PERFECT LGTJ
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
DislikedGood strategy you have here and more true of its effectiveness on higher time frames.
I trade a similar method on 4hr tf...Ignored
DislikedHey Sam,
what reason should make you enter earlier when price hasnt breached the high swing on the weekly chart
and again,whats up with the 5m chart at the right end corner of your chart? is there anything youre amplyfing
ciao!Ignored
DislikedHello Dliberators and welcome. I'm honored to have you post on my thread. I've learned a lot from your threads and your contributions on other threads. Your 2 cents is welcomed. I only trade these pairs because from my experience, they have the best trends, volatility, and their spreads are reasonable. Also with this method, there will be multiple entries on just one pair. If I were to trade this method across many more pairs, I would have too many trades open at once. So I'll just stick to these pairs for now. I might add a few more in the future....Ignored
DislikedThere's a set up happening now on gbpjpy daily. I'm in at 133.712. Let's see what happens. The monthly and weekly charts confirm the daily.
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DislikedHi Igtj,
According to the entry rules:
1. If entry base on D1, 123 is determined from Weekly chart and fib draw from Weekly chart too. Confirm MACD from Monthly, Weekly and Daily.
2. If entry base on H4, 123 is determined from Daily chart and fib draw from Daily chart too. Confirm MACD from Weekly, Daily and H4.
Please correct me if am wrong.Ignored
DislikedCan you give us an idea on Money Management.
I ask this cause I know a trade can take up 20days to hit its target,so during this time we see more signals;do we take them instead a waiting a month for 1 or two trades that are on that might eventally go against us?
Im just asking for help how one can best manage trades using this methodIgnored
DislikedIf you're fairly new to forex, I would suggest that you don't take no more than two entries per pair because there will be some draw down. And if you don't understand price action, you'll panic and exit your trades prematurely. When trading on the higher time frames, PATIENCE is needed. It takes time for the trades to develop, but eventually they will as long as you're trading with the trend.Ignored
DislikedOk sir.
Just some questions......1. Do you look at the previous closed candle or at the present ongoing open candle when you want to confirm MACD direction on the higher time frames.
2. When you use the 123 entry, do u look at the MACD and or Moving averages?
3. If we are to wait for 123 on say weekly to plot fib on 1-2 and wait for retrace, then we wont have the retrace to watch on daily, because this implies that it would have happened for us to know its a 123 hence no rertrace to watch...Will i be right then to say we anticipate 123 on...Ignored
DislikedHi
I see 3 entries on your chart, the 2nd one is an add-on entry based on an IB, could you explain how the other 2 have been determined.
ThanksIgnored
Dislikedthanks! point taken.
What I want to know is whats the highest amount of trades you can afford to have on at once?Ignored