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123PatternsV6 revisited

  • #1,301
  • May 8, 2014 9:26am May 8, 2014 9:26am
Remember what it said in the book about Indicator Patterns. Here is the Proof. EU +30 +75. Indicator 123. Backed up by Daily, 4hr & 1Hr Divergences at the High of the day. All you had to do was find an entry point. Regardless of what all these "experts" are telling you about the euro, let the charts show the way.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +30 +75 08514.png Size: 54 KB
Cut your Losers short and let your Winners run.
  • #1,302
  • May 8, 2014 11:04am May 8, 2014 11:04am
Quoting mact4
{quote} Thank you Dee. I'll be looking out for similar stoch behaviour in future. Could I ask one more question? Referring to the same chart. You mention major support and resistance. How do you determine important S&R. When I looked at that chart, I could not see it as being a 'major' S&R - just one of several S&S zones; but I do have a tendency of drawing too many S&R lines. What do you look for? How do you determine which is more important than another?
This is a difficult one to explain on paper, I could show you in 10 mins if you were sat next to me, I have just spent the last hour trying to write down how I do it and it came out as garbage, even I got confused. But we will start with the attached charts, you might be cleverer than me and get it in one, if not keep asking until we get there, but just remember I do not do overtime.

The pin bar with divergence has nothing to do with the S&R lines, I just noticed it forming and made a note.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: s&r.png Size: 65 KB
Click to Enlarge Name: s&r2.png Size: 41 KB
Cut your Losers short and let your Winners run.
  • #1,303
  • May 8, 2014 11:36am May 8, 2014 11:36am
Quoting dee50
{quote} This is a difficult one to explain on paper, I could show you in 10 mins if you were sat next to me, I have just spent the last hour trying to write down how I do it and it came out as garbage, even I got confused. But we will start with the attached charts, you might be cleverer than me and get it in one, if not keep asking until we get there, but just remember I do not do overtime. The pin bar with divergence has nothing to do with the S&R lines, I just noticed it forming and made a note. {image} {image}
Thanks Dee. I'm going to try to get my brain to see what you saw...
  • #1,304
  • May 8, 2014 12:19pm May 8, 2014 12:19pm
Quoting dee50
Remember what it said in the book about Indicator Patterns. Here is the Proof. EU +30 +75. Indicator 123. Backed up by Daily, 4hr & 1Hr Divergences at the High of the day. All you had to do was find an entry point. Regardless of what all these "experts" are telling you about the euro, let the charts show the way. {image}
  • #1,305
  • May 9, 2014 4:54am May 9, 2014 4:54am
Some thing for the weekend, sir? Any one here old enough to have heard that question for real?

