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123PatternsV6 revisited

  • #1,141
  • Mar 7, 2014 10:33am Mar 7, 2014 10:33am
Quoting dee50
UJ +50 News. EJ +70 123 Entry + news. EU + 38 News. No real legs to NFP today. I was in a 123 on the EJ, I left it running even though I was not at BE, risky but it paid off. {image} {image} {image}
Great trade, . have a nice weekend.
  • #1,142
  • Mar 11, 2014 2:14pm Mar 11, 2014 2:14pm
AU +60 4 Hr 123 early Channel Entry. I am trying out the SHI channel after Phx62 started using channels on the TMS thread. I know there are are other methods of drawing the channels but I found them to be too subjective or just plain inaccurate. The SHI channel is known for repainting and is no use for back testing, I tested using a trading simulator and the results were pretty good
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #1,143
  • Mar 11, 2014 3:03pm Mar 11, 2014 3:03pm
Good job
  • #1,144
  • Mar 11, 2014 3:14pm Mar 11, 2014 3:14pm
Quoting dee50
AU +60 4 Hr 123 early Channel Entry. I am trying out the SHI channel after Phx62 started using channels on the TMS thread. I know there are are other methods of drawing the channels but I found them to be too subjective or just plain inaccurate. The SHI channel is known for repainting and is no use for back testing, I tested using a trading simulator and the results were pretty good {image}
It seems that the markets at this point are forming in a way that makes everyone use channels.
well trade Dee.
  • #1,145
  • Mar 11, 2014 3:24pm Mar 11, 2014 3:24pm
2 trades for me today. It's March break here, so we enjoy spending time with the kids and last days of skiing.
GJ , H1 123 early entry after break out and pullback to channel. entry on M15. +55

EJ H1 break out and pullback to triangle, TDI red and green below MBL and level 50. M15 entry +45.
EXIT both due to late in NY session, low volume.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Greenshot_2014-03-11_15-55-38gjH1.png Size: 53 KB
Click to Enlarge Name: Greenshot_2014-03-11_16-21-03ejh1.png Size: 48 KB
Click to Enlarge Name: Greenshot_2014-03-11_16-06-01EJM15.png Size: 28 KB
Attached Image
If you're going through hell, keep going. Winston Churchill
  • #1,146
  • Mar 12, 2014 5:35pm Mar 12, 2014 5:35pm
I took an overnight asia session trade on ej H1 as a continuation of yesterdays trend,
set my TP at H1 200ema, price didn't make it there, exited for +30 pips. It would've made a standard 50pips tp though.

Second trade was a CT scalp trade on gj M5 in NY, 123 entry , along with divergence and confluence bounce off
H4 200ema, 61.8 fib ret. and lower channel line. partial exits +30, +20
Had the rest of the day off ..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Greenshot_2014-03-12_11-36-33ejH1.png Size: 47 KB
Click to Enlarge Name: Greenshot_2014-03-12_09-59-06gjm5.png Size: 42 KB
If you're going through hell, keep going. Winston Churchill
  • #1,147
  • Mar 13, 2014 10:38am Mar 13, 2014 10:38am
EJ +58. Pin Bar. UJ +30 Pin Bar. EU +5 123. 2 x 1hr Pin Bar entries and a 15 min 123 which was a mistake that I was lucky to get out of. EJ is in a bit of a range and that dictated my TP. UJ is in a long term uptrend but a short term downtrend????? so I picked an S&R level and aimed for that. I did the EU because it was a 123 CT which was plain stupid, thought I was being really clever, outwitting the market. My excuse is, yesterday I spent the whole day dealing with Spanish stupidity, sorry I meant Bureaucracy, and with that much exposure I became contaminated and that affected my decision making processes today.

Have you ever watched your toenails grow? it is fascinating. It is actually more entertaining than watching paint dry.

