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123PatternsV6 revisited

  • #1,381
  • Edited 4:59am May 31, 2014 4:42am | Edited 4:59am
Quoting Imi
I agree with you, I only had 4 charts eu ej gu and ea, nothing more but the adr value went so low that I was gonna go look for a summer job, I'll keep watching ga next week when Iam at my screen and we'll see how it goes Have a good weekend everyone
Perhaps you could explain for me. What range of ADR do you look for before deciding that a pair is tradeable, what look back period do you use to asses the ADR. Is a prior ADR sufficiently reliable to predict enough pips to trade on or is it like most things trading, as reliable as a coin toss? How many pairs do you screen. What is the meaning of life. Should I change my sexual orientation. Are my potatoes ready for harvesting. So many questions

Low ADR? Here is the solution.
Attached Image


See ya all after the weekend.
Cut your Losers short and let your Winners run.
  • #1,382
  • May 31, 2014 4:49am May 31, 2014 4:49am
And now for something completely different.

If Cats had thumbs would trading be different?
Attached Image


Inserted Video
Cut your Losers short and let your Winners run.
  • #1,383
  • May 31, 2014 5:10am May 31, 2014 5:10am
Quoting dee50
{quote} Seek and ye shall find. searching thru multiple pairs is not for me, if I don't know it I don't touch it. Anyway all those lines and colours would be too psychedelic for me, reminds me too much of my younger days experimenting with chemicals. But it works for other people, but for me at my time of life, trading "The Exotics" is something I leave to you youngsters.
Hi Dee50,

Do you trade only EURUSD ?
What Tdi do you use. rsi 10 or 13 ?

How can i trade 123 Method pls explain what should i do?

Thanks,
Helanka
Helanka
  • #1,384
  • May 31, 2014 5:49am May 31, 2014 5:49am
Quoting Helanka
{quote} Hi Dee50, Do you trade only EURUSD ? What Tdi do you use. rsi 10 or 13 ? How can i trade 123 Method pls explain what should i do? Thanks, Helanka
This post deals with one question.
http://www.forexfactory.com/showthre...64#post7475464

This picture answers the other two.
Attached Image (click to enlarge)
Click to Enlarge Name: Helanka.png Size: 65 KB


Please note. Here is a Basic Truth!! The methods I use are not magic, they work because I have spent "Years" trading this way using the same method day after day. Neither you nor any one else will have the same level of success, initially. However, if you continue with the TMS method and add the 123 method to it you will be heading in the right direction.
Cut your Losers short and let your Winners run.
  • #1,385
  • May 31, 2014 6:10am May 31, 2014 6:10am
Quoting dee50
{quote} This post deals with one question. http://www.forexfactory.com/showthre...64#post7475464 This picture answers the other two. {image} Please note. Here is a Basic Truth!! The methods I use are not magic, they work because I have spent "Years" trading this way using the same method day after day. Neither you nor any one else will have the same level of success, initially. However, if you continue with the TMS method and add the 123 method to it you will be heading in the right direction.
Thanks dee50

I will read all things & will ask you if there is any problem


Thanks,
Helanka
Helanka
  • #1,386
  • Jun 1, 2014 5:54am Jun 1, 2014 5:54am
Quoting dee50
{quote} This post deals with one question. http://www.forexfactory.com/showthre...64#post7475464 This picture answers the other two. {image} Please note. Here is a Basic Truth!! The methods I use are not magic, they work because I have spent "Years" trading this way using the same method day after day. Neither you nor any one else will have the same level of success, initially. However, if you continue with the TMS method and add the 123 method to it you will be heading in the right direction.
Hi dee50,

I need your advise for below.

1) When 123 pattern form do you enter pending order above or below (buy/sell) near point 2 or what method do you use?
2) When TDI Green Red cross Do you consider MBL & 50/68/32 area on TDI when enter trade on 123 pattern ?
3) As i realized by your previous reply,you only trade EJ/EU/AU/UJ pairs.So pls advise what market you trade thees pairs & what is the best time to trade these pairs ?

