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123PatternsV6 revisited

  • #421
  • Jun 13, 2013 1:42pm Jun 13, 2013 1:42pm
Hi DEE50,
I want share with you and all traders of this comunity my simple system to trade 123 and divergences on stoch 5-3-3.
You must use google traslator because my language is italian and I wrote this word file some years ago.........nothing is changed since that time!
good reading!
Attached File(s)
File Type: rar DIVERGENZE SU 2 TIME FRAMES.rar   80 KB | 883 downloads
  • #422
  • Jun 14, 2013 8:21am Jun 14, 2013 8:21am
EU +40 pips + EJ +40 pips = 80 pips for today. Every one a 123. Notice how I am using the target from a larger 123 for my TPs. Do not be afraid to try this, the worst that can happen is that price will not reach your extended target and you will have to B/E.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU +40.png Size: 39 KB
Click to Enlarge Name: EJ +40.png Size: 32 KB
Cut your Losers short and let your Winners run.
  • #423
  • Jun 14, 2013 11:13am Jun 14, 2013 11:13am
Quoting dee50
EU +40 pips + EJ +40 pips = 80 pips for today. Every one a 123. Notice how I am using the target from a larger 123 for my TPs. Do not be afraid to try this, the worst that can happen is that price will not reach your extended target and you will have to B/E. {image} {image}
DEE 50 AND ALL TRADERS IN THIS Thread THREAD I WANT TO ADD SOME THING GOING Very WELL WITH STRATEGY THAT ADD EMA 144+EMA 10

ALL EXPLAINED IN THIS PDF
Attached File(s)
File Type: pdf rover_north.pdf   1.3 MB | 4,132 downloads


VV GOOD PIPS ESPECIALLY WITH GPY/JPY & EJ
PLEASE
Attached File(s)
File Type: pdf rover_north.pdf   1.3 MB | 4,132 downloads
USE IT DEMOOOOOOO FIRST

HAVE A NICE WEEK END

AMIR SAID
  • #424
  • Jun 14, 2013 12:42pm Jun 14, 2013 12:42pm
Quoting dee50
Every one a 123. Notice how I am using the target from a larger 123 for my TPs. Do not be afraid to try this, the worst that can happen is that price will not reach your extended target and you will have to B/E.
dee50, In the last two attachments your three points to set the fibo expasion are the immediately previous 123 points determined by the 123 indicator. However, I have seen in few other attachments you use different points. Can you expand a little on what is your criteria for choosing the anchor points. More specifically, how do you choose them when they are not 123 points?
Thank you and have a wonderful weekend. :O)
  • #425
  • Jun 16, 2013 4:18am Jun 16, 2013 4:18am
the 123patternsv7 indicator repaint?
  • #426
  • Jun 16, 2013 7:12am Jun 16, 2013 7:12am
Quoting bcarbon
{quote} dee50, In the last two attachments your three points to set the fibo expasion are the immediately previous 123 points determined by the 123 indicator. However, I have seen in few other attachments you use different points. Can you expand a little on what is your criteria for choosing the anchor points. More specifically, how do you choose them when they are not 123 points? Thank you and have a wonderful weekend. :O)
They are 123 points, you will probably have noticed by now that the 123 Indi does not identify all the 123s, and I do not choose my trades based on the indi, I choose my trades based on what 3 time frames are showing me. The fact that my trades coincide with the 123 Ind just goes to show how good it is. As for how I determine my TP, I do not use the Fib Expansion In isolation. I hope the attached chart explains it. I look for Confluence of Fibs & S&R where price has been before, is price reacting to the fib levels. That is how I determine my initial TP, if another 123 forms after my entry I measure the Expansion and see if it agrees with my initial assessment. If I have missed the entry for a larger 123 I measure the expansion from the previous formation. I base this on the fact that the larger the 123 formation is, the more relevant it is because it will also be visible on the Higher Time frames so more traders will be reacting to it.
Attached Image (click to enlarge)
Click to Enlarge Name: Which TP.png Size: 43 KB
Cut your Losers short and let your Winners run.
  • #427
  • Jun 17, 2013 12:27pm Jun 17, 2013 12:27pm
AU +60 pips. Took this trade on my Futures account. A mixed trade using a BPC and 123 combination for the entry. BPC = Breakout Pullback Continuation. I do not need to explain this, do I?
Attached Image (click to enlarge)
Click to Enlarge Name: BPC +60 pips.png Size: 29 KB
Cut your Losers short and let your Winners run.
  • #428
  • Jun 17, 2013 2:39pm Jun 17, 2013 2:39pm
Quoting dee50
{quote} They are 123 points, you will probably have noticed by now that the 123 Indi does not identify all the 123s, and I do not choose my trades based on the indi, I choose my trades based on what 3 time frames are showing me. The fact that my trades coincide with the 123 Ind just goes to show how good it is. As for how I determine my TP, I do not use the Fib Expansion In isolation. I hope the attached chart explains it. I look for Confluence of Fibs & S&R where price has been before, is price reacting to the fib levels. That is how I determine...
dee50, Thank you for your detailed explanation.
  • #429
  • Jun 18, 2013 5:02am Jun 18, 2013 5:02am
EU +50 pips. So simple even I can make money. 123 off support followed by 123 break of resistance confirming momentum long. Does not get much easier.

