123PatternsV6 revisited | Page 47 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Inside Bar Trading Revisited 871 replies

123patternsv6 no longer works on MT4 - updated version? 3 replies

News straddling with Amazing EA, revisited 11 replies

Newcomb’s paradox revisited? (Trading context) 2 replies

Attachments: 123PatternsV6 revisited
Exit Attachments

123PatternsV6 revisited

  • #921
  • Dec 3, 2013 10:33pm Dec 3, 2013 10:33pm
2dee50

Я смотрю у Вас торговля идет хорошо.
Только на скринах не вижу индикатора 123, в ручную определяете паттерн?
Если не сложно - опишите правила для входов: напишу робота, посмотрим что получится.
******
I see you have a trade goes well.
Just do not see on screen display 123, manually define the pattern?
If not difficult - describe rules for inputs: write robot, see what happens.
  • #922
  • Dec 3, 2013 11:16pm Dec 3, 2013 11:16pm
Quoting matros
2dee50 Я смотрю у Вас торговля идет хорошо. Только на скринах не вижу индикатора 123, в ручную определяете...

google translate?
  • #923
  • Dec 4, 2013 1:42am Dec 4, 2013 1:42am
yes
  • #924
  • Dec 4, 2013 5:11am Dec 4, 2013 5:11am
Quoting matros
2dee50 Я смотрю у Вас торговля идет хорошо. Только на скринах не вижу индикатора 123, в ручную определяете...
The 123 indicators that are available are good for training your eyes to recognize the 123 patterns, but I do not rely on them for trade entry signals.

If you look in the attachment section you will find several PDF files that describe entry and exits rules, TEB63 had a thread about the 123. which I can recommend. http://www.forexfactory.com/showthread.php?t=106165

You could also read "this thread from the beginning", RobDee the thread originator put in a lot of work to explain the method.



http://www.forexfactory.com/attachme...mentid=1259832
http://www.forexfactory.com/attachme...mentid=1222510
http://www.forexfactory.com/attachme...mentid=1207459
Cut your Losers short and let your Winners run.
  • #925
  • Edited 8:38am Dec 4, 2013 8:21am | Edited 8:38am
ES +30 (7.5 points) Classic Pin Bar entry off Resistance.
EU ongoing live trade, 123 entry with the News, ADP. SL BE +5, TP is just above the 200%exp at 1.3525, Price has broken thru a rising trend line but has not yet pulled back, but momentum has virtually disappeared. 15 min chart is deeply OS and Hourly is approaching that area, so we will see if this has enough weight to drop down to my TP

