the key to the mint | Page 175 | Forex Factory

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the key to the mint

  • #3,481
  • Apr 22, 2008 10:52pm Apr 22, 2008 10:52pm
Quoting davema
Tradestar,
I'm certainly not Harold, but I will do my best to give you an answer. In Harold's post #3466 he is explaining OzzieDave's trade from post 3465. What I think Harold is saying is that Dave's trade was a valid 123 pattern, but it was a continuation pattern of the trend that was already extended. Harold was saying that in a downtrend, you should be looking to short a 123 pattern after a pullback (brief uptrend), when the downtrend is just beginning to resume. This way you are selling high at the resumption of the downtrend, instead of shorting a 123 pattern in an extended downtrend that may be running out of steam. Harold and Dave I am sorry if my observations are incorrect. I am only trying to help. By the way, thanks to both of you for this great thread and chart examples. I greatly appreciate it.http://www.forexfactory.com/images/icons/icon7.gif
Thanks,
Dave
Hi Dave,

That is correct. I entered the during the continuation pattern. I will sometimes enter the continuation pattern if I have a support or resistance line bounce or rejection that gives me a bit more confidence in the continuation pattern.
  • #3,482
  • Apr 22, 2008 11:23pm Apr 22, 2008 11:23pm
Dave,
That is a good point about former support becoming resistance. This increases your chances of a high probability trade, as you pointed out in the excellent chart examples that you posted earlier in the thread. Thanks again,
Dave
  • #3,483
  • Apr 22, 2008 11:25pm Apr 22, 2008 11:25pm
both points are valid i personally dont enter 123's for continuation entries
  • #3,484
  • Apr 23, 2008 10:29pm Apr 23, 2008 10:29pm
apparently the interest in trading this method seems to have died and the trading room has seemed also to have died also so based on that this will be my last post it has been a pleasure to have met you all and hope you have a prosperous trading career i hope i have been of some help to you all god bless you all
  • #3,485
  • Apr 23, 2008 11:15pm Apr 23, 2008 11:15pm
Harold,

Thank you for sharing your method with us. I'm having nice success with it and I'm sure that many others are also. Easy to follow - able to avoid many "bad" trades - a sound system of trading. There are so many generous people here at FF. Thanks again.
  • #3,486
  • Apr 24, 2008 12:46am Apr 24, 2008 12:46am
My thanks also go out to you Harold - you have helped me a lot. best wishes for the future. Cheers..........Mike.
  • #3,487
  • Apr 24, 2008 2:56am Apr 24, 2008 2:56am
Harold,
Thank you for sharing your system and your wisdom. Also, thanks to everyone that shared information on this thread. It is appreciated.
Thanks,
Dave
  • #3,488
  • Apr 24, 2008 5:49am Apr 24, 2008 5:49am
Harold I'm sure I speak for everyone when I say thanks... Without kind souls like yourself I for one would probebly still be typing things into google like - "Forex System " Win Forex" etc etc and buying lame E books that never work.

So thanks for shedding some light and simplifying the complex world that is Forex.

I will still visit this thread regularly and check in on the trade room to see whos about because also along this journey that is the mint I have met some great people.

So thanks Harold.

MR C
Time hides Nothing
  • #3,489
  • Apr 24, 2008 6:48am Apr 24, 2008 6:48am
Harold, I am still very interested in this forum and the trading room. My schedule for the last week or so has been busy. But I have been checking in the trade room and must have missed you when you have been there. I really enjoy your commentary and just presumed that last week when you were not around that you just needed a break. Certainly honor your decision if you don't post, but you will be missed. Will be checking back to follow the forum and trading room. Thanks for everything you have done over the past months to help us.

Please check your forum email for an email from me.

Thank you again.

JHT

Quoting harold4x
apparently the interest in trading this method seems to have died and the trading room has seemed also to have died also so based on that this will be my last post it has been a pleasure to have met you all and hope you have a prosperous trading career i hope i have been of some help to you all god bless you all
  • #3,490
  • Apr 24, 2008 7:50am Apr 24, 2008 7:50am
It is a sad day for us all, I'm thinking. take care & trade well.
Hej.
  • #3,491
  • Apr 24, 2008 9:21am Apr 24, 2008 9:21am
Harold,

Thank you for sharing, teaching and mentoring not only about the key to the mint strategy, but also sharing many bits of forex knowledge that you have learned over the years. Thanks for explaining in detail the 123 strategy; like buy low and sell high or sell high and buy low. Easy to say, but how many
really knew how to implement that. Like looking for the reversal from LH's and LL's to HH's and HL's. Like looking for that right shoulder. Like looking at the indicators for confirmation only, and many other reveals. Like answering all questions, some over and over.

