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1.2.3. break bacis

  • #321
  • Sep 19, 2013 5:00pm Sep 19, 2013 5:00pm
Quoting TEB63
I never understand why threads on simple systems like this one never last long. I think its because those who know how to trade - trade something like this and those who do not know how to trade have 100000 tools on there charts! I get pips everyday with this system!!


Really? I use another system:

It's a point system based on

1. The weekly, daily, 4 hour, 1 hour, 30min, 15 min and 5 min charts
2. I look at news, interest rates differences, cot, trend, swing, candles, how other markets are moving and a few other things.

Hope that helps.
  • #322
  • Edited 5:27pm Sep 19, 2013 5:10pm | Edited 5:27pm
lol

No I use those to find trend not to trade!( sort of)
and I use points only for some system this is a stand alone system

oh... there may have been an inside joke in that posting by the way

But its not from thread right
  • #323
  • Sep 20, 2013 5:53am Sep 20, 2013 5:53am
Quoting TEB63
lol No I use those to find trend not to trade!( sort of) and I use points only for some system this is a stand alone system oh... there may have been an inside joke in that posting by the way But its not from thread right



Glad you saw the funny side
  • #324
  • Sep 22, 2013 4:47am Sep 22, 2013 4:47am
EU +21 +10 +17 +4

Thanks Teb, do not know how I missed this thread, must have been the full stops in the thread title, I searched for 123 so 1.2.3 did not show up.

Nice 123 method to add to my arsenal of 123 methods. I did not follow your rules entirely, my apologies.

First Trade. 123 short from strong resistance area 1.3550, my favorite 123, 2 lots, first target the 300 second target the 400 & BRN 1.3500, first target achieved moved stop to 200. Stopped out at 200.

Second Trade. According to Tebīs rules. Safe first target the BRN 1.3500 & 200, last swing down did not reach the BRN so this time the BRN most likely target, second target the 300 at 1.3480. First target achieved moved stop to intermediate Fib 123.8%, the 161% fib was to close to the price. The Pin Bar off support BRN 1.3500 should have told me to close all but I held on, got stopped at 123.8%.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #325
  • Sep 22, 2013 4:20pm Sep 22, 2013 4:20pm
Attached Image (click to enlarge)
Click to Enlarge Name: system 2.PNG Size: 92 KB
  • #326
  • Sep 22, 2013 8:14pm Sep 22, 2013 8:14pm
Quoting TEB63
{image}

....Beautiful TEB.......
The Chonchy
  • #327
  • Sep 23, 2013 7:59am Sep 23, 2013 7:59am
GU +30
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #328
  • Sep 23, 2013 8:04am Sep 23, 2013 8:04am
Quoting dee50
GU +30 {image}
Good chart
  • #329
  • Sep 23, 2013 9:36am Sep 23, 2013 9:36am
EU +20
Attached Image (click to enlarge)
Click to Enlarge Name: EU +20 23 09.png Size: 27 KB
Cut your Losers short and let your Winners run.
  • #330
  • Sep 23, 2013 11:27am Sep 23, 2013 11:27am
AU +25
Attached Image (click to enlarge)
Click to Enlarge Name: AU +25.png Size: 30 KB
Cut your Losers short and let your Winners run.
  • #331
  • Edited 6:46pm Sep 23, 2013 6:30pm | Edited 6:46pm
ADUD 15 min got both these .. still short current.. based on hour chart which shows bigger 1..2..3.. plus dtop..on the hour you could say it is an inverse H/S.. but at this point in time I choose my first call.. week mid point is pivot 9400 ish
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  • #332
  • Sep 23, 2013 7:22pm Sep 23, 2013 7:22pm
Quoting danc
ADUD 15 min got both these .. still short current.. based on hour chart which shows bigger 1..2..3.. plus dtop..on the hour you could say it is an inverse H/S.. but at this point in time I choose my first call.. week mid point is pivot 9400 ish {image}
out at weekly ppx
  • #333
  • Sep 24, 2013 5:08pm Sep 24, 2013 5:08pm
Thanks TEB for sharing this strategy. I'm a complete newbie and have been looking for something exactly like this: a simple system where the basic tools of trend identification, indicator use, Fibos and MM rules go together.

There is always more to learn, but in my case, I feel it's high time to actually start executing a trading strategy. I'm bored of just playing around (and getting stopped out without a consistent strategy) and reading completely contradicting opinions in the trading threads.
--I'm a demo newbie, please be cautious.
  • #334
  • Sep 25, 2013 10:41am Sep 25, 2013 10:41am
Wowowoooo it worked great, I messed it up only that I did not know at first how to partially close an order (@200%), so I closed it all. Let this be my greatest concern.

So the rules I use so far on M5:
- Trend: Alligator's teeth (3xEMA) in order, RSI-14 on the right side of 50, ADX-14>20
- Tool: At first, nothing, how do you exactly use Fractals?
- Trigger: 1-2-3
- Stop: under point 1, with 2% risk
- Target: close 50% at 200% (move SL to riskless), close rest at 350%

What do you think? Is 2% reasonable, or do you use a different rule?
--I'm a demo newbie, please be cautious.
  • #335
  • Sep 25, 2013 1:50pm Sep 25, 2013 1:50pm
Quoting danc
ADUD 15 min got both these .. still short current.. based on hour chart which shows bigger 1..2..3.. plus dtop..on the hour you could say it is an inverse H/S.. but at this point in time I choose my first call.. week mid point is pivot 9400 ish {image}
Hi Danc, I looked at your example at screen, and could not understand...in green boxes you show point 123 to enter. and the entry is followed by trend. But if we look to CCI, it is located in overbought zone and does not recommend to buy. Perhaps its possible to use the strategy without CCI?
  • #336
  • Sep 26, 2013 5:10am Sep 26, 2013 5:10am
why are you adding things - the reason it works is it is simple!!!
add tools and loss pips
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  • #337
  • Sep 26, 2013 5:49am Sep 26, 2013 5:49am
This is virtually identicle to my own system that I completed just this year. I was looking for a simpler way to trade that avoided having to check multiple time frames, C.O.T data, news reports etc to make discretionary decisions on direction and entry but kept me on the right side of the move and trading when momentum is present. Wish I had just read this thread when you first posted it.

I use a 2;1 reward/risk instead of your fib targets and longer periods for the ma's but the entry method is the same as are the rules about between the ma's.
BTC Return This Year: na
  • #338
  • Sep 26, 2013 6:56am Sep 26, 2013 6:56am
GU(5min)...perhaps a tad contrived but willing to give the short a go, if triggered.
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  • #339
  • Sep 26, 2013 10:19am Sep 26, 2013 10:19am
Given time of day, took +24 around the RN, S1 and not far off ADR.
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  • #340
  • Edited 5:58am Sep 27, 2013 4:34am | Edited 5:58am
AU short first to trigger for me this morning...

Edit: closed around the RN for +16. Also have an AJ short from 91.92. I love this strat!
Attached Image(s) (click to enlarge)
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