the simplest strategy that works

Padutrader: you don't show any 1-2-3 set-ups in any of your recent charts.
How can we determine when NOT to trade the 1-2-3 ?
I don't "see it"....where are the numbers ?
 
syswizard said:
How can we determine when NOT to trade the 1-2-3 ?
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You can use constant-volume charts instead of timed charts: on all the instruments I trade, this increases the win-rate.


1a2b3cppp said:
Person forgot to draw on their charts where it didn't work.
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That's how it often goes, with illustrative examples in all kinds of "teaching materials", and it's a good thing to be aware of. Nevertheless, this is a good price-action pattern, given experience, care, skills, sensible money-management, patience and discipline, and there are people making a living from it ... and however much people want to be skeptical about it (and undeniably that's generally a good policy, in principle, with trading methodologies discussed in forums), this is simply factual.


_eug_ said:
Yesterday on NQ / ES was a nice example of a failed 1- 2 -3 Pattern on the 30 minute timeframe.
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There will always be some of those. The achievable win-rate with this price-action pattern - given a 1:1 R:R - can be about 75%, not 100%. I'm "just saying" ...
 
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The lack of response from Padutrader is so indicting......
He doesn't annotate his charts adequately....
He doesn't suggest a risk management strategy....nor complete trading strategy.
This looks shakey at best.
Worst of All...it appears to be "NON-BACKTESTABLE"....
that is always a bad omen.
 
syswizard said:
The lack of response from Padutrader is so indicting......
He doesn't annotate his charts adequately....
He doesn't suggest a risk management strategy....nor complete trading strategy.
This looks shakey at best.
Worst of All...it appears to be "NON-BACKTESTABLE"....
that is always a bad omen.
More...
good point i always get overexcited when i find something new
 
Here you can see three simple strategy for Forex trading

1. Long Term Breakout Trading
FACT: Most major trends start from new market highs or lows.
2. The Four-Week Rule
3. Trading Overbought Oversold
 
padutrader said:
CLOSED THE TRADE
a lesson learn't is do not trade this pattern when the market is is a channel type of trading behavior: can you see the difference in the charts of eurusd and audusd posted below?. it is better to trade the aussie,audusd
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YOUR NOT HOLDING LONG ENOUGH... your target exit should at least be the last low, for a trend continuation trade. Your like a 5 tick chump. Hold the position like a man. Euro retested that low, you trade the dirction to retest the sharp move... Your entrance was perfect... euro went in your direction... move your stop to where you shorted... and hold the damn position.
 
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