DislikedHere's pdf of 123s what I call a 2b is a broken 123 pattern where point 3 takes out point 1 then price takes out 2 point with no pullback {image}Ignored
Regards
Paal
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DislikedHere's pdf of 123s what I call a 2b is a broken 123 pattern where point 3 takes out point 1 then price takes out 2 point with no pullback {image}Ignored
Disliked{quote} Thanks for info Divergence, I will read this document as soon I get some time. I trade 4h and I use 123 pattern with direct entry at 2 in trend. If here is not an clear trend i use 123 with a 4h closed breakout candle from 2. By the way, where do you put your entry when using 2b. Regards PaalIgnored
DislikedHere's pdf of 123s what I call a 2b is a broken 123 pattern where point 3 takes out point 1 then price takes out 2 point with no pullback {image}Ignored
Disliked{quote} Hi Div, Glad you enjoyed it. I should have also emphasized that the single most critical component effecting profitability of the algo designed based on your system was the 123 & 2b logic. Almost all the other components can be tweaked and changed without major differences to the bottom line. It all starts with 123/2b, so everyone should focus their attention there.Ignored
DislikedHi V, The last thing this thread needs is a discussion on algorithms/ea hijacking the healthy discussion. Therefore i will answer your questions in this singular post, also because i think there might be some overall benefit to all traders. First of all, the automation of Harolds system was an excersice i assisted a talented programmers who was looking for a worthy system to automate. While his development proficiency is great, his market mechanic knowledge was at a beginners level, and so my involvement was in helping dissect harold's system in...Ignored
Disliked{quote} Fair enough. I would still like to understand the order flow mechanics or "footprint" that will indicate or measure or simulate a strong/weak move in price. I think that is essential for us to understand. The secret lies in this element and could be a very powerful validation tool. I have traded momentum for many years and I could not find anything come close to my eyes and "feeling" the speed of price movement. Everything lagged in MT4 or FXCM so I had to use a lot of screentime just to be very good at catching these moves (as good as taking...Ignored
Disliked{quote} Look like all the big boys are busy shopping on Amazon lol Any idea how will she react to any data coming out of Black Friday or Cyber Monday? I think she will blow upward in a heartbeat with any minor positive news.Ignored
Disliked{quote} Best guess... and it is just a guess. Black Friday will disappoint based on how the wife described it locally. She indicated that she felt like it was far fewer people than last year. I think mostly because there were so many good deals online for Black Friday. Cyber Monday will generate some good numbers. The one thing that may kill Cyber Monday is lack of supply. There are a few components that I need to finish a couple of computers that are Christmas gifts but right now the parts are out of stock. One component I need is currently limited...Ignored
Disliked{quote} Agree on poor Black Friday print but for NQ, I think Cyber sales will be more important. We just need a good 50T spike to meet our daily income goal lol Damn, I can picture Harold sitting on my shoulder and knocking my head to think "daily income/daily income/daily income" LOLIgnored