image Next hour.

Trading is as simple as 1-2-3

image Price too far from daily high to enter.

Trading is as simple as 1-2-3

image Next hour.

Trading is as simple as 1-2-3

image A variation: Bar[2] daily low. Bar[1] price tested daily low but did not return to open price. Bar[0] price returned to Bar[1] open. Enter the trade. Place stops.

Trading is as simple as 1-2-3

image image image Next hour.

Trading is as simple as 1-2-3

image This is an example of something that drives many traders crazy and causes them future losses. Bar[2] established a daily high. Bar[1] tested the high, reversed through the open and the trade has a nice profit until... it reversed and move ...

Trading is as simple as 1-2-3

image Setting stops prevents winners from becoming losers, especially big losers.

Trading is as simple as 1-2-3

image Next hour. 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 ...

Trading is as simple as 1-2-3

image In case you were wondering about what happened.

Trading is as simple as 1-2-3

image Trade entered. Stops in place.

Trading is as simple as 1-2-3

image Next hour.

Trading is as simple as 1-2-3

image Possible double bottom trade this hour or if price makes a new daily low, trade next hour trade.

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 Making a new daily low. Will watch for reversal near yesterday's low ( D1[1] ).

Trading is as simple as 1-2-3

image Next hour.

Trading is as simple as 1-2-3

image When to take profit is always a question. One good reason to always set protective stops when in profit.

Trading is as simple as 1-2-3

image A trader had asked about trading the GBPCHF pair using this method.

Trading is as simple as 1-2-3

image Textbook trade. 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 ...

Trading is as simple as 1-2-3

image Reasons for stops - protect profit, minimize loss.

Trading is as simple as 1-2-3

image Reasons for stops - protect profit, minimize loss.

Trading is as simple as 1-2-3