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Trading is as simple as 1-2-3

  • #4,041
  • Jun 9, 2017 5:26am Jun 9, 2017 5:26am
Good day to all!
can somebody explain me when should I start trading this strategy?
starting with New York session? right?
can somebody show clearly when to enter a trade?
maybe there is a video on this topic? links?
thank you all!
sorry for lost in translation
  • #4,042
  • Jun 9, 2017 7:42am Jun 9, 2017 7:42am
Quoting inquisitmind
Good day to all! can somebody explain me when should I start trading this strategy? starting with New York session? right? can somebody show clearly when to enter a trade? maybe there is a video on this topic? links? thank you all! sorry for lost in translation
Read from Post one - examine the charts -test - check - repeat.
every Saint has a past. Every Sinner has a Future
  • #4,043
  • Jun 9, 2017 8:16am Jun 9, 2017 8:16am
Here is a loser I just took for -6. However, I will be watching this next hour again to go short.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 6-9 loss.png Size: 46 KB
  • #4,044
  • Jun 9, 2017 8:34am Jun 9, 2017 8:34am
frisco; TS, I have studied this chart time & time again. Please explain to me what I am seeing. I naturally expect that on posted charts, I am supposed to look at the right side of the chart. On this chart, I see bar #7 labeled as "open low". There was a test of the previous low (bar #8), Bar 7 Price tested the low & reversed. It would have triggered a buy at the opening price level (109.431) . (Right, so far?) The move up was beautiful. Four nice up bars before hitting congestion in bars 3,2,1. So where did you take profit? Now the part that has me baffled. BAR 0. It appears on this chart that you have Bar 1 labeled with "High open". Price in Red, looks to be "110.144". So, I am looking at what appears to be a higher open sell trade? My first issue> Is this a valid set up? Bar 0 has made higher high. Mustn't you now wait for new H1 bar and a test of Bar 0 for this to be valid? The other thing is I am not clear on this chart is, where the actual LAST price was when you captured the screenshot. I see a bunch of levels indicated with -5,-10,-15. and the bottom of the Bar 0 is labeled (109.933). But where is price when you captured this image? And what am I missing with this whole picture. Was this a trade? I also see a price level labeled "D1(1) OPEN" , I interpret this as the previous days high, which means this pair had break-out to the upside. This would void any High Open sell trades, right? But "High Open" is still on this chart. Again, to be clear, I see if you considered H1(1) OPEN, 110.144 as the sell entry, but wasn't this trade voided the minute the market took out BAR 1 High (110,231) Please explain this for me. My wish is to be able to read your charts correctly. In a nutshell: How many trades on this chart, and when at what price?[

Frisco, do not make this difficult or complicated.
Answer the 3 simple questions on my chart that appear on the right hand side.
In my threads, you learn trading by trading.
So please answer your own questions by applying the rules.
The screenshot is captured where price is. Wouldn't know how to do it otherwise.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,045
  • Jun 9, 2017 11:23am Jun 9, 2017 11:23am
Quoting gilly
Here is a loser I just took for -6. However, I will be watching this next hour again to go short. {image}

Hey Gilly seems like you're USA based am i right?
How long have you been tackling this system?

Also awesome Timezone indicator, care to share this?
  • #4,046
  • Jun 9, 2017 12:35pm Jun 9, 2017 12:35pm
Here's something for those who (for whatever reason) do not use mt4 and so cannot make use of the indicator / template supplied.

Here's the thing...
You don't need the indicator / template to trade 1-2-3...shock, horror.
This is all you need.
One naked-as-the-day-it-was-born chart.

You add TWO HORIZONTAL LINES.
You add ONE VERTICAL LINE (and even that is optional, as it's your broker's start-of-day time).

The top line, you put on top of the bar that is the HIGHEST on your chart.
The bottom line, you put on the bar that is the - guess what - yep, LOWEST on your chart.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1asultimatenaked1-2-3chart.png Size: 18 KB


Now this is the chart as it stands as I just printed it. Time is 18:22 uk time as I write this. It doesn't matter. You are looking at the chart in front of you as it moves through the day left-to-right.

