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123 Method by lgtj

  • #181
  • Oct 27, 2010 5:35pm Oct 27, 2010 5:35pm
Good thing about 123 is that it's price action, as opposed to lagging indicators.
  • #182
  • Oct 27, 2010 9:29pm Oct 27, 2010 9:29pm
Quoting porfirio
Hi friends... Usd-cad (w1-d1-h4)
Nice trade.
  • #183
  • Oct 27, 2010 9:31pm Oct 27, 2010 9:31pm
Quoting qwertymyfx
Good thing about 123 is that it's price action, as opposed to lagging indicators.
Hello qwertymyfx and welcome. Thank you for your comment.
  • #184
  • Oct 28, 2010 7:26am Oct 28, 2010 7:26am
thanks lgtj

but I went out with 50 pips, not clear saw

now gbp-usd (M1-W1-D1)

SALUDOS.
  • #185
  • Oct 29, 2010 10:03pm Oct 29, 2010 10:03pm
Quoting lgtj
The movements have slowed down over the past couple of weeks. I'm patiently waiting for a few set-ups. I'm currently watching eurusd, gbpusd, and audusd. We have points 1 & 2 established on all three weekly charts. But on the gbpusd daily chart, we might have point 3 established. We'll have to wait for conformation on the macd.
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Gbpusd daily macd finally gave us confirmation to go north.
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Click to Enlarge Name: gbpusd.gif Size: 21 KB
  • #186
  • Oct 30, 2010 5:02am Oct 30, 2010 5:02am
Great strategy, lgtj.... Congratulations friend !!! Thanks

eur-usd.... (m1-w1-d1).. Probably nex week
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eur-usd w1.gif Size: 28 KB
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  • #187
  • Oct 31, 2010 7:32pm Oct 31, 2010 7:32pm
I placed a buy stop 1 pip above point 2 on gbpusd daily @ 1.61052. Let's see how it goes.
Attached Image (click to enlarge)
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Click to Enlarge Name: gbpusd w1.gif Size: 21 KB

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  • #188
  • Nov 3, 2010 10:06pm Nov 3, 2010 10:06pm
Eurjpy daily macd just went back into buy mode on the previous candle. There is bullish divergence on the monthly macd, and the weekly macd is already in buy mode. I expect a big move to the north.
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  • #189
  • Nov 4, 2010 3:54am Nov 4, 2010 3:54am
hi lgtj
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-jpy m1-w1-d1.gif Size: 28 KB
Click to Enlarge Name: aud-jpy m1-w1-d1.gif Size: 34 KB
Click to Enlarge Name: gbp-usd m1-w1-d1.gif Size: 33 KB
Click to Enlarge Name: eur-usd m1-w1-d1.gif Size: 32 KB
  • #190
  • Nov 4, 2010 4:08am Nov 4, 2010 4:08am
Quoting porfirio
hi lgtj
Good for you!
  • #191
  • Nov 4, 2010 4:22am Nov 4, 2010 4:22am
It appears that price action is about to penetrate the recent swing high on audjpy.
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Click to Enlarge Name: audjpy w1.gif Size: 20 KB

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Click to Enlarge Name: audjpy m1.gif Size: 19 KB
  • #192
  • Nov 4, 2010 4:24am Nov 4, 2010 4:24am
This MACD visually helps a lot.... here is friends

saludos
Attached File(s)
File Type: mq4 b_v2_macd_osmax.mq4   4 KB | 460 downloads
  • #193
  • Nov 4, 2010 4:26am Nov 4, 2010 4:26am
So far, so good. Patience is a virtue.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 21 KB
  • #194
  • Nov 4, 2010 4:27am Nov 4, 2010 4:27am
Quoting porfirio
This MACD visually helps a lot.... here is friends

saludos
Is this the macd on your charts?
  • #195
  • Nov 4, 2010 4:33am Nov 4, 2010 4:33am
yes friend
  • #196
  • Nov 4, 2010 4:34am Nov 4, 2010 4:34am
Quoting porfirio
yes friend
Thank you for your contribution. I like it.
  • #197
  • Nov 4, 2010 10:03am Nov 4, 2010 10:03am
Subscribing because I trade a similar strategy, and this thread compliments what I am doing.

Thanks lgtj!
  • #198
  • Nov 4, 2010 10:22am Nov 4, 2010 10:22am
Quoting Bobcat2
Subscribing because I trade a similar strategy, and this thread compliments what I am doing.

Thanks lgtj!
Hello Bobcat2 and welcome. I'm glad to know that this strategy compliments yours.
  • #199
  • Nov 6, 2010 2:55am Nov 6, 2010 2:55am
Hi lgtj,

Thanks for starting the thread and sharing your system.
Hope I didn't miss this on one of the posts, but was wondering how significant the 50% level was, because for example on E/J, it seems as though retracement only hit the 38% level.
Can we enter at any of the 'major retracement levels' as long as MACD turns back in the direction of the trade? or are we strictly looking for 50% retracement?

Thanks in advance for the reply.
  • #200
  • Nov 7, 2010 4:23pm Nov 7, 2010 4:23pm
Quoting forexjpn
Hi lgtj,

Thanks for starting the thread and sharing your system.
Hope I didn't miss this on one of the posts, but was wondering how significant the 50% level was, because for example on E/J, it seems as though retracement only hit the 38% level.
Can we enter at any of the 'major retracement levels' as long as MACD turns back in the direction of the trade? or are we strictly looking for 50% retracement?

Thanks in advance for the reply.
Hello forexjpin and welcome. Someone else asked a similar question earlier in the thread. Read posts 32 and 33. I think you'll find your answer there. If not, let me know, and I'll be happy to answer your question.
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