the key to the mint

Hi tcmm,

When you're looking to trade short, your stop loss would the high of the candle that makes the #3 point.

If trading long the stop loss would be the low of the candle that makes the #3 point. Hope that helps you! ....T-Wolf

can someone tell me what levels are overbought and oversold on the cci..

If you put a 00 100 -100 -200 and 200 on a CCI you will have a strong S/R at 00 and minor S/R levels at the 100 and -100 going up and going down

OB and OS are at the 200 levels, some like 225 instead but it really is whatever you are use to.

Hope this helps

CCI can help you get into and out of trades quicker once you get use to it. Its an awesome indi if used correctly

guys I see a 123 on gbp/jpy down on daily 15min showing123 on the down
to broke swing low 195.40
any body see that setup

Thank You

http://www.forexfactory.com/images/icons/icon1.gif Rules of The Key to the Mint
guys I see a 123 on gbp/jpy down on daily 15min showing123 on the down
to broke swing low 195.40
any body see that setup

I agree with Tmac the CCI is a very good indicator. If you use the Sniper CCI it has a trigger line used much like the MCAD fast and slow lines. I perfer this one to the regular CCI that comes with MT4. The +200 and -200 levels are OB and OS.

Here At 10.15pm 1.2.3 Setup Gbp/usd Even Off Hours It Happened

Heres the 15min Chart 30 PIPS HIT. THE 127 TARGET. DAILY WAS A DOWNTREND.

Here is a gem of a trade several of us had in the London session today. We are now in a down trend on Daily and 4hr charts. So we should be looking for a short trade. We have a H, L, LH, LL and the 123 sets up. Note the green resistance line becomes support. See how many tests it has to it (red arrows). There are some small 123 moves within the pink box but as long as price action doesn't close above point 3 the 1 - 2 leg is intact. The bigger swing also gives you a bigger TP1 level to shoot for. See we have 3 tests to point 3. I'm a bit more aggressive with my entries off the S&R lines so I entered @ 1.9813 (line line). It also is the 38.2 fib retrace (yellow check) of the 1 - 2 leg down which shows confluence with the S&R green line. You also could have waited until the break of point 2 @ 1.9772 and still made 20-30 pips. I exited just before the TP1 line @ 1.9742 for 71 pips.

I hope these charts are helping some of you.

Hi Ozziedave. Would you please post your indicators and template?

Here is a mint template and the indicators.

Got A Nice One, Guys For A Thrusday

Gb/jpy Got In At 196.40 Out At 195.26

1-2-3 Gone! Look At The Chart Here

The red line is where I got in

good trade tcmm, a classic.

www.elliottwave.com good place to study

thanks

Hi all, I'd just like a clarification of the rules. This is what I understand them to be, if I'm wrong please let me know.
1) Daily emas crossed, agreeing with rsi below 50 and cci below 0 lines.
2) Trade off the 15 minute chart with emas, rsi and cci agreeing.
3) 4 pairs, G/U,G/J,G/CHF,E/J
4) Can be traded regardless of which session it is.
5) A trade can be taken once indicators align on daily and 15 min, or wait for the break of point 2 with indicators agreeing.
Notes: Stochs are no longer used on any timeframe, 1 hour is no longer used.200 ema for reference.Zig zag for use as a guide.
I think this system is truely the key to the mint.
Thanks Harold and the other contributors.
This is how my current chart looks, just for a look as a template.

Here is the EJ trade from Thursday. These swings are a bit larger but the 123 set up still applies. Just have to use your imagination to see them through all the market noise. The Daily trend is down so we look for a short trade. We have a H, L, LH, LL and the 123 set up forms. Note the green RBS line and all of the tests (red arrows) to that line. We have 3 tests to the low side so we wait to see if price action will break below 153.09. Just before price action breaks the lows we have what I call a head fake long that forms point 3. This is a false breakout to the upside. It's false because the 1 -2 swing is the control swing and until price action breaks those points we still are in a down swing. Yes, I know there's lots of activity in between points 1 and 2, but it's contained in a small range that never breaks points 1 and 2. Then the head fake happens but it also doesn't break point 1 and it falls all the way down to point 2 again. Good sign that we're going down. The head fake is designed by the big boys to take out stops and get newbies to go long before the real direction resumes. If you study your charts you will find this set up over and over again. Now we wait for the break out of point 2 and at 154.02 we get an entry (yellow check). First profit target is 153.51 and SL is at 155.20. I know this is a 100 pip SL but I am very confident at this point that price action is going down. Also note that TP3 is at 151.63 which is 140 pips lower than our entry point. Yen pairs tend to make big swings so at times they require a bigger SL. Again, this set up may be for the more advanced trader who doesn't mind the bigger stop loss. I've just seen this head fake set up so many times and if I've done my analysis correctly I feel confident in the trade. I exited at 153.45 for 57 pips. I only show these trades so people can understand how powerful Harold's 123 set ups can be when combined with support and resistance lines.

Thanks Ozziedave

Ozziedave,

Nice chart explination.

This is proving to be a really good consistant reliable trading system thanks to you Harold.

For those of you who are interested. Here is an article about the RSI indicator and how to use it to determine the trend. I found it helpful in my interpretation of the RSI indicator. For this method all you need is the RSI above or below the 50 line but the article is good information. I have also found using the Mint indicator on my 15 M chart is a fast and easy way to see what the trend direction is on the Daily chart. Again, thank you Free84 for the indicator.

which mint indicator do you refer to??

can you please post it here, Thanks