How to use the 123 strategy effectively

Suthmo,

Many thanks for the 1-2-3 system.

I will have to download Metatrader and the trend signal indicator.

Gold's taken a big hit over the last few days, perhaps a test of $1100 or possibly even $1000?

Your welcome. Gold still moving to start of that drop. looking at 1228/30 for reverse down, if it hasn't started around 1222 already. Trade safe, good luck.

Sad to see that this thread died as it really is a nice and simple strategy. Very similar to trading the CD leg of an ABCD pattern, just getting in after the confirmation of the break of 2. I've been looking to go back to trading simply so I will be giving this a good run. I have 2 POs set currently. I will try reversals as well as continuations (a bit later).

GU triggered and stopped out. UJ broke 1, restarting count.

$ is very bearish. Going with the bigger 123 continuation pattern.

TP hit @ 161.8 Extension. +25 pips

Hi Paulus, I just find your 123 trading system. Can I ask? DO you still trade this way? Coud you clarifi for me please couple question?
1. Do you use ST at point 1 or 3?
2. Do you move ST while the price reach up Fibo levels --- Fibo200>ST to 100, Fibo 300> ST to 200 etc.?
3. Do you trade just EURUSD,USDCAD and GBPUSD?

Thank you.

Still in on this trade from this morning. I forgot to set my TP and wasn't near the computer when my TP target was reached. Hope to get back up there.

Closed that one out for +29 on Sunday open

Potential trade setup. Got a buy stop order in place.


**update: price traded lower so the trade was never triggered.

Trade done and won!

In on a ride down:


**Update: closed this one out because it didn't move right away and now I see that price is moving back up.

In on a late morning trade. We'll see how this one goes.


**Update: Stopped out on this one. It hit my SL

Exited this one because news was coming and I was falling asleep. Out with +14.

Waiting on point 2 to be taken out


**Update: price traded lower so no trade.

In on a quick short for 15 pips as a target:

TP reached due to NFP:

In on AUDUSD trend continuation trade.


Out with +14

EURCHF long trade triggered.
out with +11 due to upcoming Fed speaking.

AUDUSD - currently at +13

**Update: out at +11, up against a resistance level though later I'm seeing that it's blown past that resistance level.

USDCHF short running.

**Update: TP hit!