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123PatternsV6 revisited

  • #1,341
  • May 16, 2014 6:39am May 16, 2014 6:39am
Quoting geomoon
EU +18 Pip , EA +28 Pip , both were late entries , sometimes late is better than nothing..... . Cheers {image} {image}
Nothing wrong with being late, here in Spain it has become an art form and they still make a living.
Cut your Losers short and let your Winners run.
  • #1,342
  • May 16, 2014 6:44am May 16, 2014 6:44am
Quoting Imi
I also took a small loss on ej m15, -5,
aww what a shame, and you were doing so well.
Cut your Losers short and let your Winners run.
  • #1,343
  • May 16, 2014 6:47am May 16, 2014 6:47am
Quoting Imi
thanks for the cave manager , I'll try , I had it before but found it to be too complicated {image}
I will load it up this weekend and see if I can work out how it works.
Cut your Losers short and let your Winners run.
  • #1,344
  • May 16, 2014 7:19am May 16, 2014 7:19am
If you got caught out by yesterdays news reaction, here is what should have made you very cautious!!

Easy to see with hindsight, but there were plenty of warnings before the news. News was after the dotted vertical line.
Attached Image (click to enlarge)
Click to Enlarge Name: reasons to be careful.png Size: 67 KB
Cut your Losers short and let your Winners run.
  • #1,345
  • May 16, 2014 8:21am May 16, 2014 8:21am
ES +40 +68. 4 Hr 123 Entry. I am posting this purely to show that the 123 method works in other markets. However, the ES is a bitch so please take care.
Attached Image (click to enlarge)
Click to Enlarge Name: es +40 +68.png Size: 57 KB
Cut your Losers short and let your Winners run.
  • #1,346
  • May 16, 2014 11:46am May 16, 2014 11:46am
Quoting dee50
ES +40 +68. 4 Hr 123 Entry. I am posting this purely to show that the 123 method works in other markets. However, the ES is a bitch so please take care. {image}

Dear dee50

where did I find the trading rules for your system,entry expl etc..

thx for help!
  • #1,347
  • May 17, 2014 3:27am May 17, 2014 3:27am
Quoting dee50
ES +40 +68. 4 Hr 123 Entry. I am posting this purely to show that the 123 method works in other markets. However, the ES is a bitch so please take care. {image}
Nice Work Dee....
Have a nice week end.
  • #1,348
  • May 17, 2014 8:18am May 17, 2014 8:18am
Quoting mara1
{quote} Dear dee50 where did I find the trading rules for your system,entry expl etc.. thx for help!
Every thing is in the "Attachments" section at the top of the page. look for the Paperclip symbol to the left of "subcribe"

PDFs
http://www.forexfactory.com/showthre...47#post7416247

Indicators
http://www.forexfactory.com/showthre...09#post7341709
http://www.forexfactory.com/showthre...88#post7271688
Cut your Losers short and let your Winners run.
  • #1,349
  • May 18, 2014 12:52am May 18, 2014 12:52am
Quoting dee50
{quote}Every thing is in the "Attachments" section at the top of the page. look for the Paperclip symbol to the left of "subcribe" PDFs http://www.forexfactory.com/showthre...47#post7416247 Indicators http://www.forexfactory.com/showthre...09#post7341709 http://www.forexfactory.com/showthre...88#post7271688

Thx Dee50 for help!
  • #1,350
  • May 18, 2014 4:33am May 18, 2014 4:33am
An excellent article from Jupafx over at Order Flow Trading. I sometimes feel that I have learnt too much about trading and as a consequence find myself procrastinating about an entry because my analysis had gone one step too far. But, articles like this remind me of the "Useful" information that is out there offered up by those who have gone before.

http://www.orderflowtrading.com/Fore...-Trenches.aspx
Cut your Losers short and let your Winners run.
  • #1,351
  • May 18, 2014 4:51am May 18, 2014 4:51am
What is an "Edge"? How can you find one?. Surprisingly easily!! An "Edge" is staring you in the face!!! Cryptic, read on.

http://www.orderflowtrading.com/Fore...-Frontier.aspx
Cut your Losers short and let your Winners run.
  • #1,352
  • May 18, 2014 11:03am May 18, 2014 11:03am
Quoting dee50
An excellent article from Jupafx over at Order Flow Trading. I sometimes feel that I have learnt too much about trading and as a consequence find myself procrastinating about an entry because my analysis had gone one step too far. But, articles like this remind me of the "Useful" information that is out there offered up by those who have gone before. http://www.orderflowtrading.com/Fore...-Trenches.aspx
I think this is what adds difficulty to trading , as it's subjective and depend on the traders experience , that's why you would see successful traders with a certain strategy but if someone else used that strategy he will not have the same results.
You could have three reasons to take a trade but at the minute you want to take it you see one reason not to take it so you walk away and you discover later that this was the right decision " or could be the opposite " , and that applies to to close a trade.
having a clear mind set is the challenge with rules competing over their priorities and you could easily end up with analysis paralyses unless you pay your time screen time.....
  • #1,353
  • May 20, 2014 4:07am May 20, 2014 4:07am
Quote
I think this is what adds difficulty to trading , as it's subjective and depend on the traders experience , that's why you would see successful traders with a certain strategy but if someone else used that strategy he will not have the same results.
It is not difficult before trying anything all seems difficult. But if you start with it then you will see that it is too easy for you.
  • #1,354
  • Edited 4:50am May 21, 2014 4:16am | Edited 4:50am
Current trade EU. +30 1st TP. 2nd TP pending. SL B/E +6. Will post when complete
Yesterdays ES. 123. +32 +68. added a second contract at next 123
Day before ES 123. +36

