123PatternsV6 revisited

Quoting geomoon

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{quote} Hah.....well I can think of half of the reasons that you placed which made me think of them as a hunch but I couldn't explained them all as you did.... you are also a good teacher that can explain what is going on couldn't agree more with you that "hunch" should be excluded and work only logical, and to prove your point I made a mistake today using my stupid hunch. I entered with buy at a point with the following reasons : it's a long with up trend, above yesterday close, above a support and the price when touched the previous support...

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Quoting dee50

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{quote} One further thing, Look at the higher time frame in particular the 15min and 1 hr, in that order, that would have made you think twice before going long at that point because every thing was pointing down.

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Quoting geomoon

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{quote} Yes, I understand this but take for example your trade today on 1H and 15M , the chart was pointing down, still though you took your trade based on 5M chart along with the trend and just a bout before the news time, is that correct ?

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Quoting dee50

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{quote} 1hr and 15 min PA, TDI & Stochs were up, I entered at 09.15 gmt (10.15 my chart time) I entered using the 5 min to fine tune the entry, which also had a 123 along with the 15 min chart. News? what news? I pay no attention to news until after 8.30 NY time, if I worried about every news item marked in red on FF I would never trade, there would not be enough time between each news item. Any way I had already checked the expectations for the PMIs and they were expected to be positive, so no surprises there.

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Quoting geomoon

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{quote} well...actually I was confused for little bit, your platform time showed the last time was 9:45 and I had the impression that you and me have the same time zone (+3GMT) and actually that spike with that price and time is 10:15 my platform time, anyway as usual I Learn a new information from you as I was under the impression that as a technical trader "which hopefully I will be " I should stay a way from the news and I was really confused as I was always trying to get in the market after the news, that's why I didn't get any trade today...

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Quoting dee50

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{quote} This might help a little with the news. The whole thing about avoiding the news, is to my mind, a crock of s_ _t, just another myth. I was told that if I abused myself to often I would go blind, 30 years later and after much enjoyment, I still have 20 - 20 vision. I have traded the news, successfully, for years. You just need to be aware of the pitfalls. {image} {image}

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Quoting dee50

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{quote} This might help a little with the news. The whole thing about avoiding the news, is to my mind, a crock of s_ _t, just another myth. I was told that if I abused myself to often I would go blind, 30 years later and after much enjoyment, I still have 20 - 20 vision. I have traded the news, successfully, for years. You just need to be aware of the pitfalls. {image} {image}

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Quoting dee50

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EU +50 . News plus 123 +35= 85pips. 2 trades. 1st trade was a PA trade with TDI & Stochs confirmation. 2nd trade was a news trade using a 123 for the entry following the initial announcement. TP for the first trade was a sensible 50 pips just below the Resistance of todays high. I just rounded up the TP to 35 for the news trade, seemed logical to expect both trades to terminate in the same area. {image}

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Quoting dee50

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EU +30. Straight forward 123 entry, visible on 5 and 15 min charts. Double Top and divergence on 1hr and 15min charts. TP confluence, 38% fibo of yesterdays low/high, BRN and S&R, 15 min 200 EMA just below. I am done for the day, sun is shining, birds are tweeting and I have a life beyond this monitor. {image}

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Quoting dee50

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EU +30. Straight forward 123 entry, visible on 5 and 15 min charts. Double Top and divergence on 1hr and 15min charts. TP confluence, 38% fibo of yesterdays low/high, BRN and S&R, 15 min 200 EMA just below. I am done for the day, sun is shining, birds are tweeting and I have a life beyond this monitor. {image}

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Quoting heispark

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{quote} Hello, Dee First, I appreciate your chart and knowledge sharing. It helps me a lot. I see you often use divergences on TDI. When it comes to Divergence, I thought using CCI is better. In your trading example today, TDI had a diverence (15m) while CCI didn't have. If you don't mind, could you please share your experience with TDI divergence? Is this better than anything others? Thanks Justin

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Quoting geomoon

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{quote} Yapee......I got the same trade with 25 Pips , as far as my reason was only double top along with 123 , target the next support and it worked what I'm really happy for is that I'm taking the same trade with you " with the fact that I'm using nearly half of your logic because I'm still learning " , that means that I'm on the right track..... Thanks Dee....... enjoy your weekend..... {image}

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Quoting dee50

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{quote} Short answer. No. The TDI indicator is made up of a Smoothed RSI and is.......

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Quoting dee50

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EU +20 pips. Slow slow market, Not a 123, but a Triple Top at the BRN 1.3300 was just begging for a quick (hah! 1.25hr) scalp. Counter Trend so a conservative 20pips. TP was confluence of the 200ema and trend line and short term S&R. {image}

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