123 does not work!!!! No One makes money from 123!!!!
Here is an example of 4 trades this morning, all started from well defined S&R levels, with average R:R 1:2 using the 200 Target level as defined by TEB´s method. When price comes within a couple of pips of the 200 move SL to B/E (no R:R) free trade. SL goes initially above/below the 3 point.
This is my futures platform so the pairs are clockwise. EU, GU, AU and Yen $ (UJ)
If you have not yet done so, go look at TEB´s thread, just bare in mind that the thread started and ended in 2008 when all pairs had a much greater daily range, so you need to adjust your expectations for today´s market.
http://www.forexfactory.com/showthread.php?t=106165
Here is an example of 4 trades this morning, all started from well defined S&R levels, with average R:R 1:2 using the 200 Target level as defined by TEB´s method. When price comes within a couple of pips of the 200 move SL to B/E (no R:R) free trade. SL goes initially above/below the 3 point.
This is my futures platform so the pairs are clockwise. EU, GU, AU and Yen $ (UJ)
If you have not yet done so, go look at TEB´s thread, just bare in mind that the thread started and ended in 2008 when all pairs had a much greater daily range, so you need to adjust your expectations for today´s market.
http://www.forexfactory.com/showthread.php?t=106165
Cut your Losers short and let your Winners run.