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Trading is as simple as 1-2-3

  • #3,981
  • Jun 6, 2017 7:32am Jun 6, 2017 7:32am
Heads-up - one for the Watch-List...

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  • #3,982
  • Jun 6, 2017 9:59am Jun 6, 2017 9:59am
Quoting lemercenaire
Heads-up - one for the Watch-List... {image}
Sweet - Was running it as a Dead Zone move as well, which gave it added weight...

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  • #3,983
  • Jun 6, 2017 11:19am Jun 6, 2017 11:19am
Lem -query for you.
Are these valid 1-2-3 type trades on this one instrument today ?
And how would you interpret the ? box at the end -far right of chart
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every Saint has a past. Every Sinner has a Future
  • #3,984
  • Jun 6, 2017 3:46pm Jun 6, 2017 3:46pm
Quoting turnip15
Lem -query for you. Are these valid 1-2-3 type trades on this one instrument today ? And how would you interpret the ? box at the end -far right of chart {image}
We start from the broker's open day, so the trades would have been as marked here:

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Here's how my trades looked on my charts as I didn't trade during the night:

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My indicator shows the levels as based on this start time.

NOW...this does bring up an interesting point as regards trading the indices, as it is entirely possible, indeed likely, that your broker won't let you trade until around the UK Open, especially as you'll be using ''false'' futures charts. If this is the case, then yes, the trades you marked would have all been good.

In fact, there would also have been a ''HAL-Special'', which we have been running when you get a new high / low and so no 1-2-3 but we enter as price comes back over its own open. This is not a TS play.

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If you use the 1-2-3 indi and / or template, then it will give your start time as the start of your broker's day. That's what we all use and is in accordance to the rules.
  • #3,985
  • Jun 6, 2017 3:54pm Jun 6, 2017 3:54pm
Quoting lemercenaire
{quote} We start from the broker's open day, so the trades would have been as marked here: {image} Here's how my trades looked on my charts as I didn't trade during the night: {image} My indicator shows the levels as based on this start time. NOW...this does bring up an interesting point as regards trading the indices, as it is entirely possible, indeed likely, that your broker won't let you trade until around the UK Open, especially as you'll be using ''false'' futures charts. If this is the case, then yes, the trades you marked would have all...


As you've mentioned, the "weird bunch" (lol) works best with this system.
How do i tackle these instruments via my USA broker? What are the symbols?
  • #3,986
  • Jun 6, 2017 4:12pm Jun 6, 2017 4:12pm
Quoting faatkumo
{quote} As you've mentioned, the "weird bunch" (lol) works best with this system. How do i tackle these instruments via my USA broker? What are the symbols?
Unfortunately a lot of (all?) US brokers won't let you trade these. Reason being, they are not ''true'' indices/futures charts but UK spread-betting charts, so we can trade them in the same way as we trade fx.

You can obviously run 1-2-3 on an full futures account but that needs deep pockets for all sorts of reasons.

I am happy to be proved wrong and perhaps if any US traders run The Weird Bunch (US30Cash, US500Cash, UK100Cash, GER30Cash and France40Cash - I also run it on the Dollar Index but don't post that here) they could let us know how they got around that.
  • #3,987
  • Jun 7, 2017 3:11am Jun 7, 2017 3:11am
Good morning all! Long weekend away from the market. Just caught up on the thread.
Wow! I've got some experience to gain.
  • #3,988
  • Jun 7, 2017 3:16am Jun 7, 2017 3:16am
EU +5 locked.
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Wow! I've got some experience to gain.
  • #3,989
  • Jun 7, 2017 3:26am Jun 7, 2017 3:26am
Quoting Lawnman
EU +5 locked. {image}
Nice way to start back!

I feel like I'm banging on about this - but once more, be cautious going forward this week. Things will get funky due to the election. Idiot-spreads and margin shenanigans if nothing else.
  • #3,990
  • Jun 7, 2017 3:29am Jun 7, 2017 3:29am
And gave some back on GJ. Target of +7 barely missed.
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Wow! I've got some experience to gain.
  • #3,991
  • Jun 7, 2017 4:08am Jun 7, 2017 4:08am
Quoting lemercenaire
{quote} We start from the broker's open day, so the trades would have been as marked here: {image} Here's how my trades looked on my charts as I didn't trade during the night: {image} My indicator shows the levels as based on this start time. NOW...this does bring up an interesting point as regards trading the indices, as it is entirely possible, indeed likely, that your broker won't let you trade until around the UK Open, especially as you'll be using ''false'' futures charts. If this is the case, then yes, the trades you marked would have all...
Thanks lem :-)
every Saint has a past. Every Sinner has a Future
  • #3,992
  • Jun 7, 2017 5:24am Jun 7, 2017 5:24am
Man, I am flailing this AM, entered on the GU, would have been profitable, but moved SL without regard for spread and got stopped. AARRGH!
Wow! I've got some experience to gain.
  • #3,993
  • Jun 7, 2017 5:31am Jun 7, 2017 5:31am
Quoting Lawnman
Man, I am flailing this AM, entered on the GU, would have been profitable, but moved SL without regard for spread and got stopped. AARRGH!
I've said it before and I'll say it again...it's only a mistake if you don't learn from it.
  • #3,994
  • Jun 7, 2017 5:54am Jun 7, 2017 5:54am
Quoting lemercenaire
{quote} I've said it before and I'll say it again...it's only a mistake if you don't learn from it.
Thanks.
Wow! I've got some experience to gain.
  • #3,995
  • Jun 7, 2017 6:33am Jun 7, 2017 6:33am
Quoting lemercenaire
{quote} Nice way to start back! I feel like I'm banging on about this - but once more, be cautious going forward this week. Things will get funky due to the election. Idiot-spreads and margin shenanigans if nothing else.

So at its core, 5pip targets would be reached but spreads won't allow it to be filled right?
  • #3,996
  • Jun 7, 2017 6:34am Jun 7, 2017 6:34am
Quoting faatkumo
{quote} So at its core, 5pip targets would be reached but spreads won't allow it to be filled right?
Yep.
  • #3,997
  • Jun 7, 2017 6:49am Jun 7, 2017 6:49am
took 80% off at +5 and have the other 20% at BE+1. Going to let it breathe for awhile and will move to a trailing stop possibly. A little look to the left and that's what gave me more confidence in this trade.
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  • #3,998
  • Jun 7, 2017 7:25am Jun 7, 2017 7:25am
Quoting gilly
took 80% off at +5 and have the other 20% at BE+1. Going to let it breathe for awhile and will move to a trailing stop possibly. A little look to the left and that's what gave me more confidence in this trade. {image}
Nailed it
  • #3,999
  • Jun 7, 2017 7:31am Jun 7, 2017 7:31am
Quoting lemercenaire
{quote} Nailed it
Stop was almost hit, but almost doesn't count!
  • #4,000
  • Jun 7, 2017 9:41am Jun 7, 2017 9:41am
took 80% at +10. Trailing stop set in place at 10

*disregard the SL that's on the chart, changed to 10 after I took screen shot*
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