In the last 5 days the market has moved a whopping 100 pips I was getting so excited I needed 2 Prozacs and a large joint the effects of which at my age proved to be quite interesting.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu +58.png Size: 56 KB
Click to Enlarge Name: uj +30.png Size: 55 KB
Click to Enlarge Name: eu +5.png Size: 52 KB
Cut your Losers short and let your Winners run.
  • #1,148
  • Mar 13, 2014 11:03am Mar 13, 2014 11:03am
Quoting Imi
I took an overnight asia session trade on ej H1 as a continuation of yesterdays trend, set my TP at H1 200ema, price didn't make it there, exited for +30 pips. It would've made a standard 50pips tp though. Second trade was a CT scalp trade on gj M5 in NY, 123 entry , along with divergence and confluence bounce off H4 200ema, 61.8 fib ret. and lower channel line. partial exits +30, +20 Had the rest of the day off .. {image} {image}
Hi IMI, nice to see you over here in the hinterlands. Thank you for posting your charts it is great to see another perspective on the method and to see other pairs being traded.

I have traded the EU exclusively for so long that when I decided to add another 3 pairs, I broke out in a cold sweat and had to lie down for a few days to recover, so to see other pairs being traded and conquered is great.
Cut your Losers short and let your Winners run.
  • #1,149
  • Mar 13, 2014 11:13am Mar 13, 2014 11:13am
Quoting dee50
EJ +58. Pin Bar. UJ +30 Pin Bar. EU +5 123. 2 x 1hr Pin Bar entries and a 15 min 123 which was a mistake that I was lucky to get out of. EJ is in a bit of a range and that dictated my TP. UJ is in a long term uptrend but a short term downtrend????? so I picked an S&R level and aimed for that. I did the EU because it was a 123 CT which was plain stupid, thought I was being really clever, outwitting the market. My excuse is, yesterday I spent the whole day dealing with Spanish stupidity, sorry I meant Bureaucracy, and with that much exposure...
That's Cool trade for a depressed man..... , I felt so confused this week and I was a frozen to take any trade .
I'll try to put some weed under my pillow before going to sleep, maybe I can have lucid dream about EJ tomorrow's high and low....
  • #1,150
  • Mar 13, 2014 11:22am Mar 13, 2014 11:22am
Dee, you're too funny
thanks for giving me a good laugh.....
on the other hand if you had hold your CT for another 2 hrs you could've made 10pips more...lol

I've been busy with all March break activities...got on gj H4 , twice, but couldn't monitor so set BE level to 25pips,
both hit BE. The setup was good, with hidden bullish divergence, at lower channel line, 61.8fib ret., tdi cross etc..
looks like it's breaking out of the channel now...
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-03-13_10-41-17gjh4.png Size: 54 KB
If you're going through hell, keep going. Winston Churchill
  • #1,151
  • Mar 13, 2014 11:47am Mar 13, 2014 11:47am
hmmm.. I should've take a look at ej H4 , before I jumped on gj.

ej H4 retest of upper channel line, right where you had the pin and double top on H1
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-03-13_12-35-15ejH4.png Size: 75 KB
If you're going through hell, keep going. Winston Churchill
  • #1,152
  • Mar 13, 2014 3:04pm Mar 13, 2014 3:04pm
i don't have any indicator 123patternv6 indicator not working dee50 please post updated indicators
  • #1,153
  • Mar 14, 2014 2:11am Mar 14, 2014 2:11am
Hello , Iam new to this field , i dont have any indicators regarding this field , i had some of them but after the introduction of new Mt4 version they arent working too , i request you to plzz help me to get some new indicators , Regards - thank you
  • #1,154
  • Mar 14, 2014 5:07am Mar 14, 2014 5:07am
Quoting syedwajid
Hello , Iam new to this field , i dont have any indicators regarding this field , i had some of them but after the introduction of new Mt4 version they arent working too , i request you to plzz help me to get some new indicators , Regards - thank you
Can anyone help this young man. I have not upgraded to v600 so I do not have any INDIs that have been converted. Could some kind soul post a version of 123patternsv6 that works with the new version of MT4. Unfortunately as I am not the thread originator I can not edit the first page to include any modifications to the indicator or method. Perhaps we should start a new thread, that way we could put every thing on the first page where it can easily be found by any new Trading Nomads.