Thanks,
Helanka
Helanka
  • #1,387
  • Jun 1, 2014 6:31am Jun 1, 2014 6:31am
Following Imi's comments about the ADR of various pairs, I thought I would have a look into it for myself. Rather than have loads of charts open all over the place, I wanted results in a tabulated form, this is what I have come up with so far (it's the weekend, sad bastard aren't I?).
Attached Image (click to enlarge)
Click to Enlarge Name: ADR Window.png Size: 58 KB


Here is a template,
Attached File(s)
File Type: tpl adr.tpl   10 KB | 316 downloads

the indicator
Attached File(s)
File Type: mq4 DailyRangeIndicator.mq4   15 KB | 560 downloads


Anyone have any idea if you can import Profiles? If so how? otherwise you will have to create the layout yourselves which is not that difficult, File, Profiles, click on Default. File, New Chart, pick pair. Apply template. repeat for other pairs. Then just select Window, Tile Horizontally.

Have fun
Cut your Losers short and let your Winners run.
  • #1,388
  • Jun 2, 2014 6:23am Jun 2, 2014 6:23am
EU +15 +30. 123 Entry. Signalled on 4 hr and 1 hr. Exited 2nd TP manually. Every thing is on the chart. Do not know if ADR was a help or a hindrance, because it was showing room for price to go down, only 10 pips, but I was hesitant, but with both TDI and Stochs OS. Maybe given some time I will be able to work the info from ADR into my trading. I can see possibilities but it will require a lot of back testing to convince me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu +15 +30 2614.png Size: 69 KB
Click to Enlarge Name: eu adr 2614.png Size: 59 KB
Cut your Losers short and let your Winners run.
  • #1,389
  • Jun 2, 2014 12:18pm Jun 2, 2014 12:18pm
EU +15 +25. News Trade. ISM was a complete balls up, they miscalculated????. So back into sentiment for EU. Rejected at Falling Trendline confluence of 61.8% Retr. Then rejected at 50% Retr, lower high at short term S&R. 1st TP was obviously BRN, but BRN had been acting as support quite a few times already. 2nd TP was the 123.8% Projection for +35 pips. There was an S&R in between which could hold things up so I checked ADR table and it showed 7 pips available also divergence formed on TDI and stochs was OS, so I closed manually for +25. You should also note that there was confluence of the S&R level and the BTM of the channel, so a few things were saying, "Enough for today".

Attached Image (click to enlarge)
Click to Enlarge Name: eu +15 +25 2614.png Size: 63 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eu ADR 2614.png Size: 11 KB
Cut your Losers short and let your Winners run.
  • #1,390
  • Jun 2, 2014 2:21pm Jun 2, 2014 2:21pm
Quoting dee50
EU +15 +30. 123 Entry. Signalled on 4 hr and 1 hr. Exited 2nd TP manually. Every thing is on the chart. Do not know if ADR was a help or a hindrance, because it was showing room for price to go down, only 10 pips, but I was hesitant, but with both TDI and Stochs OS. Maybe given some time I will be able to work the info from ADR into my trading. I can see possibilities but it will require a lot of back testing to convince me. {image} {image}
I'm lost now ....Dah....... I wish you could lend me your eyes Dee.....
  • #1,391
  • Jun 3, 2014 3:54am Jun 3, 2014 3:54am
Quoting geomoon
{quote} I'm lost now ....Dah....... I wish you could lend me your eyes Dee.....
here's a spare pair.
Attached Image
Cut your Losers short and let your Winners run.
  • #1,392
  • Jun 3, 2014 7:41am Jun 3, 2014 7:41am
EU +24 +40. Price Action Entry. 6th Bounce off 1.3590 - 80 Support level. Bounce off Bottom of channel. Divergence. What more do you want? I initially targeted the 50% retr, but the 123 formed on the 1hr and 15m confirming upward momentum so took 1 contract off and let the other run, then price blew thru the 61.8% and I initially considered the Range top as TP for +50 but ADR said not. So I went for the channel top for +40. As it happens price would just have missed a TP of 50 by 1 pip and I would have been scrambling for 45. I am happy with 40.

if you did not see the PA entry, the 123 that followed would have given you an easy 30pips.

