DislikedPaulus...
there was a 123 set up between 6:20 and 8:15 NY time.GU.
take a look at this... would you short it ? if no, why not?
thanks.Ignored
Hi there ForexSV......can you post a chart showing what you mean.
thx!
PGPB
How to use the 123 strategy effectively
What is the best TF for the search pattern 123?
Or, once you find the trend (as to which TF?) Should I work about 5 minutes?
Based on your experience, what do you think?
Demo hard until you're very comfortable with what you're doing before throwing your hard earned at it
On the 5min and hrly there are enough setups for me to concentrate just on a couple of pairs (at most), EU & GU.
- #187
- Edited 5:29am Dec 9, 2010 5:11am | Edited 5:29am
...ha void already but now @daily S1 and 20 pips off ADR, so who knows a long might present itself later on....to target this morning's supply zones. IMO it makes more sense to take 123 reversals from areas of more obvious supply/demand, ie where price quickly breaks out from a level.
EU - looking at the hrly chart price is now testing this level for the 3rd time since 3rd Dec, there has been demand at this level but the more it comes back to test it, the fewer buyers there are...in theory, but anything can happen.
but now @daily S1 and 20 pips off ADR, so who knows a long might present itself later on....to target this morning's supply zones. IMO it makes more sense to take 123 reversals from areas of more obvious supply/demand, ie where price quickly breaks out from a level.EU - looking at the hrly chart price is now testing this level for the 3rd time since 3rd Dec, there has been demand at this level but the more it comes back to test it, the fewer buyers there are...in theory, but anything can happen.