UPDATE
Have moved SL to 1.3550 and taken Half off at 1.3530. Moved TP down to 1.3520
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu live trade 04 12.png Size: 67 KB
Click to Enlarge Name: #es 04 12 +30.png Size: 62 KB
Cut your Losers short and let your Winners run.
  • #926
  • Dec 4, 2013 9:14am Dec 4, 2013 9:14am
EU +15 +35. Final Tally on that News Trade. Did not reach my final TP, Buyers came back in an pushed price back up and took out my SL at 1.3550. Would also have taken out my SL if I had left it at +5 So, No worries I made profit and that is the main thing. On to the next trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +15 +35 04 12.png Size: 64 KB
Cut your Losers short and let your Winners run.
  • #927
  • Dec 4, 2013 9:27am Dec 4, 2013 9:27am
EJ +50. 123 Entry off S&R 15min chart. TP was Previous Support.
Keep it simple and you wont fry your brain trying to decide if there is a trade or not.
Attached Image (click to enlarge)
Click to Enlarge Name: ej +50 04 12.png Size: 54 KB
Cut your Losers short and let your Winners run.
  • #928
  • Dec 4, 2013 11:56am Dec 4, 2013 11:56am
EU +34. one more for the road. 123 entry off the Trend Line. Breakout Pullback to Trend line and continuation. TP once again the 200% but with confluence BRN.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +34 04 12.png Size: 56 KB
Cut your Losers short and let your Winners run.
  • #929
  • Dec 4, 2013 5:59pm Dec 4, 2013 5:59pm
Quoting matros
yes
  • #930
  • Dec 5, 2013 8:07am Dec 5, 2013 8:07am
EU +33. 1st Tp hit for my news trade. SL At BE +5. Free Trade
Attached Image (click to enlarge)
Click to Enlarge Name: eu +33 news 05 12.png Size: 46 KB
Cut your Losers short and let your Winners run.
  • #931
  • Dec 5, 2013 8:26am Dec 5, 2013 8:26am
Final Tally EU +33 +52. Second TP hit for my news trade. This is what I love about news trading, all over in minutes. First TP 5mins second TP 25mins. A normal days work in 30 mins. I had moved my SL upto 1.3614 which locked in another 24 pips. So No Risk.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +33 +52 05 12.png Size: 46 KB
Cut your Losers short and let your Winners run.
  • #932
  • Dec 5, 2013 9:33am Dec 5, 2013 9:33am
EJ +65. Not a 123 entry but useful example of a PA trade. DBL BTM at S&R & BRN with Good Divergence. Also a bounce off the 1hr 200 EMA. Entry at break of descending Trend Line. TP confluence of BRN and S&R level. Lots of good reasons to take this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: ej +65 05 12.png Size: 54 KB
Cut your Losers short and let your Winners run.
  • #933
  • Dec 6, 2013 2:10am Dec 6, 2013 2:10am
Quoting dee50
EJ +65. Not a 123 entry but useful example of a PA trade. DBL BTM at S&R & BRN with Good Divergence. Also a bounce off the 1hr 200 EMA. Entry at break of descending Trend Line. TP confluence of BRN and S&R level. Lots of good reasons to take this trade. {image}
Dee

I've been following your trades on this thread for the last few weeks. They are amazing! Please keep them coming.

It's always so easy to see, from your charts and reasoning why you chose your entries and your exits. But hindsight is a wonderful thing. In real time, it is a struggle to see so clearly what to do, and I feel, or more importantly, what NOT to do.

For instance, with this last trade, how DID you decide on the price target? In a smaller timescale, say M5, Price reached the local high 139.29 (about middle of your chart) and stalled for almost an hour. What made you decide on the higher target? Did you move your stop loss up to capture some profits in the event price breaks down before reaching your target? The TDI on M5 has come back into the blue line but of course, not yet on the M15 or H1. Which signal do you decide to follow? The M5, M15 or H1? How did you decide to pay attention to one S&R level and not another?

I ask because many times, I think price will more further and it doesn't. And other times, I think price won't move further and it does!
  • #934
  • Dec 6, 2013 8:26am Dec 6, 2013 8:26am
EU +20 +40 Straight forward NFP trade. TP based on previous NFPs expectations
EJ +70. 123 Based entry following NFP news. TP 200% ext
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu +20 +40 nfp 06 12.png Size: 52 KB
Click to Enlarge Name: ej +70 nfp 06 12.png Size: 52 KB
Cut your Losers short and let your Winners run.
  • #935
  • Dec 6, 2013 8:44am Dec 6, 2013 8:44am
Quoting mact4
{quote} Dee I've been following your trades on this thread for the last few weeks. They are amazing! Please keep them coming. It's always so easy to see, from your charts and reasoning why you chose your entries and your exits. But hindsight is a wonderful thing. In real time, it is a struggle to see so clearly what to do, and I feel, or more importantly, what NOT to do. For instance, with this last trade, how DID you decide on the price target? In a smaller timescale, say M5, Price reached the local high 139.29 (about middle of your chart) and...

Stop looking at 5 min charts unless you are only planning to scalp for 10 pips! I gave up even looking at 5 min charts some time ago, what you are seeing is noise and misinformation.

I follow the 1hr chart and use the 15min to fine tune my entries. and/or as an early warning system.

I draw my S&R levels off the Daily & 4 hr. 1hr & 15min have minor S&R levels that I want to be aware of because this is where price stalls for a while before carrying on to the HTF S&R levels.

