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123PatternsV6 revisited

  • #1,261
  • Apr 27, 2014 7:06am Apr 27, 2014 7:06am
Quoting dee50
{quote} EU is not a good example the asian range is so small that even a small european candle will break the range. I had a look at AU and EJ, over 100 days, that have larger asian ranges and I would not say that the behaviour is predictable enough to trade. There was a method used by eelfranz before he used TMS, I investigated it a few years ago but I did not feel that it was a viable method "for me". I have attached a PDF, maybe this will help you, although as you have the TOK-_5h indi I suspect you are already aware of this. One thing that came...
Thank you for the valuable PDF, it seems after all many traders think in the same way, it's just a note that I have seen and I wanted to think loudly.
Yes I have the indicator for Tok_5H and I agree with you about Phx note
Cheers
  • #1,262
  • Apr 27, 2014 8:21am Apr 27, 2014 8:21am
Thank you dee
  • #1,263
  • Edited Apr 30, 2014 4:44am Apr 29, 2014 8:06am | Edited Apr 30, 2014 4:44am
The 3 Secrets to Trading Momentum Indicators pt3.

I am editing this post today. 30/04/2014

Thanks to "Helee's" post down below, I have been able to replace the 2 over sized PDFs with 1 realistic sized.
http://www.forexfactory.com/showthre...46#post7435846

This book was written as an E Book so in the right hand column you will see 2 Hyperlinks. "viewchart" & "hidechart" if you hover your mouse over these a chart will appear relevant to the explanation on that page, once you have looked at the chart repeat with the mouse and the text will re appear.
Attached File(s)
File Type: pdf The 3 Secrets to Trading Momentum Indicators pt3.pdf   2.7 MB | 3,131 downloads
Cut your Losers short and let your Winners run.
  • #1,264
  • Apr 29, 2014 8:41am Apr 29, 2014 8:41am
EU +40. 123 TTE entry. Double Top, Pin Bar with Divergence followed by Hammer at the top of a descending Channel. TDI cross down at the 68. Double Top stochastics, Early entry, damn right! But if you were unsure the 123 confirmation came a candle later, I expected a strong move down, but not a nose dive, I actually expected the same yesterday but I ended up closing manually for 12 pips, today I was not giving anything back, I trailed my SL all the way down.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +40 29414.png Size: 67 KB
Cut your Losers short and let your Winners run.
  • #1,265
  • Apr 29, 2014 9:30am Apr 29, 2014 9:30am
Quoting dee50
The 3 Secrets to Trading Momentum Indicators pt3. I have had real fun trying to split this up into manageable chunks, I have tried several PDF splitters but the outcome is the same, large file sizes. I think this is to do with the fact that the original was produced as an E Book with Hyperlinks and other mod cons. So I have had to split this in to 2 parts in order to fit FFs file size limit. I would suggest that you google the book and download it yourselves if you want to read the rest of it, which I can recommend. The actual file size of the whole...
Hah.... That's Cool Dee, Thanks for the book and for your time , maybe that's why your wife will always ask you to take you laptop to the bar...more hugging at the end of the day......
  • #1,266
  • Apr 29, 2014 9:33am Apr 29, 2014 9:33am
Quoting dee50
EU +40. 123 TTE entry. Double Top, Pin Bar with Divergence followed by Hammer at the top of a descending Channel. TDI cross down at the 68. Double Top stochastics, Early entry, damn right! But if you were unsure the 123 confirmation came a candle later, I expected a strong move down, but not a nose dive, I actually expected the same yesterday but I ended up closing manually for 12 pips, today I was not giving anything back, I trailed my SL all the way down. {image}
Nice trades Dee as usual , I noticed that you still draw the trendine and allow it to be broke with tow candles, I know that it's an internal trend but I had the impression that the trend line will always be touched or broke, is that right ?
  • #1,267
  • Apr 29, 2014 9:49am Apr 29, 2014 9:49am
Quoting geomoon
{quote} Nice trades Dee as usual , I noticed that you still draw the trendine and allow it to be broke with tow candles, I know that it's an internal trend but I had the impression that the trend line will always be touched or broke, is that right ?
I drew the trend line to see if it gave me an area of confluence for my TP, it was an internal trend line that had been broken by a significant amount so I was not expecting price to pay too much attention to it, if it had not been broken then I would have assigned more value to it as a barrier. The short term S&R held more weight for me and price had reacted to it over the last 7 days but I prefer to see more than just 1 indication where price is likely to stall out. I put the Fib expansion on the chart as well but that showed the 200% 15 pips higher up and again with no confluence.
Cut your Losers short and let your Winners run.
  • #1,268
  • Apr 29, 2014 9:52am Apr 29, 2014 9:52am
Quoting dee50
{quote} I drew the trend line to see if it gave me an area of confluence for my TP, it was an internal trend line that had been broken by a significant amount so I was not expecting price to pay too much attention to it, if it had not been broken then I would have assigned more value to it as a barrier. The short term S&R held more weight for me and price had reacted to it over the last 7 days but I prefer to see more than just 1 indication where price is likely to stall out. I put the Fib expansion on the chart as well but that showed the 200%...
I see, Thanks
  • #1,269
  • Apr 29, 2014 1:55pm Apr 29, 2014 1:55pm
Quoting dee50
The 3 Secrets to Trading Momentum Indicators pt3. I have had real fun trying to split this up into manageable chunks, I have tried several PDF splitters but the outcome is the same, large file sizes. I think this is to do with the fact that the original was produced as an E Book with Hyperlinks and other mod cons. So I have had to split this in to 2 parts in order to fit FFs file size limit. I would suggest that you google the book and download it yourselves if you want to read the rest of it, which I can recommend. The actual file size of the whole...

