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123PatternsV6 revisited

  • #941
  • Dec 14, 2013 6:21am Dec 14, 2013 6:21am
Quoting dee50
Looks like I will have to thank myself for taking the time to respond to your post. {quote} {quote}
Cheer up Dee..... you've been always helpful........... I hope that didn't have a rough week
  • #942
  • Dec 14, 2013 6:59am Dec 14, 2013 6:59am
Quoting geomoon
{quote} Cheer up Dee..... you've been always helpful........... I hope that didn't have a rough week

Trading, as you know, was really crappy this week, so I spent some time working on a project, I am building a Hydrogen Generator to power a car, with out the need for Petrol or Diesel, and I thought I had solved it this time, but after an hour the car started coughing and spluttering. Better than my last attempt. Someone mastered this some years ago, but then he died taking the secret to the grave with him, and I am trying to solve the puzzle, preferably before I die.
Cut your Losers short and let your Winners run.
  • #943
  • Dec 14, 2013 7:07am Dec 14, 2013 7:07am
Yesterday yielded a couple of decent trades, unlike the rest of the week which was one BE after the other.

EJ +12 +50 2 x 123 trades, Because of the small ranges I trailed SL pretty tight. First trade got stopped for +12, second went the distance.
EU +50. Pin Bar entry confirmed by a small 123. again ran a tight SL but this went the distance. There was a reverse 123 that formed after but I did not take it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej +12 +50 13 12.png Size: 61 KB
Click to Enlarge Name: eu +50 13 12.png Size: 56 KB
Cut your Losers short and let your Winners run.
  • #944
  • Dec 14, 2013 12:30pm Dec 14, 2013 12:30pm
Quoting dee50
{quote} Trading, as you know, was really crappy this week, so I spent some time working on a project, I am building a Hydrogen Generator to power a car, with out the need for Petrol or Diesel, and I thought I had solved it this time, but after an hour the car started coughing and spluttering. Better than my last attempt. Someone mastered this some years ago, but then he died taking the secret to the grave with him, and I am trying to solve the puzzle, preferably before I die.
Maybe have a chat with the Icelanders about the car?
Very friendly and helpful people, and also into the same idea's.
Keep up the great work.
Paul.
  • #945
  • Dec 14, 2013 1:19pm Dec 14, 2013 1:19pm
Quoting liamg4x
{quote} Maybe have a chat with the Icelanders about the car? Very friendly and helpful people, and also into the same idea's. Keep up the great work. Paul.
Thanks for the suggestion, very helpful. I was mystified at first but then I googled "Icelanders+Hydrogen" and lo and behold, they are decades ahead of the rest of us. Unfortunately it will never happen here in Spain, not legally anyway, the Spanish authorities are sh__ scared of anything with the word "GAS" in it. Millions of users in the rest of Europe with LPG but here in Spain, one taxi in Malaga and one in Granada! so what chance hydrogen.
Cut your Losers short and let your Winners run.
  • #946
  • Dec 15, 2013 1:06pm Dec 15, 2013 1:06pm
I've been looking for a method I can trade on higher TFs because of a lack of time to trade. I like the 34 Hull MA because I find it works well as dynamic support and resistance by getting the trend direction from the W1 D1 charts and then trading setups on H4 it seems to work well.

Take a look at the charts and see what you think
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15th Dec 13 EUR:GBP W1 Chart.png Size: 130 KB
Click to Enlarge Name: 15th Dec 13 EUR:GBP D1 Chart.png Size: 139 KB
Click to Enlarge Name: 15th Dec 13 EUR:GBP H4 Chart.png Size: 187 KB
  • #947
  • Dec 17, 2013 4:25am Dec 17, 2013 4:25am
Quoting stevepatt
I've been looking for a method I can trade on higher TFs because of a lack of time to trade. I like the 34 Hull MA because I find it works well as dynamic support and resistance by getting the trend direction from the W1 D1 charts and then trading setups on H4 it seems to work well. Take a look at the charts and see what you think {image} {image} {image}
OR, you can try, 32, 50, 200 EMAs. OR any other combination of numbers, at some point price will hit those MAs what ever the number that you chose. Some people chose MAs set to FIBO numbers, it really does not matter, What does matter is how many traders are watching a particular MA, take for instance the 200 MA this by all accounts is an important one for the Swing trader and 1,000s of swing traders will make a decision based on this MA.

