Cut your Losers short and let your Winners run.
Inside Bar Trading Revisited 871 replies
123patternsv6 no longer works on MT4 - updated version? 3 replies
News straddling with Amazing EA, revisited 11 replies
DislikedEU + 50 pips. My favorite 123. A signal from a S&R level in this instance the 200 EMA, then lots of confirmation all the way down. The smaller text you can see is another Indi that shows 123s and Ross Hooks, I am in the process of trying it out in conjunction with the 123pattern Indi. searching thru other threads on the 123 pattern, I am astounded by the number of "Traders"?? who say the 123 swing pattern does not work or they can not make money with this pattern. I would suggest that they first learn what the pattern is all about and what the...Ignored
DislikedI created all these formulas in metastock eod and real time...so if you want I can suggest you to create these formulas (I know nothing about mt4 language). Tell me if you are interested with......... best regardsIgnored
Disliked{quote} Dee, are you using s&r to trigger all your trades? I think most traders cant make 123 work because they lose when the market chops.. I think 123 is trend strategy imo..Ignored
Disliked{quote} Dee, are you using s&r to trigger all your trades? I think most traders cant make 123 work because they lose when the market chops.. I think 123 is trend strategy imo..Ignored
DislikedReading thru an older 123 thread I came across this PDF. Slightly different approach to entries, thought you all might find it interesting. {image}Ignored
Disliked{quote} Thanks dee50, very interesting. Could be a similar setup on EU (15M) forming now in fact...There's also 61.8/R1 confluence around potential point '3'. Edit: setup now void. '1' exceeded. {image}Ignored
Disliked{quote} I agree it looked like it could have set up for a 123, especially off a Double Top with Regular Divergence, but there was below--- Trend Line support Hidden Divergence and now Bearish Divergence. I would prefer to see the Stochs Divergence coming from OB/OS to below/above the 68 or the 32. This would make the divergence much more convincing. Just above current price is a previous Minor S&R With this sort of PA I would not expect to be trading a 123, I would be looking to trade a Range or Channel. However as it is still only a 35 pip Range...Ignored