Simple as 1-2-3

forex live trades, setups, charts

Moderator: moderators

User avatar
prochargedmopar
rank: 10000+ posts
rank: 10000+ posts
Posts: 12048
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 1790
Location: Granbury, TX
Gender: Male
Contact:

Re: Simple as 1-2-3

Postby prochargedmopar » Thu Sep 21, 2017 11:37 pm

dojirock wrote:
prochargedmopar wrote:The AO cross and I so far have not got along very well.

IMG_1904.JPG

IMG_1905.JPG


Hi Pro, good to see you back looking at charts.
I drew the best I could..im on my tablet.
All you need is a bit more patience. Im not sure if you use my zones...but the cross of the trendlines which you have drawn correctly, needs to be crossed by the ma. or If you do use my zones, a failed retest, then the break of your trendline will almost get you in on the right side of the zone every time, thus eliminating the reversal trades.

Just jumped the gun...thats all

doji2017-09-21_1356.png


Like this?

MA (price closes beyond strongly) breaks a TL,
AO still up.
Price pulls back to a ZL.
Bingo is struck.

IMG_1939.JPG
IMG_1939.JPG (154.28 KiB) Viewed 6179 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Re: Simple as 1-2-3

Postby dojirock » Fri Sep 22, 2017 2:12 am

In the pic above, yes, like that. BUT, it would be an continuation for me, not an entry. All most all of my trades are based on reversals.
When I take my pip pillage, im done with that move. Over time this will also help with holding trades that are winners. I just want to point out
for the last 7 hours in the pic..if you were long, that there were no down Crosses, down doji zones, down momentum, down 123 setups, down abcd's.

For many, once in a trade, thats when anxiety sets in... just take a deep breath and trade what you see. It doesnt lie.
doji
It always takes Momentum to break Momentum!
"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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Re: Simple as 1-2-3

Postby dojirock » Fri Sep 22, 2017 2:14 am

2017-09-21_2201_9.jpg
2017-09-21_2201_9.jpg (172.57 KiB) Viewed 6162 times


doji 8)
It always takes Momentum to break Momentum!
"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!"

User avatar
prochargedmopar
rank: 10000+ posts
rank: 10000+ posts
Posts: 12048
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 1790
Location: Granbury, TX
Gender: Male
Contact:

Re: Simple as 1-2-3

Postby prochargedmopar » Fri Sep 22, 2017 2:47 am

dojirock wrote:2017-09-21_2201_9.jpg

doji 8)


Well your stress was A+ approved this time around as we had a TL break, AO cross, S/R break, and a 123 Top. lol

IMG_1942.JPG
IMG_1942.JPG (159.77 KiB) Viewed 6662 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

User avatar
prochargedmopar
rank: 10000+ posts
rank: 10000+ posts
Posts: 12048
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 1790
Location: Granbury, TX
Gender: Male
Contact:

Re: Simple as 1-2-3

Postby prochargedmopar » Fri Sep 22, 2017 1:58 pm

The last two swings were classic 123 patterns.
After the prior 2-3 swings being sketchy giving doublw 123's before a move or giving a false 123 and then continuation I was very hesitant to trade these two.

Have to be a dang soothe sayer with crystal ball to know which ones to trade.

Or have some kind of MM system to overcome the 60+% loss rate one would encounter.

Hmmmmmm
IMG_1945.JPG
IMG_1945.JPG (148.18 KiB) Viewed 6724 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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

judokamak
rank: 150+ posts
rank: 150+ posts
Posts: 162
Joined: Mon Jan 09, 2012 9:20 am
Reputation: 22
Gender: None specified

Re: Simple as 1-2-3

Postby judokamak » Fri Sep 22, 2017 2:07 pm

prochargedmopar wrote:The last two swings were classic 123 patterns.
After the prior 2-3 swings being sketchy giving doublw 123's before a move or giving a false 123 and then continuation I was very hesitant to trade these two.

Have to be a dang soothe sayer with crystal ball to know which ones to trade.