What would would we call the new thread? My trading style encompasses 2 or 3 methods and I see that many who come here also have at least one other method in their tool box, which IMHO is crucial.
Cut your Losers short and let your Winners run.
  • #1,155
  • Mar 14, 2014 9:28am Mar 14, 2014 9:28am
EU +54. 15m 123 Entry, confirmed by 1hr 123. Price came back and kissed my SL but I had Garlic last night so it must have put price off and it left my SL in place. Consumer sentiment gave me a quick win, TP should have been up at the top of the channel, but I have to go out and strim some weeds. Look at the chart, every thing favoured a long, the only thing that would have made it go short was divine intervention or maybe JP Morgan.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +54.png Size: 63 KB
Cut your Losers short and let your Winners run.
  • #1,156
  • Mar 14, 2014 10:34am Mar 14, 2014 10:34am
same here, +57 on ej. The idea was that the H4 lower channel line was reached along with still showing a hidden bullish divergence.
H1 and M15 also had divergence. I entered on m5 123, price started moving very quickly and I changed my tp level to 100 pips, to 140.63 which was a level
to the left, I was up +82 pips , but guess what , the good old H4 10ema capped the move at 140.50 RN. still it was a quick nice move, which I like
Many people don't like divergences, I don't know why, for me they work great combined with PA and other supporting factors.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Greenshot_2014-03-14_10-42-51ejh4.png Size: 66 KB
Click to Enlarge Name: Greenshot_2014-03-14_10-41-32ejm15.png Size: 55 KB
If you're going through hell, keep going. Winston Churchill
  • #1,157
  • Mar 14, 2014 11:00am Mar 14, 2014 11:00am
Quoting dee50
EU +54. 15m 123 Entry, confirmed by 1hr 123. Price came back and kissed my SL but I had Garlic last night so it must have put price off and it left my SL in place. Consumer sentiment gave me a quick win, TP should have been up at the top of the channel, but I have to go out and strim some weeds. Look at the chart, every thing favoured a long, the only thing that would have made it go short was divine intervention or maybe JP Morgan. {image}
I took the same trade as your entry and ran off with 15 pips, when i see the chart my fingers get itchy, I wish I can develop the right patient to let profits run.
have a nice week end Dee...Cheers.
  • #1,158
  • Mar 14, 2014 11:05am Mar 14, 2014 11:05am
Quoting syedwajid
Hello , Iam new to this field , i dont have any indicators regarding this field , i had some of them but after the introduction of new Mt4 version they arent working too , i request you to plzz help me to get some new indicators , Regards - thank you
Hi Sayed,

the indicators as far for this thread are the same, the problem is with the new update for MT4 600 built, try to attach the indicator and change the value for the ZigZag to 5, it worked for me but could have some differences in different time frames, that's why I dropped the indicator and trained my eye to see it,it's not difficult if you focused for a bit.
  • #1,159
  • Mar 14, 2014 11:08am Mar 14, 2014 11:08am
Quoting dee50
{quote} Can anyone help this young man. I have not upgraded to v600 so I do not have any INDIs that have been converted. Could some kind soul post a version of 123patternsv6 that works with the new version of MT4. Unfortunately as I am not the thread originator I can not edit the first page to include any modifications to the indicator or method. Perhaps we should start a new thread, that way we could put every thing on the first page where it can easily be found by any new Trading Nomads. What would would we call the new thread? My trading style...
That's great Idea to have anew thread and have all the tools in it, you may call it , Dee's Method, OR Hybrid or give it a catchy name like :Beat the Market...
  • #1,160
  • Mar 14, 2014 11:14am Mar 14, 2014 11:14am
Seconded
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