I for one have not lost the zeal or the interest in your method and I believe that there are many others who are interested. I hope you will continue to come into the trading room.
  • #3,492
  • Apr 24, 2008 10:00am Apr 24, 2008 10:00am
Harold,

First I want to thank you for the time and effort that you have put in to this forum. You’re mentoring and sharing of your system has been invaluable to me and to many others. I also know that you are dealing with a lot of challenges with your family’s health and need to dedicate more time to getting all of that worked out. We all respect that. I just wanted to make sure that you know that there are a lot of us that base our trading on your system, and that your absence will be missed. Thank you again for all that you have done, and I sincerely hope that this is not the last we hear from you.
  • #3,493
  • Edited 10:47am Apr 24, 2008 10:35am | Edited 10:47am
Quoting fxpivots
Harold,

Thank you for sharing, teaching and mentoring not only about the key to the mint strategy, but also sharing many bits of forex knowledge that you have learned over the years. Thanks for explaining in detail the 123 strategy; like buy low and sell high or sell high and buy low. Easy to say, but how many
really knew how to implement that. Like looking for the reversal from LH's and LL's to HH's and HL's. Like looking for that right shoulder. Like looking at the indicators for confirmation only, and many other reveals. Like answering all questions, some over and over.

I for one have not lost the zeal or the interest in your method and I believe that there are many others who are interested. I hope you will continue to come into the trading room.
Well Said FXP - I urge everyone to keep this thread alive and keep coming to the trade room... Post trades you've taken - concerns you have - even suggestions for improvement.
Time hides Nothing
  • #3,494
  • Apr 24, 2008 12:51pm Apr 24, 2008 12:51pm
Thinking of using this system thanks harold.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.5%
  • #3,495
  • Apr 24, 2008 7:26pm Apr 24, 2008 7:26pm
hi harold,
thanks heaps for all ur help but i can tell u this tread & trading is not dead,u have helped so many of us & we all really aprreciate it.
i am with jht i have been so busy with other things in the last week i have not found that much time to trade,unfortunately,but i always check in & see if anyone is about.
i feel i have meet so really special people & its all because of u harold.
thanks heaps mate.
andrew.
Survive & Preserve
  • #3,496
  • Apr 25, 2008 4:54am Apr 25, 2008 4:54am
Hi Guys,

Sorry to see Harold leave us. Harold I hope you will continue to post.

I will continue to post if people find what I have to share helpful.

Here is a short EUR trade. Daily is down. Here is an example of where the zig zag doesn't pick up the shallow 123 move. Price is rejected several times from the green resistance line and breaks point 2. In @1.5661 and out @ 1.5608 for +53 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 250408 eur short t 22.gif Size: 30 KB
  • #3,497
  • Apr 25, 2008 8:00am Apr 25, 2008 8:00am
OzzieDave,
Thanks for your posts. Please continue to post. I (and I'm sure others) find them very useful. Also, thanks again to Harold.http://www.forexfactory.com/images/icons/icon14.gif
Thank you,
Dave
  • #3,498
  • Apr 25, 2008 6:47pm Apr 25, 2008 6:47pm
keep it up ozziedave

andrew
Survive & Preserve
  • #3,499
  • Apr 25, 2008 11:15pm Apr 25, 2008 11:15pm
Hi Mates,

I was on business trip for the last two weeks, did't have time even to think about forex.
I see lot of things went on, Harold left us again, so sad.
Anyway he left us some invaluable points, one of the things is buy low and sell high which keeps me away from many bad trades.

Let us continue to keep this thread and trading room live. Hope Harold will come again soon.

-ForexMad
  • #3,500
  • Apr 25, 2008 11:57pm Apr 25, 2008 11:57pm
Quoting harold4x
both points are valid i personally dont enter 123's for continuation entries
I was out for couple of days.

Thanks Dave, Dave and Harold for your responses. It is clear now.

Sorry to see you Harold leaving this thread. Hope you resume posting and continue to share your wisdom.

Thanks again
TS
Haste not to Enter AND Haste not to Exit !-TradeStar
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