Thread: Trading is as simple as 1-2-3

When price is above an open, it is up. Conversely, when price is below an open, it is down. It's a great idea when price is up and to not buy if price is down. Naturally, most traders search but are impatient and trigger happy thus buying when they ought to be selling and vice-versa.

A market below the H1 open of the bar immediately following the bar making the greatest high would have led to profit. In conclusion, a bar closes and creates a high. Next bar reverses and fails to produce a higher high. Sell when price drops below the open price of the current bar.

A buy above the H1 open of the bar immediately following the bar making the cheapest low could have led to profit. In conclusion, a low is made by a bar and closes. Next bar reverses and fails to make a low. Buy when price climbs above the open price of the current bar.

Please understand none of this is first or new and this is introduced for EDUCATIONAL PURPOSES ONLY. You may find your results could differ. Please check before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!

EDIT DEC 23, 2016:



Someone pointed out RULE #3 might be interpreted in more than 1 way.
See alteration on chart.
You wish to trade AWAY from the daily high following price produces a new daily high and
trade AWAY from the daily low after price produces a new daily low.
You are ALWAYS trading involving the daily open with this particular method.

Short EJ 5 locked

Constantly likely to get a ?HAL-Special? from the look...

Originally Posted by ;

quote Hal7 are you doubble your account in each month?

No, I am not that good. I post my winners, I lose trades feel it or not. Today has been fairly typical and good only took one loss on the GJ. I'm currently AU 19, CA 22, GU 15, JY 2. I'm always seeking to latch on to the monster runner since I did last week it was the same GJ that hurried to 134 before I stopped out. That is dependent upon being in the right place at the right time, and generally actuated by big news or merely powerful impression.

Originally Posted by ;

quote Lol... Picture

Originally Posted by ;

Nevertheless in my previous trades: AU 38, CA 102, GU 66, JY -0.4 I guessed the JY would ruin the celebration

The JPY will proceed the Oil Inventories.

Called this amount over on Billy's thread and turned out a nice 1-2-3 for us, since Hal has posted above...

Originally Posted by ;

GU trying to go into a set-up.

Nice HAL-Special came out of that, for the ones that way inclined

Originally Posted by ;

quote Hi , I had a peek at alarms when I was writing the initial version, but if the H1[0] candle is moving down and up you get bombarded with popups before the candle moves a few pips away from the trigger worth. I was looking at a popup alert at the start of the new candle but this is no good. What about, when you receive an alert to your pair for the very first time around the H1[0] candle, it remembers this and some other alarms with this pair are discounted for the duration of the H1[0] candle. This can be shown on the indior for a dot such as...

Makes 100 percent sens to do it as you described! (if that works you can perform in a email alarms?!)

Thanks

Originally Posted by ;

quote Lol I grasp you. (Prayer Hey, like really ). Lol I get all you Hal7 but to someone new to the industry what are your suggestion offs, I mean things to watch out before placing some commerce on certain platform? The important items, you are able to give a clue from your perspectives. Tools you utilize and apply to your daily trades and team then I can create notes from them and determine if I could get along with this. Thank you

Read Hals post. Read from post one. Templates are under paper clip at top of page. Read what others do and practice daily. After a number of months you should get an notion of how others trade by making DEMO trades of your own. When you've practiced for a couple months come back and ask more questions. Understand that by copying Hal or anyone else will not make you a success. Life would be easy if it was but Hal has losses, crucial is handling those losses. Work hard and practice, read this thread demonion and a few times. More. There are no short cuts - achievement is down to practice and hard work. Put up for criticism after you've demonion traded for a while. Fantastic luck.