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123PatternsV6 revisited

  • #1,521
  • Jul 9, 2014 7:52am Jul 9, 2014 7:52am
EJ +28 +56 123 TTE Entry. 2 days to hit TP.
ES +64. Dbl Top + Div. 2 days to hit TP. Both of these trades were taken on the 4Hr chart. When it comes to watching paint dry I would much rather sit outside and watch it dry on a wall I have just painted than sit inside watching it dry on a chart, so I have moved up to the 4hr chart and am swing trading, in other words I am letting my trades run until they hit my TP, in this instance it took 2 days to achieve what would ordinarily take 1. This is summer trading at its best!!!

This is my last post for the summer, my wife and I are going to sail, leisurely, round the coast of Portugal up to the North West of Spain, Galicia. See you sometime September.

Have a nice summer
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej +28 +56 4hr 123.png Size: 68 KB
Click to Enlarge Name: es +64 4hr.png Size: 60 KB
Cut your Losers short and let your Winners run.
  • #1,522
  • Jul 9, 2014 9:00am Jul 9, 2014 9:00am
Good job! Nice holiday and all the best for you!
  • #1,523
  • Jul 9, 2014 10:02am Jul 9, 2014 10:02am
Quoting dee50
EJ +28 +56 123 TTE Entry. 2 days to hit TP. ES +64. Dbl Top + Div. 2 days to hit TP. Both of these trades were taken on the 4Hr chart. When it comes to watching paint dry I would much rather sit outside and watch it dry on a wall I have just painted than sit inside watching it dry on a chart, so I have moved up to the 4hr chart and am swing trading, in other words I am letting my trades run until they hit my TP, in this instance it took 2 days to achieve what would ordinarily take 1. This is summer trading at its best!!! This is my last...
Rest of the worrier ..... , Enjoy your time Dee
Cheers
  • #1,524
  • Jul 10, 2014 4:36am Jul 10, 2014 4:36am
hi everyone

i'm kindda new at trading and have been getting some results using this system(it's a great system)

i have one question, is anyone using the "123Alarms.mq4" found on this thread "http://www.forexfactory.com/showthre...58#post5199458"

i try attaching to my charts but then my mt5 platform freezes and i have to "Ctrl+Alt+Delete" and kill the terminal

am i maybe copying it into the wrong folder (ie it should be in the "Experts Advisers" instead of the "Indicator" folder where it is)

anyone with any advise on how to fix this please help

thanks
  • #1,525
  • Jul 22, 2014 4:05am Jul 22, 2014 4:05am
K.I.S.S. EU +30 4Hr 123. EJ +35 DBL TOP +Div. It does not get any easier.

