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123PatternsV6 revisited

  • #1,121
  • Feb 27, 2014 4:13am Feb 27, 2014 4:13am
Quoting Imi
Hi All, I've been reading the thread, awesome trades from Dee50! I got on ej M15 this morning, 123 setup occured right below 200ema, took partial profit at prev. day low for +35, closed the rest at +50 {image}
Nice Trade
Trade what you see .
  • #1,122
  • Feb 28, 2014 5:35am Feb 28, 2014 5:35am
EU +43 +85. EJ +100. Thanks to a complete over reaction to insipid news. I am sorry but I fail to see how this reaction is indicative of "Professional Traders", the people we are suppose to fear, they trade like a bunch of kindergarten kids, scrambling from one titbit to another, no wonder the big financial institutions admitted that they did not make a profit from their Forex divisions!!.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +43 +85.png Size: 72 KB
Cut your Losers short and let your Winners run.
  • #1,123
  • Feb 28, 2014 7:54am Feb 28, 2014 7:54am
EU +32 Pip, that was my initial TP, I didn't think that the price would go up that far and when I saw the price going like a rocket I tried to modify my TP but it refused to change and by that time target was hit.

Hey Dee, if institutions knew about you, they might kidnap you and ask you for 10000 pips as a ransom......
Well trade Dee , have a nice weekend
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #1,124
  • Feb 28, 2014 8:18am Feb 28, 2014 8:18am
Quoting dee50
... Thanks to a complete over reaction to insipid news....
Thanks for your comment. It's really quite reassuring to me as I often can't make sense of why the market reacts or does not react to news.

Today though I managed to catch 80pips of the EJ move. Could have pushed it to 100 pips but had an errand to run. Can't do EU or UJ yet. Concentrating on just one pair for now.

Please keep posting your trades and comments. They are very, very helpful.
  • #1,125
  • Edited 11:14am Feb 28, 2014 10:55am | Edited 11:14am
Quoting dee50
EU +43 +85. EJ +100. Thanks to a complete over reaction to insipid news. I am sorry but I fail to see how this reaction is indicative of "Professional Traders", the people we are suppose to fear, they trade like a bunch of kindergarten kids, scrambling from one titbit to another, no wonder the big financial institutions admitted that they did not make a profit from their Forex divisions!!. {image}
Classic
and I thought nothing would happen until US news this morning,
but I can't trade LO it's too early for me.
Note , the hidden bullish divergence on eu H1 from yesterday as well.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-02-28_11-56-46euHBD.png Size: 28 KB
If you're going through hell, keep going. Winston Churchill
  • #1,126
  • Feb 28, 2014 11:05am Feb 28, 2014 11:05am
ej M15 , 123 buy entry from yesterday, few minutes after news release.
Note, TDI was coming out of OS below32, also previous week low acted as support.
I had to go out, closed first part for +17 , second for 35 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-02-27_09-27-40ejM15.png Size: 56 KB
If you're going through hell, keep going. Winston Churchill
  • #1,127
  • Feb 28, 2014 11:13am Feb 28, 2014 11:13am
Today NY session gj H1.
I entered at the break of 123, closed first portion at next res. for 35pips,
and was holding second for 161 fib ext. , it didn't make it there for now and exited at same level for 35pips as well.
I wanted to enter one candle earlier, but wasn't sure if price would break the upper trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-02-28_11-07-03gjH1.png Size: 84 KB
If you're going through hell, keep going. Winston Churchill
  • #1,128
  • Feb 28, 2014 11:22am Feb 28, 2014 11:22am
ej M15 123 sell entry right below 200ema,
late session setup,
tested the 200ema one more time, then came down and hit my 50 pips target.
Have a nice weekend !
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-02-28_11-34-48ejm15.png Size: 45 KB
If you're going through hell, keep going. Winston Churchill
  • #1,129
  • Mar 4, 2014 6:42am Mar 4, 2014 6:42am
Yesterdays Trades. EU +25 +15. EU +20 +45. Can money be made in a crappy market? Only if there is a clear sign of where the market wants to go, and, if the Gods are with you. Multiple 123s but I did not like them on their own as the pullback to 3 was too deep each time, but a nice steep trend line formed and was clearly holding price so this dictated entries, backed up by the HTF TDI & Stochs clearly showing downward momentum. trendline gave me nice tight stops, just in case. First Trade went to first TP but was stopped on the second part on the trailing stop. second trade ran the distance, but went far over my usual trading time.
Every thing is marked on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +25+15+20+45.png Size: 67 KB
Cut your Losers short and let your Winners run.
  • #1,130
  • Mar 4, 2014 7:25am Mar 4, 2014 7:25am
Quoting dee50
Yesterdays Trades. EU +25 +15. EU +20 +45. Can money be made in a crappy market? Only if there is a clear sign of where the market wants to go, and, if the Gods are with you. Multiple 123s but I did not like them on their own as the pullback to 3 was too deep each time, but a nice steep trend line formed and was clearly holding price so this dictated entries, backed up by the HTF TDI & Stochs clearly showing downward momentum. trendline gave me nice tight stops, just in case. First Trade went to first TP but was stopped on the second part on the...
God be with you Dee......
BTW : there was a nice Pinbar on H1 yesterday at almost 3750, didn't you took in mind that the price would reveres at that point ?
  • #1,131
  • Mar 4, 2014 8:18am Mar 4, 2014 8:18am
Quoting geomoon
{quote} God be with you Dee...... BTW : there was a nice Pinbar on H1 yesterday at almost 3750, didn't you took in mind that the price would reveres at that point ?
There was no real divergence to support the Pin Bar, a Pin Bar on it's own is no reason to enter it "must" have something to prove it, remember a Pin bar can also be a Hammer a continuation bar, also, the 4Hr TF was still in a 123 short pattern. I was not convinced so I watched and if the next 15 min bar had been green and closed above the TL I would have looked for an entry long, but the bar was a small red Doji showing indecision so my bias at that time was still short. The next bar was a small green Pin Bar that closed below the TL this prompted me to go short again.
Cut your Losers short and let your Winners run.
  • #1,132
  • Mar 4, 2014 8:37am Mar 4, 2014 8:37am
Quoting dee50
{quote}There was no real divergence to support the Pin Bar, a Pin Bar on it's own is no reason to enter it "must" have something to prove it, remember a Pin bar can also be a Hammer a continuation bar, also, the 4Hr TF was still in a 123 short pattern. I was not convinced so I watched and if the next 15 min bar had been green and closed above the TL I would have looked for an entry long, but the bar was a small red Doji showing indecision so my bias at that time was still short. The next bar was a small green Pin Bar that closed below the TL this...
I see, Thanks Dee.
  • #1,133
  • Mar 4, 2014 8:51am Mar 4, 2014 8:51am
Quoting geomoon
{quote} I see, Thanks Dee.
EU +15. As luck would have it, here is an example of the 1hr Pin Bar I scalped it for 15 pips. Notice it is backed up by all sorts of divergences, Hidden Divergence on the 1 hr chart and Regular Divergences on the 15 min.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +15.png Size: 60 KB
Cut your Losers short and let your Winners run.
  • #1,134
  • Mar 4, 2014 10:31am Mar 4, 2014 10:31am
Quoting dee50
{quote} EU +15. As luck would have it, here is an example of the 1hr Pin Bar I scalped it for 15 pips. Notice it is backed up by all sorts of divergences, Hidden Divergence on the 1 hr chart and Regular Divergences on the 15 min. {image}
Hah.....as if the Market was hearing us and wanted to prove your point....... that's not luck , that's well prepared.
Cheers Dee
  • #1,135
  • Mar 5, 2014 3:28am Mar 5, 2014 3:28am
Quoting Sjr
{image} Not to good