Part 5 of the ongoing saga "The 3 secrets To Trading Momentum Indicators"
I have to admit that the suspense is killing me wondering how this will end.
Attached File(s)
File Type: pdf The 3 Secrets To Trading Momentum Indicators pt5.pdf   3.3 MB | 3,411 downloads
Cut your Losers short and let your Winners run.
  • #1,306
  • May 9, 2014 5:04am May 9, 2014 5:04am
Thanks Dee
  • #1,307
  • May 9, 2014 6:12am May 9, 2014 6:12am
Quoting dee50
Some thing for the weekend, sir? Any one here old enough to have heard that question for real? Part 5 of the ongoing saga "The 3 secrets To Trading Momentum Indicators" I have to admit that the suspense is killing me wondering how this will end. {image}
That's the professional traders............. Always developing... :nerd:
Thanks Dee
  • #1,308
  • May 9, 2014 8:13am May 9, 2014 8:13am
EU +50 123 Entry. I have been rich, I have been poor (many times), so now I just aim to be middle class. Take sensible profits if you are a day trader, let your profits run if you are a swing trader. Either way cut your losses short or better still do not have any!! Today was an easy day for entry, the weekly was showing us the way. The indicator 123s helped show us where to get in. If you did not take the first 123 then there was the channel Breakout Pullback at the weekly S&R, which I deleted, which actually formed a second smaller 123.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu +50 09514.png Size: 57 KB
Click to Enlarge Name: weekly pin bar.png Size: 46 KB
Cut your Losers short and let your Winners run.
  • #1,309
  • May 9, 2014 10:05am May 9, 2014 10:05am
Quoting dee50
EU +50 123 Entry. I have been rich, I have been poor (many times), so now I just aim to be middle class. Take sensible profits if you are a day trader, let your profits run if you are a swing trader. Either way cut your losses short or better still do not have any!! Today was an easy day for entry, the weekly was showing us the way. The indicator 123s helped show us where to get in. If you did not take the first 123 then there was the channel Breakout Pullback at the weekly S&R, which I deleted, which actually formed a second smaller 123....
Great Job Dee.... , I hope you always stay rich .
Have nice week end
  • #1,310
  • May 9, 2014 11:14am May 9, 2014 11:14am
nice trades , Dee!
Spring is definitely a busy time for many of us, I was out of town most of last week, and had appointments right in
the middle of NY sessions this week. I took a couple of trades on ej, and some on eaud, but didn't have time to come around
to post them daily.
Caught this trade on ej H1 early today morning, a continuation of yesterday's downtrend.
The other ej trade was taken on the 7th, in the asia session, at the 50% fib. ret. of the previous day (H1), M15 pinbar on 200/ 800ema with divergence and TDI cross.
The e/aud trades on H1 were all TDI cross trades, one of them on the 8th a CT trade with divergence.
I am hoping to have more time next week. Have a good weekend everyone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Greenshot_2014-05-09_08-06-28ejh1.png Size: 53 KB
Click to Enlarge Name: Greenshot_2014-05-07_07-41-38ejh1.png Size: 43 KB
Click to Enlarge Name: Greenshot_2014-05-09_12-00-21EJM15.png Size: 38 KB
Click to Enlarge Name: Greenshot_2014-05-08_10-02-20eaudH1.png Size: 57 KB
If you're going through hell, keep going. Winston Churchill
  • #1,311
  • May 12, 2014 10:06am May 12, 2014 10:06am
ES e-mini S&P +34 Pips. Watching Paint Dry, short hand for Forex Trading. 123 works on any instrument in any market and stocks are a little more volatile at the moment than the Forex market. So I waited for the cash session of the E-mini S&P to start at 15.30 CET and a very nice 123 was waiting for me. Chart is from my Futures platform so looks a little different but tells the same story.
Attached Image (click to enlarge)
Click to Enlarge Name: ES 06-14 (60 Min) 12_05_2014.jpg Size: 104 KB
Cut your Losers short and let your Winners run.
  • #1,312
  • May 12, 2014 11:41am May 12, 2014 11:41am
Quoting dee50
ES e-mini S&P +34 Pips. Watching Paint Dry, short hand for Forex Trading. 123 works on any instrument in any market and stocks are a little more volatile at the moment than the Forex market. So I waited for the cash session of the E-mini S&P to start at 15.30 CET and a very nice 123 was waiting for me. Chart is from my Futures platform so looks a little different but tells the same story. {image}
That's Cool Dee, today is killing boring time for Forex and it's a good choice to look for other chances elsewhere , I didn't know that you trade indices , I find them very dangerous for me and I wish there is better information about them to try them out someday.

Cheers
  • #1,313
  • May 12, 2014 12:41pm May 12, 2014 12:41pm
Quoting geomoon
{quote} That's Cool Dee, today is killing boring time for Forex and it's a good choice to look for other chances elsewhere , I didn't know that you trade indices , I find them very dangerous for me and I wish there is better information about them to try them out someday. Cheers
I started my trading career with e-mini S&P 1min chart, I eventually found that to be too slow for me and I discovered Tick Charts and started trading 89 Tick charts as you can imagine this was extremely exhilarating and not at all profitable I thought the problem was that the e-mini S&P was too brutal so I started trading the mini Dow & the mini Russell as well, still using Tick charts. If you are not aware Tick charts are the equivalent of Super Turbo Charged formula one cars, they are fast! The 1min chart looks like an old banger in comparison. Trading the Dow and the Russell did not make me any more profitable and I started the quest for the "System" that would save me. This went on for 2 years and then I worked it out, the rest is history.

The indices are not dangerous, like all instruments you just have to get to know their character. Oil on the other hand, is a slippery customer, that one did Rip down my Pants and molest me on more than one occasion.

