1.2.3. break bacis | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Break Out + Pull Back & Pure Break Outs 59 replies

BB break + trendline break 24 replies

Looking for L > Break High Break Low Indicator 1 reply

A break below - A Break Above Question 1 reply

Does The Market Break The Rules ! 5 replies

Attachments: 1.2.3. break bacis
Exit Attachments

1.2.3. break bacis

  • #281
  • Nov 21, 2008 5:43am Nov 21, 2008 5:43am
Hi TEB,

so you think the bigger trend in EURUSD and cable is down, we should be careful in trading longs ?
  • #282
  • Nov 21, 2008 5:48am Nov 21, 2008 5:48am
Quoting oechel
Hi TEB,

so you think the bigger trend in EURUSD and cable is down, we should be careful in trading longs ?
eur/usd yes I put some stuff on the WSS thread

on it
cheers

teb
  • #283
  • Nov 21, 2008 7:20am Nov 21, 2008 7:20am
Here's one that just triggered on the eur/usd. The 4 hour trendline may be a problem as Teb pointed out. Thanks for the system Teb.http://www.forexfactory.com/images/icons/icon7.gif
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Nov. 21 08.16.gif Size: 17 KB
  • #284
  • Nov 21, 2008 7:30am Nov 21, 2008 7:30am
Took profit on 1/3 of the position at 1.2635 and moved the stoploss up under point three of the 1-2-3 pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Nov. 21 08.27.gif Size: 16 KB
  • #285
  • Nov 21, 2008 7:50am Nov 21, 2008 7:50am
I closed the rest out at 1.2616 due to the stalling at the 4 hour trendline. Thanks again Teb.

Take care,
Dave
http://www.forexfactory.com/images/icons/icon7.gif
  • #286
  • Nov 21, 2008 12:14pm Nov 21, 2008 12:14pm
Quoting harigp
32 pip move now in eu

closed for 55 pip
Hi harigp!
I see you entered at 1.2455.
Shouldn't you wait till PA was above EMA100 (considering 123break system, of course)?
Your trade was much more profitable but I am not sure you followed the "rules"... ;-)
Do you use an improved method?
Thanks!
Trading: the skill of avoiding trades
  • #287
  • Nov 21, 2008 12:59pm Nov 21, 2008 12:59pm
Hello TEB63 and others,

Been trading this a bit...It's simple and is a no-lag system based on price action. Interesting for sure. I'm attaching a chart...Is this approximately how you guys would have played this pair.

Am I correct to assume that the pullback should came at lease to the 50 fib?

These 1-2-3 patterns are everywhere...how do you decide from the good and the not-so-good. Or should I read the thread from the start to get it.

Cheers
CanuckCT
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 16 KB
  • #288
  • Nov 21, 2008 1:40pm Nov 21, 2008 1:40pm
hi CanuckCT

Yes you should read the thread and the "World simplest system" thread from TEB63 from its beginning.

The thing is of course the main trend of the upper timeframes. It should be in the same direction.

How to know this look in the threads, or you simply can find a different method..... many things should be ok...
  • #289
  • Nov 22, 2008 8:16am Nov 22, 2008 8:16am
Quoting arvin
Yes I would love that Teb if you Email me the trades and setups.
sure

I will be back to normal next week sometime
if you like fire me off a email to [email protected]

cheers

teb

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

  • #290
  • Nov 24, 2008 7:07am Nov 24, 2008 7:07am
Great day for this system!!

TEB
  • #291
  • Nov 24, 2008 7:40am Nov 24, 2008 7:40am
Agreed, Teb, great day indeed - super-clean system.
  • #292
  • Nov 24, 2008 8:11am Nov 24, 2008 8:11am
Attached Image (click to enlarge)
Click to Enlarge Name: gg.gif Size: 44 KB

teb
  • #293
  • Nov 24, 2008 10:43pm Nov 24, 2008 10:43pm
In a good trend this is easy to trade!!
130 pips (x5) for the day

I was trading the eur/usd in the day
Eur/jpy this evening

Attached Image (click to enlarge)
Click to Enlarge Name: gg.gif Size: 42 KB


cheers

TEB
  • #294
  • Nov 25, 2008 12:22am Nov 25, 2008 12:22am
Hi Web63 I trade the 123. Do you have the Target Indicator you can give me. Thanks

I live in Etobicoke near you. We can meet?
My Email For Help: [email protected]
  • #295
  • Edited 7:59am Nov 25, 2008 7:28am | Edited 7:59am
In my trades there is always something on the way....

Daylow
Trendline
Roundnumber

Teb what to do because auf this ?
Thank you for all !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade 25.11.2008 14.20.08 0001.png Size: 61 KB
Click to Enlarge Name: trade 25.11.2008 14.22.59 0002.png Size: 50 KB
  • #296
  • Nov 25, 2008 8:58am Nov 25, 2008 8:58am
Quoting oechel
In my trades there is always something on the way....

Daylow
Trendline
Roundnumber

Teb what to do because auf this ?
Thank you for all !

That is trading its a # & % game

you have to know people are watching all those things & more
when the majority of people "see" its up they buy & up she goes
its that simple
( well not quite you do have news & Fundy things happening)


cheers
Teb
  • #297
  • Nov 25, 2008 9:31am Nov 25, 2008 9:31am
[quote=TEB63;2375696]That is trading its a # & % game

Yes I know, but how to decide what is important and what not ?
Do you remember all these things ?
Or do you have a policy to say it is a trade or not ?

On the first view your method has SL = Target1.

For example for a long SL = 60 in GBPUSD:

entry is 2 (break 123) + 4 (spread) and round number 40 away
=> target1 = 40-6-4 = 30

but SL is 60+2 = 62.

That means that the target in average is much less then the stop.
Is there any formular wich keeps you away from trading ?
  • #298
  • Nov 25, 2008 9:42am Nov 25, 2008 9:42am
[quote=oechel;2375842]
Quoting TEB63
That is trading its a # & % game

Yes I know, but how to decide what is important and what not ?
Do you remember all these things ?
Or do you have a policy to say it is a trade or not ?

On the first view your method has SL = Target1.

For example for a long SL = 60 in GBPUSD:

entry is 2 (break 123) + 4 (spread) and round number 40 away
=> target1 = 40-6-4 = 30

but SL is 60+2 = 62.

That means that the target in average is much less then the stop.
Is there any formular wich keeps you away from trading ?
but that true of only 1/2 my trade remembler I go for targer 2 as well
so I am well over 1 to 1

also I do move up the SL as soon as I can

so again my wins are bigger then my loses


I do use "00" numbers as SL & Targets & lows & highs as well.
you have to see what is going on in the market
move up one time frame & take a look
do you have a lot of space at the top or are you close to it.
if you are close ... a big choice will need to be made break or bounce
right

cheers

teb
  • #299
  • Nov 25, 2008 9:47am Nov 25, 2008 9:47am
Quoting tcmm
Hi Web63 I trade the 123. Do you have the Target Indicator you can give me. Thanks

I live in Etobicoke near you. We can meet?
Web63 did you get my PM?
My Email For Help: [email protected]
  • #300
  • Nov 25, 2008 9:56am Nov 25, 2008 9:56am
Thank you for the answer.

Maybe it helps if you criticize the trades we are / I am posting.
0 traders viewing now