The SL is placed below the low of the day/above the high of the day. The trade needs some breathing room. Profitfarmer, my exit answer was not meant to be vague. Part of the problem is most traders are never satisfied with their profit because... ...

Trading is as simple as 1-2-3

Thanks everyone for the questions. Your questions help me clarify my trading and communication. When you do not understand what I am talking about, the fault is mine for not being crystal clear. Hopefully, you find my responses friendly and not ...

Trading is as simple as 1-2-3

image Traders all know that H1 has 4 M15 and 12 M5 bars within them. A D1 bar has 24 H1 bars. We are all talking about the same price. Each of us chooses how big of time slices we prefer to view.

Trading is as simple as 1-2-3

image The patterns also appear on M15.

Trading is as simple as 1-2-3

image The patterns appear on M5 timeframe.

Trading is as simple as 1-2-3

image Hello again, dagoods. doesn't one need to ask you on what timeframe are you would be searching for your 3 candle pattern? H1 is my preference. Though other traders may prefer different timeframes.

Trading is as simple as 1-2-3

Hi dagoods, I believe I understand your confusion. The 1-2-3 referred to here is the higher low, lower low, high low 3 bar pattern or lower high, higher high, lower high 3 bar pattern. The chart you posted looks like a swing high, swing low. Not the ...

Trading is as simple as 1-2-3

Hello profitfarmer: where do you get out? Possibly one of the most asked questions by traders. There are many factors involved in the answer. The exit could be a target price, a hard stop or a trailing stop. Placing a target and a stop loss upon ...

Trading is as simple as 1-2-3

is it really a 123? doesn't it start with bar 0? Bar[0] is the current bar. Bars are counted backwards from the current bar. A 1-2-3 starts with bar[2]. Bar[2] is 1, bar[1] is 2 and bar[0] is 3. image Does this chart help you understand?

Trading is as simple as 1-2-3

image Lower lows and lower highs indicates price is moving down.

Trading is as simple as 1-2-3

image Forget the last trade and move on to the next.

Trading is as simple as 1-2-3

image Stopped out. But no need to It is all part of trading.

Trading is as simple as 1-2-3

image Trade in the red but not stopped out because new daily low has not been made. Stop at daily low - 1 pip.

Trading is as simple as 1-2-3

image Previous bar[1] established a new daily low. Current bar[0] opened, failed to make a new daily low and returned to open price. This is the entry. Please understand none of this is original or new and this is presented for EDUCATIONAL ...

Trading is as simple as 1-2-3

image Brown line at open of current bar[0]. Current price below the bar[0] open and above the daily low.

Trading is as simple as 1-2-3

image Classic 1-2-3 HL-LL-HL pattern.

Trading is as simple as 1-2-3

image A buy entry at the brown line, after price made a new daily low this bar[0], would be 10 pips in profit. Dagoods, does this help answer your previous question?

Trading is as simple as 1-2-3

image a new daily high or low on what timeframe? Daily high or daily low is independent of timeframe. The chart is M15 timeframe. Please notice the daily high and daily low lines are exactly the same as the H1 timeframe chart in the previous post. ...

Trading is as simple as 1-2-3

a new daily high or low on what timeframe? Daily high or daily low is independent of timeframe. can you please show an example on a 1 hour chart with control y showing the daily delineations vertical lines.... I apologize but I do not understand ...

Trading is as simple as 1-2-3

image Brown line at current bar[0] open. Early entry or wait for next bar.

Trading is as simple as 1-2-3