here they are you may contest them but they where profitable
cheers Luis
lets post some charts people how do you trade the 123 come on...
cheers Luis
lets post some charts people how do you trade the 123 come on...
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DislikedHere is my EURUSD 123 trade that i just entered and would want some comments. In the pictures below you can see my entry, stoploss and takeprofit. I put the tp according to daily candles and stoploss according to 30min candles. Is this okay? And would it be better to move the stoploss to the place i pointed out? I thought that since i'm really trying to catch a big move the trade should have some breathing room. And once it moves up a bit i will move the stoploss upwards also.
Anyone else taking this trade? Comments? Please?...Ignored
DislikedIv have been checking most of my trades for the last coupkle months and it seems to be an advantage to start the count 1 hour earlier than my normal 8am UK time start
The hour before this captures Frankfurt open and seems to be worth it
cheers
PaulIgnored
DislikedI did my best to follow Paulus' rules which are:
- I start looking for 123 at 7am uk time on...not before
- If we are going up in the Asian session I look for a short and visa versa
- I always take trend reversals not continuation of trends
- If I take a short 1st thing then the rest of my trades go long short long short etc
- I must have more than 1 candle in between 1 and 2 and 2 and 3
- The pull back or rally from 2 to 3 must reach the 61.8% of the 1 to 2 move
- My stop loss now goes 1pip below or above 1
- My TP is always the distance from...Ignored
DislikedHere is my EURUSD 123 trade that i just entered and would want some comments. In the pictures below you can see my entry, stoploss and takeprofit. I put the tp according to daily candles and stoploss according to 30min candles. Is this okay? And would it be better to move the stoploss to the place i pointed out? I thought that since i'm really trying to catch a big move the trade should have some breathing room. And once it moves up a bit i will move the stoploss upwards also.
Anyone else taking this trade? Comments? Please?
-Richard...Ignored
DislikedInteresting. Do you keep your count within each session or allow a crossover between Frankfurt and London? I ask, because Frankfurt often produces a head fake, so I am interested in how you account for this.
All the bestIgnored
Disliked1 trade on GU +48 and long from 1.57.70 with a TP of 1.5799
2 trades on EU +15 and +30 have a 1 and 2 count in for the long
cheers
PIgnored
DislikedEDIT: @ Delite...thanks for the info...I will check it out!
OK, my wife and I have compiled the February 2010 results...the quick summary is:
Total pips: 325.8
Hit rate: 21/31
Avg. pips per trade: 10.51
Avg. pips per day: 16.29
I feel those are very good numbers! Especially the pips per trade number...if this stays fairly high, even a hit rate below 50% will work
Regards,
JeffIgnored
DislikedJeff thanks for doing the back ground work ..it takes time to do properly and you have done a good job..your right in hindsight the 123 count can easily fool you ..I often will go back over my daily trades if I have time whined it back to start time and then just keep hitting the F12 key which will adavance the day on 1 bar at a time alot better than looking at the whole chart and picking out past trades
thank your wife for me
cheers
PaulusIgnored
DislikedHi Richard
You don't have to wait for the break of the 2 point to enter (the traditional place), you can also enter as soon as price goes above the doji around 3445 on your chart. Personally I prefer to get direction from a higher time frame and then enter from 1 2 3 on 5 min using comparatively small stops. Something to consider.Ignored
DislikedHi Paulus,
can you please advise how you enter the trade ? it is directly pending order after see 2 ?
Thanks,Ignored