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Trading is as simple as 1-2-3

  • #3,581
  • May 15, 2017 3:26pm May 15, 2017 3:26pm
Quoting faatkumo
{quote} Stick with pairs during their hours of operation is what i'm gathering. Gotcha Lem!
No worries - if you think about it, it makes sense. The only kind of exception you could make is for the Japanese Open, where they will trade USD (and GBP to a lesser degree) but volume will drop rapidly after the initial moves.
  • #3,582
  • May 15, 2017 3:36pm May 15, 2017 3:36pm
Quoting lemercenaire
{quote} No worries - if you think about it, it makes sense. The only kind of exception you could make is for the Japanese Open, where they will trade USD (and GBP to a lesser degree) but volume will drop rapidly after the initial moves.
So still just trade the Tokyo related pairs during their opening hours AUDUSD, USDJPY, NZDUSD?
  • #3,583
  • May 15, 2017 4:02pm May 15, 2017 4:02pm
Quoting faatkumo
{quote} So still just trade the Tokyo related pairs during their opening hours AUDUSD, USDJPY, NZDUSD?
Yeah, pretty much. One caveat to that is that you will often find EURUSD and EURJPY pairs moving - go figure!

What may limit you in the end are the greater spreads that many brokers introduce on quieter pairs during the Asian session. Do your homework.
  • #3,584
  • May 15, 2017 4:04pm May 15, 2017 4:04pm
Before I go, here's how that AU trade is sitting (at 22.03). Taking a breather...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1as1-2-3May15th17double-dip-takin-a-breather-22.03.png Size: 29 KB
  • #3,585
  • May 15, 2017 4:05pm May 15, 2017 4:05pm
Quoting lemercenaire
{quote} Yeah, pretty much. One caveat to that is that you will often find EURUSD and EURJPY pairs moving - go figure! What may limit you in the end are the greater spreads that many brokers introduce on quieter pairs during the Asian session. Do your homework.

sounds fair !
  • #3,586
  • May 15, 2017 4:05pm May 15, 2017 4:05pm
Quoting lemercenaire
Before I go, here's how that AU trade is sitting (at 22.03). Taking a breather... {image}
WOW pure spectacle!
Are you running any of them?
  • #3,587
  • May 15, 2017 4:08pm May 15, 2017 4:08pm
Does anyone trade heavy lots on this thread in accordance to the 1-2-3 strategy?
  • #3,588
  • May 15, 2017 4:12pm May 15, 2017 4:12pm
Quoting faatkumo
{quote} WOW pure spectacle! Are you running any of them?
Both.
  • #3,589
  • May 15, 2017 4:13pm May 15, 2017 4:13pm
Quoting faatkumo
Does anyone trade heavy lots on this thread in accordance to the 1-2-3 strategy?
Lol - Lot-size is between me and my tax-man
  • #3,590
  • May 15, 2017 4:33pm May 15, 2017 4:33pm
Quoting lemercenaire
{quote} Lol - Lot-size is between me and my tax-man

In terms on getting in position and getting out of position.
Like is the market liquid enough to get in and out if you're in heavy.
  • #3,591
  • May 16, 2017 2:28am May 16, 2017 2:28am
Still in my EU long trade from Friday. +168. I have a 60 trailer in place so have locked +100 a bit more than my typical +5. Also still in long EG at +63, 20 trailer in place.
  • #3,592
  • May 16, 2017 2:33am May 16, 2017 2:33am
Quoting faatkumo
{quote} In terms on getting in position and getting out of position. Like is the market liquid enough to get in and out if you're in heavy.
I've never had any problems, no.
  • #3,593
  • May 16, 2017 4:10am May 16, 2017 4:10am
Attached Image (click to enlarge)
Click to Enlarge Name: 51617123ej.png Size: 16 KB

Was able to grab +5 EJ short on this with due caution in this market. On the other hand continue to ride the train northbound on the EU +171, EG +101.
  • #3,594
  • May 16, 2017 5:11am May 16, 2017 5:11am
Attached Image (click to enlarge)
Click to Enlarge Name: 51617123gu.png Size: 17 KB

GU long +5 profit locked.
  • #3,595
  • May 16, 2017 6:17am May 16, 2017 6:17am
Attached Image (click to enlarge)
Click to Enlarge Name: 51617123eu3.png Size: 15 KB

My EU trade long from Friday, +201, what goes up....can keep going up.
  • #3,596
  • May 16, 2017 7:52am May 16, 2017 7:52am
Been snowed elsewhere today but thought I'd take a minute to post up some info on The Weird Bunch as it's been a while.

