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123PatternsV6 revisited

  • #1,021
  • Jan 24, 2014 4:05am Jan 24, 2014 4:05am
Quoting dee50
EJ +85 +135. Pin Bar + 123 confirmation. UJ +80 +130. Pin Bar + 123 confirmation 2 absolutely identical entry conditions. Perfect Pin Bars at resistance followed by 123 formation confirmation, TP split in 2 using BRN S&R confluence levels. {image} {image}
Good way to end the week .

I had a -20 pip today on EU, the price was coming down from BRN, TMS H4,H1,15M were crossed down with divergence on 1H, and made a 123 at London open......then two hours later the price decided to go north ! ....Dah
  • #1,022
  • Jan 24, 2014 4:08am Jan 24, 2014 4:08am
EU +50. 15m 123 entry. This trade I was not confident about, and it was not a very clean signal, so I had a very tight 10 pip stop to start off with, EU had not completed my predicted move to 1.3750 - 1.3740 so I thought I would take a chance and it paid off, my other 2 pairs were in the money so worse case was I could BE, that is acceptable.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +50 24012014.png Size: 50 KB
Cut your Losers short and let your Winners run.
  • #1,023
  • Jan 24, 2014 4:13am Jan 24, 2014 4:13am
Quoting dee50
EU +50. 15m 123 entry. This trade I was not confident about, and it was not a very clean signal, so I had a very tight 10 pip stop to start off with, EU had not completed my predicted move to 1.3750 - 1.3740 so I thought I would take a chance and it paid off, my other 2 pairs were in the money so worse case was I could BE, that is acceptable. {image}
That's strange, this is what I thought is a sell signal at London open !
  • #1,024
  • Jan 24, 2014 4:17am Jan 24, 2014 4:17am
Quoting dee50
{quote} No, the 123 is clearly visible on the 1hr, in fact there are several 123 options visible. Yes ej was in a range with 1 attempt to go north which was rejected, so the likely hood of going south was much stronger.

I can see 1-2-3 but I thought we're supposed to wait for confirmation i.e. enter at B or C

Attached Image
  • #1,025
  • Jan 24, 2014 4:30am Jan 24, 2014 4:30am
Quoting geomoon
{quote} Good way to end the week . I had a -20 pip today on EU, the price was coming down from BRN, TMS H4,H1,15M were crossed down with divergence on 1H, and made a 123 at London open......then two hours later the price decided to go north ! ....Dah

The attached says it all. Short, ¿¿QUE?? Ok short scalp for 15 - 20 but not a runner short with out some news to kick it in the Balls.
Attached Image (click to enlarge)
Click to Enlarge Name: eu que.png Size: 59 KB
Cut your Losers short and let your Winners run.
  • #1,026
  • Edited 4:45am Jan 24, 2014 4:33am | Edited 4:45am
Quoting mact4
{quote} I can see 1-2-3 but I thought we're supposed to wait for confirmation i.e. enter at B or C {image}

123 Confirmation, I entered on the Pin Bar. The 123 confirmed the reversal and I was able to breathe again.

Also, look for the TTE ( Traders Trick Entry) in the attachments section.

I agree, normally you would wait for confirmation, if the Pin Bar had not formed I would have entered at B
Cut your Losers short and let your Winners run.
  • #1,027
  • Jan 24, 2014 4:41am Jan 24, 2014 4:41am
Quoting dee50
{quote} The attached says it all. Short, ¿¿QUE?? Ok short scalp for 15 - 20 but not a runner short with out some news to kick it in the Balls. {image}
I agree with you the the divergence were bad since it was in OB, but the price was rejected from yesterday high and BRN ,a bade double top the same time ,and along with bad pinbar that count's as half reason, EU yesterday has made more than 2ATR and there were no news scheduled for today for EU, so in my opinion the context were closer to sell.
well after all the price has proved by it's direction what is right or wrong right ?
but can I ask how did you anticipate that the price should reach 1.3750 ?
  • #1,028
  • Jan 24, 2014 5:07am Jan 24, 2014 5:07am
Quoting geomoon
{quote} I agree with you the the divergence were bad since it was in OB, but the price was rejected from yesterday high and BRN ,a bade double top the same time ,and along with bad pinbar that count's as half reason, EU yesterday has made more than 2ATR and there were no news scheduled for today for EU, so in my opinion the context were closer to sell. well after all the price has proved by it's direction what is right or wrong right ? but can I ask how did you anticipate that the price should reach 1.3750 ?
I knew someone was going to ask that, unfortunately, that would require a separate thread and I am not even sure if I have got it entirely correct.

