Good thing about 123 is that it's price action, as opposed to lagging indicators.
What's wrong with 123 Pattern 25 replies
bo7a method... method for GBP/JPY 205 replies
easy as 123 profittable system 20 replies
Calling to all Programmers! let's remake this 123 indicator 1 reply
Someone can introduce me to the 123 system? 15 replies
DislikedThe movements have slowed down over the past couple of weeks. I'm patiently waiting for a few set-ups. I'm currently watching eurusd, gbpusd, and audusd. We have points 1 & 2 established on all three weekly charts. But on the gbpusd daily chart, we might have point 3 established. We'll have to wait for conformation on the macd.
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DislikedHi lgtj,
Thanks for starting the thread and sharing your system.
Hope I didn't miss this on one of the posts, but was wondering how significant the 50% level was, because for example on E/J, it seems as though retracement only hit the 38% level.
Can we enter at any of the 'major retracement levels' as long as MACD turns back in the direction of the trade? or are we strictly looking for 50% retracement?
Thanks in advance for the reply.Ignored