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Trading is as simple as 1-2-3

  • #3,681
  • May 22, 2017 5:41am May 22, 2017 5:41am
EJ just came good - I had it as my choice in The Dead Zone though. Swings-and-roundabouts.
  • #3,682
  • May 22, 2017 5:50am May 22, 2017 5:50am
Quoting Lawnman
In my limited experience, there is going to be some part of this that is discretionary. Dang it, forgot to move my limit on the GU runner and closed the 20% @ 30 pips. I guess I can't complain about profit.
...and, I gave it all back on the EU.

Next!
Wow! I've got some experience to gain.
  • #3,683
  • May 22, 2017 5:54am May 22, 2017 5:54am
Quoting Lawnman
{quote} ...and, I gave it all back on the EU. Next!
Sorry, buddy. I'm staying away from everything EUR-connected today. Eurogroup meetings are painting the sky red.
  • #3,684
  • May 22, 2017 6:04am May 22, 2017 6:04am
Yah, I kind of guessed it was a gamble.

I thought I saw strength turning to weakness. (also, there are 2 D1 harmonic PRZ in this area)
Wow! I've got some experience to gain.
  • #3,685
  • May 22, 2017 6:08am May 22, 2017 6:08am
Quoting Lawnman
Yah, I kind of guessed it was a gamble. I thought I saw strength turning to weakness. (also, there are 2 D1 harmonic PRZ in this area)
The one time I've used it was in the DZ and that was only because it's trading a line, so doesn't matter which way it goes, so long as it goes.
  • #3,686
  • May 22, 2017 8:10am May 22, 2017 8:10am
Quoting lemercenaire
Yeeha! Got one, lol... Stumbled onto this as I ran over my charts for the day (eventually). Always good for some mid-day moves. Don't know how long-lived it's going to be, as there still seems to be a bit of room above. We'll see. {image}
Called it right on this one. Cut my running ''small-stake'' at evens near enough and re-entered on the second move after the anticipated additional move upward. Kept me busy enough all day.

Check out how precisely price hit the 61.8 level and bounced.

Attached Image (click to enlarge)
Click to Enlarge Name: .UK100CashH1as1-2-3secondentry22ndMay17incFibLevel.png Size: 31 KB
  • #3,687
  • May 22, 2017 9:24am May 22, 2017 9:24am
Quoting Lawnman
Had I gotten up an hour earlier there were entries everywhere!
Seems as if we want to get good entries we need to wake up before 4am est to catch the 1 hour after London Open setups.
Your thoughts?
  • #3,688
  • May 22, 2017 9:27am May 22, 2017 9:27am
Quoting faatkumo
{quote} Seems as if we want to get good entries we need to wake up before 4am est to catch the 1 hour after London Open setups. Your thoughts?
Agreed, I almost got up at 3:30 this AM.
Wow! I've got some experience to gain.
  • #3,689
  • May 22, 2017 9:35am May 22, 2017 9:35am
Quoting Lawnman
{quote} Agreed, I almost got up at 3:30 this AM.
yeah this is going to be a tough one, but as Lem said, sleep is overrated lol

do you have an EST cutoff time where you won't enter trades/opportunities?
  • #3,690
  • May 22, 2017 10:30am May 22, 2017 10:30am
Quoting Lawnman
{quote} Agreed, I almost got up at 3:30 this AM.
I have a friend in the US (Texas) who sets his alarm for that time-slot, gets up and checks for set-ups, then goes back to bed. He is a full-time trader now - or as near as - so he does have that luxury.
  • #3,691
  • May 22, 2017 10:31am May 22, 2017 10:31am
Anyone catch that cracker on Cable a couple of hours ago?
  • #3,692
  • May 22, 2017 10:36am May 22, 2017 10:36am
The remnants of that 100 double-dip are still trundling along. I'll leave it alone and if I get any more, I do, if it finally turns, nothing much given back.

Attached Image (click to enlarge)
Click to Enlarge Name: .UK100CashH1as1-2-3update22ndMay17.png Size: 30 KB
  • #3,693
  • May 22, 2017 10:56am May 22, 2017 10:56am
Quoting lemercenaire
{quote} I have a friend in the US (Texas) who sets his alarm for that time-slot, gets up and checks for set-ups, then goes back to bed. He is a full-time trader now - or as near as - so he does have that luxury.

I'd rather be in Texas tbh lol.
He's using his alarm-slots for 1-2-3 setups?
  • #3,694
  • May 22, 2017 11:02am May 22, 2017 11:02am
Quoting faatkumo
{quote} I'd rather be in Texas tbh lol. He's using his alarm-slots for 1-2-3 setups?
He did originally, as well as a couple of my other methods, though after battling with idiot spreads, he has switched his attention to the 500 on Futures.
  • #3,695
  • May 22, 2017 11:07am May 22, 2017 11:07am
Quoting lemercenaire
{quote} He did originally, as well as a couple of my other methods, though after battling with idiot spreads, he has switched his attention to the 500 on Futures.

Oh gotcha. So he started off on 1-2-3 with those alarm-slots, so he initially became successful full time trading with this?
..Other methods?
Meaning 1-2-3 setups on 500 on futures?
  • #3,696
  • May 22, 2017 11:13am May 22, 2017 11:13am
Quoting faatkumo
{quote} Oh gotcha. So he started off on 1-2-3 with those alarm-slots, so he initially became successful full time trading with this? ..Other methods? Meaning 1-2-3 setups on 500 on futures?
Yes. He would trade 1-2-3 as well as my Frankfurt Break, Witching Hour and a variant method of WH for EJ we don't post here.

I don't want to go into his business on here but yes, he's doing very well. Found his niche and built on it. That's the key.

1-2-3 is a fantastic place to ply your trade (pun totally intended!)
  • #3,697
  • May 22, 2017 11:26am May 22, 2017 11:26am
Quoting lemercenaire
{quote} Yes. He would trade 1-2-3 as well as my Frankfurt Break, Witching Hour and a variant method of WH for EJ we don't post here. I don't want to go into his business on here but yes, he's doing very well. Found his niche and built on it. That's the key. 1-2-3 is a fantastic place to ply your trade (pun totally intended!)

Also he became initaly successful with 1-2-3?
Then I assume he built on it?

lol the pun!


that's fine! I get it, we need Stick to the topic.
  • #3,698
  • May 22, 2017 12:20pm May 22, 2017 12:20pm
Quoting faatkumo
{quote} yeah this is going to be a tough one, but as Lem said, sleep is overrated lol do you have an EST cutoff time where you won't enter trades/opportunities?
I don't have enough experience to say when I'd cut off trading. It seems like after 12 or 1 PM things slow down. Most days I'm out working by 8, so my cutoff now is about 7:30AM. I'm going to try to get up before 4 tomorrow, too many opportunities to miss. Hal7 usually has 2-3 +5s when I first get to the PC!
Wow! I've got some experience to gain.
  • #3,699
  • May 22, 2017 12:22pm May 22, 2017 12:22pm
Quoting lemercenaire
Anyone catch that cracker on Cable a couple of hours ago?
Unfortunately, no. I was out when it triggered. Those pin bars give me some more confidence, but the stop loss is big. Still learning...
Wow! I've got some experience to gain.
  • #3,700
  • May 22, 2017 12:24pm May 22, 2017 12:24pm
Quoting lemercenaire
{quote} He did originally, as well as a couple of my other methods, though after battling with idiot spreads, he has switched his attention to the 500 on Futures.

I have a Dorman futures account funded right now, just too green to man up and trade!
Wow! I've got some experience to gain.
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