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  • #11,661
  • Apr 1, 2019 11:56am Apr 1, 2019 11:56am
Quoting Divergence
both those trades no 123s
Thanks a lot for the feed back Divergence, I really appreciate.

This is what I saw in the next 2 posts for trade 1 and trade 2:

Trade 1 (please see chart below for better visual):
When “live”, I actually saw a 2bs then a 123s (where I took the entry and the loss), whereas watching it again now, I wonder what I had “smoked” because there is clearly nothing like a 2bs anywhere around.
I see now that I completely screwed up!!!!!

Watching it now, I see a 123s (change of trend) from the top, where the “correct” entry was.
As I posted this morning, I actually had an order here as well when the price came back but it was “missed” by a tick (78.50 whereas I was at 78.75).

Please do not hesitate to correct me again, if what I think was the “correct” entry is actually not a 123s either.
If it is the case, then I would really need to get back to your charts, as it would be confirmation that I don’t get at all what is a 123s (which is very possible...).
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  • #11,662
  • Apr 1, 2019 11:57am Apr 1, 2019 11:57am
Trade 2:
in that case I saw a 123s, and I still see a 123s now, as we clearly have a LL(1), then LH(2), then HL (3) and HH (the break). It is why I took the trade when price came back, even if I would have loved the HH from 15 or so candles before to be taken out

Same again here, if you have the time, please do not hesitate to let me know that it is actually not a 123s at all.

Once more thanks a lot for your time and all your advices in that thread, and no worries if you don’t have time to answer back to these posts.

Cheers,
J-F
Attached Image
  • #11,663
  • Apr 1, 2019 12:11pm Apr 1, 2019 12:11pm
Quoting J-f
{quote} Thanks a lot for the feed back Divergence, I really appreciate. This is what I saw in the next 2 posts for trade 1 and trade 2: Trade 1 (please see chart below for better visual): When “live”, I actually saw a 2bs then a 123s (where I took the entry and the loss), whereas watching it again now, I wonder what I had “smoked” because there is clearly nothing like a 2bs anywhere around. I see now that I completely screwed up!!!!! Watching it now, I see a 123s (change of trend) from the top, where the “correct” entry was. As I posted this morning,...
this one is correct
  • #11,664
  • Apr 1, 2019 12:13pm Apr 1, 2019 12:13pm
Quoting J-f
Trade 2: in that case I saw a 123s, and I still see a 123s now, as we clearly have a LL(1), then LH(2), then HL (3) and HH (the break). It is why I took the trade when price came back, even if I would have loved the HH from 15 or so candles before to be taken out Same again here, if you have the time, please do not hesitate to let me know that it is actually not a 123s at all. Once more thanks a lot for your time and all your advices in that thread, and no worries if you don’t have time to answer back to these posts. Cheers, J-F {image}
the second one is incorrect those candles were just inside bars of point 1.i like each bandle to be completely overlapping the next candles. Also point 2 cant be both 2 and 3 hope i explained it clearly
  • #11,665
  • Apr 1, 2019 3:17pm Apr 1, 2019 3:17pm
Quoting Divergence
the second one is incorrect those candles were just inside bars of point 1.i like each bandle to be completely overlapping the next candles. Also point 2 cant be both 2 and 3 hope i explained it clearly
Yes, even if I clearly need to work on it (my own problem, not the clarity of your explanations) I think it is explained well, thank you very much:

A- you woud like the candle that created point 1 (say HH in an up trend), to be over taken by the final candle that is creating point 2 (HL in our up trend exemple)
B- same, you would like the candle that created point 2, to be over taken by the candle that is creating point 3 (LH in our exemple indicating the possible change of trend when point 2 is then taken out)
C- you would like more than one candle between point 1 and point 2, and same between point 2 and point 3 (a same candle can't create point 1 and point 2, nor point 2 and point 3)

In my understanding, perfect exemple of this would be the first 123s from this morning:
candle from point 1 is overtaken on the 3rd candles that creates the point 2 (point A and C from above). Then 2 more candles to create the point 3 overtaking the very candle that created the point 2 (point B and C from above), then another candle takes out point 2 with "thrust bar".

Anyway, your explanation is very clear.

To try to hammer it in more, I will go again to your last video, to see again the set up exemples you take.

Thanks a lot for your explanations, and time.
Cheers,
J-F
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  • #11,666
  • Apr 1, 2019 3:48pm Apr 1, 2019 3:48pm
Quoting J-f
{quote} Yes, even if I clearly need to work on it (my own problem, not the clarity of your explanations) I think it is explained well, thank you very much: A- you woud like the candle that created point 1 (say HH in an up trend), to be over taken by the final candle that is creating point 2 (HL in our up trend exemple) B- same, you would like the candle that created point 2, to be over taken by the candle that is creating point 3 (LH in our exemple indicating the possible change of trend when point 2 is then taken out) C- you would like more than...
perfect j f
  • #11,667
  • Apr 2, 2019 7:28am Apr 2, 2019 7:28am
Quoting Divergence
{quote} i 've tried that market awhile ago it just doesnt move to much volume
Plenty of volume trades the ES. The problem, I think you mean, is that in terms of average daily range, it moves far fewer ticks than either the YM or the NQ. For example, The NQ can move 40 ticks in just a few minutes. The ES may take all day some days and barely make it 40 ticks from one end of its range to the other. Tick value is different, which makes up for it. One ES tick = 2.5 NQ/YM ticks, so you do not need the same movement in ticks to make a decent profit. 10 ES ticks = $125, whereas NQ must move 25 ticks to make the same $125 change in value per contract.

