1.2.3. break bacis

Hi One and all
(rules updated)

This is a great system - the 1-2-3 - break system.
I trade the eurusd on the 5 mins charts with 3 Ema 5,30,100.
on other pairs I trade on the hour, 4 hour & day chart ( I trade mostly on the hour - and confirm with the day)

The 30ema & 100ema act as trend & channel... and keep me trading on the right side (hopefully!?)
ie green (30ema) over red (100ema) only in an up trend
price cannot be between the green (30ema) over red (100ema), ever when I trade.
price & the 5 ema (yellow) must be over or under the two Higher emas
The 5ema acts like momentum and/or a bird dog - Again price MUST BE OVER the 5 ema in an up trend

But these are only the bit player the real deal is the 1.2.3 break

As all ways (in an up trend)
The "100 fibb" (2 pips over) is the entery point
The "0 Fibb" (2 pips below) is the SL
***Target : the "400 fibb" (2 pips under) (4.236 fibb works great) RRR 3 to 1
I do keep an eye out for the 50 & 100 points on the chart & will use them if they are close to fib as targets.

I find on the 5 min chart you have lots of trades. You will have loss but I find I win well over 80%.

Only trade then the 3 ema are stacked in the right other and price is in the right place to them.
best if you have some angle on the 30 & 100 ema & its great if they are pulling a part
ie. the 30ema is running away from the 100 ema
*** its best when the 5 ema is coming of the channel from between the two.
( see blue box below this is great set up)



trade when you have volume & trust the "fibbs" they work
it is really best to set and forget & leave the room and let price wonder to your target

I use the Fractals to help with the 1.2.3 set-ups but you don't need them


its that simple

cheers
The real TEB63

I forgot

Its really easy to see consolidation patterns
on the 5 min chart



Blue boxes are the the moves
The Yellow is the consolidation patterns,
its a rest before the next move.
80-90% you will see price move like this.

Use the "fibbs" the same way as in the past post
its easy money.

Cheers

TEB

it goes into the 1.2.3 break system

TEB

Teb,

I trade something similiar right now. Just curious, how many trades did you have on Friday, and what hours do you trade?

Sentinel

I did a lot, because, sad to say it was a very easy day to trade
with what was happen in the USA.
I don't think it was a normal day esp. not a normal Friday

I traded all day right up to about 3:50pm when Oanda changed their spreds.

What system are you using please share

Cheers

TEB

Great set-up



I don't wait for the candle to close.
If it breaks 2 or 3 pips I am in.

TEB

Hi Guys

Here is an advance trade on this stsyem
I sometimes use.

I only use it when there is a very clear 1.2.3
And a big big hump in price.

I get in on the break of the organge line 4a
you get more pips the waiting for 4b
(the bigger the hump the more the pips)
but you will have more losses as well...but you are also closer to the SL.
Again its two or three pips over & I am in.
not the close of the candle

The big hump is what makes it worth the risk


Cheers And bye for now


TEB

ok so I am bored



teb

Looks like a nice system. Will give it a try soon. Thanx for sharing one again.

TimeFreedom

lots of signs tonight



TEB

Moved the 1.2.3 to today on the 30 min chart

On the 5 min chart you can see the 4 buys I did tonight
red circles



Cheers
Teb

Not sure where you are. I assume you trade after London open. Is that correct ? (Or after NY open ?)

my last target hit for the night I am going to bed



Cheers

TEB

look price took out the 300%fib on the 30 min chart
I am already out


put the normal fibbs away
& use 100,200,300 & you will make more money!!

Cheers

TEB

Hi TEB63, You did not state the TF use.So can u pls say something about the TF. Thanks for sharing, God bless. Nerry.

There was one last trade last night (I missed it)
but it was a great hit on Target one
& two pips on target two -- that is on the SL as price dropped.
If you used the system.



And that is that on that set of trades


cheers

TEB

You don't need it to trade with .

I just like to keep an eye on the bigger trend that is all.
I do feel better about trades if price is over/under the 3 MA on the 30 min chart
the same way as the trade on the 5 mins chart
And better still if they are stacked

Of And I love it when we are in the 1.2.3 target range on the 30 min !!!
trading on the 5 min!!





cheers

TEB

http://www.forexfactory.com/images/misc/progress.gif

Last post for awail .
I hope this help some people




Cheers

Teb

Hi Teb,

Looks very good mate, am trying this out.


I have come across a thingy tho - not sure if you've mentioned it or not.

But say your looking to go long.

You have a 1 and then a 2 and then the 3 is lower than the one.

Is this a problem? Do you we still buy on the 2?

I have attached a picture so you can see what I'm talking about

Cheers,

VB,

No never it has to be higher... in this case
( if you are wanting price to go higher)


TEB