As you do this, you move the horizontal lines as-and-when a new higher high, or lower low is made.

As it stands, there would have been 8 higher-highs today, no lower lows.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedCADJPYH1asultimatenaked1-2-3chart_LI.jpg Size: 210 KB


You would run your entries from those. On a quick look-see, there were 5 out of 8 entries which would have gone to +5, with the last one covering the losses made on those duff 3.

Now, if you have mt4, when it comes to actually trading 1-2-3, use the provided indicator / template, whatever. All I wanted to do is show that you cannot use not having mt4 as an excuse not to trade 1-2-3 and even if your main broker you place your trades on doesn't offer it or you prefer to place your trades on another platform, simply open a demo on another broker that does run mt4 and place the indi / template on there.
  • #4,047
  • Jun 9, 2017 1:29pm Jun 9, 2017 1:29pm
Quoting gilly
Here is a loser I just took for -6. However, I will be watching this next hour again to go short. {image}
I got in a tad late because I was tied up with the JOB. Played out nicely and going to close soon before the weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 6-9.png Size: 46 KB
  • #4,048
  • Jun 9, 2017 1:40pm Jun 9, 2017 1:40pm
Its a nice system for trading at work. No chart analysing. Just look every hour on your smartphone and make a decision. Am i right?
  • #4,049
  • Jun 9, 2017 1:50pm Jun 9, 2017 1:50pm
Quoting faatkumo
{quote} Hey Gilly seems like you're USA based am i right? How long have you been tackling this system? Also awesome Timezone indicator, care to share this?
Hello FK,

I am based in USA, Milwaukee to be exact. The land of beer, cheese and brats.

I've been tackling this system for 2-3 weeks approximately. I first read through the entire thread before I even thought about posting. I made a word document of some posts that I thought were beneficial to reference if I need to. I'm demoing still, even though TS would tell me to trade .10 a pip. I'm going to do that after 2 weeks of staying profitable first on demo.

I have the luxury of being able to read the forums and look at charts throughout my day at work, which helps. I joined FF in 2008 when I was still in college and have been off and on trying to learn. I gave up for years, came back, gave up. Now I'm back with a clear mindset and focusing on it more than ever. In the past, I was young and naive looking for the holy grail. I tried reading on many systems with squiggly lines, MAs, etc. I couldn't do it. Too many rules, too many variables. This is simple, just don't try complicating something that isn't complicated. I'm a rookie yet, but I'm trying to make the big leagues some day and my confidence is growing.

See attached indicator (compliments of the PVSRA threads)

Sorry for rambling. Have a great weekend
Attached File(s)
File Type: ex4 2) PVSRA Access Panel v1 (Black).ex4   164 KB | 533 downloads
  • #4,050
  • Jun 9, 2017 1:56pm Jun 9, 2017 1:56pm
Quoting stechi
Its a nice system for trading at work. No chart analysing. Just look every hour on your smartphone and make a decision. Am i right?
I bring my laptop with me to work, but yes, I suppose you could use your smartphone as well. I typically look at a few charts about 10 minutes before the hour and if I see if any new lows or highs have been made, I slide those upfront on my terminal and just focus on those. I get in when I like what I'm seeing and set my SL since I have to get up frequently and go do some stuff away from my desk.
  • #4,051
  • Jun 9, 2017 2:04pm Jun 9, 2017 2:04pm
Quoting gilly
{quote} I bring my laptop with me to work, but yes, I suppose you could use your smartphone as well. I typically look at a few charts about 10 minutes before the hour and if I see if any new lows or highs have been made, I slide those upfront on my terminal and just focus on those. I get in when I like what I'm seeing and set my SL since I have to get up frequently and go do some stuff away from my desk.
thanks. So when you see a new high you put a buy stpo order? Well i just read thread time ago, but a question.I remember that You enter when the candle crosses the low of the open of the high candle? hope you understand
  • #4,052
  • Jun 9, 2017 2:26pm Jun 9, 2017 2:26pm
Quoting stechi
{quote} thanks. So when you see a new high you put a buy stpo order? Well i just read thread time ago, but a question.I remember that You enter when the candle crosses the low of the open of the high candle? hope you understand
sorry for asking i get the answer.. i ask stupid questions. dont get my wrong. ....
  • #4,053
  • Jun 9, 2017 3:06pm Jun 9, 2017 3:06pm
Quoting gilly
{quote} Hello FK, I am based in USA, Milwaukee to be exact. The land of beer, cheese and brats. I've been tackling this system for 2-3 weeks approximately. I first read through the entire thread before I even thought about posting. I made a word document of some posts that I thought were beneficial to reference if I need to. I'm demoing still, even though TS would tell me to trade .10 a pip. I'm going to do that after 2 weeks of staying profitable first on demo. I have the luxury of being able to read the forums and look at charts throughout my...


