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123 Method by lgtj

  • #21
  • Sep 26, 2010 12:38pm Sep 26, 2010 12:38pm
Quoting calderone
Nice thread!!
Welcome calderone and thank you for your comment.
  • #22
  • Sep 27, 2010 5:57am Sep 27, 2010 5:57am
Nice method, very controlled

This is a nice 123 indicator attached -

With Respect
Marshy
Attached Image (click to enlarge)
Click to Enlarge Name: Lgtj example.gif Size: 27 KB
Attached File(s)
File Type: ex4 1-2-3 Pattern MTF v3.1.ex4   33 KB | 596 downloads
“A setback is a setup for a comeback.”
  • #23
  • Sep 27, 2010 7:00am Sep 27, 2010 7:00am
HI LGTJ

IS OPERATING METHOD OF MAJOR TO MINOR TF ALWAYS BE PROFITABLE LONG TERM ... MA'S USING EITHER WITH CCI, MACD WITH ...
THE KEY IS TO KNOW THE DIFFERENT TF INTERPRET AND PATIENCE
MY SYSTEM IS LIKE .. Sometimes I use MACD or CCI KINO ... BUT THE ESSENCE IS THE SAME ... High to Low TF

CONGRATULATIONS ON YOUR STRATEGY
Attached Image (click to enlarge)
Click to Enlarge Name: lllll..gif Size: 96 KB
  • #24
  • Sep 27, 2010 7:25am Sep 27, 2010 7:25am
Quoting marshy
Nice method, very controlled

This is a nice 123 indicator attached -

With Respect
Marshy
Welcome marshy and thank you for your contribution and comment.
  • #25
  • Sep 27, 2010 7:27am Sep 27, 2010 7:27am
Quoting porfirio
HI LGTJ

IS OPERATING METHOD OF MAJOR TO MINOR TF ALWAYS BE PROFITABLE LONG TERM ... MA'S USING EITHER WITH CCI, MACD WITH ...
THE KEY IS TO KNOW THE DIFFERENT TF INTERPRET AND PATIENCE
MY SYSTEM IS LIKE .. Sometimes I use MACD or CCI KINO ... BUT THE ESSENCE IS THE SAME ... High to Low TF

CONGRATULATIONS ON YOUR STRATEGY
Welcome porfirio and thanks for your comment.
  • #26
  • Sep 27, 2010 7:48am Sep 27, 2010 7:48am
Quoting porfirio
IS OPERATING METHOD OF MAJOR TO MINOR TF ALWAYS BE PROFITABLE LONG TERM ... MA'S USING EITHER WITH CCI, MACD WITH ...
THE KEY IS TO KNOW THE DIFFERENT TF INTERPRET AND PATIENCE
MY SYSTEM IS LIKE .. Sometimes I use MACD or CCI KINO ... BUT THE ESSENCE IS THE SAME ... High to Low TF

CONGRATULATIONS ON YOUR STRATEGY
Have to say those are some wowser results.
Enter Signature
  • #27
  • Sep 27, 2010 7:50am Sep 27, 2010 7:50am
Hello lgtj

I am pleased to have discovered your thread, the whole 123 patterns stuff really has interested me lately.

I will be following your thread with great interest.

A question for "guernica" and " marshy" who have both posted the MTF 123 indicator: i was trying that indicator last night and I noticed that on some time frames it did not post a 123 set up......is that because the indicator does not work on certain time frames, or is that because the indicator did not find a 123 set up.....I am assuming the latter.

Best wishes

PGPB
  • #28
  • Sep 27, 2010 7:51am Sep 27, 2010 7:51am
what are the moving averages' for?
  • #29
  • Sep 27, 2010 8:04am Sep 27, 2010 8:04am
Quoting pgpb
Hello lgtj

I am pleased to have discovered your thread, the whole 123 patterns stuff really has interested me lately.

I will be following your thread with great interest.

A question for "guernica"...
Welcome pgpb and thanks for following along.
  • #30
  • Edited 9:11am Sep 27, 2010 8:25am | Edited 9:11am
Hi Igti.
First of all let me say God bless you too.
My question is, what if you are in a buy trend and price goes below the 50fib level on the weekly,and after you get an entry with MACD on the daily and price is still below the 50fib level,what do we do? or do we still take the trade?
Thank you!
  • #31
  • Sep 27, 2010 9:39am Sep 27, 2010 9:39am
Quoting Davibaby
Hi Igti.
First of all let me say God bless you too.
My question is, what if you are in a buy trend and price goes below the 50fib level on the weekly,and after you get an entry with MACD on the daily and price is still below the 50fib level,what do we do? or do we still take the trade?
Thank you!
Hello davibaby and welcome. If price has fallen below the 50% fib in an uptrend on the weekly chart, then that means that price is retracing or there could be a possible trend change. This is where the macd plays an important roll. In this case, I would look at the monthly chart to confirm what's happening on the weekly chart. I would not take any trades.
  • #32
  • Sep 27, 2010 10:02am Sep 27, 2010 10:02am
Quoting lgtj
Look at these charts of gbpusd. First, the monthly chart macd is in buy mode. Second, the weekly chart macd is in buy mode and formed a 123 pattern. Third, price retraced, and the macd went into sell mode on the daily chart. Fourth, the macd went back into buy mode. I'm currently in entries 1 and 2, and I'm patiently waiting on entry 3.

