apr 24, 2017 10:25am
Quoting samsha786
TEXTBOOK DEAL: EURCHF 30+ {image}
LORD fantastic play!

how did you TS this?
  • #3,178
  • Apr 24, 2017 10:33am Apr 24, 2017 10:33am
Quoting hal7
{image} Not a lot to trade this morning by I did just manage to land this AU for +5 profit locked. My trading day will be short. Also I wanted to address earlier comments by shamsha786, and faatkumo. The experienced traders are applying more than just the rules, or are trading particular instruments. I'm not. I fiddle with the take profit and move my stops differently but that's it. And I do take my losses, I just don't post them. On balance I am successful with this. The method is straight forward, there is nothing magical about getting results....
Thanks for the insight very much appreciated.
Quick question, i see you do trade other pairs, do you ever take into consideration ADRs when most, if not all of your TP are 5pips?
  • #3,179
  • Apr 24, 2017 11:45am Apr 24, 2017 11:45am
One to keep an eye on for an end-of-day top to the tail...

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  • #3,180
  • Apr 24, 2017 1:04pm Apr 24, 2017 1:04pm
Quoting lemercenaire
One to keep an eye on for an end-of-day top to the tail... {image}
Hey i eyed this one as well.
Did you get in? Seems as if it hit TP
What was your SL ?
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