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123PatternsV6 revisited

  • #501
  • Jul 9, 2013 5:50am Jul 9, 2013 5:50am
Quoting Tok
All these pips being made, yet some how my trades never win. And I use 123 pattern off S/R every single time.
I know exactly what you are doing wrong, it is as clear as day. I have a special piece of equipment for this type of post
http://www.themoreuknow.com/image/sm...tal%20ball.gifhttp://www.smileyvault.com/albums/us...lBallHands.gif
Cut your Losers short and let your Winners run.
  • #502
  • Jul 9, 2013 5:53am Jul 9, 2013 5:53am
Quoting dee50
{quote} I know exactly what you are doing wrong, it is as clear as day. I have a special piece of equipment for this type of post {image}{image}
Here's once.

Price already pulled back and then went passed the "2" candle for a conservative entry. Then it pulls back again.

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  • #503
  • Jul 9, 2013 5:57am Jul 9, 2013 5:57am
This is an excellent site if you want to learn the intricacies of understanding and using PA.

http://www.learntotradethemarket.com/

Run by Nial Fuller a well respected full time trader, he does have a paid training course, but pretty much most of the site is free and full to the brim with really good guidance.

No! I am not on a commission.
Cut your Losers short and let your Winners run.
  • #504
  • Jul 9, 2013 5:58am Jul 9, 2013 5:58am
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Here is another pullback.

Once it retraces and surpassed the "2" point, I will enter the trade. I'm confident PA will prove useless again, but lets just prove the people here wrong.
  • #505
  • Jul 9, 2013 6:00am Jul 9, 2013 6:00am
Quoting dee50
This is an excellent site if you want to learn the intricacies of understanding and using PA. http://www.learntotradethemarket.com/ Run by Nial Fuller a well respected full time trader, he does have a paid training course, but pretty much most of the site is free and full to the brim with really good guidance. No! I am not on a commission.
Why are you linking me to a website?

I just showed you a valid 123 pattern, with a conservative entry that failed.

Either my entry was wrong, which I'm confident it wasn't, or so called 'price action' is a load of B.S.
  • #506
  • Jul 9, 2013 6:11am Jul 9, 2013 6:11am
Quoting Tok
{quote} Here's once. Price already pulled back and then went passed the "2" candle for a conservative entry. Then it pulls back again. {image}
No surprises here
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Cut your Losers short and let your Winners run.
  • #507
  • Jul 9, 2013 6:39am Jul 9, 2013 6:39am
Continuing the theme. USDCAD Higher Time Frame 4H Channel. Does not hurt to look up, PA is in the center of the channel with Resistance at the same level. A great opportunity to go long??
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Cut your Losers short and let your Winners run.
  • #508
  • Jul 9, 2013 6:55am Jul 9, 2013 6:55am


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  • #509
  • Jul 9, 2013 7:16am Jul 9, 2013 7:16am
I read the whole thread from zigzag simple -> advance -> complex -> expert -> nonesense.
This thread is really dead from zigzag to a different dimension of chart..
I use zigzag as my guide and it works very well.

For the new traders just always make it simple. Make it too complicated doesn't make it profitable.

By the way you guys have a very colorful chart keep it up, you guys literally makes trading as an art
"I made money every time you place your Stop loss too close to ME"
  • #510
  • Jul 9, 2013 7:55am Jul 9, 2013 7:55am


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  • #511
  • Jul 9, 2013 8:05am Jul 9, 2013 8:05am
Dee, can you give me any advice?
  • #512
  • Jul 9, 2013 8:34am Jul 9, 2013 8:34am
Quoting Masterm1nd
I read the whole thread from zigzag simple -> advance -> complex -> expert -> nonesense. This thread is really dead from zigzag to a different dimension of chart.. I use zigzag as my guide and it works very well. For the new traders just always make it simple. Make it too complicated doesn't make it profitable. By the way you guys have a very colorful chart keep it up, you guys literally makes trading as an art
Sarcasm. WHY??? Your method of trading is clean and simple, I checked, but does that mean that every one elses methods are invalid?
Cut your Losers short and let your Winners run.
  • #513
  • Edited 8:50am Jul 9, 2013 8:35am | Edited 8:50am
Quoting Tok
Dee, can you give me any advice?
I will respond on the thread that you started, be more appropriate.

EDIT

I have just read thru your thread and apart from the usual few gonads, most of the advice is extremely sound and there is nothing that I can add to it.
Cut your Losers short and let your Winners run.
  • #514
  • Jul 9, 2013 8:36am Jul 9, 2013 8:36am
colourfull type

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  • #515
  • Jul 9, 2013 9:44am Jul 9, 2013 9:44am
EU +70. Grueling day, was tempted to close so many times, but, I have learnt not to interfere with the trade. Multiple choice TPs so just kept moving the TP down as price continued to drift down, I finally opted for the area just above the confluence of 100% Fib, BRN and S&R.
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Cut your Losers short and let your Winners run.
  • #516
  • Jul 9, 2013 11:18am Jul 9, 2013 11:18am
That's Great dee50 , you are a natural trader ,I wish you keep posting your trades so that I learn more from you.
  • #517
  • Jul 9, 2013 11:27am Jul 9, 2013 11:27am
Quoting jasakreatif
colourfull type {image}

What are the colored bars?
Inside bars and outside bars?

thx

PGPB
  • #518
  • Jul 9, 2013 3:16pm Jul 9, 2013 3:16pm
Quoting pgpb
{quote} What are the colored bars? Inside bars and outside bars? thx PGPB
old indi http://www.forexfactory.com/showthre...03#post5219503
  • #519
  • Edited 7:59am Jul 10, 2013 7:46am | Edited 7:59am
EU +37. Some times you have to interfere and close a trade when the PA is telling you to. This is what I saw. Also if you look at the swing high, you have a large green candle followed by a large red candle which closes near the bottom of the green candle, this the signal for a Pin Bar on a higher time frame, in this instance the 15 min.
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Cut your Losers short and let your Winners run.
  • #520
  • Jul 10, 2013 8:32am Jul 10, 2013 8:32am
Always check HTF. You will miss important information if you only look at the lower time frame. Look Left, Look Up (for passing pigeons) and then act.
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Cut your Losers short and let your Winners run.
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