Entries on the daily chart:
1) early entry
2) add-on entry
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Simple method, but very powerful!!!
the example you gave,I dont see price retrace to 50%fib level
  • #33
  • Sep 27, 2010 11:53am Sep 27, 2010 11:53am
Quoting Davibaby
the example you gave,I dont see price retrace to 50%fib level
Price won't always retrace to the 50% fib if the trend is very strong. However, a 123 pattern was formed on the weekly chart with the uptrend, and the macds on the monthly, weekly, and daily charts are in buy mode. That's good enough for me.
  • #34
  • Sep 27, 2010 12:54pm Sep 27, 2010 12:54pm
vosterfxandyestos resultados son consecuencia de mis estudios de la tendencia de distintos pares de divisas, con un procedimiento muy similar al de este hilo...nada mas.solo queria constatar que esa manera de analizar el mercado, de mayor a menor tf es rentable.saludos.






vosterfxandy

These results are a consequence of my studies of the tendency of various currency pairs, a procedure very similar to this thread ... nothing more.

I just wanted to note that this way of analyzing the market, from high to low TF is profitable.

Greetings
  • #35
  • Sep 27, 2010 2:57pm Sep 27, 2010 2:57pm
are we going to be getting updates and examples as trades go on,cause I want to be one of those following this thread from the start,as Ive seen nice threads that started years back I wish I followed
Ive opened all the pairs you gave as examples (Eurusd, Gbpusd, Audusd, Usdchf, Usdjpy, Eurjpy, Gbpjpy) and I'll be taking the trades on the daily chart,so stay with me Igtj let me follow you with your method
  • #36
  • Sep 27, 2010 3:27pm Sep 27, 2010 3:27pm
Quoting Kasapreko
are we going to be getting updates and examples as trades go on,cause I want to be one of those following this thread from the start,as Ive seen nice threads that started years back I wish I followed
Ive opened all the pairs you gave as examples (Eurusd, Gbpusd, Audusd, Usdchf, Usdjpy, Eurjpy, Gbpjpy) and I'll be taking the trades on the daily chart,so stay with me Igtj let me follow you with your method
Hello Kasapreko and welcome. Yes, I'll be posting potential set ups that I take. Look at post #19, and you'll see that I'm waiting for price to break the #2 point in the 123 pattern on gbpusd daily chart.
  • #37
  • Sep 27, 2010 4:23pm Sep 27, 2010 4:23pm
Hello Igtj,

first of all thanks for sharing your strategy! After studying your explanations I think I know why you stress that patience is absolutely required You do not have a lot of trades in a month, do you? Do you actually have a favourite currency pair ?

All the best,
Heiko
  • #38
  • Sep 27, 2010 4:36pm Sep 27, 2010 4:36pm
Quoting lgtj
Hello Kasapreko and welcome. Yes, I'll be posting potential set ups that I take. Look at post #19, and you'll see that I'm waiting for price to break the #2 point in the 123 pattern on gbpusd daily chart.
I can see the gbpusd trade forming,but I prefer your first form of entry,but in your system rules you wrote for price to retrace to the 50% fib level..whats up with you not following that rule
ciao!
  • #39
  • Sep 27, 2010 4:44pm Sep 27, 2010 4:44pm
Quoting Dortmunder
Hello Igtj,

first of all thanks for sharing your strategy! After studying your explanations I think I know why you stress that patience is absolutely required You do not have a lot of trades in a month, do you? Do you actually have a favourite currency pair ?

All the best,
Heiko
Hello Dortmunder and welcome. There are enough trades to go around across these pairs when you take the three different entries that I've explained. Patience is needed because you want to enter the market when there is momentum with the trend. When trading on the higher time frames, it could take a while before the market begins to move back into its original direction during a retracement. But when the market begins to move back into its original direction, hold on. My favorite pair is eurusd.
  • #40
  • Sep 28, 2010 12:38am Sep 28, 2010 12:38am
Hey! good morning everyone. Hasnt anyone on this thread woken up?
I just placed my buy stop on gbpusd 1.5997... Igtj I can see a similar setting on on nsdusd that even looks better than the gbpusd pair,but Im not taking it as it isnt listed amongst pairs you trade
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