Simple as 1-2-3

forex live trades, setups, charts

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dchappy
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Re: Simple as 1-2-3

Postby dchappy » Tue Dec 19, 2017 2:26 pm

Pattern worth watching ...
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dchappy
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Re: Simple as 1-2-3

Postby dchappy » Wed Dec 20, 2017 4:55 pm

Someone once told me that a flag (cone ) will break at 60-70% .It is a good rule of thumb...
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Re: Simple as 1-2-3

Postby prochargedmopar » Wed Dec 20, 2017 5:28 pm

MightyOne wrote:Do you see what people are doing wrong?

achoo.png


Yes,
Fiddling around in here...


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#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

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Libertarian
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Re: Simple as 1-2-3

Postby Libertarian » Sat Dec 30, 2017 3:21 pm

dchappy wrote:I have been helping a young trader He is taking 123 trades only . In 3 months his results are 30 trades , 27 wins and 3 losses



Ouch, I know I'm not even done with the thread and I'm sorry for jumping out of turn, but man this one hurts at first read. That being said, it makes me believe I have seen the light and it is simplicity. Carry on.

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Libertarian
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Re: Simple as 1-2-3

Postby Libertarian » Wed Jan 03, 2018 5:14 am

Moving SL to BE? zl the 123 BO traders?

MightyOne wrote:Do you see what people are doing wrong?

achoo.png

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Re: Simple as 1-2-3

Postby Libertarian » Wed Jan 03, 2018 5:22 am

Greetings DC, hope you are enjoying your hunting/shopping trip :O)

I was wondering if I could ask you about your trendlines. I know you said you sometime approximate them based on where the cross happens. But I wanted to know if you could discuss how you draw them more? Sometimes they appear based on the line chart, sometimes the bar chart or something else. Some were even inside of the lines like the attached.

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dchappy
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Re: Simple as 1-2-3

Postby dchappy » Mon Jan 08, 2018 10:42 am

Hi Lib ..Don't put too much importance on my trend lines ...they are hastily drawn and not meant to be exact " triggers " . The pattern is the important part .. have a great year .. :smt023
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dchappy
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Re: Simple as 1-2-3

Postby dchappy » Tue Jan 09, 2018 1:36 pm

I guess if I had to put my thoughts into words , it would go something like this . When I see possible divergence l will be looking for a macd cross . then I will try to plot a trend line where I think the cross will happen . A 123 should be starting to take shape by now and this could be a good time to enter .That's the gist of it ,,of course there are many other things ( patterns ,z-lines ,doji boxes etc.)tucked back in the brain which may influence the decision .In the end it is always just a guess ...and if you have enough space you can be wrong many times before you have to be right ...........
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dchappy
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Re: Simple as 1-2-3

Postby dchappy » Wed Jan 10, 2018 3:25 pm

I won't be posting much this year ...I am leaving Forex and will be trading the ES exclusively ,,Hopefully averaging 1 pt/ day .Which , if I posted that , would bore you all to tears .............Wishing everyone a blessed and profitable year ... :smt023

aliassmith
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Re: Simple as 1-2-3

Postby aliassmith » Thu Feb 08, 2018 12:18 am

dchappy wrote:I won't be posting much this year ...I am leaving Forex and will be trading the ES exclusively ,,Hopefully averaging 1 pt/ day .Which , if I posted that , would bore you all to tears .............Wishing everyone a blessed and profitable year ... :smt023


It wouldn't be boring to me. Futures rock!
Trade Your Way as Long as It Makes Money!

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