Wow well written, thank you for this encouraging testimony.
Well i'm almost the same boat as you however i started in options, i believe Lawnman is also in our boat if thats okay for me to say.
The rookie boat!
I guess we can bounce off each other alot since we're somewhat on the same side of the hemisphere.
Cheers!
ps thanks for the indicator!
  • #4,054
  • Jun 9, 2017 3:10pm Jun 9, 2017 3:10pm
Quoting gilly
{quote} Hello FK, I am based in USA, Milwaukee to be exact. The land of beer, cheese and brats. I've been tackling this system for 2-3 weeks approximately. I first read through the entire thread before I even thought about posting. I made a word document of some posts that I thought were beneficial to reference if I need to. I'm demoing still, even though TS would tell me to trade .10 a pip. I'm going to do that after 2 weeks of staying profitable first on demo. I have the luxury of being able to read the forums and look at charts throughout my...
''...don't try complicating something that isn't complicated.''

That's the Holy Grail...
  • #4,055
  • Jun 9, 2017 3:16pm Jun 9, 2017 3:16pm
There have been some fantastic trades on The Weird Bunch this week - all missed by me as I have been busy elsewhere. It happens. No complaints. I need to get my 1-2-3 head back in the game though.

FYI - The Weird Bunch:
US30
US500
UK100
GER30
France40

Have a good weekend all and catch you on the other side.
  • #4,056
  • Jun 9, 2017 4:20pm Jun 9, 2017 4:20pm
Quoting lemercenaire
There have been some fantastic trades on The Weird Bunch this week - all missed by me as I have been busy elsewhere. It happens. No complaints. I need to get my 1-2-3 head back in the game though. FYI - The Weird Bunch: US30 US500 UK100 GER30 France40 Have a good weekend all and catch you on the other side.
does this sound similar to?:
US30USD
SPX500USD
UK100GBP
DE30EUR
FR40EUR
  • #4,057
  • Jun 9, 2017 4:49pm Jun 9, 2017 4:49pm
Quoting faatkumo
{quote} does this sound similar to?: US30USD SPX500USD UK100GBP DE30EUR FR40EUR
Yes, that's them. Different brokers have different suffixes. You'll also see them as US30CASH, US500CASH rtc
  • #4,058
  • Jun 9, 2017 4:54pm Jun 9, 2017 4:54pm
Quoting lemercenaire
{quote} Yes, that's them. Different brokers have different suffixes. You'll also see them as US30CASH, US500CASH rtc

Very informative.
Also how do I measure "pips" for these to gauge the 5pip
  • #4,059
  • Jun 9, 2017 5:04pm Jun 9, 2017 5:04pm
Quoting faatkumo
{quote} Very informative. Also how do I measure "pips" for these to gauge the 5pip
Contact your broker. They will have a page on their site with that info for you.
  • #4,060
  • Jun 10, 2017 10:12am Jun 10, 2017 10:12am
I highlighted entry bar as yellow color....Please guide whether i am doing it correctly or not? I waited price to open in interest area then took entry at PD Lower Open....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 194 KB
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