I am done. Have a nice day.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +24 +40 3614.png Size: 68 KB
Cut your Losers short and let your Winners run.
  • #1,393
  • Jun 3, 2014 9:03am Jun 3, 2014 9:03am
Hi all,
hope you guys had a good weekend, I had a really good one.
beautiful weather ,good activities.
Back to trading yesterday, had 3 BE trades, after each being up +20 pips,
guess I wasn't nimble enough to catch tp soon.
Here are today's trades .one ga after the news in asia session last night,
and two this morning on eu and ecad. On the ecad I actually had the H4 chart open and accidentally entered
believing I was on h1. all charts are H1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Greenshot_2014-06-03_07-58-02GAH1.png Size: 56 KB
Click to Enlarge Name: Greenshot_2014-06-03_08-21-06ECADH1.png Size: 45 KB
Click to Enlarge Name: Greenshot_2014-06-03_08-22-19EUH1.png Size: 46 KB
If you're going through hell, keep going. Winston Churchill
  • #1,394
  • Jun 3, 2014 9:10am Jun 3, 2014 9:10am
Dee, I am not too fussy about the adr, this is the one I have on my charts.
I'd been reading PHX62's posts and pdfs, and know he prefers to trade pairs that have and adr value of 100 or above
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-06-03_10-04-23adrx.png Size: 25 KB
If you're going through hell, keep going. Winston Churchill
  • #1,395
  • Jun 3, 2014 11:10am Jun 3, 2014 11:10am
Quoting dee50
{quote} here's a spare pair. {image}
  • #1,396
  • Jun 4, 2014 9:16am Jun 4, 2014 9:16am
EU News trade ongoing. Not sure that this has the legs to hit even one target today, all orders are at B/E so if nothing happens, nothing ventured nothing gained!
Attached Image (click to enlarge)
Click to Enlarge Name: EU News 4614.png Size: 52 KB
Cut your Losers short and let your Winners run.
  • #1,397
  • Jun 4, 2014 9:24am Jun 4, 2014 9:24am
Quoting Imi
Dee, I am not too fussy about the adr, this is the one I have on my charts. I'd been reading PHX62's posts and pdfs, and know he prefers to trade pairs that have and adr value of 100 or above {image}
That text is far too small for my eyes, I would need to use a magnifying glass, can you picture that?

I can see how using ADR can be beneficial in Consolidating/Ranging markets but it could be a hindrance in a strongly trending market taking me out far too soon. In the end it is just another tool and like all tools it depends on how you use it as to what you can create with it.
Cut your Losers short and let your Winners run.
  • #1,398
  • Jun 4, 2014 11:18am Jun 4, 2014 11:18am
Update. EU news trade. +2 +2. 1 order still running. But what an arsehole, one of my SLs got taken even though price went no where near it and my first TP, price went thru it but did not fill it, this is one of the reasons I stayed away from the Spot Forex market for all these years. The same TP on my futures platform was filled and that SL was not taken so I still have 2 orders running on my futures platform. Spot Forex is not a level playing field and most of the time I do not bitch about it, but when the market is like this and it is hard to make a profit, the last thing you need is this sort of shit!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu news 4614 cont.png Size: 58 KB
Cut your Losers short and let your Winners run.
  • #1,399
  • Jun 4, 2014 11:27am Jun 4, 2014 11:27am
Quoting dee50
Update. EU news trade. +2 +2. 1 order still running. But what an arsehole, one of my SLs got taken even though price went no where near it and my first TP, price went thru it but did not fill it, this is one of the reasons I stayed away from the Spot Forex market for all these years. The same TP on my futures platform was filled and that SL was not taken so I still have 2 orders running on my futures platform. Spot Forex is not a level playing field and most of the time I do not bitch about it, but when the market is like this and it is hard to...
I thought that the only difficulty with the spot is deciding the direction ..... , it seems that ONLY brokers who get the wining deal..
  • #1,400
  • Jun 4, 2014 12:45pm Jun 4, 2014 12:45pm
Final result. EU News trade. +2 +2 +30. HUH!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu news 4614 cont +30.png Size: 71 KB
Cut your Losers short and let your Winners run.
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