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Trading is as simple as 1-2-3

  • #3,401
  • May 4, 2017 8:14am May 4, 2017 8:14am
I'm assuming, even after 45 minutes if order isn't filled at price level, its still valid unless price breaks a new high/low level?
  • #3,402
  • May 4, 2017 8:18am May 4, 2017 8:18am
Quoting faatkumo
I'm assuming, even after 45 minutes if order isn't filled at price level, its still valid unless price breaks a new high/low level?
Even if an hour and half later? lol?
Or just move onto something else?
  • #3,403
  • May 4, 2017 9:15am May 4, 2017 9:15am
5/5
GBPUSD
USDCHF
USDJPY (Although i should've stayed out because of JPY bank holiday right?)
NZDUSD
AUDUSD
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  • #3,404
  • May 4, 2017 10:43am May 4, 2017 10:43am
There's still the issue of CAD news later but maybe something here...

Attached Image (click to enlarge)
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  • #3,405
  • May 4, 2017 10:48am May 4, 2017 10:48am
Looking at the H4 time-frame, it sure is some big push North...
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However, the Daily does give an idea that a turn will come sooner rather than later - so long as that sooner is before that damn news!
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  • #3,406
  • May 4, 2017 10:51am May 4, 2017 10:51am
The other thing to bear in mind, is that from 21.00 UK time tonight, it's likely that brokers will be ''adjusting'' their spreads, etc in prep for the 2nd round of the French Elections over the weekend.
  • #3,407
  • May 4, 2017 10:54am May 4, 2017 10:54am
Quoting faatkumo
5/5 GBPUSD USDCHF USDJPY (Although i should've stayed out because of JPY bank holiday right?) NZDUSD AUDUSD {image} {image} {image} {image} {image}
Nicely done - and yes, I wouldn't have been keen on JPY pairs today (although I did go in on UJ, lol).

One thing I might suggest also, is to try using bars instead of candles on your charts. I find - as do others - that it is so much easier to see set-ups by using bars. Your call, of course, you can draw the charts in chalk on a wall if it works for you, just a suggestion.
  • #3,408
  • May 4, 2017 11:00am May 4, 2017 11:00am
So, yeah - JPY pairs...In a classic case of do-as-I-say-not-as-I-do , that UJ trade - which tbh I had completely forgotten about until FK mentioned it there - turned out rather nicely. Double-dipped. Maybe I should just put trades on and forget about them all the time if they work out like this.

Attached Image (click to enlarge)
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  • #3,409
  • May 4, 2017 11:03am May 4, 2017 11:03am
Quoting lemercenaire
Missed this one but thought it would make for good info. Perfect a set-up as you could get (other than maybe not taking anything USD+ at the moment). The important part is to notice how price bounces off the 23.6 fib-level. Mmmm...wonder how many pips that would be at that point ... {image} Also, yes - I do realise that there would have been an entry set-up on the previous candle.
So that fib and the pivot proved too strong to overcome in the long run. Add it to the knowledge-bank...

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  • #3,410
  • May 4, 2017 11:05am May 4, 2017 11:05am
Quoting faatkumo
{quote} Even if an hour and half later? lol? Or just move onto something else?
It's all a matter of choice. I probably - probably - wouldn't hang around all day but a signal is a signal. Sometimes those kind of set-ups go on to make good HOLO trades.
  • #3,411
  • May 4, 2017 11:46am May 4, 2017 11:46am
Hi Lem,
Firstly, thanks for all your work and endless patience across the various threads, been enjoying the simple approaches across on Billytt the last few days. Secondly, a totally non-trading related question-do you live in Scotland?
Cheers,
Leonard
  • #3,412
  • May 4, 2017 12:37pm May 4, 2017 12:37pm
Quoting lemercenaire
{quote} Nicely done - and yes, I wouldn't have been keen on JPY pairs today (although I did go in on UJ, lol). One thing I might suggest also, is to try using bars instead of candles on your charts. I find - as do others - that it is so much easier to see set-ups by using bars. Your call, of course, you can draw the charts in chalk on a wall if it works for you, just a suggestion.

Okay yes i'll switch to bars.
Ive been so used to candles ever since i started this journey many moons ago
  • #3,413
  • May 4, 2017 3:12pm May 4, 2017 3:12pm
Quoting LenCohen
Hi Lem, Firstly, thanks for all your work and endless patience across the various threads, been enjoying the simple approaches across on Billytt the last few days. Secondly, a totally non-trading related question-do you live in Scotland? Cheers, Leonard
Hi Len. Good to have you around and glad if I've been of some help. Feel free to ask any questions, I'll always try to answer them as quickly as I can - and yes, I do live in Scotland. Glasgow at the moment but usually around the Bridge of Weir area.
  • #3,414
  • May 4, 2017 3:14pm May 4, 2017 3:14pm
Quoting faatkumo
{quote} Okay yes i'll switch to bars. Ive been so used to candles ever since i started this journey many moons ago
Candles are great in many ways but for 1-2-3, bars just work so much easier. However, if you try it and find that, no it's not for you, then that's fine, at least you'll have weighed up your options.
  • #3,415
  • May 4, 2017 3:43pm May 4, 2017 3:43pm
Quoting lemercenaire
There's still the issue of CAD news later but maybe something here... {image}
Took a bit of a negative head-fake on the Trigger-Bar but no need to worry - turned out just fine. I figured it was going to be a half-decent move, so I was willing to sit on a reasonable cushion based around a fib-level off of yesterday's bar. If you were of a more cautious nature, there was obviously an entry on the next bar.

Attached Image (click to enlarge)
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  • #3,416
  • May 4, 2017 4:42pm May 4, 2017 4:42pm
No Weird Bunch trades for me today but if I had been around the 1-2-3 farm at the time, there were a good number of opportunities - and a couple of absolute shooting-stars.

The US30 has multiple potential entry points, shown by the bars inside the grey boxes...
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Even more so over with big brother...
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On the 100, it was a pity we wouldn't have been able to get in on the big move on the way down but the bounce was pretty good in its own right...
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The DAX was another to feature multiple potential entries. The first grey box however, while it does show entry points, if one had been in on the way up, then these would have been ignored...
Attached Image (click to enlarge)
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Then, leaving perhaps the best for last - maybe in honour of the French elections - the F40 brought one clean, sweet, move. Couldn't ask for a nicer trip North...
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  • #3,417
  • May 5, 2017 12:52am May 5, 2017 12:52am
Attachment g
Got into this EG late coming on board today but managed +5, for Cinco de Mayo.
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  • #3,418
  • May 5, 2017 4:30am May 5, 2017 4:30am
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Took this GU short several hours ago and was able to get out with a +5. Won't be around for NFP, and just as well as it can be risky if not handled in the right way. So that will wrap up my boring and profitable week.
  • #3,419
  • May 5, 2017 7:33am May 5, 2017 7:33am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,420
  • May 5, 2017 10:54am May 5, 2017 10:54am
Quoting hal7
{image} Took this GU short several hours ago and was able to get out with a +5. Won't be around for NFP, and just as well as it can be risky if not handled in the right way. So that will wrap up my boring and profitable week.
Boring?
How was it boring? lol
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