1 2 3 Strategy explained

123 nice move on rangebars it is clear--- hiting tp -- 161 tp1 261 tp2

Sl is on 1

charts

See here I post the result for October- (see the charts) post 1085 --1088

http://www.forexfactory.com/showthre...250606&page=73

very interesting system
will soon give it a try

you can find us on this thread.. we are disscuing all 123 sistems, and indis..

Multiple Trading systems gbpusd only - Page 76 @ Forex Factory

regards

I'd have to say a few thousand hours screen time, experience is king...


Good thread...

Hey i take this occasion to say merry christmas to everybody in ff!
(sorry for the little delay)

)

Thank you for this AMAZING thread, Mr Tunera...

I have a deep respect for your insights about price action!

Your trading method is not easy to grasp but with practice it gets a little more easy to see the patterns!

Thank you again and hope to read more post from you.

HAPPY NEW YEAR OF TRADING!!!

Hello fellow traders:

Im sorry for my ignorance but Im having a hard time to figure out a more objective way to mark the 1,2,3 pattern on my charts...

Is there a rule of thumb about that? I Mean, could the 1,2,3 be set on a failure High after a serious of higher highs for example (or a failure low on a serious of lower lows).

I know that the failure highs or lows are the best setups for this kind of trade but is there another set of rules for this?

I uploaded a chart so I could be more clear about this question...

I think that definitelly looking for reversal of retracements in Multiple Timeframe is a good way to look at it but isn't that actually looking for tops and bottoms? Isn't that dangerous?

Hope you understand my doubts.

One more thing... I've been using an oscillator to check the momentum of price action. I think it is probably helpful to identify areas were the price could resume main trend. If we combine this with 123 I think it could be useful.

Thank you in advance!

About my last post...

I was watching this in a little more depth today and I think Multiple Timeframes are the answer to my doubts... but this isn't easy at all!

Ill keep on practicing!!!

This strategy is very interesting specially if you have a clear vision of the BIG picture! The RR ratio is perfect.

Thank you again for this thread

Sometimes, a simple PA method is so effective that I almost regret that I spent so many hours figuring out a bunch of technical analysis and indicators. Don't get me wrong, I know many good methods just like those threads in FF, but most of their rules are rather complicated and takes time to understand the logic, etc while the entry points are often the same with this kind of PA systems.

It makes me wonder if all those pros figured a bunch of technical analysis were not that necessary.

I quite like Tunera's thread......but it does not seem to be very active.
I would be delighted if he would post more examples here.

There is a lot of 123 discussion going on over on this thread.
http://www.forexfactory.com/showthread.php?t=232466
....specifically Paulus's posts

Paulus trades the 123 for reversals.

Correct me if I am wrong but Tunera trades them as trade continuation

Neither is right or wrong but I do think one needs to decide which way one is going to play it.

PGPB

Yes Mr pgpb I can see what you are saying. Mr Tunera uses it for Trend resumption, I think!

If we look at Mr Tuneras first posts (the blueprints for the strategy) he shows setups for main trend resumption!

That's such a great way to look at this because it changes the whole picture of trading. We are actually playing a TOP or BOTTOM but inside a trend wich gives us an VERY GOOD advantage for getting it right. And because RR ratio is very good we have an hedge!

I uploaded an example of my understanding of all this!

Greetings and thanks for your all your help

In 123 trading, a 3 point should not be higher than a 1 point (in your 4 hour chart your 3 point is higher than the 1)

See this attached document.

However this is Tunera's thread so it would be great if he responded...I have tons of respect for his knowledge

PGPB

Tank you for your tip...

You are probably right. But the fact that the 3 on my example was coincident with the fib retracement 38,2 made me take it as a reversal... but i absolutely agree with you...


Thank you very much for your upload...
Cheers

I was wondering if there is a difference between M-top/W-bottom and 123 system?

IMHO.....they are the exact same thing.

PGPB

Thought so. Lately I have been reading the same systems in different threads, but I noticed they put different titles.

I think this system is one of the best. It seems this gives the most entry opportunities IMO yet pretty accurate. Honestly, combined with a good breakout strategy, which is another PA method, I think I am done with reading a strategy thread.