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the key to the mint

  • #3,161
  • Mar 15, 2008 10:29pm Mar 15, 2008 10:29pm
Quoting harold4x
Here Is Possible Senario On Daily Chart We Are Wave 5 It Might Take Out Last High And Wave 5 Will Be Under Way Or It Might Unfold With An Couple More Waves Before It Takes Out High
Will you take long if 123 forms in 15 min in this pair?

Thanks
  • #3,162
  • Mar 15, 2008 10:39pm Mar 15, 2008 10:39pm
Quoting free84
i made a signal to see in 15mn if daylli its ok you can change stting of rsi cci and ema give a try and tell if if is usefull or no sorry for my english
Hi Free84,

I really like the mint signal and use it on my charts. Is it possible to code it to show the 1hr also or make it a multi time frame indicator so you can use it on any time frame you want too?

Thanks for your efforts.
  • #3,163
  • Mar 15, 2008 11:13pm Mar 15, 2008 11:13pm
Nothing Like The Swing Trade I Am Looking Into When We Take Out A Swing Maybe Being Able To Get In Earlier Than The 2 Point Of The 123 Maybe At 61 Level With Stop Below 1
  • #3,164
  • Mar 16, 2008 9:07am Mar 16, 2008 9:07am
Hello everyone!

First of all I would like to thank Harold and all the guys who trading with simple but powerful 123 setup ups and developing this thread

My small contribution will be a very good reading by Joe Ross "Trading Ross Hook". It's a 180 pages full of 123 setups and advanced technique. If anyone interested in this one please PM and I'll send it to you, cause I'm not sure if rules of the forum allow to post it here.

Have a good weekend and happy trading with 123

TT.
  • #3,165
  • Mar 16, 2008 1:37pm Mar 16, 2008 1:37pm
welcome aboard t t i have already told people to go to trading-naked.com then click on library then the traders trick this will explain why it works as far as the ross hooks i dont trade basicly 1 2 3 is realy the swing trade its when there is a possible trend change say from lower lows lower highs and it stops making lower lows that the trend might change setting up the 1 2 3 when 2 is broken the indicators confirm this ross never talks about stops or targets nor trading in direction of the daily trend
  • #3,166
  • Mar 16, 2008 2:00pm Mar 16, 2008 2:00pm
Harold, i may have a couple suggestions as to getting in earlier then the 2 in the swing. I am finding combining your system with a basic entry technique i learned a while ago trades are more like 3:1 then 1:1. It has a little bit tougher criteria to make it valid, but since its a higher reward ratio i think that will be ok. Im going to look into it more today, and see what you think when we get into the trading room later tonight.
  • #3,167
  • Mar 16, 2008 2:40pm Mar 16, 2008 2:40pm
what do you have in mind explain
  • #3,168
  • Mar 16, 2008 2:49pm Mar 16, 2008 2:49pm
Do you mind popping into the trading room? Much easier to explain there then it is on the forum.
  • #3,169
  • Mar 16, 2008 2:52pm Mar 16, 2008 2:52pm
k
  • #3,170
  • Mar 16, 2008 5:20pm Mar 16, 2008 5:20pm
Quoting harold4x
welcome aboard t t i have already told people to go to trading-naked.com then click on library then the traders trick this will explain why it works as far as the ross hooks i dont trade basicly 1 2 3 is realy the swing trade its when there is a possible trend change say from lower lows lower highs and it stops making lower lows that the trend might change setting up the 1 2 3 when 2 is broken the indicators confirm this ross never talks about stops or targets nor trading in direction of the daily trend
I totally agree Harold!
Joe Ross plays 123 formations as reverse patterns. He looks for established downtrend and finds 123 Low for a possible change in a trend. Or uptrend and then 123 High for a move down. With Key to Mind strategy you're trading with the trend, at least in the direction of daily trend. Although I think 123 patterns can be played as reverse formations as well as continuation in the trend, I like what you're doing very much. Thanks for all work you do here and in a trading room!

TT.
  • #3,171
  • Mar 16, 2008 7:22pm Mar 16, 2008 7:22pm
WOW
lloks like the GB JPY droped 700 pips on FRIDAY and the GB CHF 500 -

I was just looking at a possible 1-2-3 setup for the start of monday and then realised my stop would have to be 200 pips LOL and that was taking the swing within the ZIG ZAG

Taking trades early on Mon prob not the best idea anyway...

