Predator FX58- HTF/MTF 123

Greetings to all Caspers, System Snatchers-
Rules:

1. If you have nothing good to say, keep it to yourself,
2. If you have something good to say or show, please share.

This is a Reversal and Continuation Strategy- I tried this one blindly but guess what it brought good profits for a good set of trades one after the other, then trying to understand why it was happening was when things had turn, i then tried too hard i believe. Nonetheless, i still share in hopes that this success will eventually be revealed for what i had experienced.

Yes i hope through this journey we will help each other reach a recurring profitable system. Through my threads, nothing completely new however I always add a little twist Though.

So i will post some pictures just to start off.

My prefered time-frame is h1 and above, More pips to fellow faithful traders and coders.
I have an E.A. too not working for me, has several errors and would be excellent if someone can correct it so we can really see it work.

CADJPY LIVE TRADE-= it was taken with a different strategy though.
These lines up with this 123 Indicator.
#3 in the indicator should not pass above or below #1 or the trade should be cancel.

When i was doing binary option trading that time i used this strategy .From profitf.com.i think this is good and simple statergy to use for lower frame scalping.

I will post more on systematic rules...Tomorrow hopefully, its now 01:21AM, Gonna be a long day tomorrow.

I don't mind you sharing, i did binary too... This can be done for them both forex and binary once the rules are there, Could you expound on how you had approached it. I will reply as soon as i wake up. Throughout the day

Be careful of the file that has the number 7.

Hi! Could you explain tipical use or each file? Thanks!

So you're buying at the top and selling at the bottom. Reverse your criteria and You have a winner.

I have pictures of other trades from April which would be conducive for this month to see the accuracy of the signals. These signals were weekly and monthly, more relevant for long term.

The aim will only be looking to see what were the differences between trades that had reversal at 38.2;50;61.8 versus taking trades at the break of #2 (100 fibs) what would be the ideal take profit.

When I was trading it, some would go past 161.8, 138.2, 261.8 and 400+ that is four take profits. I had almost left the idea alone but it was too simple and could really be nice for new traders until they get understanding of how the market operates.
So now that I finally started the thread, it is for this same reason I seek your help and attention to make it happen.
Everyone is concerned about stoploss and take profit zones, the most important to me is entry. The method of 123 is really intertwined in all my trading. 123 allows for buying at the low and selling at the high when the trend takes a break and is ready to start again.

My case is that I could not get the true alerts for a true Mtf scenario, just same chart timeframe. So I have hopes that probably someone will be able to make this indicator with dashboard to state which timeframe has a setup or send comments to show which timeframe, as a start. The method can grow your account rapidly when understood in a completely logical and systematic way.

Explanation and rules will Start:
These are self explanatory images, will put in words as well.

http://www.profitf.com/binary-option...trategy-60sec/

This is one of the reversal and continuation strategies that can be used to trade the financial market can be based on the Fibonacci 1-2-3 pattern. No matter where the markets move, there will always be a trade. There will always be market reversals when the fundamentals are present. The data release can either cause reversals or push the previous trends to continue. The 1-2-3 reversal pattern is designed this unique way to capitalize on such market reversals or continuation long before they occur. This is an advantage for the trader, so that at the time of the reversal, you would already be in the trade or patiently waiting to pull the trigger.
The 1-2-3 reversal strategy depends on the trader being able to:

1. Recognize a setup for a market reversal.
2. Convert the setup into profits.

The Strategy
This Pattern indicator identifies the 1-2-3 movement of the price action on the present chart. For identifying the trend on a longer or medium-term scenario we should look to the 4hr- monthly chart. These high timeframes provide the necessary room for deep analysis. For every day trading though the H1 to 4-hr chart can also be used as a good alternative. Remember these patterns on the charts will be used for trend identification and possible reversals. True market reversals are predicted from the true trend being broken through news data release or key resistance and support levels.
For greater results the smaller time frame charts, will only be good for entry, since they do not show the true trend as they only reflect intraday market movements otherwise known as noise.

TREND Identified

Once the trend is identified by higher timeframe analysis, otherwise known as the top down approach or eagle eyes. The next step is to identify the 1-2-3 pattern when it occurs, which we have the MTF indicator. What we are in true need of is the “real aspect of multi time framed outlook” through dash board or comments. Note well new traders that the “1-2-3” sequence is the move the price action makes prior to the reversal or continuation of a trend being HH, HL, LH & LL.

The markets price action moves in the trend or against it and either finds a strong resistance at round numbers,major levels, previous highs. This will be where price has found a strong support or resistance, this usually occurs at point "1" of the 123 pattern. Then moves in the opposite direction as a retracement to point 2, then moves back in the initial trend direction to a point 3 which represents a Fibonacci retracement level of a line being 1 to 2. It is now left up to the markets price action moves after 3 to cross level 2 and not level 1 which cancels the signal. This now will be considered the reversal or continuation mode from point 3, taking out a key level of support or resistance formed by point 2 in its direction like a raging bull.

So now it is our mission to locate the identification of the 1-2-3 setup:
You need a trend line tool to draw the line from point 1 to 2.

1. As a trader/ investor you need the Fibonacci retracement tool to identify the 38.2%, 50% or 61.8% retracement of a line drawn from point 1 to 2, which is lower than point 1 in an uptrend and higher than point 1 in a downtrend.

1. The retracement level is point 3.

Ok i have seen it elsewhere though but my problem was not seeing the signals while waiting, I was using Binary.com which you can set any expiry, or even start time. They also use api, which would enable us to take a trade on mt4 while sending the signal to binary broker simultaneously.

As Time goes by i will post a Word document or pdf so it can be edited as we go along as the manual, this is going to work, i am looking forward to it. I will be busy most of the day but i will surely reply today.

Blind trades that were taken, yes since year...Take a look now... It can be done and will be done. Subscribe and show your true interest, do your research, back testing and hopeful forward testing to the new week coming up.

Now i begin to target those who did the pole from my other thread, i cant wait to add the updates to that.

Cheers. There's one indicator that shows previous 123's. Probably version 6.

wow new thread! Good luck pal!, Subscribed as well!

Good job!
I very curious to try it...

If I anderstand main indicator is 1-2-3 Pattern MTF v3.1 (1)

What is for the other one: 123PatternsV7 Alerts?

Also the other file are ea potential candidates, right?

Thanks and good luck!!

My idea sleeve is pretty long and I just pulled the buttons for the First time on FF. So buckle up as we aim to concor the world. Lol but on a real though each man and woman is responsible for their future and need to make effective decisions. Especially with finance, health and wellness, all in all to maintain wealth.

Our generation to come will benefit from our work. Remember the next thread is just warming up.