UPDATE. Have moved SL to B/E +15 1.3695. 15m chart is OS and Price reached minor falling TL. Small Pin Bar forming on 1hr with Divergence. We could see a bounce here so locked in a bit more profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 21514 +30 +50pending.png Size: 19 KB
Click to Enlarge Name: es +8 +14.50 20514.png Size: 67 KB
Cut your Losers short and let your Winners run.
  • #1,355
  • May 21, 2014 6:17am May 21, 2014 6:17am
UPDATE on EU trade. Moved SL down to 1.3680 B/E +30. Pin Bar +divergence did not form. TP is BRN 1.3650 for +60. TDI and Stochs 1hr are now in OS, see if there is enough momentum to carry price down to TP! just 6 pips away.
Cut your Losers short and let your Winners run.
  • #1,356
  • May 21, 2014 6:50am May 21, 2014 6:50am
EU +38 +58. I left 2 pips on the table. 15m is deeply OS and turning up. news in 15 mins could impact. So I decided to leave the table whilst luck and the gods were with me.

Have a nice day.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +38 +58 21514.png Size: 63 KB
Cut your Losers short and let your Winners run.
  • #1,357
  • May 22, 2014 11:57am May 22, 2014 11:57am
ES +48. 123 Entry. I did not trade today, so here is yesterdays ES trade. You are getting my ES trades the next day because they run until 10pm (my time) and much as I am dedicated to your development as professional traders, 10pm at night really is my limit, especially as I start at 8.00am (my time) I hope you understand.
I am not sure that I like trading the ES because my working day has increased significantly, but, this is where pips are, so I will stop bitching and suck it up. You feel me? (The Wire)

By the way. Is anybody there??
Attached Image (click to enlarge)
Click to Enlarge Name: es +48 21514.png Size: 71 KB
Cut your Losers short and let your Winners run.
  • #1,358
  • May 22, 2014 12:15pm May 22, 2014 12:15pm
Quoting dee50
ES +48. 123 Entry. I did not trade today, so here is yesterdays ES trade. You are getting my ES trades the next day because they run until 10pm (my time) and much as I am dedicated to your development as professional traders, 10pm at night really is my limit, especially as I start at 8.00am (my time) I hope you understand. I am not sure that I like trading the ES because my working day has increased significantly, but, this is where pips are, so I will stop bitching and suck it up. You feel me? (The Wire) By the way. Is anybody there?? {image}
Yes, we are here!

Please keep posting. I study your charts frequently - hoping I'll learn to see what you see; take more successful trades, and fewer losing trades.
  • #1,359
  • May 22, 2014 4:02pm May 22, 2014 4:02pm
Quoting dee50
By the way. Is anybody there?? {image}

Quoting mact4
{quote} Yes, we are here! Please keep posting. I study your charts frequently - hoping I'll learn to see what you see; take more successful trades, and fewer losing trades.
Same here dee, I check every post every day to try to see what you're seeing, and be amused by your humour!
Also, excuse my ignorance..what is ESM4? Doesn't seem to be available on my broker.
We all see the same dream, just from different viewpoints
  • #1,360
  • May 22, 2014 11:55pm May 22, 2014 11:55pm
Quoting dee50
ES +48. 123 Entry. I did not trade today, so here is yesterdays ES trade. You are getting my ES trades the next day because they run until 10pm (my time) and much as I am dedicated to your development as professional traders, 10pm at night really is my limit, especially as I start at 8.00am (my time) I hope you understand. I am not sure that I like trading the ES because my working day has increased significantly, but, this is where pips are, so I will stop bitching and suck it up. You feel me? (The Wire) By the way. Is anybody there?? {image}
As always well trading Dee.....

I was a little bit busy this week and I was enjoying reading your posts and just got the chance to reply to the thread thanks for sharing.
what I like most about your trades that you don't stick to the idea that you don't have to trade everyday, but you trade good well setups and chances which applies the concept of working smarter not harder.

I'm trying to understand your way for S&P trading and it seems very close to currencies , are they traded the same way ?
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