Nice trades.

Can you upload the template of your chart. I like that.
with the indicators.

Thanks
Sanjay
  • #1,136
  • Mar 6, 2014 10:19am Mar 6, 2014 10:19am
Quoting esanjayplaye
{quote} Nice trades. Can you upload the template of your chart. I like that. with the indicators. Thanks Sanjay
If you click on Sjr's name it will take you to his/her profile, there you will see that he/she has been on the Genesis Matrix thread for some time now.
Cut your Losers short and let your Winners run.
  • #1,137
  • Mar 6, 2014 10:23am Mar 6, 2014 10:23am
Yesterday EU +26. Overnight +60 +71. Today News +105. Not a 123 in sight, but here are some numbers any way, you really need to have more than one method in your tool box. Over the last few days Trend lines have been in play.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +26 +60 +71 +105.png Size: 60 KB
Cut your Losers short and let your Winners run.
  • #1,138
  • Mar 6, 2014 2:13pm Mar 6, 2014 2:13pm
Quoting dee50
Yesterday EU +26. Overnight +60 +71. Today News +105. Not a 123 in sight, but here are some numbers any way, you really need to have more than one method in your tool box. Over the last few days Trend lines have been in play. {image}
great as usual Dee, I can understand today's news entry, would you please share the reason for yesterday's buy entries ?
Thanks
  • #1,139
  • Mar 7, 2014 8:36am Mar 7, 2014 8:36am
Quoting geomoon
{quote} great as usual Dee, I can understand today's news entry, would you please share the reason for yesterday's buy entries ? Thanks
Dbl Bottom off Trend Line, did not reach my initial TP so, as my stop was at BE I let them run, not something I normally do.
Cut your Losers short and let your Winners run.
  • #1,140
  • Mar 7, 2014 8:42am Mar 7, 2014 8:42am
UJ +50 News. EJ +70 123 Entry + news. EU + 38 News. No real legs to NFP today. I was in a 123 on the EJ, I left it running even though I was not at BE, risky but it paid off.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj +50.png Size: 52 KB
Click to Enlarge Name: ej +70.png Size: 50 KB
Click to Enlarge Name: eu +38.png Size: 51 KB
Cut your Losers short and let your Winners run.
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