There were a couple of Forex Brokers that had the S&P, Dow, Oil and a few other commodities available on their Metatrader platforms, I can not remember who at the moment but I will have a look around.
Cut your Losers short and let your Winners run.
  • #1,314
  • May 12, 2014 12:58pm May 12, 2014 12:58pm
Quoting dee50
{quote} ...There were a couple of Forex Brokers that had the S&P, Dow, Oil and a few other commodities available on their Metatrader platforms, I can not remember who at the moment but I will have a look around.
Alpari UK offers Indices and commodities. I only trade Gold future (my account type does not allow for Gold spot) so can't speak much about their other non-forex offers. I did notice, however, that their UK100 offering differs from the actual FTSE by 30-50 pips.

Great trading as always Dee.
  • #1,315
  • May 12, 2014 2:12pm May 12, 2014 2:12pm
Quoting dee50
{quote} I started my trading career with e-mini S&P 1min chart, I eventually found that to be too slow for me and I discovered Tick Charts and started trading 89 Tick charts as you can imagine this was extremely exhilarating and not at all profitable I thought the problem was that the e-mini S&P was too brutal so I started trading the mini Dow & the mini Russell as well, still using Tick charts. If you are not aware Tick charts are the equivalent of Super Turbo Charged formula one cars, they are fast! The 1min chart looks like an old banger in comparison....
That's awesome....! I knew that you have along experience with this and this didn't happen with you over night .... , it seems that everyone learns with this market only with the hard way.....

I'm not sure why everyone says the same about oil , I see it easier than other pairs " I'm sure that I don't have the right picture about it! " but a lot of experienced people says that it's very unstable and a lot of people got eventually lost a lot of money with it
there are a lot of brokers who offer MT4 platform for Dow and S&P , and to be honest with you I've monitoring DAX on 1 Min chart and I've kind of like it and feel I may work on it , it may look very volatile but like anything on this market some rules work sometimes and others don't.
  • #1,316
  • Edited 6:26am May 13, 2014 5:52am | Edited 6:26am
EU +38 +50 pending. There was a 123 Entry on the 15 min chart just below the BRN. I entered a few pips earlier based on momentum. Will it make it to my final TP. Taken 1 lot off for 38, SL at BE +10, left a runner for 50 at the BRN, but there is a possible divergence at the close of the candle and Indis are at the threshold of the OS.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +38 1 pending 13514.png Size: 62 KB
Cut your Losers short and let your Winners run.
  • #1,317
  • May 13, 2014 6:17am May 13, 2014 6:17am
EU +38 +50. It Made it to my final TP. Divergence did not kick in at the candle close but there is still room for it to form. I had moved my SL down to BE +32, just in case. I know that Price will go down lower, but I am not in a competition to see who can hold their trade the longest, I am in the business of banking Pips at the lowest risk possible and I resent giving "any" back. So There!
Attached Image (click to enlarge)
Click to Enlarge Name: eu +38 +50 13514.png Size: 61 KB
Cut your Losers short and let your Winners run.
  • #1,318
  • May 13, 2014 7:40am May 13, 2014 7:40am
Quoting dee50
EU +38 +50. It Made it to my final TP. Divergence did not kick in at the candle close but there is still room for it to form. I had moved my SL down to BE +32, just in case. I know that Price will go down lower, but I am not in a competition to see who can hold their trade the longest, I am in the business of banking Pips at the lowest risk possible and I resent giving "any" back. So There! {image}
That's a good start for the week....
  • #1,319
  • May 13, 2014 7:42am May 13, 2014 7:42am
I knew were gonna go for the eu! nice

I had a long trade on ej entered in asia session, it was a ct trade with moderate tp based on
divergence , TDI cross, mbl coming out of overbought, and general steep sloping of ema and MBL.
That trade missed my tp by 3 pips while I slept and hit BE.
Luckily I woke up just after 5am this morning, and saw the reversal entered short, +plus 50 hit
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-05-13_08-39-07ejh1.png Size: 47 KB
If you're going through hell, keep going. Winston Churchill
  • #1,320
  • May 13, 2014 7:54am May 13, 2014 7:54am
Other CT on eaud H1, same setup, sl was already at BE when I went to bed, hit tp +50
entered at the tdi cross right on top of MBL.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-05-13_05-32-38eaudh1.png Size: 43 KB
If you're going through hell, keep going. Winston Churchill
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