Well I reset the reversal entry a couple of times and ultimately got filled in a setup that wasn't exactly textbook. However I was able to close it out profitably.
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DislikedFor the life of me, I still can't figure out how to use 123. I understand it, but it just seems too inconsistent.Ignored
DislikedPaulus,
Great that you have the filter using Fib. I wonder there would have been 2 other valid trades (I highlight in red) on the chart you posted. May I ask why you didn't take them?Ignored
Disliked...i've been trading 123s for a while and i've taken this EU 5M short (and EJ), however, I think Paulus would say that these do not qualify as there are not 2 candles between 1 and 2...i may be wrong but that's my understanding...Paulus?
edit: in fact EJ (5M) has just printed a confirmed 123 short based on Paulus' definition...and is now on the approach to the test/break of swing 2.Ignored