I missed any earlier moves you can see on these charts and in fact only managed one entry out of the whole sheebang - on the US30, which got its target and has just closed out the rest.

Looks like a weird one for The Weird Bunch today.

Attached Image (click to enlarge)
Click to Enlarge Name: .US30CashH1WeirdBunch16thMay17.png Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: .US500CashH1WeirdBunch16thMay17pushinghigher.png Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashH1WeirdBunch16thMay17fromthisam.png Size: 27 KB


Attached Image (click to enlarge)
Click to Enlarge Name: .UK100CashH1WeirdBunch16thMay17.png Size: 24 KB


You can see that, weird or not, there were opportunities to make some cash today. Maybe not so many long-runners but still profitable.
Attached Image (click to enlarge)
Click to Enlarge Name: .FRANCECashH1WeirdBunch16thMay17notinonany.png Size: 27 KB
  • #3,597
  • May 16, 2017 7:57am May 16, 2017 7:57am
Okay-doakey...

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1as1-2-3ohyeahhastobedone16thMay17.png Size: 27 KB
  • #3,598
  • May 16, 2017 8:01am May 16, 2017 8:01am
Quoting lemercenaire
Been snowed elsewhere today but thought I'd take a minute to post up some info on The Weird Bunch as it's been a while. I missed any earlier moves you can see on these charts and in fact only managed one entry out of the whole sheebang - on the US30, which got its target and has just closed out the rest. Looks like a weird one for The Weird Bunch today. {image} {image} {image} {image} You can see that, weird or not, there were opportunities to make some cash today. Maybe not so many long-runners but still profitable. {image}

Inreally wish incould relate to these instruments on my MT4.
Its so weird I can't seem to have proper set up on my screen for them.

But nonetheless you are right there were many opportunities!



Im still trying to master. Express trains vs acceptable trains on the H4 to confirm the entry on a valid 1-2-3 setup.

I know now you said 2-3 long H4 bars in same direction should be avoided. But what if those are the only ones that present themselves? Just stay away all together for that hour?

What if there are 3 small H4 bars in the same direction?


I had 4/5 winners early Tokyo session, but that 1 loser really ate into profit.
  • #3,599
  • May 16, 2017 8:24am May 16, 2017 8:24am
Quoting lemercenaire
Okay-doakey... {image}
Nice...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1as1-2-3niiiice16thMay17.png Size: 29 KB


Small head-fake - but we can live with that.
  • #3,600
  • May 16, 2017 8:32am May 16, 2017 8:32am
Quoting faatkumo
{quote} Inreally wish incould relate to these instruments on my MT4. Its so weird I can't seem to have proper set up on my screen for them. But nonetheless you are right there were many opportunities! Im still trying to master. Express trains vs acceptable trains on the H4 to confirm the entry on a valid 1-2-3 setup. I know now you said 2-3 long H4 bars in same direction should be avoided. But what if those are the only ones that present themselves? Just stay away all together for that hour? What if there are 3 small H4 bars in the same direction?...
''I can't seem to have proper set up on my screen for them.''
In what way?

''... still trying to master. Express trains vs acceptable trains on the H4.''
Aren't we all

Seriously though, it just takes a bit of time. If you've seen 4 x H4 bars in a row, the likelihood of a turn is actually greater. The ones I don't like are having maybe 2 x H4 big bars, as that could go either way. Move on to the next pair.

''I had 4/5 winners early Tokyo session, but that 1 loser really ate into profit''
Why? Are you taking 80% off at +5? Was your stop too large? Give us some detail and we can possibly help out.
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