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

Anyone going to wait around for another 45 mins to see if we can grab a ride back up?

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I can feel a scalp or three coming on...
Quoting hal7
{quote} Yes it turned out kind of like this.... An old board game from before even I was a kid {image}
Oh good grief - the PC version of Snakes and Ladders (coz snakez woz scawy...)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting hal7
{image} First one out of the box this day EG +6 profit locked. Technically it did not move toward the low at all but I ignored that in this instance as I liked the PA.

any insight on the hours of trading? What time is your typical cut off
Quoting faatkumo
{quote} any insight on the hours of trading? What time is your typical cut off
Not really I don't think there are too many drawbacks to when you trade. Probably not when NY session over and before Tokyo takes over 3 hours later is the deadzone.

I trade usually the first hour into London and am done depending on the day before it gets into NY.
Quoting faatkumo
{quote} any insight on the hours of trading? What time is your typical cut off
You asked this before on post https://www.forexfactory.com/showthr...49745&page=163
You come across as desperate to find the holy grail, apologies if I get it wrong but it is how your posts read, Read the replies then try your own trades, look at their charts and compare yours. Demo for a few months to see how you get on. Then come back and ask questions based on your demo trades. It will take you some time ( that 10000 hours quote) before you get a grip on what you are doing - but practice is key. There is other basic forex material over at Babypips to bring your basic knowledge up to speed. Good luck.
Just remember -you will have losers and losing runs. It's how you manage them.
every Saint has a past. Every Sinner has a Future
Well stated turnip15, your post should be required reading for all questions.
Thanks Guys
Will do!
Forex Trading is easy for the traders who gain the proper knowledge and experience and skills that are needed to become successful in it and it is hard for those who just barge into market, without proper knowledge.
Quoting lemercenaire
Anyone going to wait around for another 45 mins to see if we can grab a ride back up? {image} I can feel a scalp or three coming on...

I went in this one hit SL 12.5pip, i think it missed it's 5pip target by the spread!
How did you fair?
Quoting faatkumo
{quote} I went in this one hit SL 12.5pip, i think it missed it's 5pip target by the spread! How did you fair?
Oh, unlucky on the tp. I am fortunate to be using a broker with tiny spreads and hit that +5. I closed the whole lot out at that point as I was scalping EJ elsewhere as well and at that point they were all sells and this was a counter-move to them.

I don't like using separate methods on the same pair at the same time as it can get awkward and I was giving preference to the scalping, as I had been doing that all day.
Quoting lemercenaire
{quote} Oh, unlucky on the tp. I am fortunate to be using a broker with tiny spreads and hit that +5. I closed the whole lot out at that point as I was scalping EJ elsewhere as well and at that point they were all sells and this was a counter-move to them. I don't like using separate methods on the same pair at the same time as it can get awkward and I was giving preference to the scalping, as I had been doing that all day.


you don't like using separate methods

can you elaborate on this please?


Also did did anyone take the NZDJPY several hours ago when it the LOW?
I mean wow 30+pip right now. I have a 10 pip trailer.
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Quoting faatkumo
{quote} you don't like using separate methods can you elaborate on this please? Also did did anyone take the NZDJPY several hours ago when it the LOW?
In this particular case, I was scalping EJ using one method (which I don't post on FF) and then running a 1-2-3 at the same time. Normally doesn't really make any sense. The reason it was ok here was that the 1-2-3 move came when the scalping move was in a pullback, so I wasn't trading it.

As for the NJ trade, nice catch.

(From earlier: ''Assuming your broker spreads don't kill you on this pair, one for the Watch-List.'')

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Looking at the big picture, you can see the clues were plain to see. That's that gap well-and-truly filled, also...

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If it's ok with TS, I'll post the set-up from the Dead Zone method to illustrate a point here. You can see that price has now returned all the way to the zone covering the H1 range of the candle prior to today's US Open (shown by the grey box). Sometimes, different methods can be very helpful indeed ...

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For The Weird Bunch, I stuck to those I'd been running earlier, so that meant The US30 and UK100. Certainly paid off and easy enough to set off and leave to it.

A Double-Dip on the US30...
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Straightforward for the 100...
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For the others, the 500 followed its little bro's lead, banging in another twin-hitter...
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Meanwhile, The DAX gave more entries than you could shake a stick at...
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Then, bringing up the rear, comes the F40 - where there was a whole lotta' shakin' goin' on but after all was said and done, only brought one entry...
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That's all she wrote - see you tomorrow.
Quoting lemercenaire
If it's ok with TS, I'll post the set-up from the Dead Zone method to illustrate a point here. You can see that price has now returned all the way to the zone covering the H1 range of the candle prior to today's US Open (shown by the grey box). Sometimes, different methods can be very helpful indeed ... {image}
Always OK, Mate.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Hi TooSlow - thanks for posting your method here and the effort you've gone to in patiently replying to questions. I've read as many pages of replies as I can so excuse me if my questions have already been asked...

If the previous (or recent) candle made both a new daily low and daily high, would you:
a) wait for a retest of the low
- OR -
b) wait for a retest of the high
- OR -
c) wait for a retest of the high if it was made last, and vice-versa for the low

Also, would you be more inclined to favour retesting of lows (i.e. buying) if the overall daily/weekly trend is up? (and vice-versa for the highs)
Quoting lemercenaire
{quote} In this particular case, I was scalping EJ using one method (which I don't post on FF) and then running a 1-2-3 at the same time. Normally doesn't really make any sense. The reason it was ok here was that the 1-2-3 move came when the scalping move was in a pullback, so I wasn't trading it. As for the NJ trade, nice catch. (From earlier: ''Assuming your broker spreads don't kill you on this pair, one for the Watch-List.'') {image} Looking at the big picture, you can see the clues...
Gotcha so basically the other method is something totally different.
Is the "dead zone" what you're referring to when you mention scalping?

do you use MT4 as the platform to trade? I find it super non flexible unless you have special EA or whatever.
I also need to find me a proper broker. jFD doesn't seem all that good.
Quoting TooSlow
{quote} Always OK, Mate. Cheers!

Thanks Too Slow!
if you don't mind me asking with all due respect, how did you come up with the name TooSlow?
What is your background (skills wise)?
you did mention this is not original or new, what do you mean by that?

please forgive me if I misspoke.
Thanks!
Quoting faatkumo
{quote} Gotcha so basically the other method is something totally different. Is the "dead zone" what you're referring to when you mention scalping? do you use MT4 as the platform to trade? I find it super non flexible unless you have special EA or whatever. I also need to find me a proper broker. jFD doesn't seem all that good.
No, it's a method I don't post here on ForexFactory.

I use MT4 as a charting platform. Each method has its own set up. I take the signals from these set ups and then place my live trades completely separately on my live broker.

It is difficult at the moment for traders based in the US as far as finding a good broker, for sure.
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