It is a method that I picked up from a site called, Emini Futures, Trading Strategies, Live Emini Trading Room & Trading Videos - Emini Addict

It is a method that basically follows measured moves. When you first see it being applied you think, WTF??? but watching it time and time again, I got the gist of it, then I back tested time and time again and started to understand it. It is something that works very well at predicting where price will go, most of the time, so it is just like every thing else in trading, it works some of the time.
Cut your Losers short and let your Winners run.
  • #1,029
  • Jan 24, 2014 5:43am Jan 24, 2014 5:43am
Quoting geomoon
{quote} I agree with you the the divergence were bad since it was in OB, but the price was rejected from yesterday high and BRN ,a bade double top the same time ,and along with bad pinbar that count's as half reason, EU yesterday has made more than 2ATR and there were no news scheduled for today for EU, so in my opinion the context were closer to sell. well after all the price has proved by it's direction what is right or wrong right ? but can I ask how did you anticipate that the price should reach 1.3750 ?
The price came back to my entry point....................

some people demand that the stop loss had to be activated after the close of 4H candle, do you agree ?
  • #1,030
  • Jan 24, 2014 5:48am Jan 24, 2014 5:48am
EMINIADDICT

Sorry, I forgot to mention that most of the site is subscriber only access, but he does have one video every day that is open to the public, here is a link to todays video. You need to have patience because he reviews the the futures indexes first and then moves on to the futures currencies, the the currencies are
6E = EU
6B = GU
6C = UC
6J = UJ (JU) in futures trading it is the yen/dollar
6A = AU

http://eminiaddict.com/?p=7787

I generally download the video so that I can go back thru it in my own time and I can skip the indexes and move to the currencies which are normally about half way thru.
Cut your Losers short and let your Winners run.
  • #1,031
  • Jan 24, 2014 6:02am Jan 24, 2014 6:02am
Quoting geomoon
{quote} The price came back to my entry point.................... some people demand that the stop loss had to be activated after the close of 4H candle, do you agree ?
No. You trade with the stop loss you can afford and you place that stop loss at the time of your entry, it is called a "stop loss" for a reason. PHx62 and Eeelfranz used an emergency stop loss of 50 pips, that is what they could afford, others place stop at the last swing high or low, even if that is 70 pips it all depends on your money management, but one thing is certain, what ever your stop loss, it is put in place as soon after your entry as possible. A few tears are preferable to opening a vein.

Have a good weekend.
Cut your Losers short and let your Winners run.
  • #1,032
  • Jan 24, 2014 6:15am Jan 24, 2014 6:15am
Quoting dee50
{quote} No. You trade with the stop loss you can afford and you place that stop loss at the time of your entry, it is called a "stop loss" for a reason. PHx62 and Eeelfranz used an emergency stop loss of 50 pips, that is what they could afford, others place stop at the last swing high or low, even if that is 70 pips it all depends on your money management, but one thing is certain, what ever your stop loss, it is put in place as soon after your entry as possible. A few tears are preferable to opening a vein. Have a good weekend.
Couldn't agree more.
Thanks Dee, Have a nice weekend
  • #1,033
  • Jan 24, 2014 7:03am Jan 24, 2014 7:03am
Quoting Svilen
{quote} Thank you friend! Trying to follow your active theme but due to my lack of free time, it sometimes lose how to develop some things in it. I try to watch at least the graphics you but sometimes I can not understand when you add or remove an indicator and mostly why .... Am I correct in my next statements about how your trading: 1. use PA, Fibonacci, EMA20, 50,100,200 and "TDI" 2. TF M15 and H1 only; 3. "123 Patterns v6" and the STO now you do not use; - Moreover, the Fibonacci which platform you use or any other use Fibonacci? - EMA only...

I have not got the time now to answer you, but I will answer over the weekend, if that is alright.
Cut your Losers short and let your Winners run.
  • #1,034
  • Jan 25, 2014 10:34am Jan 25, 2014 10:34am
Quoting dee50
{quote} I have not got the time now to answer you, but I will answer over the weekend, if that is alright.
Thank you!
I'm still looking for "themselves" in trade so trying to figure out what ways and motives move other people in their trading and thus I try to find my way.
  • #1,035
  • Jan 26, 2014 6:40am Jan 26, 2014 6:40am
Quoting Svilen
{quote} Thank you friend! Trying to follow your active theme but due to my lack of free time, it sometimes lose how to develop some things in it. I try to watch at least the graphics you but sometimes I can not understand when you add or remove an indicator and mostly why .... Am I correct in my next statements about how your trading: 1. use PA, Fibonacci, EMA20, 50,100,200 and "TDI" 2. TF M15 and H1 only; 3. "123 Patterns v6" and the STO now you do not use; - Moreover, the Fibonacci which platform you use or any other use Fibonacci? - EMA only...
1. use PA, Fibonacci, EMA20, 50,100,200 and "TDI" Yes.

2. TF M15 and H1 only; Trading TF 1Hr, 15min to fine tune entries Daily and 4hr for S&R levels.

3. "123 Patterns v6" and the STO now you do not use; I no longer use the V6 indi I do not need it to identify 123s, I still use the stochastic on my TDI method.