SMA, EMA, Hull MA, Stevensons Rocket MA or the Dead Cert MA, on the Higher Time frames it does not really matter what the MA is called. Many of the variations of MAs were developed to try to provide an edge on the lower time frames so their sophisticated calculations are more or less irrelevant on the higher time frames.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdweekly ema.png Size: 62 KB
Click to Enlarge Name: eurusddaily ema.png Size: 63 KB
Click to Enlarge Name: eurusdh4 ema.png Size: 55 KB
Cut your Losers short and let your Winners run.
  • #948
  • Dec 17, 2013 4:53am Dec 17, 2013 4:53am
Quoting dee50
{quote} OR, you can try, 32, 50, 200 EMAs. OR any other combination of numbers, at some point price will hit those MAs what ever the number that you chose. Some people chose MAs set to FIBO numbers, it really does not matter, What does matter is how many traders are watching a particular MA, take for instance the 200 MA this by all accounts is an important one for the Swing trader and 1,000s of swing traders will make a decision based on this MA. SMA, EMA, Hull MA, Stevensons Rocket MA or the Dead Cert MA, on the Higher Time frames it does not really...
You can use what ever MA or any other indicator you prefer.

I simply use the 34 Hull MA because I like it, it's my line in the sand, I check to see if price is above or below the 34 HMA on the W1 and D1 charts and then look for 123 patterns on the H4 to enter a trade in line with the higher TFs trend.

It's nothing new, it's not rocket science, I do it because it works for me.

I don't have time to watch the charts all day, trading H4 charts with pending orders means I have time to do other things and not get burned out.
  • #949
  • Dec 17, 2013 8:42am Dec 17, 2013 8:42am
Quoting stevepatt
{quote} You can use what ever MA or any other indicator you prefer. I simply use the 34 Hull MA because I like it, it's my line in the sand, I check to see if price is above or below the 34 HMA on the W1 and D1 charts and then look for 123 patterns on the H4 to enter a trade in line with the higher TFs trend. It's nothing new, it's not rocket science, I do it because it works for me. I don't have time to watch the charts all day, trading H4 charts with pending orders means I have time to do other things and not get burned out.

15 HMA signals the turns sooner, have you tried this?

For those of you wondering what is being spoken about, here's one to try.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4 15 34 200hma.png Size: 47 KB
Attached File(s)
File Type: mq4 Hull moving average 2.0.mq4   8 KB | 438 downloads
Cut your Losers short and let your Winners run.
  • #950
  • Edited 11:20pm Dec 17, 2013 10:35am | Edited 11:20pm
Quoting dee50
{quote} 15 HMA signals the turns sooner, have you tried this? For those of you wondering what is being spoken about, here's one to try. {image} {file}

Hi Dee,

I find the 15 HMA to fast the 34 HMA works well with the W1 and D1 charts.
  • #951
  • Dec 17, 2013 10:38am Dec 17, 2013 10:38am
Watching USD/CHF at the moment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17th Dec 13 USD:CHF D1 Chart.png Size: 129 KB
Click to Enlarge Name: 17th Dec 13 USD:CHF H4 Chart.png Size: 145 KB
  • #952
  • Dec 17, 2013 6:34pm Dec 17, 2013 6:34pm
HI I have been reading/watching this thread and read most of the post. Downloaded and installed 123v6 & v7, have been unable to find pdf doc explaining the read/blue horizontal lines and the red/green arrows?? also the numerical (some circled) notations on v7?
thanks in advance
  • #953
  • Dec 18, 2013 4:01am Dec 18, 2013 4:01am
Quoting sfg7th
HI I have been reading/watching this thread and read most of the post. Downloaded and installed 123v6 & v7, have been unable to find pdf doc explaining the read/blue horizontal lines and the red/green arrows?? also the numerical (some circled) notations on v7? thanks in advance
You need to follow the links in post 1 to the other thread where Robdee first introduced the indicator. Try This.

http://www.forexfactory.com/showthre...91#post4148791

The numerical values were put in manually just to highlite the formation, they are not part of the indi.
Cut your Losers short and let your Winners run.
  • #954
  • Dec 18, 2013 4:08am Dec 18, 2013 4:08am
Not sure what the market is going to do. See if the professionals are right, no one is right 100% of the time but these guys are pretty damn good.

