Simple as 1-2-3

forex live trades, setups, charts

Moderator: moderators

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 829
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Postby dchappy » Mon Sep 23, 2013 1:54 pm

Good to see you PTG ..it's been a while ..

Beautiful trades .. keep posting .....

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 829
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Postby dchappy » Mon Sep 23, 2013 2:02 pm

Pattern triggered pre-market ,

I entered late and got taken out in the chop...

Waiting to see what developes..

http://clip2net.com/s/5O92v8

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 829
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Postby dchappy » Mon Sep 23, 2013 2:18 pm

The pattern was strong...my resolve was weak ... :D

Done till tomorrow...

http://clip2net.com/s/5O9PHo

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

Postby PTG » Mon Sep 23, 2013 3:15 pm

Yes it's been a while DC :shock: and I've been plugging away at it all the time. Always continue plugging away to achieve your goal :D

So last weekend I was checking out your thread for some additional ideas and I figured I'd start posting some. It's a 5000 volume chart + 1 SMA (HLC) and the rest is not important although price usually either stops or continues straight through the horizontal areas which are low volume areas (line in the sand for some :) ) The small arrows are standard MACD zero crossovers.

I have to say I like the simplicity. The examples were on the FGBL which I trade in the European morning and I'm thinking of trading forex with this in the afternoon to get a large enough sample size of trades and evaluate.

Got some troubles uploading the last screenshot but here it is: http://screencast.com/t/yFfaKeyGiZ

Over 50 ticks down, then 70 ticks up. :wink:
This is my new signature: "new signature".

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 829
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Postby dchappy » Tue Sep 24, 2013 1:16 pm

This is the bigger picture ,

however , I choose to have NO bias ..and will wait for the open to unfold .......


http://clip2net.com/s/5Ozn4O

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

Postby PTG » Tue Sep 24, 2013 2:02 pm

Big thumbs up to you sir.
Had a miss on FGBL going long early this morning, then a profitable trade albeit very ugly because it ended up dragging along during European lunchtime. Was going to trade another one that would have been profitable but somehow my trading platform was goofed up, which it hardly ever is fortunately so I ended up working on that issue. In any case, from what I have seen yesterday and today this I believe is a very good way to rake in consistent profits more often than not (= cost of business) and consistently reach (or better) a daily expectancy which is what I'm after (I'm not in favour of the idea let's see what the market can provide me; I'm the one in control and I have daily expectancy targets). Drain the banks ;-)
This is my new signature: "new signature".

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

Postby PTG » Tue Sep 24, 2013 2:10 pm

As an aside, re. your bigger picture, I'm looking at 1-2-3 in the context of something else which I'm happy to explain but perhaps better in another thread so as not to garble up your stuff. I think for those who want to learn how to trade using your ideas it's a wonderful thread, focused on 1-2-3 so what more could a person want. Just start at the beginning and then read to the end. O:)
This is my new signature: "new signature".

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 829
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Postby dchappy » Tue Sep 24, 2013 2:31 pm

Kind of a choppy mes this a.m. ,

I had to run an errand and missed the eventual move ..

I'm not sure that it can be called a 1-2-3 , however the macd

picked it up nicely ..

PTG ..feel free to offer any insights ..Kreslik seems to be slipping away ,

any new oxygen may revive her .. :wink:

http://clip2net.com/s/5OBtOy

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

Postby PTG » Tue Sep 24, 2013 3:10 pm

Oxygen - why not :smt003

I'm a value trader as per www.l2st.co.uk using volume profiles. I believe that the market is stuck in a range for longer than it is trending. Of course, everything is fractal so on a lower TF you will have trends inside a range. What I basically do is to look for a range on a higher TF and then trade it (= the trend on a lower TF) long from relatively cheap (VAL or Value Area Low) to expensive (VAH or Value Area High) or trade it short v.v. On any given profile you will find levels with high volume and low volume. The low volume areas are areas that the market doesn't like to stay for a long time so it'll either blast straight through or turn around. Given a "strong" trend you'll oftentimes see pullbacks to an area after the market blasted through and thus these are logical places to have an expectation for the 3 of a 1-2-3 or a hook. The profiles and the low volume areas are of course dynamic however they do definitely provide an edge in knowing where the market may stop and turn around or pull back to. Hope that makes some sense.
This is my new signature: "new signature".

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

Postby PTG » Tue Sep 24, 2013 3:21 pm

General idea on NQ currently: http://screencast.com/t/ptbpMt5qST
This is my new signature: "new signature".

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “forex”