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Plan the Trade

  • #5,541
  • Mar 29, 2018 10:00am Mar 29, 2018 10:00am
Quoting bapakjason
{quote} Thanks for the time you invest! As tomorrow is a holiday, hope everyone has a good Easter weekend. -Jason
was it clearer with the pointer
  • #5,542
  • Mar 29, 2018 10:11am Mar 29, 2018 10:11am
Quoting The Cableguy
{quote} 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; {image}
Thanks for your explanations also CG. Good stuff!
  • #5,543
  • Mar 29, 2018 10:12am Mar 29, 2018 10:12am
Quoting Divergence
{quote} was it clearer with the pointer
I think so. Appreciate that. Just a matter of nailing the entries in real time now
  • #5,544
  • Mar 29, 2018 10:21am Mar 29, 2018 10:21am
Quoting Divergence
{quote} was it clearer with the pointer
Great video as usual. Pointer made it much easier to follow.
  • #5,545
  • Mar 29, 2018 10:40am Mar 29, 2018 10:40am
..H, would you mind sharing your thoughts on this long entry you took on Tuesday - it would have completely escaped me trading this live, i think..
Attached Image
  • #5,546
  • Mar 29, 2018 10:46am Mar 29, 2018 10:46am
That candle was a pullback forming a 123 it broke and I took pullback
  • #5,547
  • Mar 29, 2018 11:23am Mar 29, 2018 11:23am
..thanks - helps to understand the more 'nuanced' entries.
  • #5,548
  • Mar 29, 2018 11:27am Mar 29, 2018 11:27am
123 breaks are always taken on the pullback to point 3 candle
  • #5,549
  • Mar 29, 2018 2:26pm Mar 29, 2018 2:26pm
just got 2 nice ones :

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 97 KB
Become the casino
  • #5,550
  • Mar 29, 2018 2:28pm Mar 29, 2018 2:28pm
Quoting Divergence
{image}
thanks for this Harold .. looking back through today with this in mind .. totally changes trade signals i'm looking at .. much appreciated
Become the casino
  • #5,551
  • Mar 29, 2018 2:32pm Mar 29, 2018 2:32pm
Quoting bapakjason
{quote} Thanks for the time you invest! As tomorrow is a holiday, hope everyone has a good Easter weekend. -Jason
Happy Easter Jason
Become the casino
  • #5,552
  • Mar 29, 2018 2:45pm Mar 29, 2018 2:45pm
Quoting erasmus66
just got 2 nice ones : {image}
2 beauties ras good Easter to all
  • #5,553
  • Mar 31, 2018 11:53am Mar 31, 2018 11:53am
Hi Chaps , Div & CG thanks so much for spending the time with your explanations regarding my 123 and 2b queries , I'm just back at my desk after attending a wedding for a couple days , intend to go through your explanations this evening , many thanks again .
  • #5,554
  • Mar 31, 2018 1:38pm Mar 31, 2018 1:38pm
Hi Guys re 123 , I'm on the right track with this first go ?


Attached Image
  • #5,555
  • Mar 31, 2018 2:03pm Mar 31, 2018 2:03pm
Quoting Divergence
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 {image}

Hi CG thanks for your chart , can you just confirm the entry level you would be looking at on this type of setup please
Attached Image (click to enlarge)
Click to Enlarge Name: 31st CG chart.png Size: 92 KB
  • #5,556
  • Edited 5:37pm Mar 31, 2018 3:40pm | Edited 5:37pm
Quoting NelsonEddy
Hi Guys re 123 , I'm on the right track with this first go ? {image}
On first chart where you have number 2 it connects with your b since 123 broke that was the pullback then the 123 on top to short the pullback you have correct also
  • #5,557
  • Mar 31, 2018 3:40pm Mar 31, 2018 3:40pm
Second chart was also correct good job
  • #5,558
  • Mar 31, 2018 5:13pm Mar 31, 2018 5:13pm
Quoting Divergence
Second chart was also correct good job
Ok cheers , looking forward to this thread.
  • #5,559
  • Mar 31, 2018 5:42pm Mar 31, 2018 5:42pm
More Practice on your posted charts.
Attached Image (click to enlarge)
Click to Enlarge Name: 31st trade 1 to 3.png Size: 27 KB
  • #5,560
  • Mar 31, 2018 5:44pm Mar 31, 2018 5:44pm
The number 4 trade , is this correct the #1, I placed on the chart ? Apologies if this is stuff you guys have shown already.
Attached Image (click to enlarge)
Click to Enlarge Name: 31st trade 4 trade.png Size: 21 KB
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