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123PatternsV6 revisited

  • #1,181
  • Mar 25, 2014 10:39am Mar 25, 2014 10:39am
Quoting geomoon
EA +38 Pip , 123 out of short term resistance and last week low , TDI was down all the way from H4,H1,15 {image}
Nice when it works!
Cut your Losers short and let your Winners run.
  • #1,182
  • Mar 25, 2014 10:46am Mar 25, 2014 10:46am
Quoting dee50
{quote} Nice when it works!
Thanks Dee.... ,I had good teachers .
  • #1,183
  • Mar 28, 2014 10:42am Mar 28, 2014 10:42am
EJ +50 +95. EU +23 +34. 123 entries off good S&R levels etc. Every thing is on the charts. UJ looks good now but the earlier situation did not show a clean setup so I left it alone. EU I closed final TP manually as it missed my TP by 2 pips and this was a CT trade so no point in hanging on hoping. EJ was a good strong signal with multiple confirmations, news from china helped things along.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej +50 +95.png Size: 60 KB
Click to Enlarge Name: eu +23 +34.png Size: 55 KB
Cut your Losers short and let your Winners run.
  • #1,184
  • Mar 30, 2014 2:28pm Mar 30, 2014 2:28pm
Quoting dee50
EJ +50 +95. EU +23 +34. 123 entries off good S&R levels etc. Every thing is on the charts. UJ looks good now but the earlier situation did not show a clean setup so I left it alone. EU I closed final TP manually as it missed my TP by 2 pips and this was a CT trade so no point in hanging on hoping. EJ was a good strong signal with multiple confirmations, news from china helped things along. {image} {image}
I was watching the EJ and because it was trending down for the past three days I didn't imagine that it will bounce this much, specially when it will be a counter trade, sometimes I feel that every trader has to have a gambling spirit before taking any trade, or build experience and confidence based on what he loses in this market.
Nice Trades Dee
Cheers
  • #1,185
  • Mar 31, 2014 7:14am Mar 31, 2014 7:14am
Quoting geomoon
{quote} I was watching the EJ and because it was trending down for the past three days I didn't imagine that it will bounce this much, specially when it will be a counter trade, sometimes I feel that every trader has to have a gambling spirit before taking any trade, or build experience and confidence based on what he loses in this market. Nice Trades Dee Cheers
"Trending down for three days" but what was the longer term trend and what were the clues. Look at the Daily and 4 Hr chart. Pull back to the 50% Retr on Daily. No rising trend lines broken. False breakout forming a 4 Hr Pin Bar off BRN support & TL2. PA within 2 Triangles a larger (TL1 & TL2), and inside that, a smaller(TL1 & TL3). The arguments for an up day were pretty convincing. We all see things differently, Thank the gods, if we didn,t there would be no market.

