Plan the Trade

out all day with wife traded first 30 minutes because of oil inv or I should say first 15 since market is closed on Friday. I see I never posted chart these were the ones I posted this morning

This (red) looks like a decent long trade entry?, may not have filled and probably would have ended break even though

Your a star ....appreciated. Thanks

Morning Chaps , I watched the Div Video and he mentions 123 and 2b , but I still don't understand what they are , I'm very interested in this stuff as it is right in line with my studies these last 12 months S&D, Volume Price Anal - VSA & Stuff , market mechanics and the'Why' behind what happens , I'm not keen on any indicators using the VPOC and Volume profile on my Oil charts . The 'Thrust Bar' is something I got to know already I know it as an 'imbalance bar' (same thing possibly) as it highlights a stronger commitment by someone (imbalance ) and reveals someone with clout and orders he may still have to fill as that price returns to that level (orderflow) also involved in my studies) and it's importance of trapping traders below or above activating the liquidity of their stops to fuel our direction of our intended trade . So I'm right into this stuff already but don't understand the basics of your 123 & 2B terms , I sort of guess it's to give a clue to trend change which interests me. This stuff ties in with my extensive studies of these Market mechanics , so please be patient with me please if you can whilst I get up to speed with your basic stuff. Some direction on learning the basics would be much appreciated, so I can hopefully get more involved with your great work here and hopefully contribute later , even if it's only supportive . In particular I need to understand what a 2b is and what a 123 is and how you apply them. One question: I try to trade oil futures using 1m time frame 2pm London, the open of NY pit session till 5pm close London time , what time frame and instrument is that Div trades is it a emini and the time frame ? I am happy to work hard and research , just like to do it the quick and smart way , your help with this mucho appreciated guys , thanks

Morning CG your quote post 8 in this thread: 'I do not claim to be a hotshot trader. I make mistakes all of the time. This is not a $1k to $10k in a month thread. Simply sharing and recording what works and what doesn't, but imo, the simplest method is too determine a trend by HH/HL (or LL/LH) combo's, look for a pullback and join the trend.' Can you possibly point me in the right direction where this has been discussed by you guys so I can get up to speed on it please , I would like to understand this concept more thanks

nelson a 123 pattern is when price is trending making higher highs and higher lows and then it doesn't make a higher high then it takes out last higher low that's a 123 break you then take pullback at point 3 area. a 2b is where it does same thing but last high takes it out by a few then it takes out last higher low just like a 123 pattern. that's why I said a 2b is a broken 123 pattern because it took out high by a few

Divergence, thanks for the kind explanation.

While the video is really helpful, it took me awhile to see the actual set ups being shown in it. Maybe the Sierra Chart "cross hair" or value tool he is moving around is not super easy to follow. I had to look at charts here and then go back and watch the video a couple more times to see which candles were being described . . . Its worth watching again after you see the set ups on some snap shots of charts. And then, of course, watching it happen in real time . . . (Just my 2 cents).

well was able to grab 3 stopped after last +1

Ok i was doing video and like an idiot didn't click play but did an after market one showing what I did and showing 123 and 2b setups I also used the pointer so it would be clearer give me 10 minutes uploading to YouTube and I will post links

Hi Nelson, as Div has explained...

A 123 or 2B will occur at trend change levels and is the basic requirement to call a trend once point 2 is breached, (HH/HL/HH) or vica versa.

A 123 is also the easiest way to get back into the underlying trend after a pullback, so it is all about matching the size of the 123 and set-up to the scale that you are looking to trade;

thanks CG your drawings are sometimes better than my videos lol

just got back to even:

Thanks for the time you invest!
As tomorrow is a holiday, hope everyone has a good Easter weekend. -Jason