For news trading I trail my stop aggressively. For standard trades it depends on PA but I usually just aim to get to BE + 2-3 pips and give the trade some room to develop, if price stalls for some time I tend to move sl up under the consolidation zone.

Sorry but I do not have a list of rules that I follow, I am a Discretionary trader and follow what PA is doing.
Cut your Losers short and let your Winners run.
  • #936
  • Dec 8, 2013 2:35am Dec 8, 2013 2:35am
Quoting dee50
{quote} Stop looking at 5 min charts unless you are only planning to scalp for 10 pips! I gave up even looking at 5 min charts some time ago, what you are seeing is noise and misinformation. I follow the 1hr chart and use the 15min to fine tune my entries. and/or as an early warning system. I draw my S&R levels off the Daily & 4 hr. 1hr & 15min have minor S&R levels that I want to be aware of because this is where price stalls for a while before carrying on to the HTF S&R levels. For news trading I trail my stop aggressively. For standard trades...
Thank you very much Dee.

I am now going back over your trades and everyone of mine to see if I can spot entries and exits better. It's so obvious now you've said it, because M5 was confusing me and causing knee jerk reactions.

Many thanks again.
  • #937
  • Dec 9, 2013 8:52am Dec 9, 2013 8:52am
Quoting dee50
{quote} Stop looking at 5 min charts unless you are only planning to scalp for 10 pips! I gave up even looking at 5 min charts some time ago, what you are seeing is noise and misinformation. I follow the 1hr chart and use the 15min to fine tune my entries. and/or as an early warning system. I draw my S&R levels off the Daily & 4 hr. 1hr & 15min have minor S&R levels that I want to be aware of because this is where price stalls for a while before carrying on to the HTF S&R levels. For news trading I trail my stop aggressively. For standard trades...

Dee i love you but you should give us(poor mans) you signal in real time and so we will can belive in you.Thanks
  • #938
  • Dec 10, 2013 12:39pm Dec 10, 2013 12:39pm
Hello everyone.. Like the thread and system..have downloaded the 123indi(v5 & v6) but all I get are red and blue dots, an occasional blue/red arrow and with v6 red and blue lines. Don't get the 1,2,3 I see on some of the posted charts. Can anyone direct me to the notes or post explaining the finer operations of the indi?
Thanks in advance
  • #939
  • Dec 10, 2013 1:57pm Dec 10, 2013 1:57pm
Quoting sfg7th
Hello everyone.. Like the thread and system..have downloaded the 123indi(v5 & v6) but all I get are red and blue dots, an occasional blue/red arrow and with v6 red and blue lines. Don't get the 1,2,3 I see on some of the posted charts. Can anyone direct me to the notes or post explaining the finer operations of the indi? Thanks in advance

You obviously have not read up to my posts yet, I introduced a indi called 123RH you will find it in the attachments section. here is the link. http://www.forexfactory.com/attachme...mentid=1226036.
this will give you the 1,2,3s you are talking about. This is my post that goes with that indi.

http://www.forexfactory.com/showthre...77#post6793577

Look thru the attachments section it makes finding things quicker, there are a number of PDFs that will help you along.

This link will get you started. http://www.forexfactory.com/showthre...78#post7133778
Cut your Losers short and let your Winners run.
  • #940
  • Dec 14, 2013 5:51am Dec 14, 2013 5:51am
Looks like I will have to thank myself for taking the time to respond to your post.

Quoting sfg7th
Hello everyone.. Like the thread and system..have downloaded the 123indi(v5 & v6) but all I get are red and blue dots, an occasional blue/red arrow and with v6 red and blue lines. Don't get the 1,2,3 I see on some of the posted charts. Can anyone direct me to the notes or post explaining the finer operations of the indi? Thanks in advance
Quote
You obviously have not read up to my posts yet, I introduced a indi called 123RH you will find it in the attachments section. here is the link. http://www.forexfactory.com/attachme...mentid=1226036.
this will give you the 1,2,3s you are talking about. This is my post that goes with that indi.

http://www.forexfactory.com/showthre...77#post6793577

Look thru the attachments section it makes finding...
Cut your Losers short and let your Winners run.
0 traders viewing now