Gambling Spirit. You are right. Every trade is a gamble. We all have a 50 - 50 chance, all we can do is try to improve our chances thru interpretation.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpydaily.png Size: 63 KB
Click to Enlarge Name: eurjpyh4.png Size: 73 KB
Cut your Losers short and let your Winners run.
  • #1,186
  • Mar 31, 2014 7:17am Mar 31, 2014 7:17am
EJ +34 +80. 123 Entry 4hr and 1hr and later a 15 min 123 continuation. Nothing fancy.
Attached Image (click to enlarge)
Click to Enlarge Name: ej +34 +80.png Size: 66 KB
Cut your Losers short and let your Winners run.
  • #1,187
  • Mar 31, 2014 10:49am Mar 31, 2014 10:49am
Good job
  • #1,188
  • Mar 31, 2014 10:56am Mar 31, 2014 10:56am
nice work Dee!
consolidation breakout with the trend,
as good as it can get...
trader's dream... the only problem that it happened in MY dreamtime...
If you're going through hell, keep going. Winston Churchill
  • #1,189
  • Mar 31, 2014 11:01am Mar 31, 2014 11:01am
Dee can you share your current 123 indi settings?
this is mine, chart is ej h4 , not showing any current 123s, and I also noticed black coloured 123s appear
and have nothing set to black. I just want to compare with yours. thx
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-03-31_09-22-54ejh4.png Size: 153 KB
If you're going through hell, keep going. Winston Churchill
  • #1,190
  • Mar 31, 2014 11:56am Mar 31, 2014 11:56am
Quoting dee50
{quote}"Trending down for three days" but what was the longer term trend and what were the clues. Look at the Daily and 4 Hr chart. Pull back to the 50% Retr on Daily. No rising trend lines broken. False breakout forming a 4 Hr Pin Bar off BRN support & TL2. PA within 2 Triangles a larger (TL1 & TL2), and inside that, a smaller(TL1 & TL3). The arguments for an up day were pretty convincing. We all see things differently, Thank the gods, if we didn,t there would be no market. Gambling Spirit. You are right. Every trade is a gamble. We all have a...
EJ has an up trend on the daily but took the whole month of Feb as a correction going down for more than 800 Pips, 4Hr charts are subjective to server time as mine ( +3GMT ) shows no Pinbar and shows only an engulfing candle, I agree with you that after that 4H closes it's a good chance to buy and that's why there were more momentum on the second 4Hr candle, but before that time I guess it's more like a stop hunt.
I'm not sure where I read a signature for someone that says " well traders need no luck , well traders are well prepared " , and it's clear for me that I still need a lot to prepare my self for, anyway. Thanks Dee.
Cheers
  • #1,191
  • Apr 1, 2014 5:02am Apr 1, 2014 5:02am
Quoting Imi
Dee can you share your current 123 indi settings? this is mine, chart is ej h4 , not showing any current 123s, and I also noticed black coloured 123s appear and have nothing set to black. I just want to compare with yours. thx {image}
Only difference we have is "Rejectifheightlessthan" mine is 150 (15pips) yours is 200 (20pips).
Cut your Losers short and let your Winners run.
  • #1,192
  • Apr 1, 2014 10:43am Apr 1, 2014 10:43am
EJ +18 +60. Was this a really clever trade? No! There was a weak 123 off a small rising trendline, nothing said "this is about to turn and drop" there was no high impact news which was likely to turn things around. So I controlled risk by taking early profit and moving SL to B/E, after that I left it alone. 6 hrs later it hit my final tp at the top of the channel
Attached Image (click to enlarge)
Click to Enlarge Name: ej +18 +60.png Size: 64 KB
Cut your Losers short and let your Winners run.
  • #1,193
  • Apr 2, 2014 6:30am Apr 2, 2014 6:30am
EJ +16 pip, 123 , Dive , double top, target BRN.I felt that it's a good sign for sell
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
  • #1,194
  • Apr 2, 2014 8:07am Apr 2, 2014 8:07am
Quoting geomoon
EJ +16 pip, 123 , Dive , double top, target BRN.I felt that it's a good sign for sell {image}
The difference between brokers data is astounding, I took the same trade but the info displayed on my chart showed a much stronger divergence. This is why I prefer my futures platform, we are at least all on the same playing field.
Cut your Losers short and let your Winners run.
  • #1,195
  • Apr 2, 2014 8:11am Apr 2, 2014 8:11am
EJ +24 +50. EJ News +30. 123 off good divergence at a BRN and S&R level. TP1 was next BRN TP2 was 50pips which ran into the news. News trade was a simple 30 at the same TP as TP2.
Attached Image (click to enlarge)
Click to Enlarge Name: ej +24 +50 news +30.png Size: 59 KB
Cut your Losers short and let your Winners run.
  • #1,196
  • Apr 2, 2014 9:12am Apr 2, 2014 9:12am
Quoting dee50
{quote} The difference between brokers data is astounding, I took the same trade but the info displayed on my chart showed a much stronger divergence. This is why I prefer my futures platform, we are at least all on the same playing field.
That's great , that means that I've learned some good stuff form you and I'm the right track... .

Dee what is your broker and is there a difference between it and FXDD ?

Thanks
  • #1,197
  • Apr 2, 2014 9:32am Apr 2, 2014 9:32am
Quoting dee50
{quote} The difference between brokers data is astounding, I took the same trade but the info displayed on my chart showed a much stronger divergence. This is why I prefer my futures platform, we are at least all on the same playing field.
geomoon's trade is shown on H1, yours is on M15 which had a steeper divergence.
If you're going through hell, keep going. Winston Churchill
  • #1,198
  • Apr 3, 2014 8:42am Apr 3, 2014 8:42am
Hey Dee....... I remember that you said that Draghi is always good as 50 Pips, were you able to grap some... ?

I have a problem called " Patience ", I tried today to trade Draghi like any news and had several tries and they were in the right direction , but for stupidity and being impatient I ended up in negative pips, how did you overcome the Patience while you in the trade ? is it something meditating or a big beer draft can fix ?
  • #1,199
  • Apr 3, 2014 9:31am Apr 3, 2014 9:31am
Draghi news Trades. EJ +48. EU +28 +32 and still running. I entered 5 lots on EU and 1 on EJ, in hindsight I should have done it the other way round but no problem I have banked pips and I am at B/E +10, +4 & +2 so I can let them run. 1st chart. EJ. 2nd chart EU chart, 3rd chart Eu current situation. I did not trade the initial rate announcement I waited for the News Conference
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej +48.png Size: 60 KB
Click to Enlarge Name: eurusdh1.png Size: 63 KB
Click to Enlarge Name: eu +28 +32.png Size: 53 KB
Cut your Losers short and let your Winners run.
  • #1,200
  • Apr 3, 2014 11:23am Apr 3, 2014 11:23am
Quoting dee50
Draghi news Trades. EJ +48. EU +28 +32 and still running. I entered 5 lots on EU and 1 on EJ, in hindsight I should have done it the other way round but no problem I have banked pips and I am at B/E +10, +4 & +2 so I can let them run. 1st chart. EJ. 2nd chart EU chart, 3rd chart Eu current situation. I did not trade the initial rate announcement I waited for the News Conference {image} {image} {image}
Hat Off Dee............ , you may take a rest for the end of the year.......
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