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How to use the 123 strategy effectively

  • #1,601
  • Edited 9:55am Mar 18, 2014 8:43am | Edited 9:55am
Yeah, looks like GU is setting up nicely.

Update: **Price just traded lower than #1 so this is now invalid.
Attached Image (click to enlarge)
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  • #1,602
  • Mar 18, 2014 10:56am Mar 18, 2014 10:56am
Just exited this one
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  • #1,603
  • Mar 18, 2014 3:11pm Mar 18, 2014 3:11pm
Closed out of short on Germany 30.

-10 points, targeting 65. So not the end of the world.

It all starts again at 7!

tradingjedi, do you find certain pairs better for set ups?

Eur/usd and gbp/usd seem better than usd/jpy or eur/gbp.
  • #1,604
  • Mar 18, 2014 3:37pm Mar 18, 2014 3:37pm
Quoting abacus23
Closed out of short on Germany 30. -10 points, targeting 65. So not the end of the world. It all starts again at 7! tradingjedi, do you find certain pairs better for set ups? Eur/usd and gbp/usd seem better than usd/jpy or eur/gbp.
Personally, I like eurjpy, gbpusd, usdcad. Can you post the chart of what you're in now for -10? what is "Germany"?
  • #1,605
  • Edited Mar 19, 2014 7:03am Mar 18, 2014 3:44pm | Edited Mar 19, 2014 7:03am
Quoting tradingjedi
{quote} Personally, I like eurjpy, gbpusd, usdcad. Can you post the chart of what you're in now for -10? what is "Germany"?
I'll look at eurjpy usdcad tomorrow.

Cant post charts at minute, on iPhone.

Germany 30 is German stock exchange like FTSE or Dow (Wall Street ).

Not in the trade now, I don't leave trades overnight. I'll post chart tomorrow afternoon of why I took it and how it went.

Update ** Chart for Germany 30.

Attached Image (click to enlarge)
Click to Enlarge Name: Germany 3018.3 (DFB).png Size: 75 KB
  • #1,606
  • Mar 18, 2014 4:39pm Mar 18, 2014 4:39pm
Okay. Thanks for clarifying what Germany is :-)
  • #1,607
  • Mar 19, 2014 7:17am Mar 19, 2014 7:17am
Looking to nail some pips this morning :-) Good luck to all.
  • #1,608
  • Edited 9:19am Mar 19, 2014 8:06am | Edited 9:19am
Short EUR/USD.

Short 13920, out at 13908.

Update** Winner.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 19.03(DFB).png Size: 73 KB
  • #1,609
  • Mar 19, 2014 8:47am Mar 19, 2014 8:47am
first trade of the day...
Between points 1 and 2 are ~32 pips. Between 2 and 3 are ~18-20 pips distance.
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  • #1,610
  • Edited Mar 20, 2014 6:28am Mar 19, 2014 11:28am | Edited Mar 20, 2014 6:28am
Long EUR/USD. 13913.4

Update**. Was going well until the news at 6!!!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 19.3 (DFB).png Size: 79 KB


Should have moved stop, but was busy at home!!
  • #1,611
  • Mar 19, 2014 1:05pm Mar 19, 2014 1:05pm
I exited my earlier trade at -15 when I checked the calendar and saw that news was upcoming. Too bad because I would've been up +40 or so by now but oh well, I'm scared of news :-)
  • #1,612
  • Mar 20, 2014 6:30am Mar 20, 2014 6:30am
Germany 30.

Long, 9208.3.

Hit Target.

Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30 20.3(DFB).png Size: 88 KB


Watching EUR/USD. GBP/USD, Germany 30 for signals.
  • #1,613
  • Mar 20, 2014 6:57am Mar 20, 2014 6:57am
1 - You missed it
2 - You're being a full bitch about it
3 - Too late mate

Just a little poem there..

Inserted Video
Howlin' at the Moon on the Roof
  • #1,614
  • Edited Mar 21, 2014 7:57am Mar 20, 2014 3:26pm | Edited Mar 21, 2014 7:57am
Was late on the original entry but was able to get in on a retrace... Will update later:

**Update: Took profit at +25.
Attached Image (click to enlarge)
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  • #1,615
  • Mar 20, 2014 3:37pm Mar 20, 2014 3:37pm
Quoting tradingjedi
Was late on the original entry but was able to get in on a retrace... Will update later: {image}
I'm in the same trade!!

Germany 30, Eur/Jpy had winning trades today.

Eur/usd, got stopped out on the 1 in your chart, but re-entered on the 2.
  • #1,616
  • Mar 21, 2014 7:56am Mar 21, 2014 7:56am
Quoting abacus23
{quote} I'm in the same trade!! Germany 30, Eur/Jpy had winning trades today. Eur/usd, got stopped out on the 1 in your chart, but re-entered on the 2.
Hope you made some pips on that. I closed out at +25. On to the next one :-)
  • #1,617
  • Mar 21, 2014 8:04am Mar 21, 2014 8:04am
Two potential trades setting up this morning.
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Click to Enlarge Name: gu.png Size: 57 KB
  • #1,618
  • Mar 22, 2014 10:52am Mar 22, 2014 10:52am
Quoting tradingjedi
{quote} Hope you made some pips on that. I closed out at +25. On to the next one :-)
Yes, made the points I require.

Didn't take any more trades Friday, was busy.

Its a shame, as there where profitable trades on most pairs.

Let's hope Monday is as good.
  • #1,619
  • Mar 24, 2014 3:32am Mar 24, 2014 3:32am
Things were crazy at my office so I didn't get to place anymore trades either. I just entered this one for my first trade of the week.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 93 KB
  • #1,620
  • Mar 24, 2014 7:07am Mar 24, 2014 7:07am
Stopped out on that one. :-(
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