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
There's no business like [strike]show[/strike] covid19 business.

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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dchappy
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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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"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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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Jalarupa
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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
:smt065

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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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