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easy as 123 profittable system

  • #1
  • First Post: Aug 14, 2006 1:53am Aug 14, 2006 1:53am
blessed be..

have anyone here try the easy123 technic? study the graph first.. and i promise u it only takes 5 minutes to master this easy & profittable technic..

[IMG:150:112]http://img219.imageshack.us/img219/6121/clipboard01gu4.th.jpg[/img]

how to place buy / sell price
much more easy buy using the bar chart
[IMG:150:108]http://img217.imageshack.us/img217/746/clipboard02kn8.th.jpg[/img]

sell that includes many bars..
[IMG:150:102]http://img147.imageshack.us/img147/1055/clipboard02av2.th.jpg[/img]

buy that includes many bars..
[IMG:150:107]http://img139.imageshack.us/img139/8736/clipboard02wr8.th.jpg[/img]

good luck guyz..
  • #2
  • Aug 14, 2006 1:56am Aug 14, 2006 1:56am
Quoting bijak_sinner
blessed be..

have anyone here try the easy123 technic? study the graph first.. and i promise u it only takes 5 minutes to master this easy & profittable technic..

[IMG:150:112]http://img219.imageshack.us/img219/6121/clipboard01gu4.th.jpg[/img]

how to place buy / sell price
much more easy buy using the bar chart
[IMG:150:108]http://img217.imageshack.us/img217/746/clipboard02kn8.th.jpg[/img]

sell that includes many bars..
[IMG:150:102]http://img147.imageshack.us/img147/1055/clipboard02av2.th.jpg[/img]

buy that includes many bars..
[IMG:150:107]http://img139.imageshack.us/img139/8736/clipboard02wr8.th.jpg[/img]

good luck guyz..
Thanx mate

is easy123 technic called elliote wave right ?
Charting Markets into the Future...MǎҖ€¥.
  • #3
  • Aug 14, 2006 2:40am Aug 14, 2006 2:40am
Nice one!
Change Your Thinking. Change Your Life - JD
  • #4
  • Aug 14, 2006 3:06am Aug 14, 2006 3:06am
Quoting MaXeY
Thanx mate

is easy123 technic called elliote wave right ?
No, MaXeY.

It's not the Elliott wave theory, IMHO this strategy is based upon lower highs for a SELL order, and higher lows for a BUY order...

You can check Ascending and Descending triangle formations, for a similar way of trigerring orders...


Thanks bijak_sinner, anyway.
  • #5
  • Edited 3:29am Aug 14, 2006 3:18am | Edited 3:29am
hi, i got this Ebook..
  • #6
  • Edited 3:56am Aug 14, 2006 3:28am | Edited 3:56am

Sorry guys I know this e book and it is copyrighted and for sale from Mark Crisp. So this is a violation of copyright.


The method is an old one though and it is not.


How it works is you take a run up in price and look for a peak, then a valley will form, then another peak that is not as tall as the first. Then you label them 123 and your price projection is the distance from the highest peak to the valley and then projected down from the valley. You should draw a Tom DeMark Trend Line on the last move up and if price broke thru it you would short. Or, you can wait for price to break the number 2 point and then short.


The opposite is true in a down trend




Scott

Moderator
  • #7
  • Aug 14, 2006 3:38am Aug 14, 2006 3:38am
It is not so much a method as it is a Technical analysis tool. ie, looking for 123 tops and 123 bottoms...

Thank-you bijak sinner for posting this idea... It works very well most of the time...
  • #8
  • Aug 14, 2006 3:44am Aug 14, 2006 3:44am
http://www.tradejuice.com/forex/fore...methode-mm.htm
  • #9
  • Aug 14, 2006 3:49am Aug 14, 2006 3:49am
Quoting Matsu
http://www.tradejuice.com/forex/fore...methode-mm.htm
Yes that is it. The thing I would add is that it works better after a good run up or down and not as well in the middle of a trend.
  • #10
  • Aug 14, 2006 4:28am Aug 14, 2006 4:28am
The 1,2,3 is a very simple but powerful tool in the arsenal but just to elaborate a little on what smjones has said, you will have a lot more success if you pay attention to where they occur ie at previous support and resistance or at trendlines or major fib levels or round numbers and even better if you get a confluence of events such as a trendline intersecting a big round number such as 1.9000 and then a 1,2,3 reversing off that level.

Regards MP
  • #11
  • Aug 14, 2006 5:41am Aug 14, 2006 5:41am
question is how do you know where to put the 1

seems there were lower peaks before the peak they selected on all the entries. i hindsight it looks great tho
  • #12
  • Aug 14, 2006 5:52am Aug 14, 2006 5:52am
That is why it is not a system. You really cannot place the 1 until you have the three. But that is not too late, because then you need to draw the trend line or the horizontal line and wait for price to break thru it... So it must be traded after the entire formation. Like you would a Head and Shoulders...

Scott


Quoting witchazel
question is how do you know where to put the 1

seems there were lower peaks before the peak they selected on all the entries. i hindsight it looks great tho
  • #13
  • Aug 14, 2006 6:22am Aug 14, 2006 6:22am
Quoting witchazel
question is how do you know where to put the 1

seems there were lower peaks before the peak they selected on all the entries. i hindsight it looks great tho
Examples:
Attached Image
  • #14
  • Aug 14, 2006 6:53am Aug 14, 2006 6:53am
glad u guyz love this technic.. anyway any suggestion to make this technic more superb is highly appreciated..

yes, i admit that this technic was originally taken from mark crisp
  • #15
  • Aug 15, 2006 10:47am Aug 15, 2006 10:47am
http://www.tradeology.com/lessons/bo...sunbollie.html

flash video tutorial regarding this easy-123 technic..
  • #16
  • Aug 15, 2006 10:56am Aug 15, 2006 10:56am
They go into this technique in "Technical Analysis of the Financial Markets". It's a very old but successful technique.

This is an excellent book by the way. It shows just how powerful price itself is.
  • #17
  • Apr 21, 2007 9:11pm Apr 21, 2007 9:11pm
Mark Crisp article is here:
http://www.trading-naked.com/library/123system.pdf

I searched around but could not find many people discuss about this system. Does it really work in practical trading?
  • #18
  • Sep 23, 2008 12:57am Sep 23, 2008 12:57am
I found this nice thread and wanted to
bring it to the surface!

Good links to some nice resources here.

Thanks original posters!

Basic is good!
  • #19
  • Feb 21, 2010 6:17am Feb 21, 2010 6:17am
Has anyone seen a mt4 indicator that shows the mark crisp 123 setup
  • #20
  • Sep 11, 2010 11:23am Sep 11, 2010 11:23am
Quoting toddanderson
Has anyone seen a mt4 indicator that shows the mark crisp 123 setup
Why do you need any indicator?
Some pursue happiness, others create it.
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