DislikedThe 123 set-up you are preaching is not the same as Joe Ross's Ross Hook method. You would need to count a 123 then enter on the next hook after a pull-back. By doing so you minimise false trend breakouts.Ignored
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DislikedThe 123 set-up you are preaching is not the same as Joe Ross's Ross Hook method. You would need to count a 123 then enter on the next hook after a pull-back. By doing so you minimise false trend breakouts.Ignored
Dislikedjust checked your site and it says you have been moved.
can you let me know to where.
thanks evo.http://www.forexfactory.com/images/icons/icon5.gifIgnored
DislikedI trade in my own manner with MAs and one other indicator.
I don't always wait for 2 to be breached as it may be a bounce of a 21 ema as an example. Also strong Price Action may lead me to anticipate the breach of 2.
But...basically what i do is 123.
I realize that at times the conservative action is to wait for 2 to be breached but I am OK with how I treat it.
If you look at most (if not all) successful trading methods that use or don't use indicators then the underlying truth of their system tends to be 123, HH-HL etc.Ignored
DislikedHi PuppyPippy,
This system looks interesting, I'm going to give it a try.
In the last example in your screen shot, for #2, wouldn't "the most recent high after the number 1" be the first blue candle after #1?
Why did you select the second blue candle?
Thank you for sharing.
MarkIgnored
DislikedThe concept of 123 setups was taught a long time ago by Joe Ross. This is nothing new. It does work if you manage your position size properly and have patience to wait for the setups.Ignored
Dislikednothing new or any secrets here...... info on this thread has been out there for a while.
scfxIgnored