I am going to start a journal tonight where I will go over my ES trades for the day. My intention is to do a short duration journal. I will cover only the next 20 ES trades, whether that takes a day or two weeks (it will be more than a day). I am doing it as a separate journal from this because I do not want to distract from the good work being done here to explain and demonstrate Harold's use of the 123 and 2B on the NQ. Also, it gives me a way to demonstrate Mark Douglas's trading exercise while keeping all posts in one place without a lot of unrelated material in between.
  • #11,668
  • Apr 2, 2019 9:36am Apr 2, 2019 9:36am
3 +1's for me:

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Become the casino
  • #11,669
  • Apr 2, 2019 9:37am Apr 2, 2019 9:37am
tough day in the neighborhood +10 nq and the ym 123
  • #11,670
  • Apr 2, 2019 9:51am Apr 2, 2019 9:51am
ras heres the 123 on the ym
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  • #11,671
  • Apr 2, 2019 9:51am Apr 2, 2019 9:51am
Quoting Divergence
tough day in the neighborhood +10 nq and the ym 123
Very choppy AM sessions the past three days. Still waiting for a first set up on the ES. Could be getting close to something in the next 30 to 60 minutes. ES often makes three attempts either down or up before turning to trend the other way. Right now on the RTH chart it has made two attempts down and is in the process of the third. The market is not making it easy the past few days, that's for sure. 90 minutes in and nothing that fits my plan.
  • #11,672
  • Apr 2, 2019 9:55am Apr 2, 2019 9:55am
Quoting ddaytrader
{quote} Very choppy AM sessions the past three days. Still waiting for a first set up on the ES. Could be getting close to something in the next 30 to 60 minutes. ES often makes three attempts either down or up before turning to trend the other way. Right now on the RTH chart it has made two attempts down and is in the process of the third. The market is not making it easy the past few days, that's for sure. 90 minutes in and nothing that fits my plan.
some times ranging markets are good supply down demand up
  • #11,673
  • Apr 2, 2019 9:56am Apr 2, 2019 9:56am
Anyone following along who has access to a 5 minute ES that plots only NYC hours should be able to see the potential makings of a little "Head and Shoulders" bottom. This doesn't mean the market is ready to go on a tear to the upside, but it does increase the odds that a long trade might be worth 3 or 4 points if a set up occurs. The problem is that it also has a three push down target down about 6 or 7 points in the 62-64 area.

Tough day ... sit and watch.
  • #11,674
  • Apr 2, 2019 10:01am Apr 2, 2019 10:01am
here's a 123 to get back into trend on a 512 tick chart
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  • #11,675
  • Apr 2, 2019 10:25am Apr 2, 2019 10:25am
Quoting Divergence
ras heres the 123 on the ym {image}
top work Harold .. pb candle was inside bar on my chart
Become the casino
  • #11,676
  • Apr 2, 2019 10:34am Apr 2, 2019 10:34am
Quoting ddaytrader
Anyone following along who has access to a 5 minute . . . The problem is that it also has a three push down target down about 6 or 7 points in the 62-64 area.
62 it was . . .
  • #11,677
  • Apr 2, 2019 1:12pm Apr 2, 2019 1:12pm
Quoting bapakjason
{quote} 62 it was . . .
That would have been the one trade I'd have made today but I let myself get wrapped up in Divergence's posts and the next thing I know there it was ... I placed a limit order to get in in a retrace but it never came back. I was going to use a method that is best in trending markets, but since we have had so many of these back and forth days lately, I decided to change it up a bit. I'm going to use a method that should get us some opportunities on both range days and trend days. I've been marking up a chart since I made that decision about an hour ago lol and when I start the journal sometime tonight I will basically just be showing the set ups that I''ll be looking to trade for the purpose of the journal, and first day of trading will be tomorrow. I will trade everyday from 9:30 AM to 11:30 AM Eastern US time. If I have the focus in me I will go longer. I'll probably put a daily profit target on it as well, for example, once $200 stop trading for the day. Also, once -$200 stop trading for the day.
  • #11,678
  • Apr 2, 2019 1:37pm Apr 2, 2019 1:37pm
Quoting ddaytrader
{quote} That would have been the one trade I'd have made today but I let myself get wrapped up in Divergence's posts and the next thing I know there it was ... I placed a limit order to get in in a retrace but it never came back. I was going to use a method that is best in trending markets, but since we have had so many of these back and forth days lately, I decided to change it up a bit. I'm going to use a method that should get us some opportunities on both range days and trend days. I've been marking up a chart since I made that decision about...
looking forward to it
  • #11,679
  • Apr 2, 2019 4:30pm Apr 2, 2019 4:30pm
Hi Div, would you be kind enough look at this , are my 123s marked correctly?
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  • #11,680
  • Edited 8:23pm Apr 2, 2019 5:12pm | Edited 8:23pm
yes namakan
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