This is what I love about being a Trader, here I am on the High Sea and I can still make money to pay for this very expensive holiday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU +30 220714.png Size: 56 KB
Click to Enlarge Name: EJ +35 220714.png Size: 57 KB
Cut your Losers short and let your Winners run.
  • #1,526
  • Jul 22, 2014 8:00am Jul 22, 2014 8:00am
A couple more for luck. EU +30. EJ +25. I had a Pending order on EU which the News Spike filled, lucky! EJ I entered short earlier on a pullback to the BRN, SL just above BRN only a couple of pips, so if the news went against me I would not have lost much.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU CPI 220714.png Size: 51 KB
Click to Enlarge Name: EJ CPI 220714.png Size: 53 KB
Cut your Losers short and let your Winners run.
  • #1,527
  • Jul 22, 2014 12:33pm Jul 22, 2014 12:33pm
Quoting dee50
K.I.S.S. EU +30 4Hr 123. EJ +35 DBL TOP +Div. It does not get any easier. This is what I love about being a Trader, here I am on the High Sea and I can still make money to pay for this very expensive holiday. {image} {image}
Good way to go Dee, you deserve your journey and your earning ...
  • #1,528
  • Jul 23, 2014 10:00am Jul 23, 2014 10:00am
UC. +23 +30. Divergence out of OS at S&R with news to give it some momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15 news 230714.png Size: 58 KB
Cut your Losers short and let your Winners run.
  • #1,529
  • Jul 23, 2014 10:44am Jul 23, 2014 10:44am
Quoting dee50
UC. +23 +30. Divergence out of OS at S&R with news to give it some momentum. {image}
Hi Dee50I happen to come across this thread by accident but found your post to be very educational. I typically trade Ichimoku but wanted to give what i learned from your posts a try. Hope you dont mind looking over the trade i did today. The attached chart is of a trade i took this morning. Its on GBP/JPY 15min to the short side. I drew yellow lines of the divergence i saw with the candles and Stoch. The second trade (a buy) was one i did not enter but wanted to see if i was reading the chart right. I have read over all the PDF's you have posted but reading and then applying are two different things. I hope to post more charts as i learn this method. You can ignore the OBV and the colored boxes on the chart. Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.m15 EDIT.jpg Size: 332 KB
  • #1,530
  • Jul 23, 2014 11:59am Jul 23, 2014 11:59am
Quoting jacioux
{quote} Hi Dee50I happen to come across this thread by accident but found your post to be very educational. I typically trade Ichimoku but wanted to give what i learned from your posts a try. Hope you dont mind looking over the trade i did today. The attached chart is of a trade i took this morning. Its on GBP/JPY 15min to the short side. I drew yellow lines of the divergence i saw with the candles and Stoch. The second trade (a buy) was one i did not enter but wanted to see if i was reading the chart right. I have read over all the PDF's you have...
Have a look at this.
Attached Image (click to enlarge)
Click to Enlarge Name: divergence.png Size: 72 KB

I have marked up your chart. Your Divergences are "not" divergences, however you would have been right to take the long as it was supported by divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.m15 EDIT.jpg Size: 690 KB
Cut your Losers short and let your Winners run.
  • #1,531
  • Jul 23, 2014 12:21pm Jul 23, 2014 12:21pm
Quoting dee50
{quote} Have a look at this. {image} I have marked up your chart. Your Divergences are "not" divergences, however you would have been right to take the long as it was supported by divergence. {image}
Dee50, thank you for taking the time to give feedback. I will go back and restudy divergence again and if you dont mind i will post some more charts each day on trades i take using it. Please bear with me as i am sure a few charts will be obviously wrong. Thanks
  • #1,532
  • Jul 23, 2014 5:20pm Jul 23, 2014 5:20pm
Quoting jacioux
{quote} Dee50, thank you for taking the time to give feedback. I will go back and restudy divergence again and if you dont mind i will post some more charts each day on trades i take using it. Please bear with me as i am sure a few charts will be obviously wrong. Thanks
Joe Dinapoli's said: "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it. Even for the best of Oscillators this can, and often does, spell disaster, particularly for the new participant. Price and Oscillator divergences abound, and the market continues to stop out the divergence players. Looking back in time, you're sure to find divergences that work, but when you're going forward in time, as in real trading, the accuracy of this technique just isn't there."
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,533
  • Jul 24, 2014 3:41am Jul 24, 2014 3:41am
Quoting heispark
{quote} Joe Dinapoli's said: "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it. Even for the best of Oscillators this can, and often does, spell disaster, particularly for the new participant. Price and Oscillator divergences abound, and the market continues to stop out the divergence players. Looking back in time, you're sure to find divergences that work, but when you're going forward in time, as in real trading, the accuracy of this technique just isn't there."
So are you saying, or rather Mr Dinapoli, that what I have been doing for the last 10 years is actually misguided? and that all the divergences I have ever traded have only been successful due to other circumstances?

I appear to have been extremely lucky
Cut your Losers short and let your Winners run.
  • #1,534
  • Edited 6:56am Jul 24, 2014 4:37am | Edited 6:56am
Quoting heispark
{quote} Joe Dinapoli's said: "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it. Even for the best of Oscillators this can, and often does, spell disaster, particularly for the new participant. Price and Oscillator divergences abound, and the market continues to stop out the divergence players. Looking back in time, you're sure to find divergences that work, but when you're going forward in time, as in real trading, the accuracy of this technique just isn't there."
Sorry, I did not know such Dinapoli, but ... what do you think/say/know?

