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  • #9,421
  • Nov 25, 2018 3:28pm Nov 25, 2018 3:28pm
Quoting Divergence
Here's pdf of 123s what I call a 2b is a broken 123 pattern where point 3 takes out point 1 then price takes out 2 point with no pullback {image}
Thanks for info Divergence, I will read this document as soon I get some time. I trade 4h and I use 123 pattern with direct entry at 2 in trend. If here is not an clear trend i use 123 with a 4h closed breakout candle from 2. By the way, where do you put your entry when using 2b.

Regards

Paal
  • #9,422
  • Nov 25, 2018 3:46pm Nov 25, 2018 3:46pm
Quoting kirinda
{quote} Thanks for info Divergence, I will read this document as soon I get some time. I trade 4h and I use 123 pattern with direct entry at 2 in trend. If here is not an clear trend i use 123 with a 4h closed breakout candle from 2. By the way, where do you put your entry when using 2b. Regards Paal
Point 1 candle
  • #9,423
  • Nov 26, 2018 12:53am Nov 26, 2018 12:53am
Quoting Divergence
Here's pdf of 123s what I call a 2b is a broken 123 pattern where point 3 takes out point 1 then price takes out 2 point with no pullback {image}

Thank you very much, I will try to read it. Pro team here.
  • #9,424
  • Nov 26, 2018 1:13am Nov 26, 2018 1:13am
For information, in Europe, this way of trading (the law of graphics), is totally unknown!
We are sold crap with indicators magic formula etc etc ... Shit!I attended several meeting of traders, each time it's pure madness: that Christmas tree graphics ...
  • #9,425
  • Nov 26, 2018 1:50am Nov 26, 2018 1:50am
Quoting Nik-Nyc
{quote} Hi Div, Glad you enjoyed it. I should have also emphasized that the single most critical component effecting profitability of the algo designed based on your system was the 123 & 2b logic. Almost all the other components can be tweaked and changed without major differences to the bottom line. It all starts with 123/2b, so everyone should focus their attention there.
Thanks Nik (again). the 123/2b is the one even I struggle with (not conceptually but because they happen so fast and wicks are so close to each other on a 30 second chart, it gets confusing and most of the time I lose patience with measuring candles etc). If you can assist us in developing a "visual aid" study, that in itself would be a huge win for those who are struggling out here. Even the PDF that harold shared has some minor tweaks.
Staying in my lane...
  • #9,426
  • Edited 2:16am Nov 26, 2018 2:02am | Edited 2:16am
Quoting Nik-Nyc
Hi V, The last thing this thread needs is a discussion on algorithms/ea hijacking the healthy discussion. Therefore i will answer your questions in this singular post, also because i think there might be some overall benefit to all traders. First of all, the automation of Harolds system was an excersice i assisted a talented programmers who was looking for a worthy system to automate. While his development proficiency is great, his market mechanic knowledge was at a beginners level, and so my involvement was in helping dissect harold's system in...
Fair enough. I would still like to understand the order flow mechanics or "footprint" that will indicate or measure or simulate a strong/weak move in price. I think that is essential for us to understand. The secret lies in this element and could be a very powerful validation tool. I have traded momentum for many years and I could not find anything come close to my eyes and "feeling" the speed of price movement. Everything lagged in MT4 or FXCM so I had to use a lot of screentime just to be very good at catching these moves (as good as taking 30-40 rapid trades in 30 mins across 6-7 pairs). I am practicing similar technique and taking quick 5T scalps on NQ 4-5 times in a row is literally effortless (unfortunately with no SL because every setup I have tried with move to BE within 20 Ticks in profit, BE trades are quickly taken out to the point that I am quickly becoming a non-believer in BE trades for NQ. I have always been a believer of "Move SL to Average BE" in theme with my trade small, trade often mantra but cannot do that with NQ :-(

EDIT: Perhaps, you can tell me what is the right trigger to move SL to BE? Either in distance or timeframe or tick/volume chart or bid/ask delta or whatever works across all your automated strategies.If I am to move BE at 12T profit, I am better off taking BE+6 and get several rapid consecutive wins and get done for the day :-

EDIT1: Like this trade I took in under 15 seconds !
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Staying in my lane...
  • #9,427
  • Nov 26, 2018 4:24am Nov 26, 2018 4:24am
Quoting VEEFX
{quote} Fair enough. I would still like to understand the order flow mechanics or "footprint" that will indicate or measure or simulate a strong/weak move in price. I think that is essential for us to understand. The secret lies in this element and could be a very powerful validation tool. I have traded momentum for many years and I could not find anything come close to my eyes and "feeling" the speed of price movement. Everything lagged in MT4 or FXCM so I had to use a lot of screentime just to be very good at catching these moves (as good as taking...
Have you now left 2B and 123 trading, as per original poster, behind?
every Saint has a past. Every Sinner has a Future
  • #9,428
  • Nov 26, 2018 7:58am Nov 26, 2018 7:58am
Hope everyone has a great week. Decent price movement through the Euro session so let's hope it continues in the US session.

