the key to the mint

hi all looks like the a/j c/j g/c g/j & the e/j all gave us good entries 2nite.i hope all made some good pips

andrew

Harold can you post your 1-2-3 pattern indicator,mine (from Barry Stander) has expired.

hi everyone let me say it again i dont use the 1 hour chart anymore i use the 15 min what i am looking for is for the market structure to come into line with daily trend. deepdunk i dont have a 123 indicator i put a zigzag on chart which you can find on mt4 i charged the 12 to a 6 on the setting its just there to give me a visual and nothing more sometimes theres a 123 within a 123 which would give us a better entry

Hello Traders,

Just trying to confirm the rules for daily chart. Do you use the Stochastic Indi.for trend and price above or below 200 EMA for trend or just 13RSI and 5 & 8 EMA's for trend direction?

Thanks in advanc for your input.....T-Wolf

hi harold4x,

the ema 200 you use is it the high,low,open or close???

thanks andrew

Ok To Clarify What I Am Doing Let Me Say A Few Things First. In The Business Of Trading There Is Constant Learning No Matter Who You Are. I Have Traded The Way I Have Shown You For Last 4-5 Years I Have Been Trading Now 8 Years. There Are Losing Months But Over All I Have Profited. With That Said I Never Just Put On Trades Based On The Indicators Only, That Would Be Financial Suicide. Why? Every Single Indicator Out There Barring None Lag The Price So You Are Getting Info Thats Old Not That You Cant Take That Info And Make Money With Its Just That Indicators Are Good And So Is Every Model Of Trading When The Market Is Trending But When Its Not Well Then You Have A Problem I Have Always Used Other Info To Make The Decision To Put On The Trade Whether Its Correlation Or Other Type Of Info. While Trading Last Month I Put On A Trade And It Turned Into A Loser For Some Reason I Had A 15 Min Chart Next To It So After The Trade I Analyzed What Could Have Went Wrong And When I Saw The 15 Min Chart Rsi In Ob/os Area And The Stoc Crossed The Other Way It Caught My Attention So I Began To Investigate Why This Is So. I Was Always Taught You Go From Higher Time Frames Down But That Might Not Be True. So Here Is What I Have Learned Over The Years. I Studied Elliot Waves But Never Understood All That Was Involved But New Enough About The Waves In The Market. I Also Studied The 1 2 3 Pattern Which Is Part Of The Elliot Wave Sequence I Also Studied Fibonacci But Was Never Comfotable As To Where I Entered But The Same Way I Found The Mint I Finally Have Put All The Info Into 1 Package Giving Me Very Important Info. Firstly The Only Leading Indicator Is Price It Proceeds Everything. Fibonacci It Not Predicting But Projecting. Its Not The Magic Wand What It Is Is What The Big Traders Already Know As To Where To Take Profits. Now Since The Ones Who Move The Market Know That Others Use Fibs, Ganns Etc They Can Use That Info To Direct Market To Take Out Stops So They Can Build Up Momentum. So How Does This Info Help Us? Well If The Daily Trend Is Up And Price Goes Down Intraday And Then Pullsback That Doew Not Mean We Have A Signal To Go Long. Heres Where The Market Makers Trap The People The Market After Correcting Starts To Head Down Again So People Jump Back In Only The Move Stalls And Heads Back Up So Everyone Is Bailing Out Of The Shorts Causing Momentum To Be Added To The Upside Taking Out The Swing Thats The 1 2 3 Or In Elliot Terms Wave 1 Wave 2 And Now Wave 3 Will Begin When It Takes Out Wave 1 Or In Our Casr #2 Of 1 2 3 Pattern. I Will Show You Charts At The End Of This. So Where Do The Indicators Come In? First We See Daily Trend Using The Gbpusd Its Up So We Are Looking Only For Longs So We See Where The Swings Are And When One Breaks And The Indicators Cross(most Of The Time They Do At This Point) We Have A Trigger To Go Long I Only Use The 15 Min Chart Now I Am Also Looking Into Maybe Replacing The Stoch With The Cci Set At 50 With A 0 Level Anyway Put It On The Chart It Cant Hurt. I Was Talking To A Trader And He Said He Hasnt Done Well All Week With The Gbpusd And After Showing Him This All 5 Days Were Winners. Now Heres The Really Good Point I Have Been Using The Fib Expansion Tool To Fine Targets At The 1.27 And 1.61 And 2 Levels The Risk To Reward Is 2-1 Or A Little Better At Time Which I Never Thought Could Be Done In Day Trading I Was Wrong. Also Put On Zigzag Indicator And Change It From 12 5 3 To 6 5 3 It Shows The Swings Better Its Just For Visual Nothing More Some Times Within The Zigzag There Is A 1 2 3 Pattern Which Could Get Us In A Little Better I Know This Is Long But Its Very Important

Thanks for ur update Harold. Pls correct me if iam wrong.

So now, u enter only after the swing is taken out that means the 2 point.

That means We may also miss the trade if the trend continues at point 2 and does't swing back. right?

And the tp is based on fib levels, how about the sl?.

