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123PatternsV6 revisited

  • #781
  • Oct 3, 2013 4:18am Oct 3, 2013 4:18am
hopefully this will hit the target other wise i will close it at 1:1 RR
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  • #782
  • Oct 3, 2013 4:54am Oct 3, 2013 4:54am
jeet - are you using zigzag now as well ?
  • #783
  • Oct 3, 2013 5:39am Oct 3, 2013 5:39am
Quoting handy148
jeet - are you using zigzag now as well ?
Not regularly i just put to see how it looks, but i close the trade at 1 :1 RR.. but i think to be a smart trader you have to be one step ahead from price...
  • #784
  • Oct 3, 2013 9:13am Oct 3, 2013 9:13am
This is beautiful, i read some where on FF it says if you know what u r doing one pair is enough to make money..
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  • #785
  • Oct 4, 2013 7:37am Oct 4, 2013 7:37am
Quoting jeetvirk
This is beautiful, i read some where on FF it says if you know what u r doing one pair is enough to make money.. {image}
I jeetvirk
i like to know what average use with TF 15 min.Thanks
  • #786
  • Oct 4, 2013 8:43am Oct 4, 2013 8:43am
Quoting jeetvirk
This is beautiful, i read some where on FF it says if you know what u r doing one pair is enough to make money.. {image}
For over 5 years now I have only traded the eurusd, it has only been in the last couple of weeks that I have decided to watch and trade the EJ, AU,UJ and GU as well, mainly because the daily range has been so small on the EU it has been difficult to make enough pips to justify getting out of bed.
Cut your Losers short and let your Winners run.
  • #787
  • Oct 4, 2013 8:47am Oct 4, 2013 8:47am
EU +40 123 entry on the 1hr. TP was the 38% fib and recent S&R level. Set it, move stop to B/E and leave it. For my part I went out and cleared my vegetable patch of the summer plants and started getting it ready for the winter crop.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +40 04 10.png Size: 23 KB
Cut your Losers short and let your Winners run.
  • #788
  • Oct 4, 2013 9:07am Oct 4, 2013 9:07am
GU +70. The 123 occurred earlier outside my trading time, but the angle of the MAs showed good momentum so I took the trade once price broke below the S&R level. Targeted the 200 even though there was an S&R level just below. Do not be greedy take the pips where you are most likely to get them, you lose less and gain more. I can not get excited about the GU as the pips are only worth half, so 70 sounds good but it is really only 35.

Have a good weekend
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Click to Enlarge Name: GU +70 04 10.png Size: 31 KB
Cut your Losers short and let your Winners run.
  • #789
  • Oct 4, 2013 9:13am Oct 4, 2013 9:13am
Quoting dee50
GU +70. The 123 occurred earlier outside my trading time, but the angle of the MAs showed good momentum so I took the trade once price broke below the S&R level. Targeted the 200 even though there was an S&R level just below. Do not be greedy take the pips where you are most likely to get them, you lose less and gain more. I can not get excited about the GU as the pips are only worth half, so 70 sounds good but it is really only 35. Have a good weekend {image}
Hi,You have token your "1" in order to misure Fibonacci high but thera were other "1" aften Why you didn't take this 1?
  • #790
  • Oct 4, 2013 10:07am Oct 4, 2013 10:07am
Quoting armyda
{quote} Hi,You have token your "1" in order to misure Fibonacci high but thera were other "1" aften Why you didn't take this 1?
Simple. HTF 4hr. also the next 1 was part of consolidation not a swing point. I have said this before but I will say it again, the indicators are an aid to learning to recognize 123s, I personally do not use them to make trade decisions.
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Click to Enlarge Name: Lower high.png Size: 30 KB
Cut your Losers short and let your Winners run.
  • #791
  • Oct 4, 2013 12:19pm Oct 4, 2013 12:19pm
Thanks Dee
Have a good weeK end
  • #792
  • Oct 7, 2013 11:07am Oct 7, 2013 11:07am
EU +25 +25. Nothing fancy, straight forward 123 short, TP S&R. Followed by Pin Bar entry long TP S&R.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +25 +25 07 10.png Size: 35 KB
Cut your Losers short and let your Winners run.
  • #793
  • Oct 7, 2013 3:57pm Oct 7, 2013 3:57pm
Quoting dee50
EU +25 +25. Nothing fancy, straight forward 123 short, TP S&R. Followed by Pin Bar entry long TP S&R. {image}
, did you add new stuff to your strategies as you were following other posts ?
  • #794
  • Oct 7, 2013 8:38pm Oct 7, 2013 8:38pm
Are there any EA's that are built on this thread???
Please check out my blog at https://from-zero-to-hero . net
  • #795
  • Oct 7, 2013 9:32pm Oct 7, 2013 9:32pm
Quoting smash1820
Are there any EA's that are built on this thread???

Yes, of course.

In fact, several here in Forex Factory.
  • #796
  • Oct 7, 2013 9:37pm Oct 7, 2013 9:37pm
Quoting vtayha
Yes, of course. In fact, several here in Forex Factory.
Would you, or anyone, be kind enough to share?

I am trying to build an EA myself and feel that "123 patterns" should be at the core of it.
Please check out my blog at https://from-zero-to-hero . net
  • #797
  • Oct 7, 2013 10:39pm Oct 7, 2013 10:39pm
123 Trading :

Here are some videos which can help you learn to trade the 123 the easy way.

http://www.compassfx.com/video/#1-2-3
  • #798
  • Oct 8, 2013 1:26am Oct 8, 2013 1:26am
Quoting smash1820
{quote} Would you, or anyone, be kind enough to share? I am trying to build an EA myself and feel that "123 patterns" should be at the core of it.
The EA I mentioned are MPTM, THV Cavemanager, Swiss Army EA.
These are good EAs for trade management.
But you have to decide on the trade entry trigger using the 123 pattern.
  • #799
  • Oct 8, 2013 4:35am Oct 8, 2013 4:35am
For those of you trying to build an EA for 123, here is one that I found on another forum. Good Luck.
Attached File(s)
File Type: rar Opto123 v1.5.rar   21 KB | 598 downloads
File Type: pdf Opto123 v1.5 user guide.pdf   612 KB | 733 downloads
Cut your Losers short and let your Winners run.
  • #800
  • Oct 8, 2013 4:51am Oct 8, 2013 4:51am
my scalp 123
ej 15 tmf
entry with PA + 50%
out 127 % fbio Fbio
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have a nice day all bro
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