Moreover, the Fibonacci which platform you use or any other use Fibonacci? I do not understand this question


EMA only as support levels you use it or you are important and their intersections? 200 & 50 Ema support levels. 20,50 & 100 ema are my variation of the TEB63 method. This links to TEB63. http://www.forexfactory.com/showthread.php?p=7133778#post7133778

For the "TDI" use these values. I use the default TDI settings

Do you trade the "newс" or normally avoid them? I trade the news and there are recent postings showing this!!

Click on my name, this takes you to my profile page. Click on "Thread Replies" this will open a listing of my replies, now you can quickly go through my posts without reading every page of the thread.
Cut your Losers short and let your Winners run.
  • #1,036
  • Jan 26, 2014 8:34am Jan 26, 2014 8:34am
Quoting dee50
{quote} 1. use PA, Fibonacci, EMA20, 50,100,200 and "TDI" Yes. 2. TF M15 and H1 only; Trading TF 1Hr, 15min to fine tune entries Daily and 4hr for S&R levels. 3. "123 Patterns v6" and the STO now you do not use; I no longer use the V6 indi I do not need it to identify 123s, I still use the stochastic on my TDI method. Moreover, the Fibonacci which platform you use or any other use Fibonacci? I do not understand this question EMA only as support levels you use it or you are important and their intersections? 200 & 50 Ema support levels. 20,50 & 100...
Thank you very much for the answer !
Will review the topic "1.2.3. Break batsis ."

# Regarding the indicator "123 V6 " I understand that you no longer use it because you recognize yourself 123 configuration ?

# For " TDI " I asked because I have three options drawn from different places :
1. Traders Dynamic Index.mq4 http://dox.bg/files/dw?a=e432d4c7c2
2. Traders_Dynamic_Index-mod_TC_01.mq4 http://dox.bg/files/dw?a=6d9f314fb8
3. TDI-With Alerts.mq4 http://dox.bg/files/dw?a=18cf3f93e8
so that's why I ask you what are your settings for it to see who is the " original " ?

# On Fibonacci - I have several indicators that build it on the chart but I want to know what you use - that which is in itself a platform / draw it manually / or use any indicator ?

# Trading on a " news " - I guess that as the economic calendar to some extent picking currency pair or seen where there is room for good movement without the following very very foundation ?

# I do not see trading or at least do not see graphs of gold or oil?

Oh .... will stop it again I bombarded with countless questions ....

Thank you again!
PP. I use Google translator so you can not you understand what I mean...
  • #1,037
  • Jan 26, 2014 9:11am Jan 26, 2014 9:11am
Is the system compatible with the Fibs?
  • #1,038
  • Jan 27, 2014 3:23am Jan 27, 2014 3:23am
Quoting maniac
Is the system compatible with the Fibs?
This post will answer your question.
http://www.forexfactory.com/showthre...21#post6731421

The fact that you asked the question speaks volumes. Respectfully, I would suggest that before you view any more threads on FF you should visit this site.

babypips.com
Cut your Losers short and let your Winners run.
  • #1,039
  • Jan 27, 2014 3:45am Jan 27, 2014 3:45am
Quoting Svilen
{quote} Thank you very much for the answer ! Will review the topic "1.2.3. Break batsis ." # Regarding the indicator "123 V6 " I understand that you no longer use it because you recognize yourself 123 configuration ? # For " TDI " I asked because I have three options drawn from different places : 1. Traders Dynamic Index.mq4 http://dox.bg/files/dw?a=e432d4c7c2 2. Traders_Dynamic_Index-mod_TC_01.mq4 http://dox.bg/files/dw?a=6d9f314fb8 3. TDI-With Alerts.mq4 http://dox.bg/files/dw?a=18cf3f93e8 so that's why I ask you...
123 V6. I have not needed an indicator to identify 123s for some time, I had it on my charts for the benefit of others to show how to use it.

All the indicator I use can be found in the attachments section!! I have done several posts covering this.
http://www.forexfactory.com/showthre...76#post6731476

TDI. I have always used this one because it does not repaint.
http://www.forexfactory.com/attachme...mentid=1207482

If you want the arrows indicating a TDI cross, use this.
http://www.forexfactory.com/attachme...mentid=1207470

Fibs. I use the Fib retracement and Fib expansions tools that come with Metatrader.

News. http://www.forexfactory.com/showthre...04#post7205604

Gold or Oil. I do not trade either, because on a Day Trading basis both are extremely volatile, and require much larger stop losses to trade effectively, both of them "whipsaw" like crazy. For many years I only traded the eurodollar, it has only been recently that I added a few other pairs due to the small trading range that the EU has been experiencing.
Cut your Losers short and let your Winners run.
  • #1,040
  • Jan 27, 2014 6:01am Jan 27, 2014 6:01am
Out before the news. EU +45. Nice pin Bars on 15min and then 1Hr. TP at next BRN with minor S&R level just below. Puts a few points on the board.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +45 27012014.png Size: 55 KB
Cut your Losers short and let your Winners run.
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