How do u use the 200 ema?. Sometimes we don't see it in picture.

With 15 min chart, we may able to see more signals, can we take all?

Thanks for ur consistent help.

Everyone Of My Examples Is Showing You Are Trading With The Daily Trend So You Wont Miss The Trade The Stop Is Behind Point 3 Which Is The Last Swing I Just Have The 200 Ema Up There As A Visual If Price Is above And We Are In An Uptrend And We Get A Signal And 200 Ema Is There I Would Take Profit At It As For Taking Every Signal Remember We Are Entering After It Takes Out Swing And Let Say We Hit Target And Then Price Goes The Other Another Signal Might Form And Yes You Can Take That One Also Let Me Post A Chart And Show You

Thanks Harold for ur answer and patience. Let me clear my understanding.

For uptrend, if the price is below 200 ema, the target will be at 200 ema. Suppose if the price is above the 200 ema then target will be at Fib levels.

With this system, u still follow set and forget?.

or once first target is reached(first level of fib) lock the profit and let it run for 2nd target.

Is that 200 ema is close or open?

Thanks in advance.

You may want to correct this to read Post 3006.

Hi Harold, First your Nickname is going to be "King Harold".
Key to the mint is great.I have been demoing last
two weeks with the one hour method and got 12 in a row.
I know you changed to the 15 min. method. I am a
News Trader now for 2 years, have been doing good.
Have a few questions to ask.
When there's a News Release what do you do when you
have a signal? Do you wait til after the Release or don't
trade at all? The other question is can you show on a chart
where you put your Fibs clearly from what point to another
point for a down trend and up trend?
Have been doing a method a little like yours.
Have a 1 hour and 15 min. charts open.
Set a 200 ma.
MACD at 12-20-9.
Stoch at 8-3-3.
5 ma Exponential and 10 ma Simple
When both on 1Hr and 15min everything lines up 200ma
same direction, MACD crossed,Stoch. crossed, 5 and 10ma
crossed. From London time to London close only of course.
Maybe somebody can add to this the big dogs use this.
King Harold if you want to keep in touch by Email let
me know. Many Thanks King Pips.

ok here is a chart to show the where to put fib extention for targets. listen all we are doing is this we want to trade in direction of daily trend right so we want to make sure market is beginning to trend in the direction ofdaily trend indicators wont do that as good as price action so if we let market gives us the info by taking out a swing high or low and then the indicators cross when that happens you have a high probabilty setup

Hi Harold,

How are you defining the daily trend? For instance, the EUR has been in a strong up trend, if it has a corrective pullback and it last for 3-5 days and moves 150-200 pips lower than the current price would you just wait until the up trend resumes before taking another trade? How do you define a change in trend direction? I know it's easy to say look at the daily chart and if it's going up from left to right then it's an up tend but let's face it there are many pullbacks that would cost you money if you were in a long position.

i have defined the daily trend via the cross of the emas and the rsi cross in same direction past the 50 level here are 4 charts 4 different pairs only the gbpusd made target already but the others didnt form as yet so lets test this in real time together

possible trade setups for tomorrow. Long-gbp/usd : Short gbp/chf, gbp/jpy, eur/jpy. I think that by now everyone knows how to find the setups on the daily charts so after tonight I won't be posting them anymore. I'll still read and post and trade the "mint"- just not post the setups, it isn't needed anymore. good trading.

Hi Harold,

Put your method to the test on the Euro this afternoon and it worked like a charm. I'm using 2 zig-zags, one is non lag zig-zag and the other is standard on MT4. Both set to 6 periods. The non lag picks up the smaller 1 2 3's as they come about. I also dropped a 14 CCI on top of 50 for early warnings and also to pick up divergences better for possible reversals.

I also use an indicator called MA Details on the 200 EMA which shows the up to the moment close on the EMA should you want to use the 200 EMA as a target as you suggested. Euro's Daily chart has been in uptrend since Feb.14.

This is a simple but powerful system as long as you respect the daily trend and work the retracements properly.

Thank you Harold for being generous with your experience and knowledge....T-Wolf

Hey Harrold

Thanks for sharing your stratergy with us.

I am having trouble finding trades with good risk reward ratios. I think you mentioned you get 2:1 a lot...

What extension do you look to take yor profit at.

I am still testing this but I have an idea:

Enter on the zig zag break of support with the stop loss at the resistance level (above/below)

But set a target profit at the larger zig zag expansion levels. By larger ZZ I mean the standard settings of 12,5,3

What do you guys think?

hi guys

hope someone can help.where do you pull the fibs from,is it form 2 to 1??

thanks in advance

andrew

hi again,

sorry 4 the questions guys but the zig zag is there another name for it my charts have it but the options dont give me the chance to do 12,5,3 or 6,5,3?

cheers andrew

Great People,
This is my first post on this thread.

I have being going through the thread for the past week or so.

Many thanks to Harold for sharing his system. From what I have gathered so far it is quite profitable with a good understanding of it and MM.

Would be demo trading it aggressively this week.

All the best!