image I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW ...

Trading is as simple as 1-2-3

image No one knows what will happen next. Price fell below yesterday's daily low. It failed to close above yesterday's daily low and made lower highs over the last 4 hours. Price got close to yesterday's daily low this bar. Exiting the trade with ...

Trading is as simple as 1-2-3

image The question "when is the best time to trade?" is not the best question. "What are the conditions that should be present for trading to take place?" is a much better question. The conditions are: 1) Did a new daily high or new daily low ...

Trading is as simple as 1-2-3

image H4 chart. 1-2-3 can be used profitably.

Trading is as simple as 1-2-3

What are the biggest mistakes you see new traders make? Inconsistency. Using too many of the "wrong" indicators and believing in them. Believing chart time frame makes a difference. Failure to understand there will be "streaks" of wins and losses ...

Trading is as simple as 1-2-3

image Another +5. This happens every day. This is simple as 1-2-3. Follow the method as presented and you will get similar results. I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next ...

Trading is as simple as 1-2-3

If part of the trade is exited between BE+5 and BE +10 then when is the other part exited? Stop gets moved up or switched to trailing stop. Usually get stopped out with profit. If there is a big, fast move, I will exit with all the chips. I think ...

Trading is as simple as 1-2-3

image

Trading is as simple as 1-2-3

image I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW ...

Trading is as simple as 1-2-3

How many trades per day or week do you average? 1 to 3 per day. How much time per day do you typically spend trading? 3 - 6 hours. What exit strategy do you currently use? The "not lose" exit strategy. Stop is moved to BE+1 as soon as practical. ...

Trading is as simple as 1-2-3

image I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW ...

Trading is as simple as 1-2-3

Broker time determines daily open. 5pm East Coast Time. D1 chart. image

Trading is as simple as 1-2-3

image I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW ...

Trading is as simple as 1-2-3

Those indicators are not mine to share. Reading this thread will give you clues to who wrote them.

Trading is as simple as 1-2-3

image An 80 pip gain from short entry to exit. A 30 pip gain from long entry to exit. Not everyday pays like this. I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next bar fails ...

Trading is as simple as 1-2-3

image Entering a second time can be profitable.

Trading is as simple as 1-2-3

image This is a M5 chart with H1 background shading. Modify the rules slightly: A bar makes a NEW high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW ...

Trading is as simple as 1-2-3

image image Entry taken. Taking a profitable exit within the same H1 bar does not mean or imply this is a scalp system. I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next bar fails ...

Trading is as simple as 1-2-3

image I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW ...

Trading is as simple as 1-2-3

image I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A bar makes a NEW ...

Trading is as simple as 1-2-3