Simple as 1-2-3

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MightyOne
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Re: Simple as 1-2-3

Postby MightyOne » Sat Aug 08, 2015 7:02 pm

TheRumpledOne wrote:How do you determine 1-2-3?


Joe Ross does it something like this:

price:

1) moves away from the lowest low
2) makes a high extreme BO
3) makes a low extreme BO
4) there is a BO of the highest high to the right
of the lowest low.

These steps do not have to occur in order as in the
case of an outside bar:

AUDUSDDaily.png
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The #2 point is not an entry, it is a partial take profit.

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TheRumpledOne
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Re: Simple as 1-2-3

Postby TheRumpledOne » Sat Aug 08, 2015 9:04 pm

MightyOne wrote:
TheRumpledOne wrote:How do you determine 1-2-3?


Joe Ross does it something like this:

price:

1) moves away from the lowest low
2) makes a high extreme BO
3) makes a low extreme BO
4) there is a BO of the highest high to the right
of the lowest low.

These steps do not have to occur in order as in the
case of an outside bar:

AUDUSDDaily.png


The #2 point is not an entry, it is a partial take profit.


LOL.. thanks MO... I understand that... but I was asking dchappy. It was not apparent to me from the chart posted.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

Adam777
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Re: Simple as 1-2-3

Postby Adam777 » Sun Aug 09, 2015 9:31 am

dchappy wrote:Hi Doji ,

How's the snow up there ?

I'm not on Tradestation anymore , I'm using ZenTrader.

But my chart is simple :

10 range with a 26 simple ma

macd histo on the bottom .

I would probably be using a renko chart if I had it ..but we can't

have everything ...right ?


:smt023


I really like this method, and how it's developed throughout this thread and your posts in other threads!

Is the renko chart with 1-2-3's the preferred method of entry for newer traders? I've seen your trendline breaks on the 1min, but it may take a while before I'm up to that

trade2winz
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Re: Simple as 1-2-3

Postby trade2winz » Mon Aug 10, 2015 4:28 pm

Ive decided to simplify my trading by simply trading the broken swings. Should I have a profit target and were should my stops be?
2015-08-10-TOS_CHARTS.png
2015-08-10-TOS_CHARTS.png (73.1 KiB) Viewed 2298 times

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Re: Simple as 1-2-3

Postby trade2winz » Mon Aug 10, 2015 4:37 pm

https://www.bigmiketrading.com/attachme ... 1307460879
ross hook
https://www.bigmiketrading.com/download ... nload.html

posting ninjatrader indicators because thats the platform I use.

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trade2winz
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Re: Simple as 1-2-3

Postby trade2winz » Mon Aug 10, 2015 4:40 pm

http://goldenzonetrading.com/software/t ... fibonnaci/
this is an excellent Fibonacci indicator.

dchappy
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Re: Simple as 1-2-3

Postby dchappy » Tue Aug 11, 2015 1:02 am

TheRumpledOne wrote:
MightyOne wrote:
TheRumpledOne wrote:How do you determine 1-2-3?


Joe Ross does it something like this:

price:

1) moves away from the lowest low
2) makes a high extreme BO
3) makes a low extreme BO
4) there is a BO of the highest high to the right
of the lowest low.

These steps do not have to occur in order as in the
case of an outside bar:

Screenshot_2015-08-10-20-48-54.png
Screenshot_2015-08-10-20-48-54.png (57.89 KiB) Viewed 2238 times


The #2 point is not an entry, it is a partial take profit.


LOL.. thanks MO... I understand that... but I was asking dchappy. It was not apparent to me from the chart posted.

Hi Tro ,,I don't measure pullbacks or fib retracements or any of that .If it looks like a 123 wave to me ,,it is .If it breaks at or near the buy zone , I consider it a stronger signal and will add at the hooks ........today was another good example .

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Re: Simple as 1-2-3

Postby TheRumpledOne » Tue Aug 11, 2015 1:48 pm

Thanks DCHAPPY. =D>
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

dchappy
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Re: Simple as 1-2-3

Postby dchappy » Wed Aug 26, 2015 1:51 am

Adam777 wrote:
dchappy wrote:Hi Doji ,

How's the snow up there ?

I'm not on Tradestation anymore , I'm using ZenTrader.

But my chart is simple :

10 range with a 26 simple ma

macd histo on the bottom .

I would probably be using a renko chart if I had it ..but we can't

have everything ...right ?


:smt023


I really like this method, and how it's developed throughout this thread and your posts in other threads!

Is the renko chart with 1-2-3's the preferred method of entry for newer traders? I've seen your trendline breaks on the 1min, but it may take a while before I'm up to that

Hi Adam...tough question since everyone see's differently . Renko is my first choice , not having that these days I trade from a simple line chart ..Find what is clearest for you . good luck .
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dchappy
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Re: Simple as 1-2-3

Postby dchappy » Fri Jun 24, 2016 1:31 pm

Wow , can't believe it has been 10 months since posting here .Sorry I haven't answered PM's.I don't check them often . Some wanted to know if or how I am still trading .So ,yes I am still trading the 1-2-3 ,and buy zone .I never trade news,fomc ,NFP ,or events ,however watching the brexit last night I attempted a few shorts on GU .I really just wanted to see how orders were filled during these wild moves .Getting in wasn't hard but exiting took over17 attempts accepting re-quotes with severe slippage .123's were everywhere , I entered on hooks .Also ,I have been posting profits lately to quiet some of the nonbelievers .Hope no one is offended by that . Well , my trading is done until Fall/Winter . Have a good summer everyone .
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