Attached File(s)
File Type: pdf DanskeTechnicalUpdate(4).pdf   67 KB | 690 downloads


FOMC will they won´t they? They probably will, but, how the market will react is another thing, if you can get hold of one of these things you will still only have a 50-50 chance of being right!

Attached Image
Cut your Losers short and let your Winners run.
  • #955
  • Dec 19, 2013 6:12am Dec 19, 2013 6:12am
EU +70. UJ +75. EJ +40

Well, the professionals can be partially wrong!!!!!. This is what fundamentals can do to the Technicals. The Pros got stopped out EU, are still in the UJ and the EJ. So Not Bad really. I did not agree with their long EU so My bias was short EU and Long EJ and Long UJ. But I did not just jump in and hope for the best, I waited for the initial reaction to end and for the market to show it's hand and confirm my bias only then did I enter and pray.

Here is the Pro Trader Update from Danske Bank for today

Attached File(s)
File Type: pdf DanskeTechnicalUpdate.pdf   67 KB | 459 downloads

Attached File(s)
File Type: pdf DanskeDaily.pdf   234 KB | 393 downloads
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu bernanke taper +70.png Size: 59 KB
Click to Enlarge Name: uj bernanke taper +75.png Size: 49 KB
Click to Enlarge Name: ej bernanke taper +40.png Size: 54 KB
Cut your Losers short and let your Winners run.
  • #956
  • Dec 27, 2013 8:22am Dec 27, 2013 8:22am
EU +150. Talk about lucky. Out of Boxing day boredom I had a look at the charts last night and saw this triangle setup. Placed 2 limit orders, one long and one short, checked the charts once again before going to bed and lo and behold the long had been filled, moved SL up to BE +2, set TP at the Daily S&R, cancelled the short, and went to bed. Woke up, checked the charts, revised TP to confluence at Weekly S&R, ate a leisurely breakfast with an enormous grin. Whoever initiated this stop run. THANK YOU.

HAPPY NEW YEAR
Attached Image (click to enlarge)
Click to Enlarge Name: eu +150 26 27 12.png Size: 67 KB
Cut your Losers short and let your Winners run.
  • #957
  • Dec 31, 2013 2:11pm Dec 31, 2013 2:11pm
Quoting dee50
EU +150. Talk about lucky. Out of Boxing day boredom I had a look at the charts last night and saw this triangle setup. Placed 2 limit orders, one long and one short, checked the charts once again before going to bed and lo and behold the long had been filled, moved SL up to BE +2, set TP at the Daily S&R, cancelled the short, and went to bed. Woke up, checked the charts, revised TP to confluence at Weekly S&R, ate a leisurely breakfast with an enormous grin. Whoever initiated this stop run. THANK YOU. HAPPY NEW YEAR {image}
What a great way to say Goodby for a year and to start another.
Good luck to all and Happy new Year
  • #958
  • Jan 8, 2014 5:15am Jan 8, 2014 5:15am
Yesterdays EU +50. Today so far EU SL BE +10 target 50pips. No 123 entries so far, this is why you need to have an alternative method or methods.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +50 070114 SL+10 080114.png Size: 44 KB
Cut your Losers short and let your Winners run.
  • #959
  • Jan 8, 2014 8:32am Jan 8, 2014 8:32am
Update on today EU +50. Target hit at S&R level, only just. No more today until after FOMC minutes tonite, I was tempted to take the 1hr pin bar off the S&R level but that would have been CT with BRN 1.3600 and the 50 ema not too far above only 7-10 pips, not worth the risk.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +50 080114.png Size: 33 KB
Cut your Losers short and let your Winners run.
  • #960
  • Jan 8, 2014 10:02am Jan 8, 2014 10:02am
Quoting dee50
Yesterdays EU +50. Today so far EU SL BE +10 target 50pips. No 123 entries so far, this is why you need to have an alternative method or methods. {image}

I hope you had a good vacation, I thought that you would have more time but why to wast some pips while you can earn them .
I noticed that you've let the trade over night which I thought you wouldn't but as long it hit target it's great, maybe divergence on TDI made you sleep restful.
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