yes if a caught the first signal that would be better... but I_ was a sleep
so still in around -5/10 pips for now
so still in around -5/10 pips for now
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Dislikedkeep up the good work,
You don't need to count the pips, unless they are standardised per R:R.
All you need is 60.5% with R:R = 1 and you have a pretty profitable system. Net 8 trades (23 winners - 15 losers) * risk capital% gives you a raw 16% return for the month if you risk 2% per trade, or a nice 40% if you're following Paulus risk allocation less slippage. I know a few fund managers that would be happy with that for the year, not just a month!Ignored
DislikedHi Donfriday
It would be great if you could post on the thread. Those following this thread are very interested in the 123 method.
We have Paulus who trades 123 on reversal....we have Vantage who trades 123 with the trend (correct me if I am wrong here guys).......so any other input is hugely welcomed.
PGPBIgnored
DislikedI like Paulus' idea of trading 123 reversals rather than continuation. To help qualify this, i'm experimenting with the use of trendlines pulled from the previous 2 swings.
Looking at the current EU 5min, the trendline supporting longs has now been breached so we're now waiting for a valid 123 short.
Just some food for thought.Ignored
DislikedHi Jeff
market was trending up from the off therefore we look for a short........ the trade you show is a trade continuation of the current trend and therefore would not be taken
Cheers
PaulusIgnored
DislikedHi,
Would like to ask.. if this EUR/USD ... setup of 123... it is correct ? since I found got 2 possible setup.. either its buy or sell..
http://i55.tinypic.com/2v1ahyw.gif
waiting for comment...
Thanks,Ignored