Papilios Thread - 1-2-3-Setups and the Floor Trader Method

Hi,

I would like to use this forum as a reminder. I trade 1-2-3-ups and after the floor traders method (also known as 9 / 30, 9 / 20 method) in higher time frames (=> 1 h).
1-2-3-setups should be known to the reader. Information to floor traders method can be found here:

http://www.trading-naked.com/FloorTraderMethod.htm


Criticism and suggestions for improvement are encouraged.

Please excuse my poor language skills. English is not my mother language and I practice it not enough.

I am usually traveling at higher time frame. Today I made one exception.

Hy,

I like these 2 trading methods and will follow your thread.

One quastion: Why not only 9-20 method? Why do you combine with 1-2-3?

Success!

To apply the 9/20-method to be there must be a trend. I want to try out with the 1-2-3 setup as early as possible to get into the trend. Also I use the 1-2-3-setup when I get a pullback, but the 9/20-setup is not clear. Look at the attached chart. I hope it helps

Aha now is clear

es ist klar jetzt

so leicht zu erkennen?

Yes

I don't ask because I don't understand the technic. I want to understand the logic of the owner of the thread, to can follow it.

Deutsch is einfacher fuer mich, aber hier ist die Sprache Englisch, deshalb schreibe ich weiter in Englisch.

Normally could develop here a FTM-setup.
I have no screen time today. That is the reason why I take a 1-2-3-setup with target.

Nice Thread, i will follow it with much interest.

Until now, a bad shot

Forms a point 3, we have a new setup.

No Trigger in AUDJPY.

So much more I plan the future course, the more he does the opposite.
Next time you could put two orders in the market. Above point 1 a stop buy order and below point 2 a sell stop order.

Until next time I think about it.

papilio

Or may be you just need moor practice.

What about this view? Of course, you need to be on PC late in evening.

You have the correct view. I was too stubborn.

The last trade in AUDJPY has annoyed me. I spoke with a friend and he showed me my mistake. In the future I will look at higher timeframe a trend and then see if my setup fits into the big picture. Then I take the setup in a smaller time frame.

Today, we have a good example in gold. Look at the charts

here are two pdf´s. notes to the topic 1-2-3 setup and trend reversal, found on the net.


papilio

I´m waiting for this setup

I´m in.

I´m out.

FTM-Setup L3

Order Type: Sell
Order Price: 0.9347
Target: 0.9307 next S/R