As Al Bundy says..... "Let's rock!"
  • #9,429
  • Nov 26, 2018 8:58am Nov 26, 2018 8:58am
One of those be +1 days as it trickles up
  • #9,430
  • Nov 26, 2018 9:13am Nov 26, 2018 9:13am
+2 on the 123 breakout at 6653.75. It went to +40 after hitting my SL.
  • #9,431
  • Nov 26, 2018 9:31am Nov 26, 2018 9:31am
just no follow threw today oh well tomorrows another day
  • #9,432
  • Nov 26, 2018 9:36am Nov 26, 2018 9:36am
Yep, 'Orrible -5 (from 18).

Edit: some shit just happened... Double spikes etc.
'in less than half an hour he made over 100 ticks'
  • #9,433
  • Edited 2:05pm Nov 26, 2018 9:50am | Edited 2:05pm
interesting..

i say it'll break upwards sooner or later..we'll see

Attached Image (click to enlarge)
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well it did pop..
  • #9,434
  • Nov 26, 2018 10:09am Nov 26, 2018 10:09am
Attached Image
  • #9,435
  • Nov 26, 2018 10:09am Nov 26, 2018 10:09am
+16 with 4 trades. 3x BE and 1x a +10.

Looks like there was another 123 reversal just before 11.00.
  • #9,436
  • Nov 26, 2018 10:40am Nov 26, 2018 10:40am
Quoting magnumfreak
{image}
Look like all the big boys are busy shopping on Amazon lol
Any idea how will she react to any data coming out of Black Friday or Cyber Monday? I think she will blow upward in a heartbeat with any minor positive news.
Staying in my lane...
  • #9,437
  • Nov 26, 2018 10:53am Nov 26, 2018 10:53am
Quoting VEEFX
{quote} Look like all the big boys are busy shopping on Amazon lol Any idea how will she react to any data coming out of Black Friday or Cyber Monday? I think she will blow upward in a heartbeat with any minor positive news.
Best guess... and it is just a guess. Black Friday will disappoint based on how the wife described it locally. She indicated that she felt like it was far fewer people than last year. I think mostly because there were so many good deals online for Black Friday. Cyber Monday will generate some good numbers. The one thing that may kill Cyber Monday is lack of supply. There are a few components that I need to finish a couple of computers that are Christmas gifts but right now the parts are out of stock. One component I need is currently limited to one per household and out of stock so I am looking for other sources. Computers don't run too well without CPU's. LOL!

She will definitely be sensitive to the numbers. It will be something to watch for whenever the numbers come out.
  • #9,438
  • Nov 26, 2018 11:12am Nov 26, 2018 11:12am
Quoting magnumfreak
{quote} Best guess... and it is just a guess. Black Friday will disappoint based on how the wife described it locally. She indicated that she felt like it was far fewer people than last year. I think mostly because there were so many good deals online for Black Friday. Cyber Monday will generate some good numbers. The one thing that may kill Cyber Monday is lack of supply. There are a few components that I need to finish a couple of computers that are Christmas gifts but right now the parts are out of stock. One component I need is currently limited...
Agree on poor Black Friday print but for NQ, I think Cyber sales will be more important. We just need a good 50T spike to meet our daily income goal lol

Damn, I can picture Harold sitting on my shoulder and knocking my head to think "daily income/daily income/daily income" LOL
Staying in my lane...
  • #9,439
  • Nov 26, 2018 11:16am Nov 26, 2018 11:16am
Got bored with work and started picking at the scab a la Tim Morge...

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'in less than half an hour he made over 100 ticks'
  • #9,440
  • Nov 26, 2018 11:31am Nov 26, 2018 11:31am
Quoting VEEFX
{quote} Agree on poor Black Friday print but for NQ, I think Cyber sales will be more important. We just need a good 50T spike to meet our daily income goal lol Damn, I can picture Harold sitting on my shoulder and knocking my head to think "daily income/daily income/daily income" LOL
If it ain't there it ain't there no use fighting the market punch out no ot today
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