I really do not understand why more traders are not trading this pattern, one of the oldest, most reliable patterns that there is. And yet, the threads here on FF and other forums about the 123, are short lived. Traffic light methods run for years with only mediocre success. Ain´t folks queer?
Attached Image (click to enlarge)
Click to Enlarge Name: EU +50.png Size: 28 KB
Cut your Losers short and let your Winners run.
  • #430
  • Jun 18, 2013 5:21am Jun 18, 2013 5:21am
True - it's a pity that Robdee didn't have a chance to finish the work he started.
  • #431
  • Jun 18, 2013 6:40am Jun 18, 2013 6:40am
Quoting dee50
EU +50 pips. So simple even I can make money. 123 off support followed by 123 break of resistance confirming momentum long. Does not get much easier. I really do not understand why more traders are not trading this pattern, one of the oldest, most reliable patterns that there is. And yet, the threads here on FF and other forums about the 123, are short lived. Traffic light methods run for years with only mediocre success. Ain´t folks queer? {image}
Hi dee50, where did you pull the higher TF fib from/to? Many thanks!
  • #432
  • Jun 18, 2013 8:34am Jun 18, 2013 8:34am
Quoting sidefx
{quote} Hi dee50, where did you pull the higher TF fib from/to? Many thanks!
Here to here
Attached Image (click to enlarge)
Click to Enlarge Name: here to here.png Size: 75 KB
Cut your Losers short and let your Winners run.
  • #433
  • Jun 18, 2013 9:10am Jun 18, 2013 9:10am
EU +30 pips. Another no brainer off support. Opportunities on other pairs as well today, but this will do for today.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 30 more.png Size: 18 KB
Cut your Losers short and let your Winners run.
  • #434
  • Jun 18, 2013 10:35am Jun 18, 2013 10:35am
Quoting dee50
{quote} Here to here {image}
Cheers! Another great day for you. Your win rate is very high. When was the last time you took a loss? I'd be interested in seeing the losers too
  • #435
  • Jun 18, 2013 11:04am Jun 18, 2013 11:04am
Nice going dee,

any thoughts on Pivots?

All the best.

Nick
  • #436
  • Jun 18, 2013 11:57am Jun 18, 2013 11:57am
Quoting dee50
{quote} Here to here {image}

well done dee50 but its much easire drwe it in 30 min tf


from minimize chart (zoom out)
from swing to swing
  • #437
  • Jun 18, 2013 3:01pm Jun 18, 2013 3:01pm
Quoting dee50
{quote} I shall look forward to your Demark Sequential thread. PM me when you are ready to start.
Do you ever use the Demark Combination stuff like this?

Inserted Video
  • #438
  • Jun 19, 2013 8:32am Jun 19, 2013 8:32am
Quoting sidefx
{quote} Cheers! Another great day for you. Your win rate is very high. When was the last time you took a loss? I'd be interested in seeing the losers too
Last loser was here. http://www.forexfactory.com/showthre...62#post6706262.

I used to have lots of losses, years ago, I believed the crap that losses are part of trading and you should accept them, but I wasn´t making any money with that attitude, now, I do not like losses!! I close for B/E or a small loss, if I have to, and then re enter if price turns and continues. I see no need to hold a trade until my stop loss is hit, I actually think that that is one of the most stupid things to do in trading. If my entry is wrong, I get out.
If you pick your entry correctly there should be no need to take a loss.
I never ever let a winner turn into a loser.
I like the 123 entry off Support or Resistance because price will move far enough to guarantee a profit or at least a safe exit.
I limit myself to no more than 2-3 trades per day, reduces my exposure to risk and reduces the chance of an impulse trade. Unless I am feeling playful.
I have learned to be patient and wait for right setup.
I pass on trades that I am not 100% confident about.
Cut your Losers short and let your Winners run.
  • #439
  • Jun 19, 2013 8:39am Jun 19, 2013 8:39am
Quoting fxstevyboy
{quote} Do you ever use the Demark Combination stuff like this? http://www.youtube.com/watch?v=i5owKzrLhNU

Short answer. No. I have looked, recently, at Demark but considered that the method did not offer anything significantly better for me so I stuck with PA, experience and a bit of the TMS.
Cut your Losers short and let your Winners run.
  • #440
  • Jun 19, 2013 8:41am Jun 19, 2013 8:41am
Quoting Amirsaid
{quote} well done dee50 but its much easire drwe it in 30 min tf
Or 15 min or 1 Hr or a combination of all 3
Cut your Losers short and let your Winners run.
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