Clearly and sayed not enough to find the divergences, as discussed in several occasions dee50: IS NOT EASY and years of experience are needed. Nobody in their right mind would think that with ONLY divergences, going to become a Master as dee50, that is absurd and laziness. I think divergences can be a useful TOOL.

Only my view

Regards
Newbie trader
  • #1,535
  • Jul 24, 2014 6:56am Jul 24, 2014 6:56am
Quoting dee50
{quote} So are you saying, or rather Mr Dinapoli, that what I have been doing for the last 10 years is actually misguided? and that all the divergences I have ever traded have only been successful due to other circumstances? I appear to have been extremely lucky
No offense. Just a small caution to all the biginners. That's it.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,536
  • Jul 24, 2014 7:47am Jul 24, 2014 7:47am
Quoting heispark
{quote} No offense. Just a small caution to all the biginners. That's it.
No offence taken.

I actually agree with the first sentence of Mr Dinapoli's statement "Don't use an Oscillator to price divergence as an entry technique, unless you have an excellent means of filtering it." The rest of the statement is unqualified, unproven hogwash designed to frighten rather than inform, which is a habit of many of the trading Demi Gods!

For those of you who would like to know more about Mr Dinapoli here is a link to a gentleman by the name of Sive Morton who has provided an analysis using Mr Dinapoli's method, for some years.

http://www.forexpeacearmy.com/forex-...rten-analysis/

If you scroll down to one of the Daily Analysis videos you will see the Dinapoli method explained.
Cut your Losers short and let your Winners run.
  • #1,537
  • Jul 24, 2014 8:33am Jul 24, 2014 8:33am
EJ +55. Pin Bar entry @ S&R BRN. 2 charts today. 1hr & 4hr, I took the entry on the 15m chart after the fakey down which gave me an earlier entry. Divergence on the 4 hr chart and a 1 hr Pin Bar @ the BRN convinced me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej +55 240714.png Size: 65 KB
Click to Enlarge Name: EURJPYH4.png Size: 71 KB
Cut your Losers short and let your Winners run.
  • #1,538
  • Jul 24, 2014 9:26am Jul 24, 2014 9:26am
Quoting dee50
EJ +55. Pin Bar entry @ S&R BRN. 2 charts today. 1hr & 4hr, I took the entry on the 15m chart after the fakey down which gave me an earlier entry. Divergence on the 4 hr chart and a 1 hr Pin Bar @ the BRN convinced me. {image} {image}
Hi Dee50 - Good entry. When i was looking over your charts you always seem to nail the entry for lowest low or highest high when you place the order. Do you start at 4hr and then work your way down on time for entry? I dont have any charts to share today, i am only trading G/J and did not seen any entries on the 15 min.
  • #1,539
  • Jul 25, 2014 5:40am Jul 25, 2014 5:40am
Quoting dee50
EJ +55. Pin Bar entry @ S&R BRN. 2 charts today. 1hr & 4hr, I took the entry on the 15m chart after the fakey down which gave me an earlier entry. Divergence on the 4 hr chart and a 1 hr Pin Bar @ the BRN convinced me. {image} {image}
Nice catch Dee, I see new indicators on your chart....
  • #1,540
  • Jul 26, 2014 4:12am Jul 26, 2014 4:12am
Quoting jacioux
{quote} Hi Dee50 - Good entry. When i was looking over your charts you always seem to nail the entry for lowest low or highest high when you place the order. Do you start at 4hr and then work your way down on time for entry? I dont have any charts to share today, i am only trading G/J and did not seen any entries on the 15 min.
My main trading TF is the 1Hr I check the TF either side (4hr & 15m) before taking a trade.
Cut your Losers short and let your Winners run.
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