123 Method by lgtj | Page 11 | Forex Factory

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123 Method by lgtj

  • #201
  • Nov 10, 2010 7:34pm Nov 10, 2010 7:34pm
Hi LG, No action for a while think i'll post some charts.
Are you considering taking this trade?
Weekly and daily are in agreement and 4h looks like it might be turning up on a daily 123.
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Nick
  • #202
  • Nov 10, 2010 8:35pm Nov 10, 2010 8:35pm
Quoting 555ngone
Hi LG, No action for a while think i'll post some charts.
Are you considering taking this trade?
Weekly and daily are in agreement and 4h looks like it might be turning up on a daily 123.
Hello 555ngone and welcome. Although the weekly and daily are in buy mode, I would wait because the daily macd is showing weakness at the moment. The 4H macd is in sell mode and the 4H 21 sma is pointing down. I expect price to fall toward the 50% fib and the daily trend line. If price reaches these areas, then I would wait to see if the uptrend resumes from there. But for now, I'm on the sidelines with this pair.
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  • #203
  • Nov 11, 2010 6:15am Nov 11, 2010 6:15am
HI FRIENDS
GBP-JPY ( W1-D1-H4) and CHF-JPY (M1-W1-D1)
SALUDOS
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  • #204
  • Nov 27, 2010 8:44pm Nov 27, 2010 8:44pm
Hi, LGTJ. I read this thread over the last few days and I really like its simplicity. (Hope you are still monitoring and posting to it!) I am going to start back testing next. I have also read your thread on the Weekly Trend system, and done some back testing, which was very successful so far.

My question is this: Do you still trade the Weekly method, even while you are posting and trading this method? Or did you drop the old method in favor of 1-2-3? Basically, do you trade multiple methods simultaneously? Trading one method while testing others is obviously important. But I would think that actually trading multiple methods could get confusing and/or conflicting.

I would be very interested to hear your thoughts on this.

 Thank you for the work you are sharing in these forums! This is the nearest thing to having a personal mentor. God bless you!
Luck occurs when preparation meets with opportunity.
  • #205
  • Nov 29, 2010 2:29am Nov 29, 2010 2:29am
Quoting AlienFrog
Hi, LGTJ. I read this thread over the last few days and I really like its simplicity. (Hope you are still monitoring and posting to it!) I am going to start back testing next. I have also read your thread on the Weekly Trend system, and done some back testing, which was very successful so far.

...
Hello AlienFrog and welcome. No, I don't trade with the weekly trend trading method anymore. However, I do trade two other daily methods along with this one. For example, this method is not effective at the moment because the market is changing. But my other two methods are very effective. It's not confusing or conflicting to use several methods as long as you recognize what price action is showing you.
  • #206
  • Nov 29, 2010 3:51am Nov 29, 2010 3:51am
Quoting lgtj
No, I don't trade with the weekly trend trading method anymore. However, I do trade two other daily methods along with this one. For example, this method is not effective at the moment because the market is changing. But my other two methods are very effective. It's not confusing or conflicting to use several methods as long as you recognize what price action is showing you.
That makes sense. I was thinking of comparing two methods as a further means of confirmation before entering a trade, but that is really the same as recognizing price action.

May I ask what are your other daily methods? Do you write about them on FF?

Thanks!
Luck occurs when preparation meets with opportunity.
  • #207
  • Nov 29, 2010 5:06am Nov 29, 2010 5:06am
Quoting AlienFrog
That makes sense. I was thinking of comparing two methods as a further means of confirmation before entering a trade, but that is really the same as recognizing price action.

May I ask what are your other daily methods? Do you write about them on FF?

Thanks!
One method is based on divergence and the other is based on a 21ema channel. I have not introduced these methods yet because I'm still forward testing these methods "live". I'll introduce these methods at a later time.
  • #208
  • Apr 16, 2011 4:43am Apr 16, 2011 4:43am
Hi, enjoyed reading through this thread and love the simplicity of this method. Not much action her lately though. Wondering whether anyone is till using this method and finding success.

Thanks
  • #209
  • Oct 20, 2012 8:29pm Oct 20, 2012 8:29pm
Where's everyone here...no one trading this method again?...
God's Love For You Is Sure Never You Doubt It
  • #210
  • Nov 8, 2012 10:48am Nov 8, 2012 10:48am
hey friend please also attach your "TEMPLATE". I am counting on you!
  • #211
  • Nov 11, 2012 8:56pm Nov 11, 2012 8:56pm
Anyone still trading this method? I am backtesting it and forward testing it currently and it looks good. But I am unsure I am getting the steps in the right order.
Winners add to winning trades!
  • #212
  • Nov 12, 2012 11:32pm Nov 12, 2012 11:32pm
Hi,

Yeah, I try to trade this method, but still waiting for a entry signal. Takes a lot of time to find one ( on Daily chart ). Need rally a lot of patience ;-)

andreasa
  • #213
  • Nov 13, 2012 6:14pm Nov 13, 2012 6:14pm
So am I

My concern is that I see the buy on Weekly so I go to Daily and draw fib on recent lowest low to recent high and wait for retrace to finish around 50% line. Problem is that by the time the 50% is bounced off, the Weekly is now in Sell so does that make the whole setup cancelled?
Winners add to winning trades!
  • #214
  • Nov 14, 2012 3:18am Nov 14, 2012 3:18am
Quoting marshalmax
So am I

My concern is that I see the buy on Weekly so I go to Daily and draw fib on recent lowest low to recent high and wait for retrace to finish around 50% line. Problem is that by the time the 50% is bounced off, the Weekly is now in Sell so does that make the whole setup cancelled?
Which pair? Post a chart of the weekly and daily charts. Maybe I can help.
  • #215
  • Apr 23, 2019 4:32pm Apr 23, 2019 4:32pm
looking for a good and current, 1-2-3 thread, any suggestions?

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It takes a lot for me to IGNORE you, but you can try.
  • #216
  • Last Post: Nov 2, 2024 7:03am Nov 2, 2024 7:03am
GOOD MORNING, this thread of yours helps me a lot, could you post the current eur usd. Thank you
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