Hello Dee50,

Sorry for your hard work, but thank you anyway for droppoing these valuable information.
maybe next time you like to split or join a document you would like to work with this tool. PDFTKBuilderPortable.

regards

Helee
  • #1,270
  • Apr 30, 2014 4:35am Apr 30, 2014 4:35am
Quoting Helee
{quote} Hello Dee50, Sorry for your hard work, but thank you anyway for droppoing these valuable information. maybe next time you like to split or join a document you would like to work with this tool. PDFTKBuilderPortable. regards Helee
Thank you very much Helee. I downloaded it and it works a treat much better than the other 6 I tried. I have replaced the 2 PDFs with 1 with a more realistic file size.
Cut your Losers short and let your Winners run.
  • #1,271
  • Apr 30, 2014 4:49am Apr 30, 2014 4:49am
For those of you who have already downloaded the last 2 over sized PDFs, I have replaced them with 1 of a more realistic size, only 2.7Mbs if you want to replace them here is the link.

http://www.forexfactory.com/attachme...mentid=1416952

The 3 Secrets to Trading Momentum Indicators pt3.
Cut your Losers short and let your Winners run.
  • #1,272
  • Apr 30, 2014 8:32am Apr 30, 2014 8:32am
EU +37 +50. This was a PA entry but a 123 did form after my entry to confirm the move up. Major Divergence at a S&R level at 50% Fib Retr & BRN. TDI Bounce and Stochs 123. Break of asian high. I let this run into the news as ADP is not much of a threat and as it turned out GDP trumped ADP but I had moved my SL up to lock in some profit so I was prepared to give back a few pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +37 +50 30414.png Size: 68 KB
Cut your Losers short and let your Winners run.
  • #1,273
  • Apr 30, 2014 9:20am Apr 30, 2014 9:20am
Quoting dee50
EU +37 +50. This was a PA entry but a 123 did form after my entry to confirm the move up. Major Divergence at a S&R level at 50% Fib Retr & BRN. TDI Bounce and Stochs 123. Break of asian high. I let this run into the news as ADP is not much of a threat and as it turned out GDP trumped ADP but I had moved my SL up to lock in some profit so I was prepared to give back a few pips. {image}
Well trades Dee..... .

You see here is an example where the news for EU CPI didn't came positive as expected ,and the wise guys like Danske says sell for today , but still though the price moved with the opposite direction, and what made Good .............. only your experience for PA to this pair .
Hat off Dee...
  • #1,274
  • Apr 30, 2014 4:06pm Apr 30, 2014 4:06pm
Quoting dee50
{quote} Thank you very much Helee. I downloaded it and it works a treat much better than the other 6 I tried. I have replaced the 2 PDFs with 1 with a more realistic file size.

Thank you

You are wellcome.

