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Trading is as simple as 1-2-3

  • #3,441
  • May 9, 2017 2:20am May 9, 2017 2:20am
GJ is showing the same look...
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However, perhaps the Daily is most helpful here...

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  • #3,442
  • May 9, 2017 2:22am May 9, 2017 2:22am
My original interest...

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  • #3,443
  • May 9, 2017 2:31am May 9, 2017 2:31am
Finally, for now - The Weird Bunch set-ups as they stand at the moment...

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If you haven't jumped on the F40, no worries, as the way things are looking, these guys are going to throw up some nice opportunities today.
  • #3,444
  • May 9, 2017 3:17am May 9, 2017 3:17am
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Took this GU short for +5 to start my trading day.
  • #3,445
  • May 9, 2017 4:02am May 9, 2017 4:02am
Quoting TooSlow
{image}
I'm a little confused.

on the image , the rule no.1, did a new daily high or a new daily low happen last bar。

the image shows you trade on the timeframe h1,does this meams, "did a new high or a new low happened last bar." not a new daily high ......

confused no.2

is that really new high compare the last bar ? because the indicator fractals doesn't tallies the image you posted.
  • #3,446
  • May 9, 2017 4:16am May 9, 2017 4:16am
Quoting flourishing
{quote} I'm a little confused. on the image , the rule no.1, did a new daily high or a new daily low happen last bar。 the image shows you trade on the timeframe h1,does this meams, "did a new high or a new low happened last bar." not a new daily high ...... confused no.2 is that really new high compare the last bar ? because the indicator fractals doesn't tallies the image you posted.
On the image you quote, the live (open) bar is making a new daily high. This is a potential set-up. We need to wait for that bar to close before we can see what happens next.

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Once that new (daily high) bar has closed, we then get a new bar that doesn't make a new high and instead drops back. That's our entry.

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  • #3,447
  • May 9, 2017 4:17am May 9, 2017 4:17am
I should have used a colour other than yellow - click and enlarge the images and you'll see it better.
  • #3,448
  • May 9, 2017 4:17am May 9, 2017 4:17am
Quoting flourishing
{quote} I'm a little confused. on the image , the rule no.1, did a new daily high or a new daily low happen last bar。 the image shows you trade on the timeframe h1,does this meams, "did a new high or a new low happened last bar." not a new daily high ...... confused no.2 is that really new high compare the last bar ? because the indicator fractals doesn't tallies the image you posted.
Probably best let TooSlow address this, but I am confused by your confusion. He is showing the new high on the CAD then the next hour showed it failed to breach that high and down it went through that hourly open and thus the trade. I believe that is all there is to it.
  • #3,449
  • May 9, 2017 4:19am May 9, 2017 4:19am
Quoting hal7
{quote} Probably best let TooSlow address this, but I am confused by your confusion. He is showing the new high on the CAD then the next hour showed it failed to breach that high and down it went through that hourly open and thus the trade. I believe that is all there is to it.
I think the confusion is that he has assumed there was a trade in the first chart, not just a set-up.
  • #3,450
  • May 9, 2017 4:27am May 9, 2017 4:27am
Yeah that makes sense, as he just posts the charts without a lot of explanation.
  • #3,451
  • May 9, 2017 4:33am May 9, 2017 4:33am
ok. thanks guys. i may be more understanding.

let's try.
  • #3,452
  • May 9, 2017 4:40am May 9, 2017 4:40am
Quoting flourishing
{quote} I'm a little confused. on the image , the rule no.1, did a new daily high or a new daily low happen last bar。 the image shows you trade on the timeframe h1,does this meams, "did a new high or a new low happened last bar." not a new daily high ...... confused no.2 is that really new high compare the last bar ? because the indicator fractals doesn't tallies the image you posted.
My trade today +5 by Hal7 )
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  • #3,453
  • May 9, 2017 5:02am May 9, 2017 5:02am
Quoting Eve55
{quote} My trade today +5 by Hal7 ) {image}
Now that is truly confusing
  • #3,454
  • May 9, 2017 6:10am May 9, 2017 6:10am
Quoting Eve55
{quote} My trade today +5 by Hal7 ) {image}
I'd get rid of the currency-strength meter, as all will do is confuse you as you'll always be taking trades against the indi ''recommendation'', ie like here, you are shorting against the strength, which says you should be going long. Unless of course, you are using it in some other way .
  • #3,455
  • May 9, 2017 6:15am May 9, 2017 6:15am
The US-Twins look like they may be ready to turn at last, whereas the 100 and DAX are showing no signs of slowing their climb yet.

The F40 has bagged earlier on and is now flopping around like a beached fish.
  • #3,456
  • May 9, 2017 7:56am May 9, 2017 7:56am
Quoting lemercenaire
{quote} I'd get rid of the currency-strength meter, as all will do is confuse you as you'll always be taking trades against the indi ''recommendation'', ie like here, you are shorting against the strength, which says you should be going long. Unless of course, you are using it in some other way .
Yes, I think you're right, I thought it would help me to filter the pairs that I do not have to enter if there is a very strong trend, I'm paying more attention, but I think it's more braking, I'm going to cut it off
Thank you, Lem
  • #3,457
  • May 9, 2017 8:27am May 9, 2017 8:27am
Quoting Eve55
{quote} Yes, I think you're right, I thought it would help me to filter the pairs that I do not have to enter if there is a very strong trend, I'm paying more attention, but I think it's more braking, I'm going to cut it off Thank you, Lem
No problem. We're all on our own journey here but some of us have trodden on certain flagstones in the past. CM is one of them and I never found it any help.
  • #3,458
  • May 9, 2017 8:37am May 9, 2017 8:37am
Quoting flourishing
{quote} I'm a little confused. on the image , the rule no.1, did a new daily high or a new daily low happen last bar。 the image shows you trade on the timeframe h1,does this meams, "did a new high or a new low happened last bar." not a new daily high ...... confused no.2 is that really new high compare the last bar ? because the indicator fractals doesn't tallies the image you posted.
No it does not. You are assuming it was a trade. It was a HEAD UP ALERT.
Please read RULE #1 carefully.
Fractals are not used in this method.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,459
  • May 9, 2017 8:38am May 9, 2017 8:38am
This could be interesting...

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  • #3,460
  • May 9, 2017 9:37am May 9, 2017 9:37am
EJ just doesn't want to stop
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