Or have some kind of MM system to overcome the 60+% loss rate one would encounter.

Hmmmmmm


Filter=higher TF position/zline/s&d, leave the rest of them

As Doji says...you only need 2 TF max

just a suggestion....

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Re: Simple as 1-2-3

Postby dojirock » Fri Sep 22, 2017 2:21 pm

We dont trade the breakout without seeing the retest. That minimizes risk and keeps the SL small.
If trading the sma cross, you will still see the retest...Those are the great trades.

doji
It always takes Momentum to break Momentum!
"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!"

User avatar
prochargedmopar
rank: 10000+ posts
rank: 10000+ posts
Posts: 12048
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 1790
Location: Granbury, TX
Gender: Male
Contact:

Re: Simple as 1-2-3

Postby prochargedmopar » Fri Sep 22, 2017 4:10 pm

judokamak wrote:
prochargedmopar wrote:The last two swings were classic 123 patterns.
After the prior 2-3 swings being sketchy giving doublw 123's before a move or giving a false 123 and then continuation I was very hesitant to trade these two.

Have to be a dang soothe sayer with crystal ball to know which ones to trade.

Or have some kind of MM system to overcome the 60+% loss rate one would encounter.

Hmmmmmm


Filter=higher TF position/zline/s&d, leave the rest of them

As Doji says...you only need 2 TF max

just a suggestion....


I spent years trying to trade the triple screen. Not gonna happen.
Higher TF is great for levels but then I do not honor my smaller tiimeframe SL because I'm actually trading the higher time frame.
I'm not one to accept being stopped 3x to get into the bigger move. I'd prefer to just wait in drawdown for the bigger move to take place.
Or trade only the smaller move but this always leaves me in the 1:1 or worse profit ratios.

Anyway.
There were a lot of decisions to be made in ONE week on an m15 chart using only ej.

#decisions.JPG
#decisions.JPG (138.19 KiB) Viewed 6711 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

judokamak
rank: 150+ posts
rank: 150+ posts
Posts: 162
Joined: Mon Jan 09, 2012 9:20 am
Reputation: 22
Gender: None specified

Re: Simple as 1-2-3

Postby judokamak » Fri Sep 22, 2017 5:13 pm

prochargedmopar wrote:I spent years trying to trade the triple screen. Not gonna happen.
Higher TF is great for levels but then I do not honor my smaller tiimeframe SL because I'm actually trading the higher time frame.
I'm not one to accept being stopped 3x to get into the bigger move. I'd prefer to just wait in drawdown for the bigger move to take place.
Or trade only the smaller move but this always leaves me in the 1:1 or worse profit ratios.

Anyway.
There were a lot of decisions to be made in ONE week on an m15 chart using only ej.

#decisions.JPG



I understand and can relate, i had identical problem. The issue here is not fear or greed, which are commonly mentioned in trading bussines, but PRIDE.
Pride brings the need "to be right", which means, trader will not take SL with ease. He wants to be right, period. I ve read somewhere, that the ability to take SL is the first thing one learnes in trading firm and i understand why. Beacuse it s the hardes thing to do. At least for me was.
Try to trick your mind in doing this on continuous basis, don t just accept that you can t, because you definitely can. It s a mind habbit and it can be removed as any habbit. With will power.

User avatar
prochargedmopar
rank: 10000+ posts
rank: 10000+ posts
Posts: 12048
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 1790
Location: Granbury, TX
Gender: Male
Contact:

Re: Simple as 1-2-3

Postby prochargedmopar » Fri Sep 22, 2017 8:14 pm

This to me is PERFECT market symmetry.

123 bottom, followed by a trend.
123 high, followed by a trend.

If continuously enganged in the market as Joe Ross teaches a loss would have had to be taken before the next string of winners.
So YES.

I can only be successful when my "losses cause me great laughter". MO

IMG_1960.JPG
IMG_1960.JPG (141.73 KiB) Viewed 6675 times


Nothing from arrow to arrow said to buy.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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


Return to “forex”