Anyone know what caused this drop? - I can't see any economic news results that could have effected it that much
Time hides Nothing
  • #3,172
  • Mar 16, 2008 7:25pm Mar 16, 2008 7:25pm
cindy, looks like big ben dropped anothe .25% on the rate. look out for tuesday.
Hej.
  • #3,173
  • Mar 16, 2008 7:32pm Mar 16, 2008 7:32pm
Oh man I'd be up 228 pips already on that trade if i took it
Time hides Nothing
  • #3,174
  • Mar 16, 2008 7:32pm Mar 16, 2008 7:32pm
260...
Time hides Nothing
  • #3,175
  • Mar 16, 2008 7:33pm Mar 16, 2008 7:33pm
282 :surprised
Time hides Nothing
  • #3,176
  • Mar 16, 2008 7:40pm Mar 16, 2008 7:40pm
lol could of retired for the week with only 15 mins of trading ... Oh well anyone else get a piece of that action?
Time hides Nothing
  • #3,177
  • Mar 16, 2008 8:39pm Mar 16, 2008 8:39pm
Quoting CindyXXXX
lol could of retired for the week with only 15 mins of trading ... Oh well anyone else get a piece of that action?
Hey there Cindy,

I got in on the action on Gbp/Jpy using my 5M chart for a close below #2. Swing low on #2 was 197.71 I got in at 197.69 and closed at 196.41 for a 128 pip profit in 18 minutes. I'm really kicking myself though because I realized I used my Fib. retracement tool instead of the Fib expansion tool where the 127.2 target was 195.28 which would have given me an extra 113 pips. Oh well I'm definately not complaining. Like you say Cindy, "no worries"

Take care.....T-Wolf
  • #3,178
  • Mar 16, 2008 8:57pm Mar 16, 2008 8:57pm
Quoting thunderwolf
Hey there Cindy,

I got in on the action on Gbp/Jpy using my 5M chart for a close below #2. Swing low on #2 was 197.71 I got in at 197.69 and closed at 196.41 for a 128 pip profit in 18 minutes. I'm really kicking myself though because I realized I used my Fib. retracement tool instead of the Fib expansion tool where the 127.2 target was 195.28 which would have given me an extra 113 pips. Oh well I'm definately not complaining. Like you say Cindy, "no worries"

Take care.....T-Wolf
Lol T- Wolf I could of guessed you were in the action... You always are.
Very Nice job 128 pips in 18 min - gotta love it!

Where was your stop?

Cheers
Mr. C!
Time hides Nothing
  • #3,179
  • Mar 16, 2008 9:33pm Mar 16, 2008 9:33pm
Quoting CindyXXXX
Lol T- Wolf I could of guessed you were in the action... You always are.
Very Nice job 128 pips in 18 min - gotta love it!

Where was your stop?

Cheers
Mr. C!
Hi Mr.C?,

My stop was at 198.23 The first 5M candle that closed below #2 closed at 197.62 I set my stop at the high of 3 candles before candle that closed below #2 +2pips. It's something I'm testing using the 5M chart for entries.

Wow just checked the chart for my 2nd trade and that hit my target at the 161.8 Fib expansion of the original 123 That target was 194.11 Cool another 154 pips. That pair is tanking big time, it even hit #3 target at the Fib. 200 Exp. level.

Can you say KaChing? .........T-Wolf
  • #3,180
  • Mar 16, 2008 10:13pm Mar 16, 2008 10:13pm
Quoting thunderwolf
Hi Mr.C?,

My stop was at 198.23 The first 5M candle that closed below #2 closed at 197.62 I set my stop at the high of 3 candles before candle that closed below #2 +2pips. It's something I'm testing using the 5M chart for entries.

Wow just checked the chart for my 2nd trade and that hit my target at the 161.8 Fib expansion of the original 123 That target was 194.11 Cool another 154 pips. That pair is tanking big time, it even hit #3 target at the Fib. 200 Exp. level.

Can you say KaChing? .........T-Wolf
Good for you t wolf
Time hides Nothing
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