Attachments: How to use the 123 strategy effectively

How to use the 123 strategy effectively

#161
Dec 7, 2010 9:39am Dec 7, 2010 9:39am

sidefx
| Joined Sep 2010 | Status: Trader | 910 Posts

Quoting sidefx

Disliked

...this morning's EU long still in play...

Ignored

....EU 5min long stopped out as the '1' low now broken.

#162
Dec 8, 2010 12:39am Dec 8, 2010 12:39am

bigjim1958
| Joined Jul 2006 | Status: Trader | 376 Posts

Hi Paulus:
I was wondering what time frames you are using the 1,2,3 system for and are your rules the same for all time frames? Also, is this the main system that you trade now? Thanks for all that you have contributed over the years and have a great holiday.

Jim

#163
Dec 8, 2010 1:25am Dec 8, 2010 1:25am

sidefx
| Joined Sep 2010 | Status: Trader | 910 Posts

..a shot of GU (5M) with 1 & 2 swing printed...waiting for EU reversal to long too (5M).

Attached Image (click to enlarge)

Click to Enlarge

Name: 8th Dec GU 123 watch.PNG
Size: 37 KB

#164
Dec 8, 2010 1:50am Dec 8, 2010 1:50am

sidefx
| Joined Sep 2010 | Status: Trader | 910 Posts

...look at the demand level around 5500..ties in very nicely with a 1:1 target from the short 123 developing on the hourly chart at the moment...just a thought.

Attached Image (click to enlarge)

Click to Enlarge

Name: 8th Dec Hrly GU 123 watch.PNG
Size: 48 KB

#165
Dec 8, 2010 2:49am Dec 8, 2010 2:49am

chaveznqoos
Joined Jun 2006 | Status: Trader | 464 Posts

Hi sidefx;
Great template and very clear. Can you share your indicators and template?
Thanks in advance

#166
Dec 8, 2010 2:52am Dec 8, 2010 2:52am

sidefx
| Joined Sep 2010 | Status: Trader | 910 Posts

Quoting sidefx

Disliked

..a shot of GU (5M) with 1 & 2 swing printed...waiting for EU reversal to long too (5M).

Ignored

GU long 123 set up nicely, with a 'nested' smaller long 123 in support...nice R:R on this one.

Attached Image (click to enlarge)

Click to Enlarge

Name: 8th Dec GU 123 long.PNG
Size: 41 KB

#167
Dec 8, 2010 3:04am Dec 8, 2010 3:04am

sidefx
| Joined Sep 2010 | Status: Trader | 910 Posts

Quoting chaveznqoos

Disliked

Hi sidefx;
Great template and very clear. Can you share your indicators and template?
Thanks in advance

Ignored

For some reason i'm unable to browse the indies and template for this from my PC when i try and upload, probably to do with PC admin rights or something, as it's a work machine. Anyway, here's a screenshot of the indies, you should be able to find them on FF using the keyword search and the MACD_SMA is already in the attachments on this thread, i think.

Attached Image

#168
Dec 8, 2010 3:17am Dec 8, 2010 3:17am

sidefx
| Joined Sep 2010 | Status: Trader | 910 Posts

Quoting sidefx

Disliked

GU long 123 set up nicely, with a 'nested' smaller long 123 in support...nice R:R on this one.

Ignored

Decided to exit at the Monthly Pivot for +56.

#169
Dec 8, 2010 4:25am Dec 8, 2010 4:25am

ariku
| Joined Nov 2010 | Status: Trader | 30 Posts

Here are the indicators that sidefx could'nt upload. Let's see what we can start doing with these. Thank you sidefx for sharing the info and the contributions for the thread! I'm also going to start following this thread more closely.

-Richard

Attached File(s)

b-clock.mq4 2 KB | 313 downloads

xADR_vbobv1.mq4 4 KB | 383 downloads

MACD_SMA_alerts_v4.mq4 6 KB | 353 downloads

Pivot Points Multitimeframe.mq4 45 KB | 395 downloads

i-Sessions pst.mq4 6 KB | 400 downloads

#170
Dec 8, 2010 4:40am Dec 8, 2010 4:40am

sidefx
| Joined Sep 2010 | Status: Trader | 910 Posts

Quoting ariku

Disliked

Here are the indicators that sidefx could'nt upload. Let's see what we can start doing with these. Thank you sidefx for sharing the info and the contributions for the thread! I'm also going to start following this thread more closely.

-Richard

Ignored

Nice one, thanks Richard.

#171
Edited 5:43am Dec 8, 2010 4:45am | Edited 5:43am

sidefx
| Joined Sep 2010 | Status: Trader | 910 Posts

..anyone taking the 5m GU short? Advanced entry already triggered and now testing swing 2...order in @5767 and given the strength of demand earlier in the session, that's where i'd like to take final exit.

edit: not this time, will have to wait a while.

#172
Edited 5:17am Dec 8, 2010 5:07am | Edited 5:17am

sidefx
| Joined Sep 2010 | Status: Trader | 910 Posts

...picture perfect 5M short...missed it myself though...again, look how price is interacting with that 138.2 fib extension and daily S1.

Attached Image (click to enlarge)

Click to Enlarge

Name: 8th Dec EU 123 short.PNG
Size: 36 KB

#173
Dec 8, 2010 5:12am Dec 8, 2010 5:12am

chaveznqoos
Joined Jun 2006 | Status: Trader | 464 Posts

Quoting ariku

Disliked

Here are the indicators that sidefx could'nt upload. Let's see what we can start doing with these. Thank you sidefx for sharing the info and the contributions for the thread! I'm also going to start following this thread more closely.

-Richard

Ignored

Thanks Ariku

#174
Dec 8, 2010 6:17am Dec 8, 2010 6:17am

Delite
| Joined Aug 2010 | Status: Trader | 902 Posts

Quoting sidefx

Disliked

..anyone taking the 5m GU short? Advanced entry already triggered and now testing swing 2...order in @5767 and given the strength of demand earlier in the session, that's where i'd like to take final exit.

edit: not this time, will have to wait a while.

Ignored

IMO - that second swing high was too close to the first. I like to see a bit of blue sky between them...

#175
Dec 8, 2010 6:38am Dec 8, 2010 6:38am

sidefx
| Joined Sep 2010 | Status: Trader | 910 Posts

Quoting Delite

Disliked

IMO - that second swing high was too close to the first. I like to see a bit of blue sky between them...

Ignored

Yes, i take your point - it would be interesting to hear Paulus' view on this too - he seems to use a fairly mechanical/black white approach...using other clues, the pattern on the 5m had a bull flag look and feel to it (IMO) and price had been holding above today's pivot, so a successful short from this area had a much lower probability.

#176
Dec 8, 2010 6:50am Dec 8, 2010 6:50am