Simple as 1-2-3

forex live trades, setups, charts

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dchappy
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Postby dchappy » Fri Feb 21, 2014 3:15 pm

Easy trade today .....

OK , enough from me ...

Take the clear signals , and quit while your ahead ...

Take Care.............................
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PTG
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Postby PTG » Fri Feb 21, 2014 3:25 pm

Great stuff DC :smt023
This is my new signature: "new signature".

dchappy
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Postby dchappy » Thu Feb 27, 2014 2:50 pm

9:30 a.m.

I will either take the break or wait for macd to cross and take the trigger line
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dchappy
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Postby dchappy » Thu Feb 27, 2014 2:52 pm

9:32 took the break ....

:smt023
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PTG
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Postby PTG » Wed Mar 05, 2014 12:58 pm

Here's an idea for 1-2-3. See also spartantraderfx.com videos on Youtube.



EDIT: Bigger picture here: CLICK CLICK CLICK CLICK
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Postby dchappy » Fri Mar 07, 2014 9:17 pm

PM..." DC Why do you only take 10 tick targets ?

As you say , you leave a lot on the table . Isn't it best to let the

profits run . Also I have always heard that a 1 to 1 risk reward is

doomed to failure as any winners will be erased by the losses .??

(name withheld ).


Thats a good question ..a few years ago I back tested my chart

over 200 pit sessions on the YM .

I was trying to find the best sized target for the smallest chart that

I could reasonably trade . I logged everytime that the trigger was hit

during the 1st hr after the open and was not stopped out with a 1-1
stop loss.This is what I discovered:


6 ticks hit 92 %
8 ticks 92 %
10 ticks 89%
12 ticks 85%
15 ticks 72%
20 ticks 60 %
25 ticks 52%
30+ ticks < 45%

when I saw that I realized that if I took 10 ticks/trade , there was

almost a 90% chance that the trade would be a winner .

Now remember , these stats are from a small time frame chart

and ONLY the 1st Hr of the session .

Another reason for my small tgt , is that I don't want to set @

the desk for more than 1 hr . I have found over the yrs . that if I

stay much longer than that I will give a lot of profit back .



As far as 1-1 not being profitable . I guess that would depend

on how profitable the method is . Another factor is that I will rarely

take a full stop ..Most stops are 5 tics or less .

Hope this answers some of your ques .

And of course no one says you have to stop @ 20 tics ,,some days

(like today ) the market will give signals all day long .

Thanks for your interest ...........
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dojirock
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Postby dojirock » Sun Mar 09, 2014 5:52 am

Dc,

Up and running on TradeStation.

Im trying to trade NQ

$5.00 per 1/4 point

Tick charts, not sure what to use.
What did you used to trade on tradestation and what settings....

any help...

appreciated

doji
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dchappy
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Postby dchappy » Tue Mar 11, 2014 1:58 pm

Hi Doji ..

I hate to recommend settings as every trader is different and is able

to react to signals at their own speed .

However , I've been pretty happy using a 10 tick range chart

for almost everything .

There was a nice NQ trade @ the open today ,

Good Luck with Futures ...... :smt023
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Postby Jalarupa » Tue Mar 11, 2014 2:49 pm

Playin' a little Dragon33 pong on the 1-2-3's myself today...

Image
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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dojirock
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Postby dojirock » Tue Mar 11, 2014 8:55 pm

tradestation so far is driving me nuts...

dc, can you tell what im doing wrong?

here is a pic....

doji
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