Enjoy your Public holiday

thx

Helee
  • #1,275
  • May 1, 2014 9:28am May 1, 2014 9:28am
One a day keeps the hunger pangs away! AU +39. Pin Bar/Dbl Top with Divergence at S&R and channel top and BRN. 15m 123 confirms direction a little later, closed this manually when Hidden divergence formed only 11 pips shy of my Target so I can live with that.

Nothing looked even remotely inviting on my other pairs so this will have to do, any way you do not need to monitor 20 pairs just for one trade a day.

In trading the opposite of what you expect is always true, "The more you trade the more you lose" "Greed is good, for the person on the other side of your trade"

That's it for today, no more wisdom left in the bottle.
Attached Image (click to enlarge)
Click to Enlarge Name: au +39 1514.png Size: 66 KB
Cut your Losers short and let your Winners run.
  • #1,276
  • May 1, 2014 10:23am May 1, 2014 10:23am
Quoting dee50
One a day keeps the hunger pangs away! AU +39. Pin Bar/Dbl Top with Divergence at S&R and channel top and BRN. 15m 123 confirms direction a little later, closed this manually when Hidden divergence formed only 11 pips shy of my Target so I can live with that. Nothing looked even remotely inviting on my other pairs so this will have to do, any way you do not need to monitor 20 pairs just for one trade a day. In trading the opposite of what you expect is always true, "The more you trade the more you lose" "Greed is good, for the person on the other...
You just summarized all what is about good trading ,
BTW : I noticed that you changed Stoch to 8,3,7 and you used to use it as 8,3,3 . was that because of the book ?
Good Luck tomorrow for NFP
Cheers
  • #1,277
  • May 1, 2014 10:52am May 1, 2014 10:52am
Hi there,
i tried installing the 123 indicator on my MT4 platform, but when i load it on the chart it freezes and i have to ctrl+alt+del it.
Any ideas how to fix this?
  • #1,278
  • May 1, 2014 10:55am May 1, 2014 10:55am
Quoting geomoon
{quote} You just summarized all what is about good trading , BTW : I noticed that you changed Stoch to 8,3,7 and you used to use it as 8,3,3 . was that because of the book ? Good Luck tomorrow for NFP Cheers
Stochs 8,3,7. The book was part of the reason, the other was what I read here.

Stochastic Indicator - EURUSD H4 - 5000000 backtests-analysis @ Forex Factory

so I thought I would try a different setting and see, so far I have no complaints. Setting the smoothing to 7 has cleaned up the indi it is less frantic, you have to look a little harder for the divergences but that is no hardship.

Also this setting re-inforces the claim that the Stochs is predictive, I am not going to explain why, let's see if you can work out why.
Cut your Losers short and let your Winners run.
  • #1,279
  • May 1, 2014 12:58pm May 1, 2014 12:58pm
Quoting dee50
{quote} Stochs 8,3,7. The book was part of the reason, the other was what I read here. Stochastic Indicator - EURUSD H4 - 5000000 backtests-analysis @ Forex Factory so I thought I would try a different setting and see, so far I have no complaints. Setting the smoothing to 7 has cleaned up the indi it is less frantic, you have to look a little harder for the divergences but that is no hardship. Also this setting re-inforces the claim that the Stochs is predictive, I am not going to...
Doh......how do you find all of that time to read all of that stuff .......... , I bet that you are a retired University teacher and have fast reading skills... .

I hope that you don't mind getting back to you with this after the week end , I'll try my best to answer you as I have a lot of stuff to catch reading......
  • #1,280
  • May 2, 2014 12:49am May 2, 2014 12:49am
Quoting dee50
The 3 Secrets to Trading Momentum Indicators pt3. I am editing this post today. 30/04/2014 Thanks to "Helee's" post down below, I have been able to replace the 2 over sized PDFs with 1 realistic sized. http://www.forexfactory.com/showthre...46#post7435846 This book was written as an E Book so in the right hand column you will see 2 Hyperlinks. "viewchart" & "hidechart" if you hover your mouse over these a chart will appear relevant to the explanation on that page, once you have looked at the chart repeat with the mouse and...
Dear Friend,

It looks like a part of some book. It part3 at most of the places It has been written that we will discuss the thing it upcoming chapters like momentum, TRIOS, TRIX and moving averages.......

Please post remaining parts of this books or kindly let us know the book name from which you have taken this.

thanks

Sanjay
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