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123PatternsV6 revisited

  • #701
  • Sep 6, 2013 10:41am Sep 6, 2013 10:41am
Quoting dee50
EU NFP +105. Standard catch it and run, followed by the usual Fade Trade. The third entry was actually a 123, ignore the big wicks and take the entry as price moved over the BRN 3150, if you look closely you will see a 123 inside a 123 as price hit the BRN twice before crossing over. All in All I love the big news days you can make a weeks worth of pips in a couple of hours. {image}

You are a true Guru Dee......no matter where the price run you are one step ahead of it ! Good Job and enjoy your weekend
Cheers
  • #702
  • Sep 6, 2013 2:29pm Sep 6, 2013 2:29pm
Quoting dee50
EU NFP +105. Standard catch it and run, followed by the usual Fade Trade. The third entry was actually a 123, ignore the big wicks and take the entry as price moved over the BRN 3150, if you look closely you will see a 123 inside a 123 as price hit the BRN twice before crossing over. All in All I love the big news days you can make a weeks worth of pips in a couple of hours. {image}
Superb play on this one Dee.
Nailed all the swings!
You make it look so simple. haha
  • #703
  • Sep 7, 2013 10:55am Sep 7, 2013 10:55am
Thanks for the compliments guys, but what I did was not clever or magic. Have a look at the attached 1 minute chart, the first entry was no more skillful than entering as fast as I could following the announcement, the other 2 entries were just a matter of reacting to PA and what the oscillators were telling me.
Attached Image (click to enlarge)
Click to Enlarge Name: NFP 1min chart.png Size: 34 KB
Cut your Losers short and let your Winners run.
  • #704
  • Sep 9, 2013 6:12am Sep 9, 2013 6:12am
when do it seem 1 2 3 (blue and red arrow) points ? after 3 break to 2?
  • #705
  • Sep 9, 2013 6:25am Sep 9, 2013 6:25am
Quoting kepo38
when do it seem 1 2 3 (blue and red arrow) points ? after 3 break to 2?
Sorry but I do not understand what you are asking. What blue and red arrow?
Cut your Losers short and let your Winners run.
  • #706
  • Sep 9, 2013 6:52am Sep 9, 2013 6:52am
Quoting kepo38
when do it seem 1 2 3 (blue and red arrow) points ? after 3 break to 2?
I think that this might provide an answer for you. http://www.forexfactory.com/showthre...34#post5155334

I would suggest that you read this thread from the beginning, and the attachment http://www.forexfactory.com/attachme...mentid=1259832
because you appear to be asking questions that you should not be, if you had grasped the basics of what a 123 is.
Cut your Losers short and let your Winners run.
  • #707
  • Edited 8:00am Sep 9, 2013 6:59am | Edited 8:00am
Quoting dee50
{quote} Sorry but I do not understand what you are asking. What blue and red arrow?
sometimes the arrow shows when the candle closes without the round coloured dots and i then refresh the indicator and the arrow dissapears

is it repaint ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf.png Size: 35 KB
Click to Enlarge Name: usdjpy.png Size: 41 KB
  • #708
  • Edited 8:17am Sep 9, 2013 7:03am | Edited 8:17am
blue points LOST ?

A correct 123-break pattern is made invalid when price breaks back above #3 !
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 59 KB
  • #709
  • Sep 9, 2013 7:06am Sep 9, 2013 7:06am
Quoting kepo38
{quote} is it repeat ?
You mean... 'repaint' ?

Any answer guys....
i worshipped... Momentum
  • #710
  • Sep 9, 2013 7:44am Sep 9, 2013 7:44am
Quoting kepo38
blue points LOST ? {image}
If you had used "options" "search this thread" and entered "repaint" you would have found this post by the thread originator Robdee. http://www.forexfactory.com/showthre...52#post5211952
Cut your Losers short and let your Winners run.
  • #711
  • Sep 9, 2013 7:46am Sep 9, 2013 7:46am
Quoting rockrobb
{quote} You mean... 'repaint' ? Any answer guys....
The answer is here. If you had used "options" "search this thread" and entered "repaint" you would have found this post by the thread originator Robdee. http://www.forexfactory.com/showthre...52#post5211952
Cut your Losers short and let your Winners run.
  • #712
  • Sep 9, 2013 7:51am Sep 9, 2013 7:51am
i understood.. Thank you much
  • #713
  • Sep 9, 2013 7:55am Sep 9, 2013 7:55am
Hey Dee. I'm Improving thanks to you , 34 Pips today !
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 138 KB
  • #714
  • Sep 9, 2013 8:32am Sep 9, 2013 8:32am
Quoting geomoon
Hey Dee. I'm Improving thanks to you , 34 Pips today ! {image}
Excellent. Well done.
Cut your Losers short and let your Winners run.
  • #715
  • Sep 9, 2013 8:54am Sep 9, 2013 8:54am
I did not take this trade, I am some what lazy monday mornings. However, it does provide me with an opportunity to show you how you can use another pattern along with your 123, to determine the most likely place to take Profit. In this instance it is a Pennant pattern. PDF attached explaining the Pennant.

The 1-2 leg formed as part of the LO Fake out, the 2-3 leg pulled back to the TL Base of the Pennant, the early entry would have been as price broke thru the top of the Pennant for the second time, this would have given a 45 pip trade, the standard entry on the break of point 2 would have given 35ish pips.

There are a number of clues as to where price was likely to go. The confluence of Daily S&R and 50% fib & previous area of Resistance just a little lower.

Confluence of the 161.8% Fib exp and BRN 1.3200, this would only have given 15ish pips.

Using a measured move, Market Harmonics, this would have confirmed the most likely TP area was the confluence of Daily S&R, 50% Fib and previous Resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 123 + pennant.png Size: 49 KB
Attached File(s)
File Type: pdf Pennants.pdf   78 KB | 485 downloads
Cut your Losers short and let your Winners run.
  • #716
  • Sep 11, 2013 9:38am Sep 11, 2013 9:38am
Today EU +25. Yesterday EU. +2. +13 +30. Yesterdays trades to the left on the chart. Today straight forward 123. TP confluence of BRN and Daily S&R.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +25 11 09.png Size: 35 KB
Cut your Losers short and let your Winners run.
  • #717
  • Sep 12, 2013 8:24am Sep 12, 2013 8:24am
EU +21 +15. First trade 123 entry off 1hr and 15 min. second trade was a news trade which despite the numbers being good went no where as news came out about 2 states not having accurate figures. What are they on about, since when have any government figures been accurate? have they never heard about the statisticians favorite tool, the Weighted Average.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +21 +15 12 09.png Size: 42 KB
Cut your Losers short and let your Winners run.
  • #718
  • Sep 12, 2013 1:43pm Sep 12, 2013 1:43pm
EU +35 pips. Just got back to find that this 123 went the distance.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +35 12 09.png Size: 42 KB
Cut your Losers short and let your Winners run.
  • #719
  • Sep 12, 2013 3:35pm Sep 12, 2013 3:35pm
Quoting dee50
EU +35 pips. Just got back to find that this 123 went the distance. {image}

I'm not sure how do you do it but you milk every swing as if you already travel in time and read the price where it's heading and where it's going to turn back..... that's cool Dee
  • #720
  • Sep 13, 2013 6:59am Sep 13, 2013 6:59am
Quoting dee50
EU +35 pips. Just got back to find that this 123 went the distance. {image}
My dear DEE you are great.why dont you tell us (poor people) and SHARE US when we have to go short or long in real time??
Thanks DEE
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